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Mortgage Blog

Advanced Funding Home Mortgage Loans' weekly Utah mortgage blog is chock full of mortgage advice, tips, and the latest Utah mortgage and housing news. Whether you're considering a Utah refinance mortgage or the purchase of a new home in Salt Lake City or surrounding areas, we have the information and expertise to assist you in preparing for your homeowner journey. Our mission is to help you better understand how a mortgage in Salt Lake City  works, so that you can make decisions that will maximize your savings, qualify you for the amount you desire, and avoid costly missteps. And when the time comes to begin the loan process we will be here to assist you throughout the entire mortgage process.
 

9 Mortgage Terms You Should Know

It’s like a different language. APR, Fannie Mae, FHA, Freddie Mac, CFPB, PMI, HELOC—you can get lost in the terms of the lending industry. Don’t worry. Your Utah mortgage broker can help you understand the ones relevant to your situation. But it’s a good idea to understand some basic terms that apply in many circumstances. Here are nine to get you started. Amortization Paying off principal (see below) over time. You normally pay off the principal in a mortgage loan over the loan’s term through a fixed schedule. Appraisal A written report by a qualif...

December 13th, 2015 | Home Owner Tips, 9 Mortgage Terms You Should Know

Improvements that Generate Good Returns

Looking to get top dollar for your property in Salt Lake City? Most sellers stick to cleaning and staging. However, if you think your property needs more than a little TLC, certain remodeling projects can help. Before you install a spa-like master bathroom and chef’s kitchen, take some advice from Remodeling magazine’s “2015 Cost vs Value Report.” This report provides estimated costs for 36 midrange or upscale home-improvement projects, along with the percentage of cost that owners can expect to recoup when they sell. Think small. Large-scale projects typi...

December 3rd, 2015 | Home Renovation, Home Selling Tips, Improvements that Generate Good Returns



Your Local Utah Mortgage Broker

As a Utah mortgage broker we work with several different mortgage lenders, enabling us to offer you a variety of mortgage programs at the best mortgage rates and lowest fees available. Working with several lenders allows us to offer more options to help you achieve your goals. Whether you're buying a new home or refinance your current home, Advanced Funding is here to help. Our loan professionals are available to help you during regular business hours or time that is more suitable to your needs. Call today for more information, 801-272-0600.

Utah VA LOAN ADVANTAGE

Veterans Affairs mortgages, better known as VA loans, make it easier for veterans to get financing to buy a home. Utah VA loans usually do not require a down payment and are available to military veterans and active military members. The Utah VA mortgage remains one of the few mortgage options for borrowers who don’t have the money for a down payment. VA loans are somewhat easier to qualify for than conventional mortgages. It offers a great benefit to those who are serving or have served our country.

Advanced Funding Home Mortgage Loans
6589 South 1300 East, Suite 200
Salt Lake City, UT 84121

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