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Nathan Pierce

Loan Officer

NMLS ID 12920

801-272-0600 nathan@advancedfunding.com

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Blog Image: The Essential Pre-Home Search Step

The Essential Pre-Home Search Step

You have been saving to buy a home for a while and you are curious to see what’s out there. A quick internet search turns up a few intriguing properties. You start dreaming of what your life would could be like in those homes. Before you run out and book a real estate agent to show you around, there is one essential step you should take: line up your mortgage funding. While that might seem premature when you’re just in the “looking” phase, getting pre-approved for a mortgage is the best way to start a search. Here’s why you should get pre-approved for a mortgag...

May 15th, 2019 | Home Buying or Selling, The Essential Pre-Home Search Step

Blog Image: Americans Favor Owning Versus Renting a Home

Americans Favor Owning Versus Renting a Home

The Census Bureau recently reported a homeownership rate of 64.2% in the first quarter of 2019, up from the 10-year low of 63.7% in the first quarter of 2015. A recent study by LendingTree shows that 67% of homeowners surveyed aged 22 and older believe that owning a home is a better option than renting. In addition, the longer you remain in a home, the stronger you believe that owning is better than renting. The survey revealed that 72% of homeowners who have resided in their home for seven to nine years agree with the statement. The survey also showed that about 15% of homeowners believ...

May 13th, 2019 | Mortgage News, Americans Favor Owning Versus Renting a Home

Blog Image: What Do Higher Utah Real Estate Prices Mean for Home Buyers?

What Do Higher Utah Real Estate Prices Mean for Home Buyers?

The Utah housing market has been skyrocketing this year, with homes in some well-sought after cities provoking bidding wars in hot neighborhoods. For home buyers, this may mean that they are more likely to end up paying more than they are expecting when they start looking for the home of their dreams. Home buyers should start preparing for their search by finding out what they can afford before making a list of what they want. Start by crunching the numbers with a qualified mortgage professional and determine which monthly payment can be safely worked into your budget. Once you have dete...

May 12th, 2019 | Mortgage News, Home Buying or Selling, What Do Higher Utah Real Estate Prices Mean for Home Buyers?

Blog Image: What is Mortgage Amortization?

What is Mortgage Amortization?

If you have a fixed-rate home mortgage, you pay the exact same amount of principal and interest each month. But did you know that the amount of principal you pay toward the balance of your loan changes from month to month? This is called mortgage amortization and it is a method of distributing the interest and principal over the course of a loan so that it is completely paid off by the end of the loan term. Understanding how it works could help save you plenty of interest on your mortgage.   How does it work? When you agree to buy a house at a certain price, in reality, you will en...

May 8th, 2019 | Credit and Debt, Interest Rates, Mortgage Basics, What is Mortgage Amortization?

Blog Image: 4 Things to Understand About Credit Scores Before Applying for a Mortgage

4 Things to Understand About Credit Scores Before Applying for a Mortgage

Your credit score is an essential factor in determining much about any mortgage loan you receive. A credit score is a measure of your trustworthiness as a borrower. It pays to know as much about your credit score as possible before applying for home loan funding. Here are four key points to understand:   1. Credit Scores Are Calculated by Financial Formulas Credit scores (also called FICO scores because they were created by the Fair Isaac Corporation) is determined by a several factors. The weightiest element - 35% - is your payment history. The more often you have been late on mak...

May 1st, 2019 | Credit and Debt, 4 Things to Understand About Credit Scores Before Applying for a Mortgage

Blog Image: S&P Case-Shiller 20-City Home Price Index Edged Lower

S&P Case-Shiller 20-City Home Price Index Edged Lower

Home price gains continue to cool as they drift down to more normal levels due in part to an uptick in housing inventories. The S&P Case-Shiller 20-City Home Price Index rose 3% from February 2018 to February 2019, up 0.2% from January to February. The national index increased 4% annually. Home price gains topped out in late 2013 with double-digit gains. A spokesperson for the index said that the pace of home prices continues to slow.   Get a Lower Interest Rate Inquire Now Vantage Production, LLC is the copyright owner or licensee of the content and/or information in this p...

April 30th, 2019 | Mortgage News, S&P Case-Shiller 20-City Home Price Index Edged Lower