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Nathan Pierce

Loan Officer

NMLS ID 12920

801-272-0600 nathan@advancedfunding.com

Blog

 

Customer Relationship Management Systems for Real Estate Agents

As a real estate professional, your time is likely largely spent communicating with clients and other stakeholders in the home-buying process through the phone, email, social media, and in-person meetings. This aspect alone requires excellent time management and relationship skills – and you might need more than an Excel spreadsheet or Google Calendar to keep up. Your role also likely entails reaching certain productivity and performance goals based on your marketing and client outreach efforts. How can you actively measure whether your efforts are productive and successful? Do your...

January 17th, 2019 | Real Estate Agent Tools, Customer Relationship Management Systems for Real Estate Agents

Buying a Home as a Millennial: Myths Debunked

As a millennial, your probably sick of hearing about millennials are not able to purchase homes. You're a hyper-analyzed generation whose perceived as self-entitled, lazy, and a lives in your parent's basement. You've probably seen the theories swirling around online and on social media outlets trying to explain why millennials can’t buy a home. Or even worse, they offer impractical “advice” about what to do in order to buy a home. The goal of this article isn’t to convince all millennials to buy a home. That’s just not feas...

January 17th, 2019 | Home Buying or Selling, First-time Homebuyers, Buying a Home as a Millennial: Myths Debunked

First-Time Homebuyers Should Avoid These 5 Mistakes

Buying a home in Utah for the first time is a very exciting adventure, but as with any new experience, it can be easy to make plenty of mistakes. In order to make a satisfying purchase, try to avoid these 5 big first-timer blunders.   1. Get Pre-Approved before looking for a home If you are truly ready to make a home purchase, start with first things first. Contact Advanced Funding to get pre-approved for a mortgage. This will give you a good idea of how much home you can afford and it will make you a viable buyer when you find the right house. Otherwise, you run the risk of fal...

January 16th, 2019 | First-time Homebuyers, Home Buying or Selling, First-Time Homebuyers Should Avoid These 5 Mistakes

When the Trend is No Longer Your Friend

"We are good where we stand right now"... Fed President James Bullard - 1/10/19 Stocks continued to react positively to Fed Chair Powell's Jan 4th speech, where he essentially said, "we have your back"...meaning that the Fed will be "flexible" and may not raise rates at all in 2019. There is an old saying in the financial markets - "don't fight the Fed." This means that if the Fed is saying or doing something (hinting no rate hikes) that helps Stocks, that theme will continue until the story changes. Typically, when stocks move higher,...

January 14th, 2019 | Mortgage News, When the Trend is No Longer Your Friend

Mortgage Applications Jump by Almost 25%

A major dip in U.S. and Utah mortgage interest rates resulted in a 23.5% jump in home loan applications in the latest week, according to the Mortgage Bankers Association. As rates on conventional 30-year fixed-rate mortgages fell to 4.64% from 4.74% the week before, requests for both refinance loans and home purchase mortgages skyrocketed by 35% and 17%, respectively. The refinance share of mortgage applications increased to 45.8%, up from 42.7% the week before and is the highest reading in 11 months.   Get a Lower Interest Rate Get Quote

January 10th, 2019 | Mortgage News, Mortgage Applications Jump by Almost 25%

Interest Rate vs Annual Percentage Rate (APR)

Interest rate and annual percentage rate (APR) - those are the same things, right? Unfortunately, too many mortgage buyers don’t realize the answer is no. The interest rate on your Utah mortgage loan is different from the APR and understanding both is important to getting the best deal on your mortgage.   Interest Rate The interest rate on a loan is the cost of borrowing the mortgage principal. It is a percentage of the amount and can be either fixed or variable. The interest rate is amortized over the life of the loan and the interest payment is rolled into the monthl...

January 10th, 2019 | Interest Rates, Mortgage Basics, Interest Rate vs Annual Percentage Rate (APR)