801-272-0600
nathan@advancedfunding.com
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Nathan Pierce

Loan Officer

NMLS ID 12920

801-272-0600 nathan@advancedfunding.com

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Blog Image: Happy 4th of July

Happy 4th of July

We want to wish you a Happy Fourth of July! It is because of clients like you who believe in this great country and the dream of homeownership that we have reason to celebrate. "We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the Pursuit of Happiness." Declaration of Independence - July 4, 1776

July 3rd, 2019 | Lifestyle, Family, Happy 4th of July

Blog Image: Can I Refinance Without Closing Costs?

Can I Refinance Without Closing Costs?

Mortgage refinance loans require fees and closing costs. Is there a way around those fees? Is it possible to refinance without paying closing costs? The answer is yes, although the rest of your loan will be affected. The typical fees associated with refinance loans include mortgage lender fees and third-party fees. Lenders fees consist of things like origination (Advanced Funding does not charge this fee), processing, and underwriting. Some no-cost refinance programs have the lender pay for all these fees but still require the borrower to pay for third-party costs. Those are made up of...

June 26th, 2019 | Saving Money, Refinance, Homeowner Tips, Can I Refinance Without Closing Costs?

Blog Image: Featured Chart - May New Home Sales Disappoint

Featured Chart - May New Home Sales Disappoint

May New Home Sales Disappoint Sales of new homes fell by nearly 8% in May from April by to an annual rate of 626,000 units, below the 683,000 expected. From May 2018 to May 2019, sales declined 3.7%. Inventories are now just above normal rates of 6 months, currently at 6.4 months. The median price of a new home sold in May was $308,000, 2.7% lower than a year ago. New home sales declined in the Northeast and West with gains seen in the Midwest and South.   Buy a New Home Inquire Now Vantage Production, LLC is the copyright owner or licensee of the content and/or information i...

June 25th, 2019 | Mortgage News, Featured Chart - May New Home Sales Disappoint

Blog Image: 5 Tips for Buying an Investment Property in Utah

5 Tips for Buying an Investment Property in Utah

Adding real estate to your investment portfolio can be a great asset… if done correctly. Buying a property to flip or rent out has different mortgage requirements than a primary residence. There are always hidden costs that need to be anticipated as well. If you are interested in taking on an investment property in Utah, here are five tips for making it a successful venture.   1. Determine the Right Property Type and Area Picking the right property is crucial to your success. If you are buying a rental home, you need to decide what type of renters you want to attract. Find o...

June 19th, 2019 | Home Buying or Selling, Retirement, 5 Tips for Buying an Investment Property in Utah

Blog Image: How Do I Get Rid of Private Mortgage Insurance (PMI)?

How Do I Get Rid of Private Mortgage Insurance (PMI)?

Private mortgage insurance (PMI) is typically required by mortgage lenders when borrowers contribute less than 20% of the home’s value as a down payment. This insurance protects the lender, not the homebuyer. If the loan borrower defaults on the mortgage for any reason, the insurance will reimburse the lender up to 35% of the original loan amount. Homebuyers pay for the PMI premiums, either up front in a lump sum or built into their monthly mortgage payment. While PMI is helpful for allowing borrowers to become homeowners without saving up a full 20%, the premiums do add up over tim...

June 12th, 2019 | Conventional Loans, Saving Money, How Do I Get Rid of Private Mortgage Insurance (PMI)?

Blog Image: Another Week, Another Decline

Another Week, Another Decline

"Let the Good Times Roll" - Good Times Roll by The Cars For the sixth consecutive week, home loan rates declined, once again fueled by the ongoing trade tensions between the US and China. However, the decline in rates was halted on the notion the Fed is likely to CUT rates soon. Huh? That's right - a couple of Federal Reserve members were speaking this week and suggested that the time might be right for a Fed rate cut. How come home loan rates didn't improve further upon news? When the Fed cuts or lowers rates, they can only lower the Fed Funds Rate, which is an...

June 11th, 2019 | Mortgage News, Another Week, Another Decline