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Mortgage BLOG

Advanced Funding Home Mortgage Loans' mortgage blog is chock full of mortgage loan advice, tips, and the latest mortgage and housing news. Whether you're considering a Utah refinance or thinking of buying a home. We have the experience and expertise to assist you as you prepare for your homeowner journey. Our mission is to help you understand how the mortgage loan process works so that you can make decisions that will maximize your savings, qualify you for the amount you desire, and avoid costly missteps.

 

Mortgage Rates Slip

The average rate on a 30-year fixed rate mortgage fell to 4.83% in the latest week, according to mortgage guarantor Freddie Mac, down from 4.86% the week before. Investors flocked to bonds for safety as the stock market tumbled, and mortgage rates typically follow bond yields. The 15-year fixed rate mortgage also saw rates decline, falling to 4.23% from 4.29%. The average rate on a 5-year Treasury-indexed adjustable rate mortgage sank to 4.04% from 4.14%.

November 1st, 2018 | Mortgage News, Mortgage Rates Slip

6 Listing Description Mistakes

While photos are key to painting an accurate portrait of a listing, descriptions are important too. Here are six common listing description mistakes and tips for how to fix them, so you can create listing copy that sells.  Spelling and Grammar Mistakes Attention to detail matters to homebuyers, and text errors can erode professional credibility. Spell check won't catch context errors (like "no grime area" instead of "no crime area"). Have someone else read your copy to help eliminate spelling and grammar mistakes. Poor Word Choice Avoid using jargon and...

November 1st, 2018 | Real Estate Agent Tools, 6 Listing Description Mistakes

Zombie Foreclosures

The number of “zombie foreclosures” – vacant properties in the foreclosure process – fell to 10,291 homes, down 4.18% during the 2018 third quarter from a year earlier. The new total represents just 3.38% of all properties in foreclosure, according to ATTOM Data Solutions and is less than a fourth of 44,000 zombie foreclosures in 2014 when the company began tracking them. The report also said the total vacant U.S. single-family homes and condos (including those in foreclosure) decreased to 1.5 million in Q3, a decline of 1.58% from 2017.

October 31st, 2018 | Mortgage News, Zombie Foreclosures

Understanding Your Credit Score

Your credit score can impact you in a number of different ways. It will affect the interest rate you pay on your mortgage, your insurance premiums, as well as the cost of consumer loans. Having a clear understanding of credit scores and knowing how to achieve the highest rating possible can help save you tens of thousands of dollars in the long run.   A credit score is a number that helps lenders determine how likely you are to make your proposed monthly payments on time.   A FICO score on a mortgage credit report will range from 300-850, and is made up of the following: &...

October 30th, 2018 | Credit, Understanding Your Credit Score

Best Strategies for Crystal-Clear Windows

Whether you live in an area that gets significant rain or you simply want to give your windows a little polish as part of your cleaning routine, washing windows and keeping them clean may seem like a challenge. Cleaning solutions can often leave smudges or cause debris to stick to glass even more. Try the following effective strategies for getting your windows clean in Utah's hard water environment. Prepare. Before you get started, make sure you're not working in direct sunlight. To prevent damage to the frames, remember to rinse and dry them immediately. Prewash. Windows with si...

October 26th, 2018 | Home Owner Tips, Best Strategies for Crystal-Clear Windows

Stocks Tricked While Bonds Treated Ahead of Monster News Week

"The key to making money in stocks is not getting scared out of them..." Peter Lynch Folks didn't receive that memo this past week as the threat of rising rates and some not-so-rosy outlooks from firms like Amazon definitely frightened investors, who fled from Stocks. All three major Stock indices - the Dow Jones, S&P 500 and Nasdaq sold off hard this week and are now flat-to-negative for the year. Even a better than expected 3rd Quarter GDP reading of 3.5% along with a stellar consumer spending reading on Friday could not help Stocks avoid a selloff at the open. ...

October 26th, 2018 | Mortgage News, Stocks Tricked While Bonds Treated Ahead of Monster News Week

Advanced Funding Home Mortgage Loans



Your Local Mortgage Company

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

Experience Matters

As one of the most trusted and respected mortgage companies in Utah, Advanced Funding Home Mortgage Loans offers a variety of purchase mortgage and refinance products. Our licensed mortgage brokers are both knowledgeable and experienced to ensure you a pleasant home loan experience at the best interest rates available. We combine the use of technology, impeccable service, a dynamic management team, along with a well-trained, and experienced staff to produce results, such as great mortgage rates, low fees, and most importantly, a fast and pleasant loan experience.

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

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