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Nathan Pierce

Loan Officer

NMLS ID 12920

801-272-0600 nathan@advancedfunding.com

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Best Time of the Year to Buy a Home in Utah

Whether you have been saving up for your first home or you are ready to upgrade to a bigger place, you may be wondering if there is a “best” time to buy a home in Utah. While it depends on your priorities and your local market, there are some general home buying trends that could help you make your decision.   Spring and Summer These are typically the hot home buying and selling months. That means there will be more listings to choose from as a buyer. However, that also means there will probably be lots of other buyers looking at those listings and the competition could...

March 20th, 2019 | Home Buying or Selling, Best Time of the Year to Buy a Home in Utah

Home Appraisal FAQs

A home appraisal is an important part of the home-buying process. If you're ready for this step, you may have some questions about what happens.   What is a home appraisal? A home appraisal is a professional evaluation of the value of a property. It's typically conducted by a licensed, certified professional. The appraiser is an unbiased individual with the necessary knowledge and experience to determine the fair current value of a home.   Who pays for a home appraisal? A home appraisal that's conducted as part of the home buying process is typically paid fo...

March 19th, 2019 | Mortgage Basics, Home Appraisal FAQs

5 Things to Do After Your Mortgage Closes

After sitting down at the mortgage closing table to sign all the paperwork, you get the keys and can breathe a sigh of relief. But before you tuck all those mortgage papers away for good, there are at least five things you still need to do after closing to make sure everything is on track.   1. Figure Out the Date of the First Mortgage Payment Your mortgage broker or title company should have let you know this important fact before or at closing, but with so many papers and numbers being thrown at you, it might get missed. Your escrow account often requires enough money f...

March 13th, 2019 | Mortgage Basics, Homeowner Tips, 5 Things to Do After Your Mortgage Closes

Should I Refinance? Costs and Benefits of a Utah Refinance

Your mortgage can be a very powerful financial tool that can help you in a variety of situations. The major way you take advantage of the built-up equity and other financial power is by refinancing your home. But when should you do it? Are there any downsides? The answers to these questions really depend on your goals and what you hope to get out of the Utah refinance. In this post, we’ll go over several scenarios where you might refinance and how to determine if it’s right for you.   Why Should I Refinance My Mortgage? There are a lot of reasons you might ...

March 12th, 2019 | Refinance, Should I Refinance? Costs and Benefits of a Utah Refinance

4 Ways to Lower Your Mortgage Payment

Your home is probably your largest asset and your mortgage payment is more than likely one of your largest expenses each month. When looking at these numbers do you feel like your monthly mortgage payment is too high? If so, here’s a few ways to lower your monthly payment on your house.   Remove Private Mortgage Insurance (PMI) Home values have risen dramatically over the past few years. If your original down payment was less than 20%, you’re probably paying PMI. Your home could have enough equity to refinance and remove your monthly PMI payments which could save y...

March 10th, 2019 | Refinance, Saving Money, 4 Ways to Lower Your Mortgage Payment

Euro Pain, US Bonds Gain

"It's a small world after all" If inflation moves lower or is expected to move lower - rates must go lower as well. That's the situation right now. The financial markets and interest rates also follow inflation on a global scale. Why is this important to homeowners? If disinflation or the rate of inflation moderates in places like Europe, interest rates in those countries move lower and tend to drag US interest rates lower as well. This past week we watched home loan rates revisit one-year lows upon news that the European Central Bank or ECB downgraded their ...

March 8th, 2019 | Mortgage News, Euro Pain, US Bonds Gain