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Nathan Pierce

Loan Officer

NMLS ID 12920

801-272-0600 nathan@advancedfunding.com



December Housing Starts Plunge

Delayed December Housing Starts fell 11.2% from November to an annual rate of 1.078 million units versus the 1.254 million expected. It was the slowest pace since September 2016. Building Permits were essentially unchanged at 1.326 million versus the 1.290 million expected. Year-over-year, Housing Starts fell nearly 11% with losses seen in both single-family starts (-6.7%) and multi-dwelling units (-22%). Fannie Mae Chief Economist Doug Duncan said last week, "Falling - or at least not rising - interest rates, strong employment, continued wage growth, and a deceleration in home price appr...

February 26th, 2019 | Mortgage News, December Housing Starts Plunge

Should I Choose a Cash-Out Refinance or HELOC?

When you need a chunk of cash for a project, your home may be the best source of funding. Fortunately, you do not need to sell your home to take advantage of your equity. There are two popular and practical ways to pull cash out of your home: a cash-out refinance mortgage and a home equity line of credit (HELOC).   Cash-Out Refi’s A cash-out refinance loan replaces your existing mortgage with a new, larger loan, allowing you to take out cash in exchange for some of your existing equity. Lenders typically cap your cash-out refi at 80% of the home’s value. For example, le...

February 20th, 2019 | Refinance, Saving Money, Should I Choose a Cash-Out Refinance or HELOC?

Cultivating a Positive Client Relationship

Cultivating a positive client relationship will go a long way toward helping you close a profitable sale. Though you're likely juggling several clients at once, no one wants to feel like they're one amid many. Use these tips to communicate clearly and productively with your clients, so they'll feel like they're the sole focus of your attention.   Demonstrate Active Listening Demonstrate active listening by restating the client's viewpoint. When you repeat back what you've heard, you give the other individual the chance to elaborate on a point or correct...

February 19th, 2019 | Real Estate Agent Tools, Cultivating a Positive Client Relationship

How Often Should You Share to Social Media?

Have you ever had a jingle stuck in your head? Or perhaps you’re familiar with a slogan that you could start reciting and 90% of people could finish? How do so many major brands manage to get their message stuck in our heads? You may have noticed, consciously or not, that their commercials play constantly on your TV, computer and other media to the point that you’ve probably memorized the ad! As a real estate agent, you want your name to come to someone’s mind any time the topic of real estate comes up the same way we easily remember jingles and slogans. And one way you...

February 18th, 2019 | Real Estate Agent Tools, How Often Should You Share to Social Media?

Retail Sales Plunge in December

'Only got twenty dollars in my pocket' ...Thrift Shop by Macklemore & Ryan Lewis. The financial markets are sensing a government shutdown and protracted trade war with China will be averted. This is good news and a reason why Stocks have continued to push higher and home loan rates have capped for the past few weeks. But last Thursday, Retail Sales was reported at a shocking 9-year low. Combing through the report, a 3.9 percent decline in internet purchases was a huge negative surprise. With consumer spending making up nearly 70 percent of GDP, there is fear in the markets th...

February 14th, 2019 | Mortgage News, Retail Sales Plunge in December

What is the Right Home Loan in Utah for Buying a Fixer-Upper?

You have found your dream house but it will take significant work to make it a home. You do not have cash in savings to pay for both a down payment and the repair costs. Can you get a home loan in Utah when buying a fixer-upper? Not to worry - this is not a hopeless situation. Fortunately, there are two common types of mortgage loans available for just this scenario: The Federal Housing Administration -FHA 203(k) rehabilitation loan or Fannie Mae HomeStyle Renovation Mortgage.   FHA 203(k) Mortgage The Federal Housing Administration has provided a home loan that allows bu...

February 13th, 2019 | Home Buying or Selling, Conventional Loans, Loan Programs, Home Improvement, FHA Loans, What is the Right Home Loan in Utah for Buying a Fixer-Upper?