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Nathan Pierce

Loan Officer

NMLS ID 12920

801-272-0600 nathan@advancedfunding.com

Blog

 

A Bad Apple Helps Home Loan Rates

"Workin' for a Livin"... Huey Lewis and the News  iPhone maker, Apple, was a downer this week as the company announced a surprisingly weak sales and earnings forecast for the first quarter of 2019. Stocks and interest rates fell on the bad news, concerned that Apple, the first big tech firm to report weak growth in 2019, is the "canary in the coal mine" and that more companies will report weaker sales and earnings.  Regardless of Apple's current woes, the U.S. economy is still humming along as was evident in Friday's Jobs Report which showed a...

January 7th, 2019 | Mortgage News, A Bad Apple Helps Home Loan Rates

Financial Mistakes to Avoid When Building Wealth

Financial success stories can be incredibly motivating. When we read an article or hear an interview about someone who went from zero to millionaire, it instills a sense of hope for achieving our own financial goals. With the blessing of hindsight in our favor, here are the financial pitfalls that were common among many money masters.   Spending Without a Plan By living for today and not planning for tomorrow, we’re letting our money control us instead of the other way around. This can happen when we live without a monthly budget and spend our money haphazardly. If we&r...

January 5th, 2019 | Saving Money, Financial Mistakes to Avoid When Building Wealth

Mortgage Applications Rise as Interest Rates Fall

More Utahns applied for mortgage loans this week, according to the Mortgage Bankers Association, in response to a three-week trend of falling interest rates. The MBA's mortgage application volume index rose 2% from the week before but is still down 19% from one year ago. Refinance loan requests made a big jump, climbing 6% while home purchase applications only increased by 1% in the latest week.   Get a Rate Quote Get Quote

January 3rd, 2019 | Mortgage News, Mortgage Applications Rise as Interest Rates Fall

Ins and Outs of a Down Payment

Being able to purchase a home is often tied to how much of a down payment you have saved. If you have never bought a house before, you may not understand what a down payment is or why it is so important. Here are the basics you need to know as you save up for your first Utah home. A down payment is a portion of the purchase price paid up front to your mortgage lender. It is very important to mortgage brokers and mortgage lenders because it shows them you are serious about the purchase and committed to paying off your loan.   How Down Payments Affect Your Mortgage The size of you...

January 2nd, 2019 | Conventional Loans, First-time Homebuyers, VA Loans, FHA Loans, Interest Rates, Home Buying or Selling, Ins and Outs of a Down Payment

How to Save Money on the Things You Love the Most

What’s the one thing you love the most? Is it your favorite pair of shoes that you dream about on your way home from work? Or maybe it’s your grande Starbucks one pump vanilla caramel macchiato? No matter what you’re passionate about, these things can be expensive. Including your favorite items and subscriptions in your budget can become very challenging if you aren’t careful. For example, a daily trip to Starbucks for your one pump vanilla caramel macchiato and an occasional gluten-free ham and egg sandwich will cost you an average of $5 – $10 per...

December 31st, 2018 | Saving Money, How to Save Money on the Things You Love the Most

How Do Inquiries Affect My Credit Score?

You have probably been cautioned that anytime your credit is checked your credit score is negatively impacted. While this issue is more complicated than it seems, there is some truth to this advice. Your credit score is affected in part by the number of inquiries made into your credit history, but there are different categories of inquiries and some count while others do not. The credit bureaus that collect and score your credit call these two types hard and soft inquiries.   Soft Credit Inquiries Soft credit inquiries are when you personally check your credit score, or when a busi...

December 30th, 2018 | Credit and Debt, How Do Inquiries Affect My Credit Score?