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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.

 

What is a Reverse Mortgage?

In the past decade, reverse mortgages have gained a lot of traction as a retirement tool. And yet, many people still do not understand reverse mortgages or their purpose. If you are one of those people, here’s what you need to know:   What Is It? A reverse mortgage is a loan that allows homeowners to use the equity in their home without having to make monthly repayments. While there are some risks and downsides, using a reverse mortgage can be a helpful financial strategy for seniors.   How Does It Work? After being approved, the borrower gets either a lump sum fr...

October 24th, 2018 | Reverse Mortgages, What is a Reverse Mortgage?

How to Save for Your House Down Payment

Buying a home is a big step in life and a significant commitment. Most of us will need to secure financing, working with a Utah mortgage broker, to purchase a new home. For this step, a majority of programs require a down payment. A down payment for a home loan is the amount, in percentage, that you need to pay towards the total price of your desired home. With the right planning and realistic expectations, you can have the money you need for the down payment on for your new home.   Planning for Your House Down Payment The planning stage of the home buying process st...

October 23rd, 2018 | First-time Homebuyers, Home Buying Tips, How to Save for Your House Down Payment

Land of Confusion

"Now did you read the news today. They say that danger's gone away." Land of Confusion by Genesis. Our Federal Reserve has a dual mandate - to maintain price stability (inflation) and maximum employment. They also have a 3rd "unstated" mandate, which is to maintain market calm. This past week, the Fed came up a bit short on that "unstated" mandate and created quite a bit of confusion and market turmoil midweek upon releasing the Minutes from the Sept 26th Fed meeting. In that meeting, we learned there is a group of "hawkish" Fed Members that...

October 19th, 2018 | Mortgage News, Land of Confusion

How to Get a Low Interest Rate on a HELOC

The amount of available home equity has recently hit all-time highs, meaning now is a great time to tap into your home’s value with a home equity line of credit (HELOC). These are revolving accounts that allow you to draw out money for anything from home improvement to college tuition to debt consolidation. Of course, just like with your primary mortgage, finding the best rate on a HELOC is essential. Here are some tips for scoring a great interest rate:   Check Your Equity The more equity you have in your home, the better your odds are of being approved and offered a good ...

October 17th, 2018 | Home Equity, Interest Rates, How to Get a Low Interest Rate on a HELOC

Communication: Proactive Methods to Improve Business

I once heard the expression, "Communication is the lubrication in your organization." That couldn't be truer, especially in the world of business. You simply can't over-communicate when dealing with clients. I find that the best way to eliminate the constant state of reactivity in which most of us work is to employ proactive communication strategies, such as the following:   Make a list of the people with whom you correspond regularly. Take note of all the recurring questions that you have to answer time and time again. Then ask yourself how you can provide the...

October 17th, 2018 | Real Estate Agent Tools, Communication: Proactive Methods to Improve Business

Closer Look at Third-Party Fees

Most people don’t need to be told that buying a home is a big deal. Between a down payment, closing costs and being saddled with a sizable loan that’s going to take a while to pay off, there’s going to be a lot of cash flowing from the buyer’s wallet. As a home buyer, to be better informed about where, exactly, your money is going, take a look at the types of services that go into the processing of home loans and the fees you’ll incur for these services. Borrowers should know the ins and outs of third-party fees in particular, as they make up a large ...

October 17th, 2018 | Home Buying Tips, Appraisals, Closer Look at Third-Party Fees

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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