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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.

 

When Should I Check My Credit Report?

Your credit report is a very important document. Your credit score will be used in all sorts of weighty financial purchases. Checking your credit periodically is essential to maintaining a healthy score and being able to qualify for big loans. How often is periodical? Are there other times when it is important to check your report? You may have heard that you can pull your own credit report for free once a year from all three of the major credit reporting bureaus. These are Experian, Equifax, and TransUnion. Each collects data on your credit individually which means each agency ma...

December 29th, 2018 | Credit, When Should I Check My Credit Report?

Bonds Partying Like it's 2019

The financial markets had plenty to cheer about this week. On Wednesday, Stocks rallied a stunning 1,000+ points, enjoying their best one-day gain in history and then rallied over 800 points higher intraday on Thursday, erasing a huge midday loss. All in all, a great and welcome week in what was otherwise a miserable December for Stocks. Typically, higher stock prices mean higher mortgage rates but that wasn't the case this holiday week. Yes, Bonds moved slightly lower and home loan rates slightly higher, in Utah, in response to the swift Stock rally, but rates ended the week and h...

December 28th, 2018 | Mortgage News, Bonds Partying Like it's 2019

Home Equity Loan vs HELOC

For many people, their home is their largest asset. And its value generally grows over time, producing more equity for the homeowners. How can homeowners make use of this equity without selling their house? A home equity loan or a home equity line of credit (HELOC) are both popular options with different pros and cons.   Home Equity Loan A home equity loan is a second mortgage that is structured very similarly to a traditional mortgage. The amount of the loan will be based on the owner’s existing equity in the home as well as by income and credit history. If all the right fac...

December 26th, 2018 | Home Equity, Home Equity Loan vs HELOC

Federal Reserve Hikes Federal Funds Rate

"Hut One, Hut Two... HIKE!"  It was all about the Fed this past week. On Wednesday, they "hiked" the Fed Funds Rate by 25 basis points (0.25 percent). That rate affects short-term loans like auto and credit cards - what it doesn't affect are home loan rates. Home loan rates actually improved to the best levels since April. Why? The Fed Statement suggested that inflation is moderating and remains beneath the Fed's target of two percent year over year. If Inflation remains low, long term rates - like mortgages, will also remain relatively low. Also...

December 22nd, 2018 | Mortgage News, Federal Reserve Hikes Federal Funds Rate

Using Your Home Equity to Consolidate Debt

When interest rates increase borrowing money becomes more expensive for all sorts of things, including homes. Although this makes it more expensive to buy big-ticket items, it’s not all bad. As interest rates rise, the interest rates on your money that you save also tend to increase, making the money you do have worth more. If the money you have is worth more, it stands to reason you don’t want to keep spending a bunch of it paying off credit cards and other debts at a high rate of interest. And although interest rates might be going up, so are home values. This p...

December 20th, 2018 | Refinance, Saving Money, Using Your Home Equity to Consolidate Debt

Happy Holidays from Advanced Funding

All of us at Advanced Funding would like to wish you a Merry Christmas and a Happy New Year! We would like to thank you for making 2018 a great year and for the privilege of helping you purchase or refinance your home. We hope that 2019 is a year full of happiness, health, and prosperity for you and your loved ones. All the best, Advanced Funding

December 19th, 2018 Happy Holidays from Advanced Funding

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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