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Nathan Pierce

Loan Officer

NMLS ID 12920

801-272-0600 nathan@advancedfunding.com



Housing Affordability on the Rise

As rates fall and incomes rise, homebuyers’ buying power has reached its highest level in 18 months, according to data from property data company Black Knight. Even though actual prices have climbed an average of $12,000 over the past eight months, sub-4% mortgage interest rates have increased housing affordability by 15% in that time. A buyer could now purchase a home for $45,000 more than last fall and still get the same mortgage payment.   Get More Information Inquire Now

August 12th, 2019 | Mortgage News, Housing Affordability on the Rise

How to Avoid Wire Fraud at Mortgage Closing

You have found the perfect property and made it all the way through the home buying process. The only thing left to do is wire the down payment and closing costs to your mortgage lender. Right before you are supposed to wire the money, you get an email from your title company or mortgage broker giving you different instructions about where to send your funds. Since the email is clearly from your them, you follow the instructions. You expect to be handed the keys at the end of the day, only to discover that you have been scammed and your entire down payment has vanished into the hands of an inv...

August 7th, 2019 | Mortgage Basics, Mortgage News, How to Avoid Wire Fraud at Mortgage Closing

Fed Cuts Rate for the First Time in 11 Years

The Federal Reserve decided to lower its target interest rate to the range of 2% to 2.25%, down from a range of 2.25% to 2.50%. It is the first rate cut since December 2008, at the beginning of the Great Recession. The move was spurred by concerns about a slowing global economy. The Fed’s rate is tied to most other consumer credit interest rates and will likely put downward pressure on long-term mortgage rates.

August 5th, 2019 | Mortgage News, Fed Cuts Rate for the First Time in 11 Years

What’s More Important: Lower Home Prices or Mortgage Rates?

When buying a home, there are several factors that affect how much mortgage you can afford. Two of the most important are the property prices and current mortgage interest rates. Is it better to search for the absolute lowest rate or is it more helpful to choose a less-expensive home? Here’s how the two factors are related and how to make the right choice.   Mortgage Rate/Home Price Relationship Since higher mortgage rates make homebuying more expensive for buyers, you might think that home prices would tend to fall during high rate climates in order to compensate for those c...

July 31st, 2019 | Home Buying or Selling, Interest Rates, What’s More Important: Lower Home Prices or Mortgage Rates?

What is a Mortgage Servicer?

You recently closed on your mortgage loan and have been making your payments to your lender. Then one day, you get a letter in the mail informing you that your loan has been sold and you have a new mortgage servicer taking care of your loan. What does this mean and how does it affect your mortgage? Here’s what you need to know about mortgage servicers: It is very common for your lender to sell your loan soon after originating it. Many lenders and brokers do not have enough reserves to keep mortgage loans on their books. Instead they sell them to investors or government-backed enterpri...

July 24th, 2019 | Mortgage Basics, What is a Mortgage Servicer?

Benefits of Using a Utah Mortgage Broker

Shopping for a mortgage can be a frustrating ordeal, but you don’t have to do it alone. The one sure-fire way to reduce the amount of legwork needed to find a better deal for your mortgage is to hire the right Utah mortgage broker. A mortgage broker is a sort of matchmaker who wants to connect you to a lender who meets your specific needs. There are several reasons to hire a mortgage broker instead of going straight to the lender yourself. The following blog will offer you a little more insight.   Access to a Multitude of Loan Lenders When it comes to a broker, they have acce...

July 19th, 2019 | Saving Money, Mortgage Basics, Benefits of Using a Utah Mortgage Broker