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Nathan Pierce

Loan Officer

NMLS ID 12920

801-272-0600 nathan@advancedfunding.com

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Featured Chart - May New Home Sales Disappoint

May New Home Sales Disappoint Sales of new homes fell by nearly 8% in May from April by to an annual rate of 626,000 units, below the 683,000 expected. From May 2018 to May 2019, sales declined 3.7%. Inventories are now just above normal rates of 6 months, currently at 6.4 months. The median price of a new home sold in May was $308,000, 2.7% lower than a year ago. New home sales declined in the Northeast and West with gains seen in the Midwest and South.   Buy a New Home Inquire Now Vantage Production, LLC is the copyright owner or licensee of the content and/or information i...

June 25th, 2019 | Mortgage News, Featured Chart - May New Home Sales Disappoint

5 Tips for Buying an Investment Property in Utah

Adding real estate to your investment portfolio can be a great asset… if done correctly. Buying a property to flip or rent out has different mortgage requirements than a primary residence. There are always hidden costs that need to be anticipated as well. If you are interested in taking on an investment property in Utah, here are five tips for making it a successful venture.   1. Determine the Right Property Type and Area Picking the right property is crucial to your success. If you are buying a rental home, you need to decide what type of renters you want to attract. Find o...

June 19th, 2019 | Home Buying or Selling, Retirement, 5 Tips for Buying an Investment Property in Utah

How Do I Get Rid of Private Mortgage Insurance (PMI)?

Private mortgage insurance (PMI) is typically required by mortgage lenders when borrowers contribute less than 20% of the home’s value as a down payment. This insurance protects the lender, not the homebuyer. If the loan borrower defaults on the mortgage for any reason, the insurance will reimburse the lender up to 35% of the original loan amount. Homebuyers pay for the PMI premiums, either up front in a lump sum or built into their monthly mortgage payment. While PMI is helpful for allowing borrowers to become homeowners without saving up a full 20%, the premiums do add up over tim...

June 12th, 2019 | Conventional Loans, Saving Money, How Do I Get Rid of Private Mortgage Insurance (PMI)?

Another Week, Another Decline

"Let the Good Times Roll" - Good Times Roll by The Cars For the sixth consecutive week, home loan rates declined, once again fueled by the ongoing trade tensions between the US and China. However, the decline in rates was halted on the notion the Fed is likely to CUT rates soon. Huh? That's right - a couple of Federal Reserve members were speaking this week and suggested that the time might be right for a Fed rate cut. How come home loan rates didn't improve further upon news? When the Fed cuts or lowers rates, they can only lower the Fed Funds Rate, which is an...

June 11th, 2019 | Mortgage News, Another Week, Another Decline

Home Projects for the Family

Getting children involved in home projects can be a fun way to share time with your kids and still get the chores done. But how do you combine the two without pulling out your hair keeping kids from getting hurt or just making a mess? These home projects for the family offer kids a good time while also increasing the value of your home. Try a few of these and have some fun!   Painting Don’t throw in the drop-cloth before you even get started! Consider this – fresh paint ranks in the top three most important home improvements for 50% of real estate experts and ...

June 8th, 2019 | Family, Home Improvement, Homeowner Tips, Home Projects for the Family

Benefits to Mortgage Debt

In order to buy a house, most Americans, including Utahns, take on a mortgage loan. While debt is usually to be avoided if possible, when it comes to a mortgage there may actually be some financial benefits for borrowers.   Liquidity If you dump all your extra funds into paying off your mortgage, you may be in a tight spot if you face a financial emergency. Family deaths, divorce, and health traumas are just a few things that can quickly rack up enormous debts. If you do not have a sizable emergency save up and you have been sinking all disposable cash into your home, you may ...

June 5th, 2019 | Credit and Debt, Mortgage Basics, Benefits to Mortgage Debt