801-272-0600
nathan@advancedfunding.com
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Nathan Pierce

Loan Officer

NMLS ID 12920

801-272-0600 nathan@advancedfunding.com

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Home Appraisal FAQs

A home appraisal is an important part of the home-buying process. If you're ready for this step, you may have some questions about what happens.   What is a home appraisal? A home appraisal is a professional evaluation of the value of a property. It's typically conducted by a licensed, certified professional. The appraiser is an unbiased individual with the necessary knowledge and experience to determine the fair current value of a home.   Who pays for a home appraisal? A home appraisal that's conducted as part of the home buying process is typically paid fo...

March 19th, 2019 | Mortgage Basics, Home Appraisal FAQs

5 Things to Do After Your Mortgage Closes

After sitting down at the mortgage closing table to sign all the paperwork, you get the keys and can breathe a sigh of relief. But before you tuck all those mortgage papers away for good, there are at least five things you still need to do after closing to make sure everything is on track.   1. Figure Out the Date of the First Mortgage Payment Your mortgage broker or title company should have let you know this important fact before or at closing, but with so many papers and numbers being thrown at you, it might get missed. Your escrow account often requires enough money f...

March 13th, 2019 | Mortgage Basics, Homeowner Tips, 5 Things to Do After Your Mortgage Closes

Should I Refinance? Costs and Benefits of a Utah Refinance

Your mortgage can be a very powerful financial tool that can help you in a variety of situations. The major way you take advantage of the built-up equity and other financial power is by refinancing your home. But when should you do it? Are there any downsides? The answers to these questions really depend on your goals and what you hope to get out of the Utah refinance. In this post, we’ll go over several scenarios where you might refinance and how to determine if it’s right for you.   Why Should I Refinance My Mortgage? There are a lot of reasons you might ...

March 12th, 2019 | Refinance, Should I Refinance? Costs and Benefits of a Utah Refinance

4 Ways to Lower Your Mortgage Payment

Your home is probably your largest asset and your mortgage payment is more than likely one of your largest expenses each month. When looking at these numbers do you feel like your monthly mortgage payment is too high? If so, here’s a few ways to lower your monthly payment on your house.   Remove Private Mortgage Insurance (PMI) Home values have risen dramatically over the past few years. If your original down payment was less than 20%, you’re probably paying PMI. Your home could have enough equity to refinance and remove your monthly PMI payments which could save y...

March 10th, 2019 | Refinance, Saving Money, 4 Ways to Lower Your Mortgage Payment

Euro Pain, US Bonds Gain

"It's a small world after all" If inflation moves lower or is expected to move lower - rates must go lower as well. That's the situation right now. The financial markets and interest rates also follow inflation on a global scale. Why is this important to homeowners? If disinflation or the rate of inflation moderates in places like Europe, interest rates in those countries move lower and tend to drag US interest rates lower as well. This past week we watched home loan rates revisit one-year lows upon news that the European Central Bank or ECB downgraded their ...

March 8th, 2019 | Mortgage News, Euro Pain, US Bonds Gain

How Does My Credit Score Affect My Mortgage Rate?

How much you will pay for a mortgage loan and even whether you can qualify for a mortgage will have a lot to do with your credit score. Higher credit scores will help you get the best terms possible while lower scores could keep you from your dream of homeownership. Lower scores can also impact your mortgage interest rate.   What Makes Up a Credit Score? Most lenders use FICO scores to determine creditworthiness. These are three-digit numbers put together using data from the Fair Isaac Co. that are supposed to determine the likelihood of you keeping up with your financial obligatio...

March 6th, 2019 | Interest Rates, Credit and Debt, How Does My Credit Score Affect My Mortgage Rate?