Blog

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.

 

Have Home Loan Rates Found a Bottom?

"Yeah I'm Free, Free Fallin'"... Free Fallin" by Tom Petty The old adage of "Stocks go down, Home Loan Rates go down" didn't work this past week. Stocks started the week with the Dow Jones Industrial Average fallin' nearly 1,000 points through Tuesday. Typically, as Stocks decline, we see home loan rates improve as the investment dollars find their way into Bonds. That was not the case this week. Bonds and home loan rates hardly moved. Why? Despite the bad selloff in Stocks, nothing in the U.S. economy has changed, the labor market remains...

November 21st, 2018 | Mortgage News, Have Home Loan Rates Found a Bottom?

Happy Thanksgiving from Advanced Funding

Thanksgiving is a time to express gratitude to those who make a difference in our lives. Thank you for your continued support of our business; it’s always a pleasure to help you and your family with your mortgage.   All of us at Advanced Funding would like to wish you a safe and Happy Thanksgiving.   All the Best, Advanced Funding

November 21st, 2018 Happy Thanksgiving from Advanced Funding

Brexit Concerns, Strong Buck Helping Housing Market

"This ain't love, it's clear to see. But darling, stay with me"... Stay with me by Sam Smith It's clear to see there "ain't" much love in the process of the U.K. leaving the European Union (EU) in the so-called "Brexit." The long-awaited Brexit agreement was dealt a big blow this past Thursday when two top Brexit officials and four Jr Ministers quit - citing the deal Prime Minister Theresa May reached with the EU was no good. What does it mean for housing? The U.S. Dollar, U.S. Bonds, and home loan rates benefitted from the Brexit cha...

November 20th, 2018 | Mortgage News, Brexit Concerns, Strong Buck Helping Housing Market

Available Mortgage Credit Jumps to 10-Year High

After falling in September, the amount of available mortgage credit jumped to a new post-housing crisis high in October, according to the Mortgage Bankers Association. The MBA’s Mortgage Credit Availability Index rose to 186.7, up 2.5% from 182.1 in September and up from 181 a year ago. An increase in the index indicates a loosening of mortgage credit standards. The jump was likely in response to a pickup in demand among first-time homebuyers. This is good news for Utah homebuyers.

November 19th, 2018 | Mortgage News, Available Mortgage Credit Jumps to 10-Year High

Retail Sales Rebound Sharply in October 2018

As the holiday shopping season unfolds, retailers were giddy in October due in part to strong sales for motor vehicles and building materials. Retail Sales jumped 0.8 percent versus the 0.5 percent and up from 0.1 percent in September. It was the largest increase since May's gain of 1.2 percent. The Core rate rose 0.7 percent, above the 0.5 percent expected. Consumer spending accounts for more than two-thirds of U.S. economic activity.

November 15th, 2018 | Mortgage News, Retail Sales Rebound Sharply in October 2018

Jumbo Mortgage Loan Basics

The majority of homes around the country are purchased with the aid of traditional, conforming mortgage loans. Yet when home prices rise quickly, many markets have price tags that are too high for these standard loans. Enter the jumbo loan.   What is a Jumbo Loan? Jumbo mortgage loans are those that have a higher dollar amount than the limits set by Fannie Mae and Freddie Mac, the government-sponsored enterprises that buy up home loans and sell them on the secondary market. Since Fannie and Freddie are backed by the federal government, they create loan limits to minimize the r...

November 14th, 2018 | Jumbo Loans, Fixed Rate Mortgages, Purchasing a Home, Jumbo Mortgage Loan Basics

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

Better Business Bureau Seal

NMLS ID 13287 | Privacy Policy | Licensing | Employee