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Nathan Pierce

Loan Officer

NMLS ID 12920

801-272-0600 nathan@advancedfunding.com



How to Calculate Your Debt-to-Income Ratio

When you are ready to apply for a mortgage loan, your mortgage broker will ask you for all sorts of financial information. One of the things lenders do with this data is to calculate your debt-to-income (DTI) ratio. A DTI ratio is one of the most basic methods lenders use to determine how much of a monthly mortgage payment you can afford. You can calculate this number before talking to a lender so that there will be no surprises about how much you might expect to borrow. First, total all your monthly liabilities – including the potential housing payment - and divide that number by you...

April 17th, 2019 | Mortgage Basics, Credit and Debt, How to Calculate Your Debt-to-Income Ratio

Adding a Patio: 4 Fun Ideas

Give your patio some color and zest this summer with these four fun ideas that everyone will love.   Add Colorful Hammocks Hammocks are a great way to relax, and they come in many different styles and sizes. Add a fun pop of color to your patio by hanging one or two hand-woven hammocks that have vividly colored fabric. Hammocks can be attached to existing poles, or they can be hung on a stand made of metal or wood.   Build a Pergola with Hand-Carved Posts Pergolas are a great way to bring shade to your patio. A pergola is built on a vertical post with a top made from so...

April 17th, 2019 | Lifestyle, Homeowner Tips, Home Improvement, Adding a Patio: 4 Fun Ideas

The Unemployment Line is Shortest in 50 Years

Initial Jobless Claims is a weekly report that tracks how many people have filed for unemployment benefits. It is both a solid gauge on the state of the labor market and economy and a leading indicator on what to expect in the months ahead. So, what are Initial Jobless Claims telling us today? Last week's 196,000 recorded was the lowest in over 50 years! This is what it's telling us: The labor market continues to strengthen. The chance of a recession in 2019 is near zero. Low Initial Jobless Claims also leads to continued higher wage gains, which is wonderful for consum...

April 12th, 2019 | Mortgage News, The Unemployment Line is Shortest in 50 Years

4 Simple Ways to Get - and Benefit from - Client Feedback

4 Simple Ways to Get - and Benefit from - Client Feedback These days, getting feedback from your clients is often just an email, web form or social media post away. Before feedback gets buried in your inbox or lost in your feed, grab it and grow from it. Here are four things you can do to get client feedback, deepen your relationships and boost your bottom line.   Seek out feedback everywhere. Your clients use your product or service more than you do. Benefit from their experiences. Start following customer discussion forums in your area of expertise, read support tickets, gathe...

April 12th, 2019 | Real Estate Agent Tools, 4 Simple Ways to Get - and Benefit from - Client Feedback

Can I Qualify for Down Payment Assistance?

One of the biggest obstacles to homeownership is coming up with enough money for a down payment. When your own savings are not adding up quickly enough and you don’t have a rich uncle to tap for an early inheritance, you may find some help in a down payment assistant programs.   Down Payment Assistance Programs Many state and local governments, as well as local lending institutions and non-profit organizations, have created down payment assistance programs because of their vested interest in helping residents and fellow community members become homeowners. Those who own homes...

April 10th, 2019 | Home Buying or Selling, Loan Programs, First-time Homebuyers, Can I Qualify for Down Payment Assistance?

March Non-Farm Payrolls Rebound

The Bureau of Labor Statistics reports that payroll growth rebounded in March after the weak reading in February. Non-Farm Payrolls rose 196,000 last month, above the 175,000 expected and above the 33,000 created in February. For January and February, upward revisions totaled 14,000. The Unemployment rate remained at 3.8%, near 50-year lows. Hourly earnings rose 3.2% year-over-year, down from 3.4% in February. Overall, a solid report with average job growth at 180,000 for the first three months of 2019.   Spring is the peak homebuying season for many parts of the country. After year...

April 5th, 2019 | Mortgage News, March Non-Farm Payrolls Rebound