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.


Why Your Home Needs a Mudroom This Winter

It may not seem like it, but winter is already creeping in across the United States, including Utah. Some cities have already experienced snow flurries. Snow means that water, leaves, and all types of debris will get tracked into your home - the beautiful home that you spent so much time designing and cleaning. You need a mudroom. Mudrooms are great for preventing water and dirt from entering your home, but they also keep boots, coats, and other winter accessories in one location. You don't want to find a wet coat draped over a couch or a scarf on the kitchen table. When kids and adults...

November 10th, 2018 | Home Renovation, Home Owner Tips, Why Your Home Needs a Mudroom This Winter

Understanding Utah Interest Rates

Advertised Utah interest rates generally reflect the national average. What they may not reflect is your individual loan situation. Borrowers often believe, when they see a listing of “today’s mortgage rates,” that the listed rates accurately indicate what their home purchase or refinance loan will cost them. However, unless you obtain a personalized rate quote from a mortgage broker or mortgage lender, you have no way to accurately determine what your total borrowing costs will be.   How Mortgage Rates Affect Your Borrowing Costs In the mortgage industry, rate...

November 10th, 2018 | Interest Rates, Adjustable Rate Mortgages, Understanding Utah Interest Rates

Fed Sits as Congress Splits

"I'm on my way, I'm on my way home sweet home" - Home Sweet Home, Motley Crue Last Tuesday, many politicians went "home" after the midterm election results and the day ended with a split of power between the House and Senate. The markets and the Fed will now be watching to see if the split Congress can deliver a more fiscal policy or get caught in political gridlock. The latter would likely slow the pace of future Fed rate hikes. Speaking of the Fed, they met on Thursday and, as expected, didn't raise rates. However, they offered some good news to both ...

November 9th, 2018 | Mortgage News, Fed Sits as Congress Splits

30-Year Mortgages vs 15-Year Mortgages

The majority of Utah home buyers sign up for 30-year fixed-rate mortgages (FRMs) – the staples of mortgage lending. And yet there is another option that may serve many borrowers better: the 15-year fixed-rate mortgage. Both loans include an interest rate that does not change over the course of the loan but one is paid off twice as fast as the other. Both can be financially savvy in certain situations.   Payments If you are looking for the lowest monthly payment, a 30-year FRM beats the 15-year. That is because the loan principal balance is paid off twice as slowly than the 15...

November 8th, 2018 | Interest Rates, Conventional Loans, 30-Year Mortgages vs 15-Year Mortgages

Lead Follow-Up Strategies That Win Business

Lead-generation technology and consumer expectations have changed dramatically in recent years, making it even more critical for proper follow-up. Here are five strategies for optimizing your time-to-conversion and growing your income.    1. Categorize your leads based on timeframe and commitment level Timeframe: Likely to act in the next 60 days, 60 to 180 days, more than 180 days. Commitment Level: Casual browser, getting serious, ready to buy.   2. Stratify your leads based on the appropriate follow-up approach: Act Now: Timeframe in th...

November 7th, 2018 | Real Estate Agent Tools, Lead Follow-Up Strategies That Win Business

Two Sizzling Social Media Strategies

Social media can be a marketing boon, but coming up with ways to engage people isn't always easy. Below are two free and easy-to-implement ideas that will help you stand out from the crowd.   Educate Clients with a Private Facebook Group Build trust and add value by hosting a space around your primary niche or favorite real estate related topic. Private Facebook Groups are a by-invitation forum where consumers can experience your aptitude in action.  Choose a broad subject, such as building wealth through Utah real estate, investment properties, first-time hom...

November 7th, 2018 | Real Estate Agent Tools, Two Sizzling Social Media Strategies

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

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