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Nathan Pierce

Loan Officer

NMLS ID 12920

801-272-0600 nathan@advancedfunding.com

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6 Listing Description Mistakes

While photos are key to painting an accurate portrait of a listing, descriptions are important too. Here are six common listing description mistakes and tips for how to fix them, so you can create listing copy that sells.  Spelling and Grammar Mistakes Attention to detail matters to homebuyers, and text errors can erode professional credibility. Spell check won't catch context errors (like "no grime area" instead of "no crime area"). Have someone else read your copy to help eliminate spelling and grammar mistakes. Poor Word Choice Avoid using jargon and...

November 1st, 2018 | Real Estate Agent Tools, Home Buying or Selling, 6 Listing Description Mistakes

How to Save for Your House Down Payment

Buying a home is a big step in life and a significant commitment. Most of us will need to secure financing, working with a Utah mortgage broker, to purchase a new home. For this step, a majority of programs require a down payment. A down payment for a home loan is the amount, in percentage, that you need to pay towards the total price of your desired home. With the right planning and realistic expectations, you can have the money you need for the down payment on for your new home.   Planning for Your House Down Payment The planning stage of the home buying process st...

October 23rd, 2018 | First-time Homebuyers, Home Buying or Selling, Loan Programs, How to Save for Your House Down Payment

How to Qualify for a Mortgage When Your Income Isn’t Steady

Mortgage brokers and lenders love to see borrowers with consistent, steady incomes. But not all borrowers have jobs that send a paycheck every two weeks. Of course, there are plenty of self-employed entrepreneurs, but there are also people who depend on tips for income, those who get paid by contract and also individuals who work per diem or on call. All of these situations can make it very challenging to provide proof of the steady income that mortgage lenders adore. Fortunately, those with more creative incomes can still qualify for a home loan and it is getting easier. For example, in re...

October 10th, 2018 | Home Buying or Selling, Refinance, How to Qualify for a Mortgage When Your Income Isn’t Steady

6 Facts About Private Mortgage Insurance

Private Mortgage Insurance (PMI) is a type of insurance that most borrowers may be required to pay if they are not making a down payment of 20% or more. While you may think you understand the concept of insurance, if you have never bought a house before, you may not realize that PMI is different than most types of insurance. Here are five PMI facts every buyer should know:   1. PMI Protects the Lender, Not the Buyer Most insurance is something you buy to protect yourself – your car, your home, your health, etc. PMI is something you pay for but it actually protects the lender,...

October 3rd, 2018 | Home Buying or Selling, Mortgage Basics, Refinance, 6 Facts About Private Mortgage Insurance

Should I Make a Bi-Weekly Mortgage Payment?

Many homeowners are eager to pay off or pay down their mortgages in order to save themselves money in interest charges. Many lenders have even anticipated this situation by offering buyers a bi-weekly payment program.   What is a Bi-Weekly Mortgage Payment? Most mortgages are paid once a month, making 12 payments every year. With a bi-weekly payment schedule, the monthly mortgage amount is split into two and paid every two weeks instead. Since there are 52 weeks in a year, this results in 26 half payments annually, totaling 13 whole payments. This means borrowers basically pay...

September 19th, 2018 | Refinance, Home Buying or Selling, Loan Programs, Saving Money, Should I Make a Bi-Weekly Mortgage Payment?

What is a Piggyback Mortgage?

In order to achieve the dream of homeownership, many buyers look for creative financing to aid them in their quest. One such option is a piggyback mortgage, which actually involves taking out two separate loans to make homeownership more affordable. These loans can be very helpful, but borrowers must know the risks in order to be successful.   Piggyback Definition Here’s how a piggyback mortgage works. You take out a traditional home loan for 80% of the home purchase price. You put down 10% of your own cash as a downpayment. Then in order to cover the remaining 10%, you take ...

September 12th, 2018 | First-time Homebuyers, Home Buying or Selling, What is a Piggyback Mortgage?