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Nathan Pierce

Loan Officer

NMLS ID 12920

801-272-0600 nathan@advancedfunding.com



Benefits of No Cost Mortgages

At Advanced Funding Home Mortgage Loans, it’s our mission to get you the best mortgage option for your situation. Our mortgage brokers are trained to spot the details that might make a certain type of mortgage or refinance more prudent for you and your family, and to guide you through every step of the loan process. One of the mortgage types that is often a good fit is a no-cost mortgage. This option is where closing cost and fees are paid by the mortgage company by rolling them into your interest rate and monthly payments, allowing you to get out the door for much less...

September 2nd, 2018 | Refinance, Home Buying or Selling, Saving Money, Loan Programs, Benefits of No Cost Mortgages

Homebuying Help: What is Escrow?

Buying a home is often the biggest purchase you make in your life. With all that money on the line, buyers and sellers AND mortgage lenders need a safe and secure way to make the transaction. In order to make sure the home sale and mortgage funds transfer take place properly, the lender will open an escrow account for you.   What is an Escrow Account? An escrow account is essentially a holding spot for all assets involved in a home sale, run by a third party who secures them until all terms and conditions of the sale are carried out. You as a buyer do not want to hand over hun...

August 29th, 2018 | Home Buying or Selling, Mortgage Basics, Homebuying Help: What is Escrow?

Is a Fixed Rate Mortgage or Adjustable Rate Mortgage Better for Me?

When you are in the market for a Utah mortgage, one of the many decisions you’ll have to make is whether to apply for a fixed-rate loan or an adjustable rate mortgage (ARM). Both can be beneficial, depending on your situation. Learning the difference between them can ensure you get the right product for your financial goals.   Fixed-Rate Mortgages Fixed-rate mortgages (FRMs) are just as their name suggests - a loan with a fixed mortgage rate, an interest rate that never changes over the course of the mortgage. The obvious benefit of this type of loan is that your monthly paym...

August 15th, 2018 | Refinance, Loan Programs, Home Buying or Selling, Interest Rates, Is a Fixed Rate Mortgage or Adjustable Rate Mortgage Better for Me?

How Much House Can I Afford?

When you are ready to buy a home, whether for the first time or the tenth, it is always important to know how much you can afford to spend. This will help you narrow your home search and ensure you do not get in over your head financially. There are several factors to consider when determining how much house you can afford.   Debt Ratios Mortgage brokers will evaluate your debts relative to your income. The standard rule of thumb for debt-to-income ratios is 28/36. The first number means lenders prefer that your total housing debt- including your new mortgage, taxes, HOA fees, priv...

August 8th, 2018 | First-time Homebuyers, Home Buying or Selling, How Much House Can I Afford?

Should I Pay Mortgage Points?

If you're buying a home or refinancing your Utah mortgage, you have probably heard about “mortgage points or discount points.” This form of pre-paid interest can save you thousands of dollars over the course of your loan but in many circumstances is not worth the upfront cost. How do you know whether to pay points or not? Here’s a quick guide to help you figure it out.   What are Mortgage Points? Mortgage points – also known as discount points - are essentially a way to pay some of the mortgage interest upfront on your home loan. One point is equal to 1%...

July 18th, 2018 | Interest Rates, Home Buying or Selling, Should I Pay Mortgage Points?

Homebuying Myths

The process of buying or selling a home can be very complex and there are a lot of homebuying myths that exist, especially if you are a first-time homebuyer. At Advanced Funding Home Mortgage Loans, we help make discern fact from fiction. Unfortunately, there is plenty of misinformation surrounding buying a home. Let’s examine a few of the more common myths that you may have heard.   Having a Real Estate Agent Recent studies have found that younger homebuyers in the market for a new home in Utah, don’t really understand what’s needed to facilitate the buyi...

July 1st, 2018 | First-time Homebuyers, Home Buying or Selling, Homebuying Myths