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Nathan Pierce

Loan Officer

NMLS ID 12920

801-272-0600 nathan@advancedfunding.com

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Discount and Origination Points Explained

Do you know the difference between discount points and origination points? These are two important terms any home buyer should understand. Each type of point is equal to one percent of your total loan amount. For example, on a $200,000 loan, one point would be equivalent to $2,000. Discount and origination points, however, do different things. Origination points are paid to either the mortgage lender or mortgage broker for their services. Some mortgage companies in Salt Lake City charge origination fees in the form of a point, while others just charge a set amount for originating a ...

April 4th, 2018 | Refinance, Interest Rates, Home Buying or Selling, Mortgage Basics, Discount and Origination Points Explained

Make Your Offer Stand Out this Spring

Ready for the spring Utah home buying season? In today’s strong housing market, multiple offers are the norm in many areas. It’s definitely a seller’s market. Here are some things to keep in mind as you get ready to make an offer on a property: Think twice about making lowball offers. It’s an enduring myth among home buyers: Many people think the only way to make an offer on a home is by making a lowball offer and work up from there to get the best deal possible. But in reality, lowball offers aren’t as effective as you might think unless the property has ...

March 21st, 2018 | Home Buying or Selling, Make Your Offer Stand Out this Spring

The Cost of Waiting to Buy a Home

Thinking of waiting another year or two to buy a home? If home prices and Utah mortgage rates increase in the next year or two, home buyers in Utah could end up with significantly less buying power than they have today. Today’s mortgage rates are near historic lows. But they aren’t expected to stay that way. Various housing groups and economists are predicting mortgage rates will rise to between 4.5% and 5% by the end of the year. The National Association of Realtors also is expecting home prices to increase in 2018 by an average of 3.2 percent nationally, with the ...

March 7th, 2018 | Home Buying or Selling, The Cost of Waiting to Buy a Home

Your Tax Refund Could Help You Purchase a Home

Are you getting a tax refund this year? According to the IRS, the average U.S. tax refund is more than $3,000. While big tax refunds make it a popular time of year to purchase big-ticket items such as large-screen television sets, we’d like to remind you of another use for that money: As a down payment on a Utah home. If you’ve already saved some money toward a down payment, your tax refund could help boost your down payment fund. Haven’t started saving yet? This year’s refund can also help you jump-start a down payment savings account towards your new home in Salt L...

February 26th, 2018 | Home Buying or Selling, Your Tax Refund Could Help You Purchase a Home

Closing on Your First Home

Have an appointment with a title company to close on the purchase of your home? Here’s what you’ll need to bring with you on that big day: Money:  At closing, you’ll be paying for your share of the closing costs and any down payment. Since cash and a personal check won’t do, you’ll need to bring a certified check or cashier’s check up to $9,999, if you are required to bring in $10,000 or more Utah law requires you wire your funds to the title company. You’ll get the amount you need to bring or wire a few days before closing. Be Ready to...

November 6th, 2017 | First-time Homebuyers, Home Buying or Selling, Closing on Your First Home

Your Home Buying Team

Buying your first home? Here are three real estate professionals who will play a big role in your leap from renting to owning your own Utah home:   Mortgage Loan Officer and Utah Mortgage Broker Before you look at a single home, you should get pre-approved for financing from a reputable mortgage company. Once you’re pre-approved, you can begin your home search. By visiting with a mortgage broker first, you’ll know how much home you can reasonably afford and you’ll be able to make legitimate offers on any homes that meet your criteria.   Real Estate A...

September 23rd, 2017 | Home Buying or Selling, Your Home Buying Team