801-272-0600
nathan@advancedfunding.com
Apply Now
Secure Doc Upload

Advanced Funding Logo

Nathan Pierce

Loan Officer

NMLS ID 12920

801-272-0600 nathan@advancedfunding.com

Blog

 

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

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?

Top 4 Reasons You Should Get a VA Loan

If you are a military veteran or are currently serving active-duty, there is an incredible mortgage loan available to you through the Department of Veterans Affairs – the VA loan. VA mortgages are made through regular lenders but backed by the Department of Veteran Affairs, reducing the risk to the lenders themselves. Here are the top 4 reasons you should look into buying a home with a VA loan:   Lower Interest Rates VA mortgage loans were designed to give veterans a leg-up in the home buying process as a way to thank them for their service. One of the loan perks is that the ...

August 1st, 2018 | VA Loans, Loan Programs, Top 4 Reasons You Should Get a VA Loan

Can I Qualify for an FHA Loan?

FHA loans (those sponsored by the Federal Housing Administration) are mortgages that allow low down payments and have relaxed credit score requirements, making them very popular with first-time homebuyers and those with less-than-perfect credit. If you think an FHA loan might fit your needs, the first step is to determine if you can qualify. Here are the basic requirements:    Credit Score and Down Payment Requirements for FHA Loans Credit score and down payment requirements are tied together under FHA loans. For those who have a FICO credit score of 580 or higher, the minimum...

July 25th, 2018 | FHA Loans, First-time Homebuyers, Loan Programs, Can I Qualify for an FHA Loan?

What's the Difference Between FHA Loans and Conventional Mortgages?

If you are just getting started in the home buying process, you have probably come across several different types of Utah mortgage loans as you have researched your options. Two of the most common home loan types are conventional and FHA mortgages. What are the differences between them and when does each make the most sense?   FHA Loans FHA or Federal Housing Administration, loans are government-insurance programs that make it easier for Americans without great credit or large down payments to become homeowners. When a borrower is approved for an FHA loan with an approved...

July 11th, 2018 | FHA Loans, Conventional Loans, Loan Programs, Mortgage Basics, What's the Difference Between FHA Loans and Conventional Mortgages?

VA Home Loan Program: It’s Flexible

The VA home loan program has many benefits. One you may not know about: There’s no specific waiting period after a short sale to apply for a VA loan. Other home loan programs have waiting periods of three or more years after a short sale to apply for another Utah mortgage. A short sale is when you sell your home for less than the balance remaining on your mortgage. Short sales can provide a way for families with real estate issues to get a fresh start and avoid foreclosure. But selling your home via a short sale can make purchasing another home right away difficult. The VA home loa...

September 29th, 2017 | VA Loans, Loan Programs, VA Home Loan Program: It’s Flexible