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Nathan Pierce

Loan Officer

NMLS ID 12920

801-272-0600 nathan@advancedfunding.com

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Title Insurance: A Must-Have for Home Buyers

If you are buying a Utah home, you are also entering the world of title insurance. That’s because buyers of a home are, in a sense, actually buyers of that home’s title — the paperwork that proves that the existing owners do in fact own the property, and have the clear right to sell it. According to experts, nearly one third of all title searches turns up a problem with the property’s title — a problem that has to be dealt with and resolved before any home sale can transaction can be completed. That’s where title insurance comes in. To establish a sell...

September 12th, 2017 | Mortgage Basics, Title Insurance: A Must-Have for Home Buyers

9 Mortgage Terms You Should Know

It’s like a different language, APR, Fannie Mae, FHA, Freddie Mac, CFPB, PMI, HELOC—you can get lost in the terms of the lending industry. Don’t worry. Your Utah mortgage broker can help you understand the ones relevant to your situation. But it’s a good idea to understand some basic terms that apply in many circumstances. Here are nine to get you started. Amortization Paying off principal (see below) over time. You normally pay off the principal in a mortgage loan over the loan’s term through a fixed schedule. Appraisal A written report by a qualif...

December 13th, 2015 | Mortgage Basics, 9 Mortgage Terms You Should Know

What Drives Utah Mortgage Rates?

When you’re buying a home or refinancing, Utah mortgage rates can often seem pretty mysterious. They can move up and down each day —sometimes changing several times in just one day!  Here’s why: Mortgage rates are highly dependent on economic news. In many cases, good news for the economy is often bad news for interest rates. Know those reports that the government issues each month to gauge economic activity? Each of those can affect mortgage rates. One of the most influential is the employment data released monthly by the Bureau of Labor Statistics. Mortgage rat...

May 20th, 2015 | Interest Rates, Mortgage Basics, What Drives Utah Mortgage Rates?

Things You Shouldn’t Do Before Applying for a Mortgage in Utah

If you’re getting ready to buy a home, there are a lot of things you should do, such as getting pre-approved for a Utah mortgage loan. But there are also a few things you don’t want to do. Change your job. Now is not the right time to become self-employed, to quit your job or to even switch jobs. Utah mortgage brokers want to see job stability, which means you’re less likely to default on your loan. Co-sign on a loan. Even if you’re not the one who will be making the payments on a loan, if you’re a co-signer, you’re financially responsible fo...

April 30th, 2015 | First-time Homebuyers, Mortgage Basics, Home Buying or Selling, Refinance, Things You Shouldn’t Do Before Applying for a Mortgage in Utah

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