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nathan@advancedfunding.com
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Nathan Pierce

Loan Officer

NMLS ID 12920

801-272-0600 nathan@advancedfunding.com

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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?

4 Reasons You Don’t Want to Pay PMI

Years ago, a 20% down payment was a requirement for obtaining a Utah mortgage loan. Putting that much money down made it less likely that borrowers would simply default on their home loans and gave lenders a measure of security and collateral in the case of foreclosure. However, in more recent years, lenders have gotten much more creative in financing to help more Americans become homeowners. There are now mortgage loans that require as little as 3% down up front. In order to compensate for that added risk of loss, lenders require borrowers with a down payment of less than 20% to pay f...

June 7th, 2018 | Refinance, Home Buying or Selling, 4 Reasons You Don’t Want to Pay PMI

Understanding Your Loan Estimate

Buying or refinancing a home represents the largest financial transaction many of us will ever make. Therefore, it makes sense that you’d want to understand the details of the loan you’re getting. As part of your mortgage transaction, the Consumer Financial Protection Bureau (CFPB) requires that you receive a Loan Estimate at the beginning of your loan application process. Let’s look at the details of the Loan Estimate and discuss what you need to look for when applying for a new home loan.   Purpose and Timing of Your Loan Estimate Your Loan Estimate s...

June 6th, 2018 | Home Buying or Selling, Refinance, Mortgage Basics, Understanding Your Loan Estimate

Does Being Married Matter When You're Getting a Utah Mortgage

This post was originally published on Neighborhoods.com SARA WATSON - National Homeownership There’s an old-school order to things. Couple meets. Couple marries. Couple buys a house. Couple has kids. But this is 2018. As millennials are increasingly waiting to get married and have children, they may prefer to put a mortgage on it instead of a ring. In fact, a recent marriage and homebuying study from Coldwell Banker showed that one in four couples between ages 18-34 purchased a home together before they got married. When it comes to mortgage loans, howev...

April 20th, 2018 | Home Buying or Selling, Refinance, Mortgage Basics, Lifestyle, Family, Does Being Married Matter When You're Getting a Utah Mortgage

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