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Nathan Pierce

Loan Officer

NMLS ID 12920

801-272-0600 nathan@advancedfunding.com

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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

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

The Benefits of a 203K Home Renovation Loan

Have you heard about the FHA 203K home renovation loan? This innovative loan program is designed to make it much easier to purchase a home in Salt Lake City that needs a lot of repair work or updating. With a 203K loan, home buyers are able to take out one loan for the purchase and improvement of a property. As with the popular FHA Utah home loan program, borrowers can make only a minimal downpayment. Another plus: With only one loan, there’s only one set of closing costs. And once the loan closes, the homeowner then has the funds to immediately begin repair or renovati...

April 5th, 2015 | FHA Loans, Loan Programs, Home Improvement, Home Buying or Selling, Refinance, The Benefits of a 203K Home Renovation Loan

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