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Nathan Pierce

Loan Officer

NMLS ID 12920

801-272-0600 nathan@advancedfunding.com

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4 Ways to Lower Your Mortgage Payment

Your home is probably your largest asset and your mortgage payment is more than likely one of your largest expenses each month. When looking at these numbers do you feel like your monthly mortgage payment is too high? If so, here’s a few ways to lower your monthly payment on your house.   Remove Private Mortgage Insurance (PMI) Home values have risen dramatically over the past few years. If your original down payment was less than 20%, you’re probably paying PMI. Your home could have enough equity to refinance and remove your monthly PMI payments which could save y...

March 10th, 2019 | Refinance, Saving Money, 4 Ways to Lower Your Mortgage Payment

Should I Choose a Cash-Out Refinance or HELOC?

When you need a chunk of cash for a project, your home may be the best source of funding. Fortunately, you do not need to sell your home to take advantage of your equity. There are two popular and practical ways to pull cash out of your home: a cash-out refinance mortgage and a home equity line of credit (HELOC).   Cash-Out Refi’s A cash-out refinance loan replaces your existing mortgage with a new, larger loan, allowing you to take out cash in exchange for some of your existing equity. Lenders typically cap your cash-out refi at 80% of the home’s value. For example, le...

February 20th, 2019 | Refinance, Saving Money, Should I Choose a Cash-Out Refinance or HELOC?

Financial Mistakes to Avoid When Building Wealth

Financial success stories can be incredibly motivating. When we read an article or hear an interview about someone who went from zero to millionaire, it instills a sense of hope for achieving our own financial goals. With the blessing of hindsight in our favor, here are the financial pitfalls that were common among many money masters.   Spending Without a Plan By living for today and not planning for tomorrow, we’re letting our money control us instead of the other way around. This can happen when we live without a monthly budget and spend our money haphazardly. If we&r...

January 5th, 2019 | Saving Money, Financial Mistakes to Avoid When Building Wealth

How to Save Money on the Things You Love the Most

What’s the one thing you love the most? Is it your favorite pair of shoes that you dream about on your way home from work? Or maybe it’s your grande Starbucks one pump vanilla caramel macchiato? No matter what you’re passionate about, these things can be expensive. Including your favorite items and subscriptions in your budget can become very challenging if you aren’t careful. For example, a daily trip to Starbucks for your one pump vanilla caramel macchiato and an occasional gluten-free ham and egg sandwich will cost you an average of $5 – $10 per...

December 31st, 2018 | Saving Money, How to Save Money on the Things You Love the Most

Using Your Home Equity to Consolidate Debt

When interest rates increase borrowing money becomes more expensive for all sorts of things, including homes. Although this makes it more expensive to buy big-ticket items, it’s not all bad. As interest rates rise, the interest rates on your money that you save also tend to increase, making the money you do have worth more. If the money you have is worth more, it stands to reason you don’t want to keep spending a bunch of it paying off credit cards and other debts at a high rate of interest. And although interest rates might be going up, so are home values. This...

December 20th, 2018 | Refinance, Saving Money, Using Your Home Equity to Consolidate Debt

Should I Roll My Student Loans into My Mortgage?

Americans owe more today in student loans than ever before and student debt is continuing to rise. As these borrowers start into their careers and become homeowners, they may have the opportunity to consolidate their student loan debts with their home loan. If this sounds intriguing to you, here’s what you need to know before talking to your mortgage broker:   How Does Consolidation Work? If you have enough equity in your home, you can refinance to pull cash out and pay off all your student loans. This means that both debts will now all be paid off together through your month...

September 26th, 2018 | Refinance, Credit and Debt, Saving Money, Should I Roll My Student Loans into My Mortgage?