Being able to purchase a home is often tied to how much of a down payment you have saved. If you have never bought a house before, you may not understand what a down payment is or why it is so important. Here are the basics you need to know as you save up
Jan 02, 2019 | Conventional Loans First-time Homebuyers VA Loans FHA Loans Interest Rates Home Buying or Selling
What is the Difference between a mortgage interest rate and an APR? Answer: An annual percentage rate (APR) reflects the mortgage interest rate plus other charges. There are costs associated with getting a mortgage loan in Utah. These in
Dec 05, 2018 | Interest Rates Mortgage Basics
Advertised Utah interest rates generally reflect the national average. What they may not reflect is your individual loan situation. Borrowers often believe, when they see a listing of “today’s mortgage rates,” that the listed rates ac
Nov 10, 2018 | Mortgage Basics Interest Rates
The majority of Utah home buyers sign up for 30-year fixed-rate mortgages (FRMs) – the staples of mortgage lending. And yet there is another option that may serve many borrowers better: the 15-year fixed-rate mortgage. Both loans include an interest
Nov 08, 2018 | Interest Rates Mortgage Basics
The amount of available home equity has recently hit all-time highs, meaning now is a great time to tap into your home’s value with a home equity line of credit (HELOC). These are revolving accounts that allow you to draw out money for anything from
Oct 17, 2018 | Interest Rates
Until the interest rate is locked, the credit you receive (or the price you pay) for an interest rate can change minute by minute. Once your interest rate is locked, as long as your loan closes within the allocated lock period, your interest rat
Oct 12, 2018 | Interest Rates Mortgage Basics
