Buy a Home

BUYING a Home? | Utah Home Purchase

Buying a Home in Utah

A Utah home purchase is a big decision and should not be taken lightly.

Your situation and needs are unique, and choosing the right mortgage loan program is important. Working with a Utah mortgage broker, such as Advanced Funding Home Mortgage Loans will make the loan process simple and smooth.

At Advanced Funding Home Mortgage Loans we’re ready to find the right mortgage loan solution for your new home. Our staff of home purchase experts will help you evaluate your mortgage needs and draft a purchase plan with your situation in mind. As mortgage brokers, we will search several mortgage lenders to find the best mortgage rate available for your purchase mortgage needs.

Before You Make an Offer on a Home

Set Your Goals

Triangle Icon Are you ready to buy a house

Triangle Icon Determine how much you want to spend on a home

Triangle Icon Explore your mortgage loan options

Triangle Icon Get pre-approved for a mortgage loan

Are You Ready to Buy a Home?

Buying a house is a big commitment, often one of the biggest purchases you will make, so before you start shopping for a home and comparing mortgage rates, take some time and ask yourself the following questions:

Exploring Your Mortgage Options

Utah home purchase mortgages have several key elements that need to be considered when choosing a loan program. Understanding how these key pieces work will help so that we can structure a mortgage loan program that is suited for your situation.

Mortgage Loan Types

Rate Types

There are two kinds of mortgage rates – fixed rates and adjustable mortgage rates.

Loan Terms

The mortgage loan term is the length of the loan. Most common fixed rate mortgages are either a 30 year fixed rate or 15 year fixed rate, although you can choose any term between five and 30 years with Advanced Funding's Pick Your Term Mortgage. Adjustable rate mortgages in Salt Lake City typically have a 30 year loan term.

Mortgage Pre-Approval or Pre-Qualification

It can be tempting to start searching for a new home by browsing the internet or scoping out potential neighborhoods. But before you fall you find your dream house, you should get pre-approved. A mortgage approval from a Utah mortgage broker will help you estimate your monthly payment and understand what you can afford. Learn more about getting pre-approved for a Utah home purchase.

Ready to Get Pre-Approved for Your New Home?
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