Mortgage brokers and lenders love to see borrowers with consistent, steady incomes. But not all borrowers have jobs that send a paycheck every two weeks. Of course, there are plenty of self-employed entrepreneurs, but there are also people who depend on t
As the unemployment rate has continued to improve, more Americans, including Utahns, have been able to keep up on their mortgage payments, pushing the national foreclosure rate to its lowest point since 2006. According to data from CoreLogic, foreclo
Mortgage amortization is intimidating-sounding (the word “amortization” literally means “to kill off”) that has to do with paying off your home loan. While it can be kind of tricky to understand exactly what amortiza
Private Mortgage Insurance (PMI) is a type of insurance that most borrowers may be required to pay if they are not making a down payment of 20% or more. While you may think you understand the concept of insurance, if you have never bought a house before,
There’s a lot of unfamiliar, and often confusing, vocabulary in the mortgage process, and it’s important to know your terminology. If you’re looking to buy or refinance a home, it’s important to understand mortgage terms that may be used. What’s the diff
Americans owe more today in student loans than ever before and student debt is continuing to rise. As these borrowers start their careers and become homeowners, they may have the opportunity to consolidate their student loan debts with their home loans. I
