On July 27th, H.R. 4899, Supplemental Appropriations Act, 2010, passed in the U.S. House, and was signed by the President on July 29th. Contained in this legislation is the authority needed to raise the guarantee fee in the USDA Section 502 Utah Guaranteed Rural Housing Program to an amount not to exceed 3.50% (from 2.00%) [...]
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Do I Have To Sell Before I Buy?
Although every situation is unique, it is not uncommon for home buyers to qualify for a mortgage on a new home while still living in their primary residence. Perhaps you are outgrowing your current house, or have been forced to relocate due to a job transfer? Regardless of the motivation for keeping one property [...]
8 Questions Your Lender Should Answer About Mortgage Rates
Simply checking online for today’s posted rate may not lead to your expected outcome due to the many factors that can cause each individual rate and closing cost scenario to fluctuate. We can preach communication, service and education all day long, but it’s our ultimate goal to earn your trust so that you can be [...]
How Much Can I Afford?
How much mortgage money can I qualify to borrow? This is typically the number one question mortgage professionals are asked by new clients. Of critical importance when considering mortgage financing: There is sometimes a difference between what a client ***can*** borrow and what they ***should*** borrow. In other words, what makes for a comfortable long-term [...]
Seven Things Your Agent Should Know About Your Mortgage Approval
While many experienced real estate agents have a general understanding of the mortgage approval process, there are a few important details that frequently get overlooked which may cause a purchase to be delayed or denied. New regulation, updated disclosures, appraisal guidelines, mortgage rate pricing premiums, credit score, secondary approval layering, rescission deadlines, property type, HOA [...]
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Who Owns My Home If I Have A Mortgage?
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Top Mortgage Terms To Know
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Top 8 Things To Ask Your Lender During The Application Process
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Common Documents Required For A Mortgage Pre-Approval
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Calculating Loan-to-Value (LTV)
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Utah rural housing changes its guarantee fee
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Do I Have To Sell Before I Buy?
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Assembling Your Home Buying Team – Knowing The Players
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8 Questions Your Lender Should Answer About Mortgage Rates
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How Much Can I Afford?
