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Is a Fixed-Rate Mortgage Right for You?
Fixed-rate mortgages are the preferred choice for both Utah homebuyers and homeowners looking to refinance. But is it your best home loan option? With this type of mortgage, your i ...
FHA Loans — Mortgage Insurance Premium Requirements
FHA loans come with several benefits, including low credit score and low down payment requirements. However, if you choose this form of financing, you must pay mortgage insurance p ...
How to Buy a Home in Utah with Bad Credit
Many Utah residents think it isn’t possible to buy a home with bad credit. Fortunately, this isn’t the case. You can achieve your goal of becoming a homeowner, despite having a ...
Understanding the 28/36 Utah Mortgage Rule
How much house can you afford to buy? The answer may be found by examining the 28/36 mortgage rule. According to the rule, you should spend no more than 28 percent of your gross mo ...
What Is an Interest-Only Mortgage Loan?
If the monthly payment you can get with a fixed-rate home loan isn’t as low as you’d like, an interest-only mortgage loan may seem enticing. Not having to pay down the ...
Home Loan Closing Costs Explained
With a conventional home loan, closing costs are to be expected – and if you’re like many homebuyers, you have questions about the expense. At Intercap Lending, our profess ...
Reasons to Consider an Adjustable-Rate Mortgage
With an adjustable-rate mortgage (ARM), the interest rate you’ll pay – and, therefore, the amount of your monthly home loan payment — can fluctuate based upon the market. ...