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Cash-Out Refinance Loan vs. Home Equity Line of Credit
Are you looking to borrow against the equity in your Utah home? You could go for a cash-out refinance loan, which replaces your current mortgage with a larger home loan and provide ...
What a Utah Mortgage Broker Can Do for You
You’re ready to become a homeowner, so you’re looking for financing – and working with a mortgage broker is to your benefit. How so? What does a mortgage broker bring to the ...
How Do You Qualify for a Jumbo Home Loan?
If the house of your dreams is in an expensive area, you may need a jumbo home loan to become the owner. Federally-backed mortgage companies only guarantee loans that are under a c ...
What Is a Graduated Payment Mortgage?
Many people believe that home loans fall into one of two major categories — they’re either fixed-rate mortgages or adjustable-rate mortgages. And while that’s not inaccur ...
Can You Use an FHA Loan to Buy a Foreclosed Home?
FHA loans, which are guaranteed by the Federal Housing Administration, can be used to buy almost any type of home in Utah. And yes, that includes properties that are in foreclosure ...
Pros and Cons of Making a 20% Mortgage Down Payment
Think you need at least a 20 percent mortgage down payment in order to buy a home? Saving up a minimum of 20 percent of the purchase price of the home used to be the rule of thumb, ...
Home Loan Glossary — Easy Explanations for Mortgage Jargon
When you consult with a mortgage broker about home loans, you may hear terms that are unfamiliar. If that happens, speak up – don’t be afraid to ask for an explanation. You wou ...