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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 ...
Should You Lock in Your Home Mortgage Rate?
You want a home mortgage with the lowest possible interest rate. And if you’ve been following the financial news, you’ve seen that rates have been fluctuating during the corona ...
Don’t Make These Mistakes After Mortgage Pre-Approval
Once you secure a mortgage pre-approval, you can count on your home loan getting funded. Right? Most likely, yes – but if your credit conditions change, that might not be the cas ...
How to Shop for a Home Loan
Did you know that interest rates for home loans can vary widely from lender to lender? Shopping around – instead of relying on your existing banking relationships or taking the f ...
Can a Reverse Mortgage Provide You with a Source of Cash?
If the coronavirus pandemic is wreaking havoc on your budget, you’re not alone. A reverse mortgage could help you weather the storm without financial worries, but unfortunately, ...