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What Is a Graduated Payment Mortgage?

How can I lower my mortgage payments

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?

Utah FHA loans

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

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

Mortgage loan terms meanings

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?

Utah mortgage rates

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

Mortgage prequalification in Utah

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

Best Utah mortgage rate

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 ...