Mortgage Update

Today I look at the broader question of “Will Housing Prices Cancel Out Low Mortgage Rates?” I stumbled upon a great Realtor.com article that I’d like to share with you. This article covers the national economy and the real estate economy.

Why Is Homeownership so Affordable in 2015? Today I want to talk to you about the affordability of buying a home in today’s market. As we take a look at the Wasatch Front through the history books, let’s first examine the affordability of a home in 1989. In 1989, the average price of a home […]

What’s Going on With Interest Rates? Today I want to tell you the truth about interest rates and how they affect home sellers and buyers in the current market. Interest rates have been on the rise over the last couple of months, and we shouldn’t be surprised by this. In fact, most experts have been predicting […]

What Should You Know About TRID? Today, we’ll talk about the TRID Mortgage Disclosure Form, which affects both buyers and sellers. This new integrated disclosure rule is the Federal Government’s attempt to clean up and simplify the mortgage closing process. It helps make things easier to understand for buyers. The rule has a good basis, […]

What Is a Bridge Loan? What is a bridge loan? Bridge loans are popular when you are purchasing another home before selling your current one. In that scenario, there are two common ways to find the down payment for the new home. One way is financing through a bridge loan and the other is a […]

The real estate market is on a much stronger footing which will serve it well in any future recessions.

What Does Reduced Home Affordability Mean for You? Home affordability is shrinking rapidly, according to research by Arch Mortgage Insurance.  In the first quarter, affordability (defined as the size of the monthly mortgage payment needed to buy a home) dropped by 5%. This was mainly due to the increase in mortgage rates. As a consequence, more people […]

What Do Interest Rates Mean to You as a Buyer in Salt Lake County? Today, we’ll talk about what rising interest rates mean for you as a buyer in the Wasatch Front. We know that the Federal reserve Chairman, Janet Yellen, has increased the Federal Reserve rate. What we also learned at that time was […]

Did you know that an average home buyer is currently paying $83 per month for every $100k of loan they have on their home toward mortgage insurance?

FHA loans have the highest delinquency rates on record, going back to 1979.

This Is How Long a Pre-Approval Usually Lasts If you’re hoping to buy a home, it’s smart to ponder the question, “How long does a pre-approval last?” Even after you’ve received a lender’s stamp of approval for your financing, weeks or even months could pass before you actually buy a house. Will that pre-approval you […]

The Waiting Game: An $80,000 Mistake We saw housing prices gain north of 12% along the Wasatch Front and the state of Utah in 2020. That’s remarkable given the circumstances. We know that Utah currently has the lowest unemployment rate in the country. We’re #2 in terms of in-migration, or families relocating to work in […]

While renegotiating your mortgage loan with your lender may sound daunting, it’s important to act quickly to keep missed payments from getting out of hand.

Lock In Your Interest Rate With This Great New Program Interest rates are on an upward trajectory, but not everyone can take advantage of the low rates we have now. I’m joined today by Mandi Henriod of Intercap Lending, who shared with us a great way buyers can lock in current interest rates. Let’s say rates […]

How Will the FHA Guideline Changes Affect You? Today we’ve got a special guest joining us, Mandi Henriod of Veritas Funding who is going to talk to us about some guideline changes that are coming for FHA loans that you should be aware of. There are two things you really need to know about, and […]

How Will the Fed’s New Interest Rate Affect Home Mortgage Rates? What does the Federal Reserve cutting its target interest rate to near zero percent mean for mortgages? This is the second emergency rate cut in two weeks and brings the federal funds rate to between 0% and 0.25%. It’s designed to stimulate the economy […]

How Will Rising Interest Rates Affect Wasatch Front Home Values? Do rising interest rates affect home values on the Wasatch Front? The answer might surprise you. Many people are wondering whether they should sell now or wait until the spring season arrives. Here’s something to think about if you are asking yourself that question: when […]

How is COVID-19 Affecting the Mortgage Market? Today we want to talk about the mortgage market and how COVID is changing the mortgage landscape. JPMorgan Chase just announced that it has stopped accepted HELOC applications as of April 14th, 2020. Of course, they’re calling this a temporary pause. In addition to that, JPMorgan Chase is requiring 20% […]

Fannie Mae Assistance Options for Homeowners Impacted by COVID-19 Today we’re going to talk about Fannie Mae assistance options for homeowners impacted by COVID-19. A recent article put together by PRNewswire stated that Fannie Mae wants to help ensure families are given options in these uncertain times in the case of job loss, a reduction in work […]

Do You Qualify for the National Home Buyer Grant? Hey everyone, we are back on the Wasatch Front with a special guest today, Chris Van Leeuwen, who has access to a mortgage product that covers 100% financing, with a forgiving grant. We have invited Chris in to tell you about this grant today. The national […]

Buying a Salt Lake City Home With High Student Loan Debt Today I’m here with Jayson Kisselburg from Veritas Funding with some good news for those buying a home with a lot of student loan debt. Student loan debt in America is incredible, as college is not cheap. If you have a lot of student […]

Mandi Henriod with Intercap Lending explains in detail some things you need to be aware of if you’re going to purchase or refinance in the next 90-180 days.

This year, mortgage rates have been on a roller coaster ride, rising and falling amid inflationary pressures and economic uncertainty. And even the experts are divided when it comes to predicting where rates are headed next. This climate has been unsettling for some homebuyers and sellers. However, with proper planning, you can work toward qualifying […]

5 Tips for Becoming More Financially Responsible Do you want to improve your finances? Many do, but maybe you don’t know where to start.  Well, promoting your own financial health all starts with measuring some basic skills. First, learn how to budget. Budgets can be boring, but they are the cornerstone of financial responsibility. They can help […]

Remember that mortgage insurance benefits the lender