111, 2019

Do You Know How to Improve Your Credit Score?

November 1st, 2019|

Your credit score holds a lot of power over your life, but many people lack an understanding of their own credit score (and how to improve it), and not knowing the truth or believing some of the myths out there can significantly impact every part of your financial life. A credit score is a number that tells creditors how likely [...]

1810, 2019

Mortgage Recast or Refinance Loan – Which Option Is Best?

October 18th, 2019|

Are you looking to lower your monthly home loan payment? You can achieve that goal with a mortgage recast or a refinance loan. Plus, by recasting or refinancing your mortgage, you’ll also pay less in overall interest. To know which option would be your best financial move, you need to understand how they differ. Here, we explain how mortgage recasting [...]

1110, 2019

How VA Home Loans Compare to Conventional Mortgages

October 11th, 2019|

If you’re a veteran, an active-duty service member, reservist or military spouse, taking advantage of your VA home loan benefits may be a smart decision. Mortgages through the U.S. Department of Veterans Affairs come with several advantages that can make buying a home easier on you and your budget. However, no single financing solution is right for everyone – and [...]

410, 2019

How to Qualify for a Utah Investment Property Loan

October 4th, 2019|

Getting an investment property loan isn’t as easy as getting a home mortgage. Lenders have stricter requirements for real estate investors, so anyone looking to become a landlord needs to be in a strong financial position. Why the tighter lending standards? Simply put, investment loans are riskier for lenders, as rental properties have higher default rates than primary home mortgages. [...]

2009, 2019

Understanding New Home Construction Loans

September 20th, 2019|

Do you want to build a house? A new home construction loan can provide you with the funds you need. Unlike a standard home loan, which often comes with a 15-year or 30-year term, a construction loan has a much shorter lifespan – the term is usually a year or less, however long it takes for construction to be complete. [...]

1309, 2019

Mortgage Down Payments – How Much Do You Need to Buy a Home?

September 13th, 2019|

If you’re planning to take out a mortgage to buy a home, you will likely need a down payment. In other words, you will probably have to pay some cash upfront in order to get a home loan. How much money will you need to save up? Mortgage lenders often prefer 20 percent down payments, but you can buy a [...]