Debi Copfer's (dcopfer) Blog

Mortgage and Lending - Pre-Approval, First Time Buyer, Fixed Rates
  But I want to look at the house before I get pre-approved….just in case I don’t like it…   How many times has a Real Estate Agent listed a home and then gets a call from a prospective buyer that goes something like this,     “Hi, this is Bob and I want to take a look at the house you have on Ke...
  The house I want to buy needs work or repairs that the Seller won’t or can’t pay for before I close.  What do I do?  FHA has the answer….203(k) Streamline loan.   Many times you find the perfect home at a great, well a really fantastic price, but it needs work.    You’ve gone back and forth wit...
Why does FHA keep changing their guidelines?  Just when we get used to the qualifying guidelines on an FHA loan, the guidelines change and then we have to start all over again. It was only just a couple of months ago that FHA only required a 3% down payment, now it's 3.5%.  Not that another half ...
Should you pay Discounts Points to buy your rate down?  That is just such a great question and the answer like all other mortgage questions is, it depends.  Now I know you don't especially like hearing "it depends" because that doesn't give you a clear cut answer. So let's explore the now technic...
Mortgage Insurance on Conventional loans, myth or fact in Salt Lake City? Mortgage insurance is that pesky extra amount of money you have to pay each month in your payment just because you didn't have enough money down. More money down you ask?  You just barely had enough money down to qualify fo...
If you are looking for a true 100% financing loan in Salt Lake City then Rural Housing is the loan for you.  Rural Housing or Rural Development is a USDA loan which is a government loan made through the United States Department of Agriculture. What branch of the government that gives you the loa...


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