Utah Home Loans

As the federal home buyer tax credit nears its April 30 end-date, there’s a lot of would-be home buyers in Longwood still working to get under contract. A piece of advice for all of them : If your pre-qualification and/or pre-approval letter is more than 8 weeks old, it would be prudent to have ...

This is my CRAAP Meter. It's an easy formula to help you decide if your current client is a trip to the title company, or a waste of your time.... CRAAP Meter (word file) CRAAP Meter (PDF) Feel free to take my name off, put yours on, and send it to your Realtor friends and make you the SUPER-STAR...

The media has been reporting that the numbers of foreclosed homes and homes that are being listed as a Short Sale are increasing.  There are many reasons why there are more foreclosed homes today than yester-year, and I won’t go into that now. However, fact remains that if you stop paying your m...

Freddie Mac  is the largest purchaser of conforming loans in America.  They were established by congress in 1970 and have published the annual average interest rates since 1971. In 1971 the average 30 fixed rate mortgage was 7.55%. In 1972 it was 7.38% If you average the annual conforming 30 yea...

Effective April 5, 2010 new FHA loans will cost the borrower more. There are two fee’s the FHA loans have the Up Front Mortgage Insurance Premium (UFMIP) and the month premium. The UFMIP will now be 2.25%, this is up from the 1.75% for purchases and refinances, and 1.50% for FHA streamlines. The ...

A lot has been said about the Federal Housing Tax Credit. This is a great program that allows borrowers to get into homes. How it works: First time home buyers purchase a home before April 30, 2010 You get up to $8,000 depending of the value of your home. This video will help explain how this pro...

What's the Difference Between a Direct Lender and a Mortgage Broker? Both brokers and direct lenders work to get you approved for a loan that will fit your needs. Both mortgage brokers and direct lenders are regulated to protect the borrower from dishonest practices. Brokers and direct lenders ca...