Logan Utah Real Estate Mortgages

I found the following article about mortgage insurance alternatives on the website MortgagesExplained.net. I received permission from the author to post it. It is one of the most comprehensive articles that I have found on alternatives to mortgage insurance. If you are like most home owners you h...

I had one of the worst experiences of my career as a loan officer last month. I had been helping a first time home buyer purchase a short sale home for the past month. Everything had gone smoothly as the borrowers were very solid with good credit, a large down payment, and a stable job. The closi...

I came across a new website the other day called RefinanceMortgageDebt.com and I thought that it deserved a mention. This website has tons of information about refinancing and goes into specific detail about the mortgage programs available to the public for refinancing their mortgage. It discusse...

Even though interest rates have come up in recent weeks, there are still many borrowers for whom it may still make sens to refinance. Thus, I write this blog post for those that are late to the party but haven't missed the boat entirely. When it comes to refinancing your home there are some thing...

Mortgage Rates held steady today with not much movement in the bond market. Historically speaking, mortgage rates are still very low. Here are a few examples... 30 year fixed conventional 4.625% (APR 4.766%)15 year fixed conventional 3.875% (APR 3.987%)5/1 ARM conventional 3.5% (APR 3.445%) FHA 3...

Recently, the Rural Housing mortgage program received more government funding. The purpose of this article is to highlight several of the wonderful benefits of the Rural Housing Loan for Cache Valley and some of the surrounding areas of Logan, Utah. The Rural Housing Loan allows 100% financing. T...

Every time I do a loan application with a client I have to bring up the topic of locking or floating their interest rate. I ask them, "Do you want to lock in this rate or would you like to see if rates go lower?" My response hasn't changed for the past couple of years now. I tell them that if the...

I am finding lately that some of my clients that may have bought a home a few years ago and are now buying a home again are stressing quite a bit about some of the "hurdles" that they have to go through to get a mortgage. I am trying to think of ways that I can prepare these people for the new wa...

Mortgage rates have been trending upwards for a couple of weeks now. I imagine it is a result of the weakness in the bond market lately. I imagine that this will continue if there are signs that the economy is improving and there is more fear of inflation in the market. Nevertheless, mortgage rat...

I came across an amazing mortgage loan program the other day that I think deserves a blog post. It's the Fannie Mae Home Path program, which is mortgage financing for properties that are owned by Fannie Mae. These are homes that Fannie Mae has repossessed due to people not making their mortgage p...