logan: Logan Utah Real Estate: 3 Reasons to put as little down as possible on your home - 09/01/09 12:34 PM
The majority of first time home buyers that I have worked with over the last few years haven't had much of a choice with the size of their down payment. They usually only had enough for the minimum, which is 3.5% on an FHA loan or no down payment on a Rural Housing … (0 comments)
|
logan: Logan Utah Real Estate - Preparing to get a mortgage - 08/26/09 11:10 AM
If you are looking to purchase a home and you need to get a mortgage, there are a few things that you can do to help prepare yourself to be able to qualify. A mortgage is a big commitment and every lender wants to make sure that you are able to … (0 comments)
|
logan: Logan Utah Real Estate -Mortgage Rate Update - 08/25/09 05:56 PM
08/25/2009 30 year fixed conventional 5.0% (APR 5.167%) 15 year fixed conventional 4.5% (4.644%). www.loganutahmortgages.com
… (0 comments)
|
logan: Logan Utah Real Estate - Mortgage Rate Update 8/20/2009 - 08/20/09 11:35 AM
30 year fixed 5.0% (APR 5.133%) 15 year fixed 4.5% (APR 4.649%)
… (0 comments)
|
logan: Buying a duplex in Logan, Utah? Here are your financing options... - 08/16/09 11:31 PM
Lately, I have been getting more and more questions from borrowers about their mortgage options for a duplex, triplex, or fourplex (owner occupied); and I think I know why...it's a no-brainer! I've even considered buying one myself. Think of the advantages...
- You get help with the mortgage payments and … (2 comments)
|
logan: Deadline for $8,000 tax credit for First Time Homebuyers - 08/11/09 04:59 PM
The Deadline for the $8,000 tax credit is technically midnight of November 30th, 2009 but the deadline for when a buyer needs to start the loan application is much sooner than that.
With the new MDIA law, which enforces rules for the time that borrowers must have to review disclosures before … (0 comments)
|
logan: Logan Utah Real Estate - Mortgages: How do I increase my credit score? - 08/10/09 12:07 PM
If you are looking to purchase a home and get a mortgage, your credit score may be the difference in obtaining a decent interest rate and/or being able to get a loan at all.
If you are looking to get an FHA loan you will need at least a 620 credit … (0 comments)
|
logan: Logan Utah Real Estate: Watch Out for these Red Flags when shopping for an FHA Loan! - 07/30/09 03:32 PM
Even with the recent changes in the mortgage industry and the added transparency of the fees associated with a loan, there are still some things that every borrower needs to be aware of when shopping for an FHA loan. Like it or not, not every loan officer has the borrowers' best interest … (0 comments)
|
logan: Logan Utah Real Estate -Mortgages: Program of the Week - 07/27/09 12:50 PM
The "Kiddie Condo" FHA loan program is a great way for young adults, students, and first time homebuyers to purchase a home. This program allows someone to co-sign with a blood relative (i.e parent, grandparent, sibling, etc.) who would help them qualify for the loan with their income or assets. This … (0 comments)
|
logan: Logan Utah Real Estate - Mortage Rate Update - 07/23/09 02:15 PM
7/23/2009 30 year fixed 5.125% (APR 5.199%) 0 points, 15 year fixed 4.625% (4.722%) 0 points.
www.LoganUtahMortgages.com
… (0 comments)
|
logan: Logan Utah Real Estate- Mortgages: HERA Mortgage Disclosure Improvement Act - 07/21/09 11:04 AM
HERA Mortgage Disclosure Improvement Act- Taking effect July 30th, 2009
The motive behind this new law is to help ensure that the home financing process is transparent. The goal is to help prevent deceptive lending practices and to make sure that the borrower is provided with enough details and time to … (0 comments)
|
logan: Logan Utah Real Estate - Mortgages: New website! - 07/20/09 10:50 AM
A realtor friend of mine, Kaleb Kunz, www.realestateinloganutah.com, introduced me to this awesome website, www.weebly.com, where you can set up a website for free. It is extremely user friendly and you don't have to be an internet genius to do it. I just recently set up my website, www.loganutahmortgages.com, and I … (0 comments)
|
logan: Logan Utah Real Estate- Mortgage Rate Update - 07/17/09 01:26 PM
7/17/2009
Watch for disount points to increase a little bit today. 30 year fixed 5.375% (APR 5.424%), 15 year fixed 4.75% (APR 4.844%)
Interest Rates are still amazingly low. Let's buy some houses people!
www.loganutahmortgages.com
… (0 comments)
|
logan: Logan Utah Real Estate- Mortage Rate Update - 07/16/09 12:04 PM
Mortgage Rate Update for 7/16/2009
Interest Rates came back down a little bit today following the yield on the 10 year bond this morning. 30 year fixed rates are hovering around 5.25% with 0 discount points (APR 5.345%) and 15 year fixed rates came down to around 4.625% with 0 discount … (0 comments)
|
logan: Logan Utah Real Estate- Mortgage Rate Update - 07/15/09 01:47 PM
07/15/2009... 30 year fixed mortgage 5.375% (5.424 APR), 15 year fixed 4.75% (4.835 APR)
www.loganutahmortgages.com
… (0 comments)
|
logan: Logan Utah Real Estate - Mortgages: The future of Brokers - 07/14/09 05:02 PM
Within the past year there has been quite a lot of talk about the future of the mortgage broker. I've read a half of dozen articles by authors that think the mortgage broker will soon go the way of the buffalo. And recently a colleague of mine quit his job as … (0 comments)
|
logan: Logan Utah Real Estate - Mortgages: "Should I lock or float?" - 06/30/09 03:37 PM
I believe that one of the worst things a loan officer can do is advise a borrower whether to lock or float. The loan officer that participates in this practice will almost always lose. Sure they might guess correctly a few times but ultimately this practice will come back to bite … (0 comments)
|
logan: Thank goodness for FHA! - 04/01/09 04:11 PM
I really don't think I would be a loan officer right now if it weren't for FHA. With conventional guidelines having tightened so much, we are turning more and more to FHA to help borrowers. Unlike conventional, FHA has no minimum credit score (although most every lender has a adopted a … (1 comments)
|
logan: What is a No-Cost Refinance? - 01/29/09 03:47 PM
A "no-cost refinance" is one in which the loan officer pays for the borrower's closing costs with a portion of the rebate, or yield spread premium, that he receives from the lender. What this means for the borrower is usually a higher interest rate. And so the term "no-cost" is a … (0 comments)
|
logan: When does it make sense to refinance? - 12/16/08 05:05 PM
I have heard some people say that you have to improve your interest rate by a full percent to make it worth it. Others say a 1/2 percent is enough to make it worth it. The fact of the matter is that there is more to it than just the percentage … (1 comments)
|
;)
;)
