Salt Lake City Home Loans

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Mortgage and Lending NMLS #: 134614

Salt Lake City Home Loans, Your guide to various mortgages and loans offered in the Salt Lake City area.  

The most popular of all Mortgages near Salt Lake City are Conventional Fixed Rate Mortgages. Conventional Fixed Rate Mortgages (or "FRM" for short) offer constant interest rate for the entire life of the loan and monthly payments remain constant. Usually this loan requires a 20% down payment, but it is not always required! Terms of this mortgage range from 10-40 years.

Adjustable Rate Mortgages or "ARM" (cool acronym, huh?) are ever-changing. Hence the name 'adjustable rate'. The interest rate you pay changes as the market changes. It is recalculated on a yearly basis. This means your monthly payment changes with the interest rate. Usually, the interest rate is lower than what you'd pay for a FRM, but the price can fly higher depending on the market. For a more in-depth look into how ARM works click here.

The last of the mortgages I will talk about are FHA Mortgage Loans. These loans are private loans that the federal government has insured and stamped for approval. These are for those who can't pay that 20% down that is generally required by the FRM loan. Instead, you pay 3% down and pay higher monthly payments. 

These are three of the most popular types of Mortgages in the Salt Lake City Area. However, there are many more options out there for you! If you want to read more about any of the above loans or the various other options including refinancing go to this address: http://www.spencerstott.com/loan-programs/.

Navigating the sea of different mortgage and finance options is hard. That's why I'm going to tell you the most useful thing you can do when trying to figure it all out. 

The most important part of looking into Salt Lake City Area Mortgages is talking with a local mortgage lender you can trust. Feel free to call or contact us anytime or visit our website at spencerstott.com

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Topic:
Mortgage / Finance
Location:
Utah Salt Lake County Salt Lake City
Groups:
Active Rain Newbies
Realtors®
Tags:
salt lake city mortgages
mortgage
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Ambassador
1,709,615
Dale Baker
Baker Energy Audits and Commercial Properties Inspections - Claremont, NH
New Hampshire Relocation Real Estate Information
Howdy and evening Spencer
 
This here missed placed Missourian sure does wants to say
Welcome to the ActiveRain Real Estate blogging community! You'll sure find a lot of mighty fine folks here in the community to get to know. I'm one of the many ActiveRain community members which are an ActiveRain Ambassador.
 
If you should ever have any questions about how to do anything or about the rules of the ActiveRain community, please feel free to contact me either by sending me a e-mail or by giving me a call, I'll sure be mighty glad to give you a helping hand. If for some reason I don't know the answer to a question which you might have, I'll sure will find out the answer and get back to you with the right answer.
 
Take the time to look at the different groups within the community, pick some different groups to join, post your blog posts in them, be sure to take the time to read the posting guidelines of each group you might want to join, folks sure will want to follow them. Members can join as many or as few of the different groups within the community as they would like to. Members are able to post their blog posts in 5 different groups at a time.
 
Keep up your mighty fine job of posting! I'll be looking forward to seeing even more blog posts written and posted by you, plus seeing you join some of the mighty fine groups in the AR community.
 
Have a good one
Dale in New Hampshire
Aug 09, 2013 09:11 AM #1
Ambassador
2,140,265
Todd Clark
eXp Realty LLC - Tigard, OR
Principle Broker Oregon

Welcome to Activerain and I hope you are learning a lot and if you ever need any assistance, don't hesitate to check out my blog, email me, call me, I will be glad to help you in any way possible. Also, check out the main page of Activerain and look for the Activerain University tab, there are lots of educational webinars to help you build your business.

Aug 09, 2013 03:56 PM #2
Rainmaker
560,297
Ken's Home Team LLC. | 360.609.0226 | Portland, OR & Vancouver, WA Real Estate Team
Ken's Home Team LLC. - Vancouver, WA
- SOLD IS OUR FAVORITE 4 LETTER WORD -

Welcome to Activerain from from all of us at Ken's Home Team. I think you will find this site to be a wealth of knowledge and referrals. This really is the best real estate blogging and real estate network on the internet. If you have any questions about Activerain, reach out to the wonderful Ambassadors here in the rain. (They are a wealth of knowledge and were picked by the Activerain staff for their willingness to help others

Aug 09, 2013 03:59 PM #3
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Spencer Stott

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