Archive | Mortgage

Utah County Grant funded for 2011

Utah County Loan to Own Grant / DPA Big news for a Utah County First Time Buyer Program! The Utah County Loan to Own program is now taking applications for their new federally funded first time homebuyers’ grant. For years the county commissioner has felt like the Utah state administrator was not giving Utah County […]

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USDA Rural Housing Refinance without appraisal

USDA Rural Housing Refinance A USDA Rural Housing refinance not requiring an appraisal may be the answer to reducing your overall mortgage payment. With the depreciation that has happened in Utah and across the country many homeowners are struggling to find a solution to refinancing their USDA mortgage. Most have tried however have been unsuccessful […]

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Low Credit Scores Will Cost You Even More Come April 2011

Fannie Mae is reconsidering the the risk involved in lending to homeowners with lower credit again. Almost across the board it will become more expensive for borrowers who do not have close to perfect credit. The expense will either come in the form of higher interest rates or higher closing costs. Both Fannie Mae and […]

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Utah County Loan to Own is back for 2011

It’s official– Utah County Loan to Own is back in action and they have money to give. The Utah County Consortium of Cities which includes Lehi, Lindon, Orem, Payson, Pleasant Grove, Spanish Fork, Springville and Unincorporated Utah County is ready to help you get into your first home! Almost the same stipulations apply for getting […]

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Jumbo Loan News

Are Jumbo mortgages making a comeback?

It wasn’t but a few months ago that Jumbo loans were a naughty word on the secondary market. It didn’t matter what type of equity or credit you had there was just not an appetite for investors to purchase these loans. We saw some million and multimillion dollar homes lose half their appraised value in […]

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Is it the end of your home mortgage interest deduction

75 Million Americans use the mortgage interest deduction to lower their tax obligations to the U.S. Government. It is the most widely used tax deduction in America and now Obama’s deficit commission is considering eliminating this option for all homeowners. The National Association of Realtors (NAR) is pushing hard to stop this proposal before it […]

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Mortgage rates again hit an all time low!

Mortgage rates once again reach an all time low, breaking their previous record. Mortgage rates have broken their own record several times this year according to Freddie Mac statistics. Freddie has been tracking mortgage interest rates since 1971. Freddie Mac gathers its information from several lenders across the country from Monday through Wednesday every week. […]

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Utah rural housing changes its guarantee fee for your Utah Home

On July 27th, H.R. 4899, Supplemental Appropriations Act, 2010, passed in the U.S. House, and was signed by the President on July 29th. This will apply to all Utah homes wanting to participate in the rural housing program. It may also effect the sale of your Utah home. Contained in this legislation is the authority […]

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Do I Have To Sell Before I Buy?

Do I Have To Sell Before I Buy?

Although every situation is unique, it is not uncommon for home buyers to qualify for a mortgage on a new home while still living in their primary residence. Perhaps you are outgrowing your current house, or have been forced to relocate due to a job transfer?   Regardless of the motivation for keeping one property […]

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