FHA, VA & Conventional Mortgages in Utah

Own a Home with ZERO Money Down First Time Buyer or NOT and Credit Scores as LOW as a 620 MID FICO

Last Updated on Monday, 19 March 2012 02:49 Written by Casey Monday, 19 March 2012 02:49

Blogisode 218

The Low Price Lender is please to announce the addition of two new mortgage loan programs! These new programs will be available to Utah homebuyers who close on their loans after April 9th, 2012.

These programs are NOT limited to first-time home buyers and a down payment/closing cost assistance loan will be and is available. Furthermore, with one of these new programs borrowers with Mid Fico Scores from 620-659 will also be eligible, whether they are first-time homebuyers or repeat homebuyers.

The financial and housing crisis of the last few years has created significant challenges for existing homeowners as well as those desiring to purchase a home. Fortunately, during this time period, The Low Price Lender has proactively searched for programs which allow for and provide affordable financing options for more low to moderate income homebuyers in Utah.

For complete details regarding this and any other mortgage programs you may have questions on please feel free to contact me.

Reasons Why Owning A Home Is Better Than Renting In Utah

Last Updated on Tuesday, 13 March 2012 01:39 Written by Casey Tuesday, 13 March 2012 01:39

Blogisode 217

Becoming a homeowner is a dream for every American. Although this dream seemed impossible to come true for a few years when the country was caught up in the crippling economic recession, there is still hope. The aftermath of the recession has started to wear off in a number of U.S. states. In states like Utah, the housing market is a prime example of how the economy is on the road to recovery here. Now people who were afraid to own properties during the financial crisis are showing confidence in the real estate market. If you are still confused about whether you should own a home or not, here are a few advantages of homeownership that will convince you to become a homeowner:

-          As homeowners, you are allowed by the U.S. Tax Code to get interest deducted on the payout you make on mortgage, property taxes and the house rates.

-          Paying monthly mortgage is much like paying rent. But the difference is that you pay rent without securing anything, whereas mortgage gradually secures the property in your name.

-          Rent keeps increasing with time. However, mortgage rates are predetermined and remain the same as were originally decide.

-          When you have the house in your name, you have the liberty to refurbish it in any way you want to. You are in control of all the facilities and utilites that are essential for the house. Moreover, locations in Utah like Syracuse, Bountiful and Hill Air Force Base also offer their residents a good environment and community living to be a part of.  

-          Buying a house is a long-term investment. This means that you would be staying in the community where you bought a house for an extended period of time. This stable part of your life gives you a chance to relax, whether you purchase a cozy Springville home, a “McMansion” in Salt Lake Cityor are an officer stationed at Hill Air Force Base.

Buying a house inUtah, has never been easier and with the reasonable rates at which you can get a good living as a home owner in Utah is closer than you think. The first step is to contact The Low Price Lender and see what you can qualify for. He can also help you with a number of options regarding government sponsored programs that can help you with the down payments needed to purchase a home under some loan programs.

Not an Impossible Dream to Lower Your Mortgage and Payoff Your Home Early

Last Updated on Tuesday, 13 March 2012 01:22 Written by Casey Friday, 9 March 2012 04:18

Blogisode 216

There are many ways to celebrate paying off a mortgage. Some involve festive bonfires, some entail special shopping trips, and some are special nights out. Whatever the marker, this milestone is a special one.

An impromptu poll of friends and family about ways to hurry along that desired event may yield varied results, but one of the top answers is likely to be a variation on paying more each month.

It would be interesting to see if anyone mentioned refinancing for a lower interest rate, which could result in lower monthly payments that are easier to pay more over.

When seeking to lower the interest rate of a mortgage, there are many factors to consider.
One of those is determining which lender to use. The Low Price Lender in the local mortgage banker who works tirelessly to help people in Utah with their mortgage needs be it refinance or purchase.

Advertisements abound for lenders promising great rates, but there are usually caveats to those rates. Wading through the fine print can be tedious, but the end result makes it worth the effort. A website that aggregates lenders and their requirements makes it less difficult.

An online calculator can be an invaluable tool for estimating how much a refinance might save on the monthly payments and interest due. A few moments entering information offers a wealth of choices and possibilities in an easily understood format. The calculator also gives the mortgage owner the ability to input different scenarios to see which might be the best fit.

With information about rates and the results from the calculator, many people looking to refinance turn to the online quick-quote feature to see some real numbers. Based on a
homeowner’s principle balance, income, credit and a few other details, a quick-quote may be a viable offer from a few lenders. What that won’t do is tell you the kind of service that can be offered.

For homeowners ready to pay off the last of the mortgage, working with The Low Price Lender and a calculator to determine payments, and a quick-quote for actual rates can help you greatly.

Lowered monthly payments offer not only the chance pay down faster but also the chance to breathe lighter in a down economy. Benefits will vary from individual to individual, but they are there for everyone.

One question can have a hundred answers, and choosing among those answers can be daunting, particularly if there are strong feelings involved. Yet the desire to make that last payment can be even stronger, and with the right tools and information, it can become a reality.