Archie W. Owen

NMLS # 2069038

801-272-0600

archie@advancedfunding.com

Archie W. Owen Mortgage Loan Advisor

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Understanding Mortgage Prepayment Penalties

Understanding Mortgage Prepayment Penalties

In the thrilling adventure of homeownership, there's a chapter that often gets overlooked – the fine print of your mortgage agreement. Among the many terms and conditions, one that can sneak up on unsuspecting homeowners is the Mortgage Prepayment P

Mar 28, 2024 | Purchasing a Home

Should I Sell or Rent my Home when I move?

Should I Sell or Rent my Home when I move?

Embarking on the exciting adventure of relocating to a new city brings with it a cascade of decisions, and one of the most pivotal choices revolves around the fate of your current home. The question looms large: Should you rent it out or sell it? Each ave

Mar 26, 2024 |

Navigating the Mortgage Approval Process as a Gig Worker

Navigating the Mortgage Approval Process as a Gig Worker

In today's evolving workforce, traditional employment models are being replaced by more flexible arrangements, such as gig work. Many individuals are embracing the freedom and autonomy that gig work provides, but when it comes to securing a mortgage, gig

Mar 21, 2024 | Purchasing a Home

Existing Home Sales Frothy in February

Existing Home Sales Frothy in February

Sales of existing homes surged in February, up nearly 10% from January to an annual rate of 4,380,000 versus the 3,950,000 expected. It was the largest monthly gain in a year. Digging into the numbers ... the median existing-home sales price rose 5.7% fro

Mar 21, 2024 | Mortgage News

Housing Starts Jump in February

Housing Starts Jump in February

Housing Starts in February were at an annual rate of 1,521,000 versus 1,430,000 expected, up 10.7% from January and 5.9% above the February 2023 rate of 1,436,000. Single‐family housing starts in February were at a rate of 1,129,000, up 11.6% from January

Mar 19, 2024 | Mortgage News

The ABCs of Home Loan Options: A Guide for Teachers and Educators

The ABCs of Home Loan Options: A Guide for Teachers and Educators

Buying a home is a significant milestone in anyone's life, but for educators, the journey might feel like a complex lesson plan. Thankfully, there are tailored home loan options designed to make this process smoother for teachers who dedicate their lives

Mar 19, 2024 | Purchasing a Home

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