If you have ever checked out the current status of mortgage interest rates, you may have seen the average points listed next to the rates. What are these mortgage points and how do they affect your interest rate? Points Defined Mortgage points, o
Feb 06, 2019 | Home Buying or Selling VA Loans FHA Loans Mortgage Basics Interest Rates Conventional Loans
Mortgage rates fluctuate from week to week and they can make huge swings from decade to decade. In the early 1980s, for example, mortgage rates were as high as 18% while roughly 30 years later they are less than a third of that rate. What causes Utah inte
Jan 30, 2019 | Mortgage Basics Interest Rates
Adjustable rate mortgage (ARM) loans always grow in popularity when interest rates are on the rise. Some borrowers think ARMs are the best way to save money on their mortgage in a higher rate climate. ARM loans can also be helpful for those who do not pla
Jan 23, 2019 | Mortgage Basics Interest Rates
Interest rate and annual percentage rate (APR) - those are the same things, right? Unfortunately, too many mortgage buyers don’t realize the answer is no. The interest rate on your Utah mortgage loan is different from the APR and understanding
Jan 10, 2019 | Mortgage Basics Interest Rates
Being able to purchase a home is often tied to how much of a down payment you have saved. If you have never bought a house before, you may not understand what a down payment is or why it is so important. Here are the basics you need to know as you save up
Jan 02, 2019 | Home Buying or Selling VA Loans First-time Homebuyers FHA Loans Interest Rates Conventional Loans
What is the Difference between a mortgage interest rate and an APR? Answer: An annual percentage rate (APR) reflects the mortgage interest rate plus other charges. There are costs associated with getting a mortgage loan in Utah. These include, b
Dec 05, 2018 | Mortgage Basics Interest Rates
