Benefits of Prepayment The main benefit of paying off your mortgage early is the savings. Even by cutting off just a few years from your home loan, you can save thousands of dollars in interest. For example, if you take out a 30-year mortgage loan for $25
Jul 22, 2020 | Mortgage Basics
As the U.S. economy reels from record-high unemployment and continued COVID-19 shutdowns, the Fair Isaac Corp. (FICO), a global analytics company and producer of the FICO credit score, released a new credit index recently it hopes will keep mortgage
Jul 15, 2020 | Credit Mortgage News
Even as the demand for mortgage loans has ramped up since the coronavirus crisis began, some aspects of the home loan market have changed. With millions of homeowners applying for mortgage forbearance, lenders have had to take measures to mitigate possibl
Jul 08, 2020 | Home Buying or Selling First-time Homebuyers
For Utahs living and working in the nation’s most expensive real estate markets, homeownership can seem like the impossible dream. Prices are high and options can be limited. It may feel like home values rise faster than your ability to save up for
Jul 01, 2020 | Home Buying or Selling First-time Homebuyers
In addition to income and assets, your credit profile is one of the biggest factors in determining whether you qualify for a mortgage. If your credit score is not currently in a desirable range, there are plenty of ways you can improve it to up your chanc
Jun 24, 2020 | Credit Conventional Loans
While fixed-rate loans are one of the most popular choices for mortgage loans, there is another choice: the adjustable-rate mortgage or ARM loan. If you’ve ever wondered what an ARM loan is or why anyone would want one, here is what you need to know
Jun 17, 2020 | Interest Rates Mortgage Basics
