Jackie Cruz

NMLS # 260665

801-272-0600

cruzlending@yahoo.com

Jackie Cruz Mortgage Loan Advisor

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What You Need to Know About Mortgage Prepayment Penalties

What You Need to Know About Mortgage Prepayment Penalties

Although they are not nearly as common today, some mortgage loans do come with a prepayment penalty. Home loan borrowers should be aware of them before signing their names on the dotted line. Here’s what you need to know about prepayment penalties:

Dec 12, 2018 | Mortgage Basics Home Buying or Selling

Mortgage Lenders Loosen Credit

Mortgage Lenders Loosen Credit

Mortgage credit was more readily available in November to borrowers, as lenders loosened their underwriting standards slightly, according to the Mortgage Bankers Association. The MBA’s Mortgage Credit Availability increase 1.1% from October to a rea

Dec 11, 2018 | Mortgage News

"We want what we don't have, be careful what you ask for"... Everclear

As it pertains to low interest rates "Be careful what you ask for" - it will likely take pain, chaos, fear and uncertainty to get them.  This past Thursday, thanks to uncertainty around the U.S. and China trade deal, fear of slowing global

Dec 10, 2018 | Mortgage News

Mortgage Applications Rise as Rates Fall for Third Week

Mortgage Applications Rise as Rates Fall for Third Week

More mortgage borrowers turned in loan applications this week, according to the Mortgage Bankers Association, in response to another week of falling interest rates. The MBA’s Mortgage Composite index – a measure of mortgage application volume

Dec 07, 2018 | Mortgage News

Should I Pay Off My Utah Home Mortgage Before Retirement?

Should I Pay Off My Utah Home Mortgage Before Retirement?

As you near retirement, you may be anxious to completely pay off your Utah home mortgage and be debt-free before your traditional income stops. In most cases, this is the best plan but there are situations when holding on to your mortgage into retire

Dec 05, 2018 | Reverse Mortgage

Difference Between a Mortgage Interest Rate and an APR?

Difference Between a Mortgage Interest Rate and an APR?

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 | Interest Rates Mortgage Basics

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