Mike Lubbers

NMLS # 305004

801-272-0600

mike@advancedfunding.com

Mike Lubbers Mortgage Loan Advisor

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Closer Look at the VA Funding Fee

Closer Look at the VA Funding Fee

The VA Funding Fee is a government fee applied to every VA purchase and refinance loan in Utah. This fee goes directly to the Department of Veterans Affairs to help cover losses and keep the loan guaranty program running for future generations of military

Dec 04, 2018 | VA Loans

Home Price Gains Slow Down in October 2018

Home Price Gains Slow Down in October 2018

CoreLogic reports that home prices, including distressed sales, rose 5.4 percent from October 2017 to October 2018. That is down from the 7 percent gain seen year over year in March of this year. On a month over month basis, prices rose 0.5 percent from S

Dec 04, 2018 | Mortgage News

VA Loans - Residual Income Requirements

VA Loans - Residual Income Requirements

For eligible active-duty service members, veterans and surviving spouses, the VA loan is a really good deal if you’re looking to buy a home in Utah. Its benefits include a 0% down payment and a funding fee that can be paid at closing or ro

Dec 01, 2018 | VA Loans

Fed Chair Powell, a Prince to the Markets

"This is what it sounds like when doves cry"... Prince We heard "doves cry" this week when Fed Chairman Jerome Powell spoke in NYC on Wednesday. Doves are people who offer peaceful polices, so upon Mr. Powell's soothing speech bo

Nov 30, 2018 | Mortgage News

What Are Seller Concessions?

What Are Seller Concessions?

The dance between home buyer and seller is a tricky one. Although it might seem like a match made in heaven – one person wants to buy a house, the other has a house to sell – there are a lot of factors that go into whether a sale will be successful or no

Nov 29, 2018 | Home Buying or Selling

4 Documents You Need for Mortgage Pre-Approval

4 Documents You Need for Mortgage Pre-Approval

Getting a mortgage pre-approval is a smart step before you go out looking for a home. A pre-approval letter shows sellers that you have already proven to a mortgage company that you have the income and down payment to qualify for a mortgage loan. Th

Nov 28, 2018 | First-time Homebuyers Home Buying or Selling

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