Ever hear the terms REO, bank-owned, short sale or HUD home? Have you ever wondered what the heck all those terms mean? Here are some definitions used to describe common types of distressed properties found in Utah:Foreclosure: This refers to the process
May 04, 2015 | Purchasing a Home
If you’re getting ready to buy a home, there are a lot of things you should do, such as getting pre-approved for a Utah mortgage loan. But there are also a few things you don’t want to do. Change your job. Now is not the right time to become self-employe
Apr 30, 2015 | First-time Homebuyers Mortgage Basics Refinancing a Home Purchasing a Home
Interested in buying a distressed property in Salt Lake City? You’ll still find these types of homes on the market. But there are definitely fewer bank-owned properties and short sales available for sale today than there were a couple of years ago.
Apr 16, 2015 | Purchasing a Home
If you’re buying or selling a home in Utah, you may be worried about the appraisal. What should you do if the appraisal comes up short? Here are some options for both buyers and sellers: For Sellers: Walk away. If the appraised value comes in lowe
Apr 12, 2015 | Home Buying or Selling
In the market for a new home? You’ll want to avoid these common mistakes made by first-time buyers – and even those who already have purchased a home or two before. Shopping Before Getting Pre-Approved Without consulting with mortgage co
Apr 08, 2015 | Purchasing a Home
Have you heard about the FHA 203K home renovation loan? This innovative loan program is designed to make it much easier to purchase a home in Salt Lake City that needs a lot of repair work or updating.With a 203K loan, home buyers are able
Apr 05, 2015 | FHA Loans Purchasing a Home
