Once you get serious about buying a home or refinancing your current mortgage, you will probably hear the term “loan-to-value ratio” mentioned by your mortgage broker. What is this ratio and how does it affect your Utah mortgage? Loan-to-Value Ratio
Jul 10, 2019 | Credit Mortgage Basics Purchasing a Home Refinancing a Home
In order to buy a house, most Americans, including Utahns, take on a mortgage loan. While debt is usually to be avoided if possible, when it comes to a mortgage there may actually be some financial benefits for borrowers. Liquidity If y
Jun 05, 2019 | Credit Mortgage Basics
If you have a fixed-rate home mortgage, you pay the exact same amount of principal and interest each month. But did you know that the amount of principal you pay toward the balance of your loan changes from month to month? This is called mortgage amortiza
May 08, 2019 | Credit Interest Rates Mortgage Basics
When you are ready to apply for a mortgage loan, your mortgage broker will ask you for all sorts of financial information. One of the things lenders do with this data is to calculate your debt-to-income (DTI) ratio. A DTI ratio is one of the most basic me
Apr 17, 2019 | Mortgage Basics Credit
A home appraisal is an important part of the home-buying process. If you're ready for this step, you may have some questions about what happens. What is a home appraisal? A home appraisal is a professional evaluation of the value of a pr
Mar 19, 2019 | Mortgage Basics
After sitting down at the mortgage closing table to sign all the paperwork, you get the keys and can breathe a sigh of relief. But before you tuck all those mortgage papers away for good, there are at least five things you still need to do after closing t
Mar 13, 2019 | Mortgage Basics Homeowner Tips
