What is a Piggyback Mortgage?

What is a Piggyback Mortgage?

In order to achieve the dream of homeownership, many buyers look for creative financing to aid them in their quest. One such option is a piggyback mortgage, which actually involves taking out two separate loans to make homeownership more affordable. These

Sep 12, 2018 | First-time Homebuyers Home Buying or Selling

Ins and Outs of a Home Equity Line of Credit

Ins and Outs of a Home Equity Line of Credit

Homeowners have a great source of funding available to them that others don’t: their house! If homeowners have a significant amount of equity in their home or especially if their mortgage is completely paid off, they can make great financial use of

Sep 05, 2018 | Mortgage Basics

Benefits of No Cost Mortgages

At Advanced Funding Home Mortgage Loans, it’s our mission to get you the best mortgage option for your situation. Our mortgage brokers are trained to spot the details that might make a certain type of mortgage or refinance more prudent for you and y

Sep 02, 2018 | Refinancing a Home Purchasing a Home Mortgage Basics

Homebuying Help: What is Escrow?

Homebuying Help: What is Escrow?

Buying a home is often the biggest purchase you make in your life. With all that money on the line, buyers and sellers AND mortgage lenders need a safe and secure way to make the transaction. In order to make sure the home sale and mortgage funds tra

Aug 29, 2018 | Home Buying or Selling Mortgage Basics

What are Closing Costs?

When you sit down to sign the papers to buy a home, you will most likely be required to pay closing costs. Mortgage closing costs are the fees associated with the home buying and lending process.   What is included in my closing costs? The types of

Aug 22, 2018 | Mortgage Basics

Is a Fixed Rate Mortgage or Adjustable Rate Mortgage Better for Me?

Is a Fixed Rate Mortgage or Adjustable Rate Mortgage Better for Me?

When you are in the market for a Utah mortgage, one of the many decisions you’ll have to make is whether to apply for a fixed-rate loan or an adjustable rate mortgage (ARM). Both can be beneficial, depending on your situation. Learning the differenc

Aug 15, 2018 | Home Buying or Selling Interest Rates