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 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
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
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
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
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
