Summit County Homes for Sale Comparable Sales Access When touring prospective properties to purchase, we are very careful to look at the walls and the ceiling, turn on faucets, and play with light switches, but how thorough should we be? The seller has years of knowledge about his or her home an
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06/10/2011
Wasatch County Real Estate, Title Insurance and the Closing The last process that takes place just prior to recording is the closing. At closing the Title or Escrow company provides the buyer with Title Insurance or an Owner’s Policy. They insure that you have clear title to the property. If the
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06/06/2011
Midway Homes for Sale and the Annual Percentage Rate As a Loan Officer here in Utah, I have found that many consumers don’t fully understand the term Annual Percentage Rate. Probably no other disclosure is as baffling to the average consumer as APR is. Few understand how the APR can be higher th
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06/05/2011
Heber City Homes for Sale and Credit Scores Credit Scores range between 300 and 850. Usually scores above 600 are considered to be desirable for obtaining a home loan. There are five main factors that are considered when your score is calculated. Payment History Do you pay your credit card oblig
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06/03/2011
Park City Utah Real Estate, Understanding Home Loans, getting the best Mortgage Rate. As a home buyer, it only makes sense to try and get the lowest rate possible when obtaining a Home Loan. After all, the rate is the primary factor in determining your house payment. But how do you get a low rat
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06/02/2011
Park City Utah Real Estate the Loan Application and Documentation When it comes time to purchase new home, your first step in the purchase process is to get pre-qualified for your home loan. Once you contact a Mortgage loan officer, he will ask you to fill out a Mortgage Loan Application (1003)
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06/01/2011
Park City Utah Real Estate, Lower Down Payments and FHA Loans The FHA (Federal Housing Authority) doesn’t actually fund your home loan in any way. The FHA simply provides mortgage insurance to help consumers become Home Owners. The FHA actually insures the lender from losses resulting from Home
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05/31/2011
Wasatch County Real Estate, Eliminating Private Mortgage Insurance Private Mortgage Insurance (PMI) is the safety net of the lender. PMI benefits lenders because it guarantees payment on the balance of loans not covered by the sale of foreclosed properties. If a borrower makes a down payment of
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05/30/2011
Midway Real Estate, the Real Estate Appraisal The Real Estate Appraisal is an important part of your home buying transaction. The appraisal helps to establish what the property’s market value actual is, in fact it would likely be the main tool in helping the seller establish the proper selling p
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05/29/2011
Park City Utah Real Estate, Private Mortgage Insurance (PMI) Private Mortgage Insurance is used by Utah Home Loan Buyers to insure the lender against default if the borrower has less than 20 percent down. Private Mortgage Insurance can be a very costly insurance premium that is necessary as part
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05/27/2011
