Recent reports say that the number of first-time home buyers have been on a decline lately. In May, the National Association of Realtors (NAR) reports that first-time home buyers only accounted for 28 percent of existing-home deals, down from 34 percent in 2012. For the real estate market, this is a pressing issue for as Meg Handley of U.S. News puts it, first-time home buyers “keep the real estate cycle moving.” Continue reading “The Utah First Time Home Buyer: The Niche That Keeps Real Estate Alive”
Altius Mortgage’s Dave Monson was recently interviewed by Brian Carlson with ABC 4 News about the recent spike in home mortgage rates. If you are in the market, or you have been sitting on the fence now is the time to buy.
HOME MORTGAGE RATES SPIKING
Owning a home has always been part of the great American dream. It’s the culmination of all your hard work and sleepless hours spent trying to provide the best for your family. Buying a home, however, is not always easy and entails certain considerations.
A first time home buyer in Utah, for example, has to carefully weigh the options available to him. For instance, he can start by taking a look at the available properties at any of the scenic neighborhoods in Salt Lake City, the state’s capital. Yet he needs to consider not only the location and the size of the structure, but also the financial aspect. After all, a home is easily one of the biggest investments anyone can undertake. Continue reading “A Preliminary Guide for a First Time Home Buyer in Utah”
The moment you find yourself ready to buy a house, you will be hunting not only for the best residential property in town but also for the right investment partner that will help you realize your homeownership dreams. Since there could be dozens of mortgage lenders in Utah ready to give you a hand, you’ll have to do some selecting. It will certainly help to look for the following qualities in your prospects. Continue reading “Picking a Partner: Qualities of Reliable Mortgage Lenders in Utah”
With the rough treatment of the American economy the past few years, having a less-than-perfect credit score isn’t a surprise anymore. But even with such credit ratings, many still want to buy a home in Utah, and they won’t hesitate to purchase one in the “affordable” price range. With weather that’s mostly humidity-free, and a friendly community awaiting would-be residents, it’s easy to see why people would want to buy a home in Utah. Continue reading “Parley for Property with Mortgage Brokers in Utah”
Whether you’re planning to buy a new home or thinking of refinancing your existing home loan, it’s a must for you to check current mortgage rates in Utah. Take note that even a 1% difference between mortgage rates can result in a 10% difference in your monthly payments. If you’re waiting for the best rates to come along, it’ll help to know a few of the factors that affect their rise and fall. Continue reading “Homeowners and the Economy: What Moves Mortgage Rates in Utah?”
Utah is home to some of the most technologically driven and innovation-based companies in the world. The robust business scene is one of the reasons that people choose to move to this prosperous state. Aside from the abundance of employment opportunities, the relatively low cost of living makes Utah an attractive place to settle down and raise a family. Continue reading “Loans Offered by the Best Mortgage Companies in Utah”
If you are a first time home buyer in Utah, then consider yourself lucky. Utah is very accommodating when it comes to first-time home buyers due to the variety of mortgage assistance services and down payment grants that make it easy to acquire a new home. Although not all cities and counties participate, you’ll find some great help by following the tips below.
Salt Lake City, Utah was listed in Forbes as one of the best cities in which to buy a home. The city’s real estate price drop from its peak is reportedly 19.4%. The unemployment rate is only 5.9% as well. If you’re thinking of investing in real estate, you need to find experienced mortgage companies in Utah.
If you want to buy a home, you must determine how much you can afford. You’ll have no problem if you have cash in the bank which you can use anytime. However, most people in the US, particularly in Utah are unfortunately not in such stable financial condition-they need the services of mortgage lenders in Utah such as the Altius Mortgage Group.