Options Available For Local Homebuyers, Just See Your Utah Mortgage Broker
Utah Mortgages on the Upswing
As the housing market begins to show tentative signs of recovery, there has been an increase in the amount of new Utah mortgage loans. According to The Utah Association of Realtors, house sales jumped 6 percent in January 2013, making it the best January for sales in five years.
The recent thaw in the housing market may have encouraged you to think about trying to turn your dream of homeownership to reality, but you may be reluctant to deal with the logistics of qualifying for a Utah mortgage, as well as the jumble of regulations, loan programs, and requirements that can affect interest rates on your loan.
Much Needed help, such as a HARP Refinance
Utah residents needing some help and wanting to refinance an existing Utah mortgage, or are look into freeing up cash with a home equity loan have many options. These loans, based on the equity you have in your home, can feature either fixed or adjustable rates. You may feel you could benefit from expert advice to ensure that your Utah lending company agrees to the best rate for you. If you are current on your monthly payments and wish to refinance, but can’t do so because the value on your home declined, we can help you with a HARP refinance option. We help with Fannie Mae and Freddie Mac as well.
Our Commitment at RidgeView
Whether you’re buying a new home, refinancing your mortgage, or cashing out on your home equity, we pride ourselves on finding you the best possible solution. We believe that you should have the stellar personal service you deserve, and are committed to helping you every step of the way with the nuts-and-bolts of qualifying, applying, and being approved. And you won’t be buried under a blizzard of frustrating, hard-to-read paperwork and forms, either. At RidgeView, we present your options in a way that is clear and understandable no matter which course of action you seek. We will even guide you through all of the federal loan programs such as the USDA Loan, and VA 100% financing.
Start At Home with Our Online Utah Mortgage Rate Estimating Calculators
Our suite of on-line tools --- the next best thing to having a real-life financial advisor at your side – can help you conduct a variety of preliminary calculations.
- Determine monthly payments
- Figure your APR
- Compare the cost of 15 versus 30 year mortgages
- See if a balloon mortgage could be for you
- Check out exactly how much interest you can save by making accelerated bi-monthly payments
How We Help With Your Utah Loan
After you’ve familiarized yourself with some options, we discuss them and help you determine which mortgage loan is best for your budget and your needs. We also issue the all-important pre-qualification letter that shows the seller that you mean business, and we help you navigate the down payment. In addition, we can help you pay down your balance more rapidly, resulting in a comparable lower payment each month. Finally, we may be able to help you reduce the down payment amount by recommending no-down and low-down mortgages.
Exploring Every Option: From VA to FHA Mortgage
Utah’s very own RidgeView Mortgage will help make sense of all the programs designed to help every kind of homeowner, current or prospective. We can also determine if you are eligible to receive help from a number of loan assistance programs. First-time buyers, and those in low- and moderate-income families, may be able to get assistance in qualifying for their mortgage from the Federal Housing Authority. FHA loans, as they are called, usually require lower down payments than conventional loans. If you are a military service person or a veteran, you may be eligible for a VA mortgage. Designed to recognize and honor service to the country, these loans usually feature no down payment, competitive fixed interest rates, and reduced closing costs.
In a recent study performed by the Utah Association of Realtors, 72 percent of the homeowners questioned had reported satisfaction and a sense of pride of ownership in their houses. We would like to help you achieve that satisfaction by finding you the best possible mortgage from the right lender. Utah, with its stunning scenery, five national parks, and family-friendly atmosphere, is a beautiful place to live. You owe it to yourself to pursue the dream in Utah. FHA loans are allowing more people than ever to experience the security of home ownership.