Category Archives: Financing

WHAT IN THE HECK IS GOING ON WITH MORTGAGE INTEREST RATES?!

We have just hit the worst levels we have seen since January 2014 in the mid to high 4% ranges (depending on credit scores). Let’s dive in and try to figure out what is going on. Before we go into where we are today, I want to take a little bit longer perspective on the history of mortgage interest rates because we have really been spoiled over the last 10 years with 30 year fixed rates below 5%. The chart … Read more

How To Use Bitcoin for Mortgage Down Payment

How To Use Bitcoin for Mortgage Down Payment Hi friends. My name is Josh Mettle with Fairway Independent Mortgage. And today we’re gonna answer the question I’ve been getting about cryptocurrencies and bit-coining. Can this be used, can these funds be used in a mortgage transaction for down payment to closing costs? Now the reality is, with most mortgage lenders across the country, you can’t directly use the cryptocurrency as a down payment. What you’re gonna need to do is … Read more

First Time Homebuyer Programs

  Let me guess, you’re reading this because you are intrigued by the idea of purchasing a home. However, you’re not sure exactly where to start. Don’t worry; you’re not alone, as many first-time homebuyers are intimidated by the process. After all, there are two things not taught in grade school: how to file taxes and how to buy a house. Therefore, it’s natural for us millennials to jump online to try and find out as much information as possible. … Read more

Fundamentals Accelerating Home Values In 2018

Many of our clients are asking where home values are likely to go from here.   Is the real estate market ready to take a breather, or worse, are we entering another bubble? With home prices nationally above or near all time highs, it’s rational to exercise caution and pause before making a decision to enter the housing market; or making the decision to sell and move up to your dream home.  Before we prognosticate the future, let’s take a look … Read more

Tax Reform and its Potential Impact on Housing

Disclaimer: This guide is not meant to be a resource for tax advice but instead a resource for basic information concerning only certain aspects of the new tax code and how they may impact the real estate market. You should get tax advice from your accountant or tax preparer who will explain how the entire tax code will affect your personal return. This information comes immediately after the new tax code became law. Some of the information may be revised … Read more

How Rising Prices Will Help Your Family Build Wealth in 2018

  Over the next five years, home prices are expected to appreciate on average by 3.35% per year and to grow by 24.34% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey. So, what does this mean for homeowners and their equity position? As an example, let’s assume a young couple purchases and closes on a $250,000 home this month (January). If we only look at the projected increase in the price of that home, how much equity will … Read more

There’s More to a Bubble Than Rising Home Prices

What truly causes a housing bubble and the inevitable crash? For the best explanation, let’s go to a person who correctly called the last housing bubble – a year before it happened.   “A bubble requires both overvaluation based on fundamentals and speculation. It is natural to focus on an asset’s fundamental value, but the real key for detecting a bubble is speculation…Speculation tends to chase appreciating assets, and then speculation begets more speculation, until finally, for some reason that … Read more

FHA VS Conventional mortgage loans

Conventional and FHA loans saw significant loan limit increases in many counties across Utah. Below is the current loan limits for each county. We’d be honored to answer your questions and compete for your business. Conforming Loan Limits FHA Loan Limits If you are interested in more information regarding the differences between FHA and Conventional mortgage loans, please watch this short video: Would you be interested in searching for homes just like Realtors do? Up to 47% of the information … Read more

7 Insiders Tactics- How to Pay Less And Still Get Your Offer Accepted

7 Insiders Tactics- How to Pay Less And Still Get Your Offer Accepted It’s no secret, getting your offer accepted in today’s hyper competitive real estate market is no simple task. Inventory is low in most areas of the country and the competition for the best homes in the best neighborhoods is fierce. Most buyers you will be competing against (and their Realtors) only know one way to compete, which of course is with price. But like any game, there … Read more

3 Reasons the Housing Market is NOT in a Bubble

Love this post from the blog Keeping Current Matters and wanted to share it for our readers who are in the market for a doctor mortgage or a CRNA mortgage. With housing prices appreciating at levels that far exceed historical norms, some are fearful that the market is heading for another bubble. To alleviate that fear, we just need to look back at the reasons that caused the bubble ten years ago. Last decade, demand for housing was artificially propped … Read more

As seen on