Category Archives: Mortgage

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

Important loan documents

From: “Alondra Martinez” <eFolder@elliemae.com> Subject: Your Initial eDisclosures Dear Valued Client, Thank you for choosing Citywide Home Loans as your mortgage lender. We are honored you would trust us with this important transaction. Federal and state law require we provide you with certain disclosures, which may be accessed by clicking HERE . Utilizing our E-sign system will greatly expedite the processing of your loan. You are also free to print, sign, and return your documents.

Top 5 reasons to get an NHF 5% down payment grant

What if you could buy a home without needing to save for a down payment? What if you could get 5% of the purchase price of your home to use for the down and use any remaining funds for closing costs? With the NHF 5% grant you can! Here are the top 5 reasons you should get an NHF 5% down payment grant: Reason #1 This grant never has to be paid back! The NHF Platinum 5% grant down payment … Read more

Seamless loan process

We’ve read the horror stories, read about clients’ frustrations and the lost time and money when a mortgage loan goes south at the last minute. That is why we are continually improving how we operate and how we interact with our valued clients. Here’s what a recent new homeowner had to say about his experience with our team: “From my very first email/phone call to Drake, he was professional and courteous. He understood and had compassion for the ‘time crunch’ … Read more

October- November Report Cards

Our October/November report card is finally out! For those of you who are reading the report card for the first time, allow me to give you some history. I write the report card, directly from the client questionnaire that our clients fill out at the closing of their loan. This is raw, unfiltered feedback from our clients. Most of the time they tell us they loved us, sometimes they tell us we suck. Oddly, we learn more from the latter, … Read more

FHA announces their 2015 county loan limits!

FHA has announced the 2015 county loan limits. Please click here to see them. If you have any questions regarding FHA loans, please call Josh Mettle at 801-747-1210.

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