Category Archives: Real Estate

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

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

5 Tips to winterize your home & save some money on energy bills.

Tis the season to be freezing! It’s that time of year again, the fun holiday season, and cold weather is here. It is important to take certain measures to make sure you and your home are protected during these cold months. Following these tips will not only help make your home more comfortable, but could potentially save you money on your energy bills as well! 1. Get rid of door drafts You know that small opening on the bottom of … Read more

Down Payment Assistance Now Available For Qualifying Resident Physicians

One of the biggest challenges with down payment assistance programs has long been the issue of student loans and the way underwriters calculate payments on deferred and Income Driven Repayments. The general rule has been to default to one to two percent of the outstanding student loan balance as a MONTHLY payment. 2% of $200,000 equals a monthly payment of $4,000, which means the applying resident will be lucky to qualify for a Cracker Jack box to live in. Another … Read more

Do doctor mortgages have mortgage insurance and what is MI?

Do doctor mortgages have mortgage insurance and really, what is mortgage insurance? It’s funny, I get clients all the time that we get into discussions and they say, “I want to make sure we avoid mortgage insurance.” And I say, “Do you know what mortgage insurance is?” And they say, “No.” So let’s just start there. First of all, mortgage insurance is a premium that you pay as the buyer, that protects the mortgage company. Basically, the mortgage company says, … Read more

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