Bankrate wants to hear from you and encourages comments. We ask that you stay on topic, respect other people’s opinions, and avoid profanity, offensive statements, and illegal content. Please keep in mind that we reserve the right to (but are not obligated to) edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused.
Source: bankrate.com
Video: Taylorsville Utah Mortgage Refinance / Purchase Rates and Loan Programs Exposed!!!
What’s Ahead For Mortgage Rates This Week
Hart West Financial is a home mortgage firm licensed in Arizona, Colorado, New Mexico, Oregon, Utah, and Washington. They take pride in offering top-quality service and providing very competitive pricing due to their non-commission loan officer based business model. Call Hart West Financial today at 800-910-1937 to get your home loan approved today!
Source: hartwest.com
Why Residence Buying With Home Loans From Utah is an Exceptional Concept
One cannot simply appear on the doorstep of a creditor and instantaneously be given a loan; lending institutions will have to review the credit balance of a debtor to ensure that home loan rates can be met. Those who have terrible credit will have almost no chance of securing a loan. Thankfully, a few loan providers can be more considerate? as long as debtors can effectively shoulder the obligation requested of them.
Source: homeloansafterbankruptcy.org
Utah Reverse Mortgage Blog: Learning About The Adjustable Rate Reverse Mortgage
We all know that the end of March 2013 meant that end of the traditional fixed rate reverse mortgage program. There are different reasons why this was done, but the biggest was the FHA is loosing money and this was one of a couple ways to help. Now without this program seniors are left with only one way to qualify for close to the same amount of money they would have just a few months ago; it is the traditional adjustable rate reverse. Fixed vs. Adjustable The reason why the old fixed rate program was so popular was because it was a fixed rate. Seniors today lived though the 70′s and 80′s and the crazy high mortgage interest rates and when you say adjustable the only thing most people think is adjusting UP. While rates going up is not always the case, it is pretty easy to guess that because we are currently at historic lows, up is the only likely place for rates to go long term. The nice thing about the reverse mortgage is the rates of tomorrow don’t matter the same way to you once you have closed on the loan because you have no payment. Rates could skyrocket (although there are now caps in place to limit how high they can go with your loan) but increasing rates would not affect the money you have coming to you from the reverse mortgage; rising rates just effect the remaining equity you have in your home. If you are planning on living in your home until you die then an adjustable rate should not matter to you at all. If you are set on leaving your home with some equity to your family if possible, then you may want to consider the saver program where a fixed rate is still possible. Differences Besides the adjusting interest rate there are a few differences you should be aware of compared to the fixed rate program. With the fixed rate you were required to take your proceeds in a lump sum; the adjustable loan gives you options to take it all at once, put the money in a line of credit, turn the money into a monthly payment, or a combination of all 3.
Source: reverseutahblog.com
Mortgage Rates Trend Higher This Week
‘Fixed-rates moved up for the third consecutive week, with the average 30-year fixed-rate mortgage about a quarter-percentage point higher than three weeks ago,” says Frank Nothaft, Freddie Mac’s chief economist.
Source: trulia.com
Salt Lake City UT Purchase Loans
Welcome to The Low Price Lender! The The Low Price Lender Team is committed to providing clients with the highest quality home loans combined with some of the lowest mortgage rates available in all of Utah. Whether you are first time home buyer, purchasing your dream home, refinancing an outstanding loan, or consolidating debt, our highly experienced team of mortgage brokers can help make your dreams come true. At The Low Price Lender, our ultimate goal is to create lasting relationships with each of our clients so that we may continue providing excellent service for many years to come. We specialize in the following Utah Mortgage Loans:
Source: lendingfordummies.com
DoughKnow: Mortgage Refinance Utah
A refinance mortgage in Utah can be for rate reduction, term reduction, or cash out. Refinancing a Utah mortgage can replace a loan with a lower fixed rate mortgage. Reducing the term on a refinance mortgage in Utah offers an accelerated pay off. 30 year fixed mortgage refinance rates in Utah can provide the lowest payments. 15 year Utah refinance rates are lower, but have higher payments, and less interest. Utah refinance mortgage loans may have the option for cash out depending on equity. A cash refinance mortgage in Utah can be for home improvement or debt consolidation. Arizona Refinance Mortgage Rates California Refinance Mortgage Rates Connecticut Refinance Mortgage Rates Colorado Refinance Mortgage Rates Florida Refinance Mortgage Rates Georgia Refinance Mortgage Rates Nevada Refinance Mortgage Rates Michigan Refinance Mortgage Rates Ohio Refinance Mortgage Rates IndianaRefinance Mortgage Rates Oregon Refinance Mortgage Rates New Jersey Refinance Mortgage Rates Maryland Refinance Mortgage Rates Virginia Refinance Mortgage Rates Utah Refinance Mortgage Rates
Source: doughknow.com
Article News: Why the LIBOR Scandal Affects Everyone
LIBOR is Subjective These rates are not based on an objective measurement of how well the member banks are performing, but are instead based on weak data that is completely subjective. Banks have no way of proving that they should have certain rates. LIBOR Affects Everyone Even those consumers who do not have loans can be affected by LIBOR. Services that people benefit from, such as schools hospitals, fire departments and public services, have placed their money in adjustable rate mortgages, currencies, mutual funds, pensions and derivatives. As a result of the rigged interest rates, member banks have not been paying out large profits to these investment vehicles. As a result, less money is going to the various public services that people benefit from. LIBOR as a Financial Health Indicator Another way that the LIBOR scandal affects everyone is the way in which LIBOR is used to assess the health of the financial sector. When banks feel confident, they are more likely to report low interest rate numbers. When they do not feel confident, they are more likely to report high interest rate numbers. As a result, policy decisions are made based on erroneous information. Consequences Many smaller community banks are considering filing lawsuits against larger banks in response to the scandal. Many of these banks have attempted to remain transparent and provide customers with low interest rates. Given that LIBOR has prevented them from accomplishing these goals, many have considered litigation. The LIBOR scandal has directly impacted the profit margins of these banks. In addition to the lawsuits, many of the member banks that participated in the LIBOR scandal may be prosecuted for fraud. These efforts might help to deter banks from engaging in acts of fraud in the future. Another way to reduce the negative impact of LIBOR is to have mortgage rates and auto loans connected to the central bank’s target interest rate.
Source: mpamag.com
Finding The Right Utah Mortgage Does Not Have To Be The Hardest Step
An enormous quantity of details must be considered when it comes time to finance your house with a Utah mortgage. Getting approved for the correct mortgage to serve your purposes the best can be less frustrating allowing you to experience less anxiety with the assistance of a professional who will work with you and use their skills and experience to help you through the complete process. Keep in mind that the mortgage industry has been under a lot of scrutiny that demanded many changes and revisions to the process. This makes it even more imperative to have an informed professional to help you that is up-to-date and aware of current laws and regulations.
Source: tippersfinance.com
Paperless mortgages gaining acceptance in Utah
Reader comments on sltrib.com are the opinions of the writer, not The Salt Lake Tribune. We will delete comments containing obscenities, personal attacks and inappropriate or offensive remarks. Flagrant or repeat violators will be banned. If you see an objectionable comment, please alert us by clicking the arrow on the upper right side of the comment and selecting “Flag comment as inappropriate”. If you’ve recently registered with Disqus or aren’t seeing your comments immediately, you may need to verify your email address. To do so, visit disqus.com/account. See more about comments here.
Source: sltrib.com