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Archive for December, 2011

Selling your home, Is it empty or is it your buyers “Dream home”?

December 31st, 2011 by

Yesterday I was driving around while in an upscale neighborhood in Salt Lake City looking at houses that are listed for sale.  We saw at least three (3) homes that were vacant and totally empty inside as we peeked in the windows. What a difference it makes when a home is furnished vs empty. Then when it's furnished to have it furnished so the astetics make a buyer feel like it's the home... [ Read More ]

Mortgage Loans set to increase due to Payroll Tax cut, HR 3630

December 28th, 2011 by

Who's ready for a tax increase?  Like it or notThe standoff in Washington for the payroll tax cut is going to be funded by no other than the homeowners of all people that have any type of mortgage after Dave Camp's (R-CA-3) Bill HR3630 entitled "Temporary Payroll Tax Cut Continuation Act of 2011" was passed.  It includeds a provision that virtually very few people are aware of, a mortgage ba... [ Read More ]

Life Insurance, The Gift that Keeps on giving at the season of gift giving

December 16th, 2011 by

If you are looking for a way to give you spouse and your children a gift of love that can't be replaced, you may want to think of something that not many people do this time of year.Over the past few decades, the percentage / ratio of adults that have life insurance has dropped from over 75% to now approximately 50% of all adults have life insurance.  This past year, a recent study shows that... [ Read More ]

9 Reasons Why Now’s a Good Time to Buy a Home

December 9th, 2011 by

Our latest home buying report in Utah is that home purchases are up in Utah compared to this time last year.  If you think you might be able to move, why wait?Foreclosures remain a major weight dragging down on the national housing market, and then there's the ... [ Read More ]

The Black Hole

December 6th, 2011 by

There is a big unknown black hole when it comes to escrow accounts.

  • How do escrow accounts work?
  • Why should I have one?
  • Does it cost more or is it cheaper to have an escrow account with my mortgage?
  • What is an aggregate adjustment?
  • How do refunds work when my loan is paid off?
  • On a purchase loan, do I really have to pay for a full ... [ Read More ]