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Archive for 2012

Why a mortgage broker in Park City, Utah is essential for financing

December 29th, 2012 by

Do you own a home in Park City or Deer Valley or a surrounding area?Or are you looking to buy a home in Park City, Deer Valley or the surrounding area.In today's market you need someone that is a mortgage broker to go to bat for you.Why? There are so many small reasons that one mortgage lender is not a fit and why one will do the loan.We lend with multiple mortgage banks and know ... [ Read More ]

VA IRRL’s VA Streamline refinance with No Appraisals are back

October 30th, 2012 by

VA IRRL's with NO Appraisal Requirements are backMilitary Veterans and active military personal that have VA benefits are now eligible for a VA streamline refinance without an appraisal.  If you or someone you know that currently has a VA mortgage loan that is higher tha... [ Read More ]

Does a cash out refinance make sense?

October 22nd, 2012 by

A family asked to look at lowering the interest rate of their current mortgage to a new 30 year loan so they could have the lowest payment possible.After going through the applicaton and pulling their credit, some further analyzing of their total debts and scenarios I found a suggestion to lower their total debt payments, both monthy & over the next five years.There's an auto loan that... [ Read More ]

Jumbo Loan Options that save borrowers tens of thousands of dollars

September 28th, 2012 by

Many borrowers that require a jumbo loan will start searching for a loan by going to the bank or credit union that they belong to.  This is the borrowers first natural instinct of who to check with.  It is just habit and the first place to go to for a mortgage loan. The challenge with jumbo loans, most banks and credit unions don't specialize in Jumbo Loan products.  they may offer Jumbo loans,... [ Read More ]

Home Buying tips for buyers & real estate agents

September 25th, 2012 by

As potential home buyers search the internet and visit open houses they often don't know the mortgage lending process and the critical function it has in buying a house. As a lender, I often spend extra time helping people understand what their loan options are, find out what payment they can afford in their budget and then we figure out what dollar amount  of house they will be able to buy base... [ Read More ]

Refinance, start saving now & break even in less time than you imagined possible

September 22nd, 2012 by

Many people think that it will take 3 to 4 years to break even if they are to refinance their mortgage loan.  This is one of the biggest falacies in today's market as long as you use a mortgage broker.Ben Gerritsen is a mortgage broker and has over 30 plus mortgage banks to chosose from when he does a loan for a client.  He does the shopping for his clients by selecting the mortgage bank tha... [ Read More ]

Purchase Loans with Super Fast Closings & Super Hero savings on closing costs

September 22nd, 2012 by

If you are in the market to buy a house or in the process to purchase a house, you have the  the option to pay higher closing costs at a bank or credit union or you can have a huge savings that will suprise you by using Ben Gerritsen as your loan officer.Ben is a mortgage broker that has over 30 mortgage banks to select from for his clients.  He saves his clients thousands of dollars from hi... [ Read More ]

Harp Mortgage Loans, Help from a specialist

September 22nd, 2012 by

Many people still have loans that are underwater.Those that are underwater, their interest rates on average are between 5% & 6.5%.The average savings is between 200 to 350 per month for these  families and some families experience see between a 600 to 700 per month in savings on their loan payment. WOW.Absolutely, that’s right.That’s a huge savings per month, per year, ove... [ Read More ]

Credit tips to maintain & boost your FICO (credit) scores

August 25th, 2012 by

Often, I am asked the qeustion  "what can I do to improve my credit score?" So in response to this widely asked question, here are a few of the basics items to maintain a high credit score (Fico score(s)) and to also increase or boost ones score with a few of the basic credit scoring guidelines.Pay your bills on Early, Not just on TimeEveryone knows you need to pay your b... [ Read More ]

Park City, Utah Condo Hotel financing, Mortgage Loans

April 1st, 2012 by

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City Creek Living Financing for City Condo’s in Salt Lake City, Utah

March 30th, 2012 by

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FHA to cut refinance fees under White House plan

March 29th, 2012 by

The Federal Housing Administration (FHA) will cut fees for homeowners with FHA-backed mortgages seeking to refinance under a new plan to expand the effectiveness of an existing refinance program, the White House announced Tuesday. An estimated 2-3 million FHA borrowers will be eligible to benefit from the revamped FHA Streamline loan program.Obama is reported ready to announce that refinancing... [ Read More ]

Upcoming Changes To FHA Mortgage Insurance

March 19th, 2012 by

Upcoming Changes To FHA Mortgage Insurance
 
For FHA Case Numbers Assigned On Or After April 09th, 2012
  • UFMIP increases to 1.75% for all base loan amounts
For base loan amount... [ Read More ]

What is HARP & how can it help me?

March 18th, 2012 by

HARP stands for Home Affordable Refinance Program.  HARP was put out by the Obama administration.  It was designed to help homeowners with their mortgages that are upside down and under water in refinancing their property & mortgages.The hope of this program was undoubtedly to allow those who were making payments on their mortgage to capitalize on the lower interest rate, and in turn ... [ Read More ]