Logan Utah Real Estate Mortgages

HERA Mortgage Disclosure Improvement Act- Taking effect July 30th, 2009 The motive behind this new law is to help ensure that the home financing process is transparent. The goal is to help prevent deceptive lending practices and to make sure that the borrower is provided with enough details and t...

A realtor friend of mine, Kaleb Kunz, www.realestateinloganutah.com, introduced me to this awesome website, www.weebly.com, where you can set up a website for free.  It is extremely user friendly and you don't have to be an internet genius to do it. I just recently set up my website, www.loganuta...

7/17/2009 Watch for disount points to increase a little bit today. 30 year fixed 5.375% (APR 5.424%), 15 year fixed 4.75% (APR 4.844%) Interest Rates are still amazingly low. Let's buy some houses people! www.loganutahmortgages.com  

Mortgage Rate Update for 7/16/2009 Interest Rates came back down a little bit today following the yield on the 10 year bond this morning. 30 year fixed rates are hovering around 5.25% with 0 discount points (APR 5.345%) and 15 year fixed rates came down to around 4.625% with 0 discount points (AP...

07/15/2009... 30 year fixed mortgage 5.375% (5.424 APR), 15 year fixed 4.75% (4.835 APR) www.loganutahmortgages.com  

Within the past year there has been quite a lot of talk about the future of the mortgage broker. I've read a half of dozen articles by authors that think the mortgage broker will soon go the way of the buffalo. And recently a colleague of mine quit his job as a broker and became a loan officer at...

I believe that one of the worst things a loan officer can do is advise a borrower whether to lock or float. The loan officer that participates in this practice will almost always lose. Sure they might guess correctly a few times but ultimately this practice will come back to bite them in the butt...

An ARM ,or adjustable rate mortgage, is a mortgage product with an interest rate that is tied to a certain economic index and that is fixed for a certain period of time (e.g. 1,3,5,7, or 10 years). After the fixed period the interest rate will periodically adjust as the economic index changes. In...

I really don't think I would be a loan officer right now if it weren't for FHA. With conventional guidelines having tightened so much, we are turning more and more to FHA to help borrowers. Unlike conventional, FHA has no minimum credit score (although most every lender has a adopted a "lender sp...

A "no-cost refinance" is one in which the loan officer pays for the borrower's closing costs with a portion of the rebate, or yield spread premium, that he receives from the lender. What this means for the borrower is usually a higher interest rate. And so the term "no-cost" is a little misleadin...