Concerned and Confused About Today's Mortgage Market?

Today’s Mortgage Market:

The atmosphere in today’s home finance market is extremely volatile, and the market is currently trying to stabilize after the negative impact of overly-aggressive mortgage programs combined with unsound or unheeded mortgage advice. Many borrowers were improperly advised or demanded programs that did not serve their best interest and put them at a high risk of getting “upside down”. These programs are now placing undue stress on ill-advised or overly aggressive buyers and investors, and higher foreclosure rates and declining home values on a national level are the end result.

How does it affect you?

The secondary market is demanding the extra security of higher interest rates and tighter credit restrictions in return for keeping the market “liquid” by purchasing the mortgage lender’s loan portfolios.  In addition, the lenient programs available only a few months ago are no longer being purchased and have either gone away or are now restricted to only a select few borrowers. The end result is fewer options and higher rates.

The Good News!

Conforming programs sponsored by Fannie Mae and Freddie Mac as well as FHA, VA, Utah Housing, Rural Housing, and other similar products have not had any significant changes and are still very near historic lows. Utah is also a very stable market overall, with areas such as Cache Valley experiencing very sustainable rates of appreciation and a few pockets still growing well above the national average.

What should you do?

Get the personalized financial advice you need to make an informed decision regarding your home purchase, construction, home equity or refinance needs. Call me today at 435-512-4051 for a free consultation. I will analyze your current situation against your long-term goals and give you the 3 Best Options in easy-to-understand language so you can make and informed and confident decision on your loan.

Customers First

Borrowers who are happy with the mortgage loan I helped them obtain are more important to me than anything else. My goal is to make the loan process as simple and worry-free as possible. I take great pride in offering the highest level of customer service, and appreciate the opportunity to earn your business. Whether you want to refinance for a lower mortgage rate, purchase a new home, open a home equity loan, or obtain a construction loan to begin building your dream home, my sole purpose is to satisfy your lending needs. By putting you first, I can assure you a pleasurable transaction.

Get fast answers

This website provides the tools to answer virtually any mortgage question. Trying to decide if now is a good time to refinance? Check out the Refinance Mortgage Calculator. Wondering if a new home equity loan or second mortgage can lower your monthly payments? Use the Debt Consolidation Mortgage Calculator! Confused by all the loan programs from which to choose? The Loan Program page will help you find the right type of loan for your current situation. I am also happy to prepare a personalized mortgage quote for the home mortgage program of your choice. Let me know and I'll be there for you!