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First-Time Home Buying 101: Understanding Mortgages, Refinancing, and Interest Rates
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Do you wish to own a home one day? You, like many, also want to have a place they can call their own. But it’s highly unlikely you’re going to be able to pay out of pocket. Unless, of course, you have $533,000 sitting around in your savings account. If…
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Are You Ready to Buy Your First Home in Utah?
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Are you ready to buy your first home? Take our quiz to find out: (Link to internal quiz) Are you a first-time home buyer? Buying a home is one of the largest financial decisions you will ever make! Unless you can pay in cash, you’ll need a mortgage. A mortgage…
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Current Utah Mortgage Rates: A Look Inside
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Utah Mortgage Rates as of September 22, 2024 This past week, we have seen a slight decrease in rate with most of the mortgage types and a slight increase in rates for Conventional 15 Year Fixed Utah Mortgages. By far the most substantial change over the past week is with…
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The Ultimate Utah VA Home-Loan Resource: Tips for Veterans
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A VA home loan is a mortgage option available to veterans, active-duty military members, and their families, guaranteed by the U.S. Department of Veterans Affairs (VA). In Utah, VA loans provide several key benefits, including no down payment, no private mortgage insurance (PMI), competitive interest rates, and flexible credit requirements.…
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Is Now a Good Time to Refinance in Utah?
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First of all, what does it mean to refinance? The process of refinancing has the goal of replacing a homeowners existing mortgage with a new one! The new mortgage typically has more favorable terms for the homeowner to live life more comfortably. This could mean securing a lower interest rate,…
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VA Home Loans in Utah: A Complete Guide
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What are Veteran Administration Home Loans? Veteran Administration home loans are a type of mortgage backed by the U.S. Department of Veterans Affairs, designed to help eligible veterans, active-duty service members, and certain members of the National Guard and Reserves achieve homeownership. These loans offer several advantages, including no down…
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Frequently Asked Questions About Mortgage Rates in Utah
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1. What are the current mortgage rates in Utah? Mortgage rates can vary daily based on market conditions. For the most up-to-date information, please check our current rates page or contact one of our mortgage advisors. 2. How do mortgage rates in Utah compare to the national average? Utah’s mortgage…
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Utah Housing Market Forecast for 2025
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Utah Housing Market in 2023, 2024 The median home sales price in May 2024 has increased in the past 3 months to $545,900. That’s up 3.1% and $16,300 higher than May 2023 of last year. That is higher than the national median home sales price of $439,716. The real estate…
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Your User-Friendly Guide to Buying a Home in Utah
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Great! You’ve decided to set roots in Utah, the land of stunning landscapes and vibrant communities. But before you picture yourself sipping tea on a cozy porch overlooking the Wasatch Range, there’s the hurdle of navigating the home-buying journey. This guide will provide a one-stop shop for buying a home in Utah real…