One of the effects of the economic recession is the depreciating value of mortgage rates. Foreclosures and mortgage interest rates have been on a high during the past months due mainly to the economic downturn.
Aside from that, consumer spending has caused millions of unemployment, which led to homeowners’ inability to pay for their mortgages. Lending [...]

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Over the last few weeks we have been working on a few FHA Streamline Refinance loans and we have missed out on closing them in the month of October. Now we will have to wait until the last week of November to close them.  You might be asking yourself, why?
Well, the major reason why we [...]

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I just got done checking interest rates and they are the lowest that I have seen them in about four weeks so now is an excellent time to purchase a home!
It is also a great time to purchase because housing prices in Utah and all over the country have plummeted and they are the lowest [...]

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This weekend I was watching the General Conference of The Church of Jesus Christ of Latter Day Saints with my wife and daughter.  One of the best talks that I heard on Saturday morning was the talk given by L. Tom Perry.
Elder Perry talked a lot about debt and not getting yourself in over your [...]

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For those of you new home buyers reading this, did you know that if you don’t have a downpayment of at least 20% or more that you will have to carry private mortgage insurance (PMI) until your loan is paid down below that 80% mark?
In the past, some people have gotten around this rule by [...]

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