Logan Utah Real Estate Mortgages

Your debt-to-income ratio is one of the key variables in determining whether or not you will be approved for a home loan, but it is also a tool that you can use to decide if a potential mortgage payment is affordable or not. The debt-to-income ratio refers to how much of your gross monthly income...

If you are buying a home in Logan, Utah a FHA mortgage can be a great option. Here is why...      1. Only 3.5% down payment required     2. The interest rates are not credit score driven. This means that whether you have a 620 credit score or 800 credit score, your interest rate will be the same....

Unless you live in a cave on a remote island somewhere you have heard that it is more difficult to get approved for a home loan than it used to be. Things are no different here in Logan, Utah. Your pay stubs, W2's, and tax returns are going to be looked at very closely to make sure that they matc...

Over the past couple of years I have written my fair share of pre-approval letters for borrowers here in Logan, Utah who are making an offer on a home, and it seems like the majority of the time they ask me to put that they are qualified for only the amount that they are offering. I was thinking ...

I sent out a pre-approval the other day to a borrower of mine here in Logan, Utah and for the first time I had the sellers real estate agent call me to ask if I had reviewed their income and asset documentation. I thought that this was interesting and it was obvious to me that this real estate ag...

I've heard some mortgage horror stories lately from borrowers that came to see if I could help them after their horrendous experiences.          True Story #1  This borrower had gone to one of the "big banks" in June of 2008 and did a loan application for a refinance to take some cash-out for an ...

Whenever I meet with a potential client, "What are your closing costs and interest rates?" is usually one of the first questions. It's a good question and one that I would answer even if it wasn't asked. The problem with this question is that it usually comes at the very beginning before I know a...

My wife and I love sweets. We probably eat something sweet just about every day. We especially love ice cream and frozen yogurt. And so when Tummi Yummi's opened up in Logan, Utah, you could say we were more than ecstatic. There are a few good ice cream shops in town but nothing for frozen yogurt...

I closed a loan this week that made me love my job as a loan officer even more and I thought I should write a blog post about it.   For the past year the Jones family (names changed for obvious reasons) didn't think they could get a mortgage to consolidate some medical bills that they had because...

Mortgage Rates for the Logan Utah Real Estate market as of 12/10/2009 Conventional-30 year fixed 4.875% (APR 4.987%)-15 year fixed 4.25% (APR 4.366%)-7/1 ARM 4.25% (APR 4.177%)-5/1 ARM 3.625% (APR 3.554%) FHA30 year fixed 5.0% (APR 5.566%)15 year fixed 4.5% (5.143%) USDA Rural Housing30 year fixe...