Private Mortgage Insurance: Reassessing Equity and Saying Goodbye to PMI

Oct 24, 2023 | Mortgage

The maze of real estate terms and mortgage specifics can sometimes feel overwhelming for many homeowners. Among these, Private Mortgage Insurance (PMI) often becomes a distant memory for those who’ve been steadily paying their mortgage over the years. However,...

Veteran Programs for Housing

Nov 8, 2022 | Home Tips

Let’s talk VA loans. There are a lot of veterans out there or folks with veteran family members, and a VA loan offers a fantastic opportunity to get into a home for you vets. Of course, there are service requirements. But the basics are that if you have served for 90...

Essential Guide Before You Apply for a Mortgage

Dec 21, 2021 | Buy a House, Buying a House, Mortgage

Applying for a mortgage is a huge step in anyone’s life. With home prices in SLC rising continually, the thought of having enough money to buy a home can seem ridiculous to some. But, we’re here to tell you that there’s nothing to be afraid of. In...

Understanding Interest Rates

Mar 27, 2018 | Interest Rates, Salt Lake City homes, Salt Lake City real estate

In January 1991, I bought my first home.  It was a Graystone two-flat duplex on the north side of Chicago.  I put 10% down on a 30-year fixed rate mortgage, at an interest rate of 9.5%.  That was a little more than twenty-seven years ago, and interest rates...

More on financing Salt Lake City Condos

Mar 11, 2010 | FHA Loans, Kevin Coyle, Salt Lake City condos, Salt Lake City real estate, Utah Condos

After writing last weeks Blog entry, I started wondering what percentage of Salt Lake condos actually sold FHA in the last 6 months.  So I went to the Wasatch Front MLS and did a little research.  I chose to evaluate three areas and price ranges. Area and price range...