Posted on Wednesday, 4th August 2010 by chrisjones

Economic times are tough.  There are layoffs and threatened branch closings, all sorts of unrest in the labor markets.  The “recovery” hasn’t shown up at your door yet, and you’re considering going to work with your brother and opening that new office selling the supercool widgets he makes. It might be a great idea.  Can [...]

Tags: lehi lender, Lehi mortgage, lending Utah, mortgage qualifying, self-employment
Posted in Blog & News, Finance 101, General | Comments (0)

Posted on Thursday, 10th June 2010 by chrisjones

Freddie Mac is reporting that mortgage rates have hit a low for the year.  This news is being met with commentary about how borrowers and buyers seem unaffected.  Housing starts are down, purchases fell off a cliff the last 4 weeks…if rates are so great, where are the borrowers? Here are a couple of clues. [...]

Tags: lehi lender, Lehi mortgage, qualifying, running, utah mortgage
Posted in Blog & News, Finance 101, General | Comments (1)

Posted on Wednesday, 10th February 2010 by chrisjones

Many people have been asking recently how the Federal tax credit works for home purchases.  Here is the straight dope: If you: Have not owned a home in the last 3 years (this means you have not been on the title of a primary residence) Have income less than $250,000 last year Are purchasing a [...]

Tags: $8000 tax credit, federal tax credit, mortgage tax credit
Posted in Ask The Magician & FAQ, Blog & News, Finance 101, General | Comments (1)

Posted on Friday, 28th August 2009 by chrisjones

Specifically, Utah County.  Our latest batch of appraisals in the Utah County area have come in about 10% lower than projected.  Since we run all of our appraisals through the best AMC on earth, 1st Choice AMS, we know these are not appraiser-specific values.  These are across the board, almost all properties, all appraisers and [...]

Tags: lehi lender, mortgage shopper, utah mortgage, Utah Realtors
Posted in Blog & News, Finance 101, General | Comments (0)

Posted on Thursday, 4th June 2009 by chrisjones

Got a question from a client the other day that I hear a lot, so I thought I’d post my response to it, in the hope that it would be helpful to more than just her. Q: Why do I need to provide my social security number and birthday?  I’m not sure I want to [...]

Tags: approval, lehi mortgages, utah mortgage, utah mortgage broker, utah mortgage lender
Posted in Blog & News, Finance 101, General | Comments (0)