Mortgage Mitch

06/27/2022

To the woman I love more than anything on this planet!!! I can’t believe it’s been 2 years! You make me the happiest dude out there. You’re the best mom, and I thank my Heavenly Father everyday I get to call you mine. Happy Anniversary!!!

05/15/2022

It’s buying season! Inventory has nearly doubled since February! More inventory, means more opportunity for first time home buyers. If you’ve been looking to get pre-approved, or want to see how my rates compare to your current lender. Message me immediately!

05/06/2022

With raising interest rates, the best way to fit a mortgage payment into your current budget is eliminate as much consumer debt as possible!! Eliminate credit cards, installment loans, unnecessary auto loans, and financed luxuries.

You might be paying a few hundred more in your mortgage because of rates, but not having that $450/month auto loan offsets the difference in your monthly budget. Not only that but your home APPRECIATES, and has tax advantages, whereas the auto loan depreciates in value.

2022 is a great year to own your first house. The market isn’t going anywhere in Utah. With the most stable economy as a state in the United States and a massive demand in housing, home prices will continue to go up. Get the house now, refinance later if/when rates go down.

03/17/2022

This info is important! Leveraging your homes equity, to buy investment properties will be the best move you make this year.

03/16/2022

Underwriting can be a process, but we’ve developed a system to streamline it, and remove as much headaches as possible. A huge part of this system is our processing core, and leader Kenzie! One of the best loan processors/LO’s in the state! She’s going to give us her top 3 tips to a smooth underwrite.

02/24/2022

Im giving you my top 3 reasons to look into doing a cash-out refinance. Utah home prices have skyrocketed. You’re sitting on a lot of new equity. 😎

02/24/2022

02/02/2022

Did a fun little “cribs” video at our office in Kaysville! We’re super excited to help even more people crush their real estate goals in 2022!!

02/02/2022

A fun little “cribs” tour for our office space in Kaysville! We’re super stoked to continue to help everyone crush their real estate goals in 2022!

11/09/2021

Conventional loan limits increasing in the majority of Utah from 548,250 to 625,000!! This is huge. Qualify for more home with LESS down, as well as saving about a quarter percent on your rate by not being in that jumbo loan territory. Winning!!

11/09/2021

Conventional loan limits are increasing to 625,000!! This is huge! Qualify for more house without the stress of ending up in jumbo or high balance territory. Lower rates, and less down payment. WINNING.

12/10/2020

A year ago, the 30-year loan’s rate was over a full percentage point higher. During this same time in 2019, these loans had an average rate of 3.73%

According to Market Watch, around 19 million homeowners could see lower monthly mortgage payments if they were to refinance at today’s levels.

Look at this math:

$300,000 30-year fixed loan made in 2019 at a 3.73% rate would be an estimated monthly payment (P&I) of $1,384
Total cost of loan over 30 years: $498,328

$300,000 30-year fixed loan made today (or refinanced today) at a conservative 2.7% rate would be an estimated monthly payment (P&I) of $1,217
Total cost of loan over 30 years: $438,045

Buying or refinancing today compared to 2019 in this example would save you an estimated $167 a month, and a MASSIVE $60,283 over the life of the loan.