TrueRate Home Loans - NMLS #2509972

04/04/2025

🏡 Spring is bringing a shift in the housing market...

According to this KSL article, mortgage rates just dropped to their lowest point in 5 months — and with more homes hitting the market, we’re starting to see a transition from a seller’s market to a buyer’s market.

This shift means more opportunities for buyers — and more purchasing power as rates ease.

If you’re thinking about jumping in, now’s a great time to explore your options. We help buyers not only find the lowest rates, but also keep loan costs down so your money goes further.

Want us to run some numbers or compare what we can offer vs. another lender? I always love saving buyers money — and giving them a clearer picture of what’s possible.

Let’s talk strategy if you’re ready to make a move this spring. 🌷💰

The average rate on a 30-year mortgage in the U.S. edged lower for the second week in a row, a modest but welcome boost for prospective home shoppers in the midst of the spring homebuying season.

03/20/2025

Affordable housing is a major concern in Utah, and many are waiting for home prices to drop significantly before buying. However, affordability will most likely come from policy changes—like this one—rather than massive price declines.

Opening federal land for development can help create more options and opportunities for homeownership. At TrueRate Home Loans, we’re here to help you navigate these changes and find the best path forward.

If you’re waiting for the ‘right time’ to buy, let’s talk about what’s possible today!

Utah Gov. Cox heralded a decision to use some federal lands for residential developments as the biggest change Washington, D.C., could make to address housing affordability.

03/05/2025

𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲𝘀 𝗔𝗿𝗲 𝗗𝗿𝗼𝗽𝗽𝗶𝗻𝗴—𝗜𝘀 𝗜𝘁 𝗧𝗶𝗺𝗲 𝘁𝗼 𝗥𝗲𝗳𝗶𝗻𝗮𝗻𝗰𝗲?

Good news for homeowners and buyers—mortgage rates are coming down! But even with lower rates, it’s still important to shop around to find the best deal.

As an independent mortgage broker, we have access to multiple lenders, helping you secure the best possible rate and terms for your situation.

✅ Purchased in the last few years? Let’s explore lowering your monthly payment.
✅ Need to tap into your home’s equity? We can help with cash-out options for home projects, debt consolidation, or other financial goals.

Give us a call—we’d love to help you make the most of these lower rates!

📞 435-669-8003
📍 TrueRate Home Loans, Powered by Xpert Home Lending
NMLS #2509972

Although mortgage rates are based on bonds, and although bonds are constantly on the move throughout the day, mortgage lenders prefer to set the day's rates only once. From there, if bonds make enough of a fuss, lenders will issue mid-day changes for better or worse. Today was a bit of a roller....

08/06/2024

Wondering when to refinance your mortgage to maximize savings? 📉💰

With recent rate improvements, it's a hot topic! Should you wait for even lower rates or act now? Timing the market isn't easy, but I've got some insights that can help. Check out my latest article where I break down what you need to consider.

Have questions about your mortgage? I'm here to help!

https://www.linkedin.com/posts/rich-cordova-5a466223_mortgagerefinance-homeloans-financialplanning-activity-7226627349956415489-_Ne6?utm_source=share&utm_medium=member_desktop

08/02/2024

At TrueRate Home Loans, we believe in smart refinancing strategies that save you money and time. As rates tick down, it's crucial to have a plan that maximizes your benefits. Here’s why TrueRate Home Loans is the best choice:

Precision Navigation: Just like an experienced Olympic shooter, we navigate the mortgage landscape with precision and efficiency, ensuring you get the best rates without unnecessary complications.

Strategic Refinancing: Waiting for the lowest possible rate isn't always the best move. Refinancing when the opportunity exists with very low or no costs added to your loan balance can be a smarter choice. Many homeowners may find themselves refinancing multiple times over the next few years as rates fluctuate.

Tailored Advice: We provide personalized recommendations based on your unique situation. If you’ve obtained a loan in the last 12-18 months, especially an FHA or VA loan, now is the perfect time to call us for a quick conversation about potential savings.

Ready to explore your refinancing options? Contact us today at TrueRate Home Loans for advice and potential savings!

07/26/2024

Understanding your mortgage can be complex, but it doesn't have to be! At TrueRate Home Loans, we're dedicated to helping you navigate the world of home financing with ease. 🏡✨

According to a recent study by Fannie Mae, many homeowners are missing out on the benefits of refinancing. If you have a VA or FHA loan from the past 18 months, now might be the perfect time to explore refinancing options to lower your monthly payments and save on interest.

Here are a few key points from the study:

- Savings Potential: Refinancing can significantly reduce your monthly mortgage payments.

- Lower Interest Rates: Take advantage of the current lower interest rates compared to your original loan.

- Financial Flexibility: Refinancing can provide more manageable payment terms and potential cash-out options for other financial needs.

At TrueRate Home Loans, we believe in empowering our clients with the knowledge and tools to make the best financial decisions for their future. Whether you're considering purchasing a new home or refinancing your current loan, we're here to help you every step of the way.

👉 Ready to learn more? Contact us today to see how we can help you achieve your homeownership goals!



Link to the study in the comment section below.

07/24/2024

Today, as we celebrate Pioneer Day in Utah, I’m reminded of the pioneers who laid the foundations of our communities, and I feel a strong connection to their spirit of building and growth. I chose to become a mortgage broker while searching for a service I could provide to my community, one that I would be proud to offer to my own grandmother.

Over the years, I've found immense joy in helping people achieve homeownership and witnessing their progress in the "game of Monopoly" that is life. Homeownership, in my firm belief, is one of the most significant contributors to a family's personal wealth, and I am honored to guide families through this pivotal journey.

Whether it's purchasing a home or refinancing, I’m always happy to help. Today, let's celebrate the pioneers of the past and continue to build strong, prosperous communities together.

Happy Pioneer Day!

07/16/2024

Great news for potential homeowners! With 88% of investors expecting the Fed to start cutting rates in September, we could see lower mortgage rates on the horizon.

However, it's important to note that while lower rates are beneficial, they could potentially limit any relief in home prices. As a mortgage loan officer, I'm here to guide you through these changes. Whether you're looking to purchase a new home or considering refinancing your current mortgage, I can help you navigate your options.

For those who have purchased a home in the last couple of years, lower rates might offer an opportunity to refinance and reduce your monthly payments, helping to ease some of the inflation pressures we're all experiencing.

Feel free to reach out if you have any questions or need assistance. Let's work together to make the most of these potential rate changes!

The "last mile" of the Federal Reserve's battle against inflation may have shortened to a last lap after U.S. consumer prices unexpectedly fell in June, shoring up policymakers' confidence that they are winning the fight and paving the way to interest-rate cuts in coming months.

05/28/2024

🚨 New Opportunity for Future Homeowners! 🚨

At TrueRate Home Loans, we know that coming up with a down payment can be a significant hurdle when buying a new home. That's why we're excited to offer a new Down Payment Assistance program that can provide up to $15,000 in assistance! 🌟

🏡 Program Highlights:

Up to $15,000 in Down Payment Assistance: Qualified borrowers receive a 3% down payment assistance loan.

No Monthly Payments or Interest: The second lien has no monthly payment requirements and no interest.

Flexible Repayment: The balance is due only when the first lien mortgage is refinanced or paid off, but voluntary payments can be made anytime.

👥 How to Qualify:

Income-Based Qualification: Borrowers must be at or below 80% of the Area Median Income (AMI) and meet Home Possible® guidelines. Very-low income borrowers (below 50% AMI) receive a $2,500 credit as part of the assistance.

First-Time Homebuyer Option: First-time homebuyers (no homeownership in the last 3 years) can qualify with a 700+ FICO score and LTV between 95%-97%.

This program can help make your homeownership journey more accessible and affordable. If you're in the market to buy a house or working towards getting yourself into a position to do so, let's chat. This could be the opportunity you've been waiting for.

📞 Reach out to us today to learn more and see if you qualify for this supportive program. We're here to help make your dream of homeownership a reality.

05/15/2024

Current buyers are facing the challenge of high interest rates, making the home buying process tough. However, the prospect of lower rates could lead to increased demand. As a result, home prices continue to climb, and when rates drop and pent-up demand is unleashed, we may see even more upward pressure on home prices.

While state and local governments are working on affordable housing programs, these efforts will mainly focus on smaller, more affordable homes and some down payment assistance. Nonetheless, there are already fantastic loan programs available that can help with down payments. So, unless you're waiting for smaller, more affordable homes to hit the market, let's discuss how we can assist you in purchasing a home.

The stark contrast in net worth between renters and homeownership speaks volumes. Let's work together to make your homeownership dreams a reality!

The tide could be turning for Americans looking to buy a home.