Taylie Whitworth - Loan Officer

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United States
Salt Lake City, UT
Taylie Whitworth - Loan Officer

I'm a loan officer and can provide help with any mortgage needs. I work for a broker so I can find the best rates and get my borrowers the best lender.

I can do FHA, Conventional, USDA, VA and Non-QM loans. NMLS #2098233

05/16/2022

The mortgage process timeline: how long does it take?

If you are buying a home, you might me wondering how long the mortgage process will actually take until you can close. Well, it depends on your situation but most closings typically take 20-30 days. I have closed a loan within 15 days! There are a few factors that play a role in the mortgage process so that is why the timing varies.

Do you want to buy a home this year? 📲Message me today and I can help with the first step, getting pre-approved!

05/11/2022

When you start the mortgage application process, there are 3 major documents you should know:

1. Pre-approval Letter
2. Loan Estimate
3. Closing Disclosure

Understanding the differences and your options will make your home buying experience so much better.

If you plan on buying a home this year, message me today! Let’s get you pre-approved 😎

05/02/2022

Have you considered buying a rental property to make passive income? Well, here are some tips to consider!

1. Determine if buying a rental property is right for you! That may seem silly but there is a lot of work that goes into it.

2. Buy with cash or finance? You may get a better return when you finance and here’s why: An investor has a mortgage for 80 percent of the house, which compounds at 4 percent. After subtracting the operating expenses as well as additional interest expenses, this investor earns almost $5,580 in cash annually. With $20,000 invested, the investor’s annual cash return is about 27.9 percent. 🤑

3. Find the right location! Think about how the home could appreciate, what is around the area and what the demand is like.

Swipe through to see the other tips!!

Are you looking to buy another property? Message me today so I can help! I can get you pre-approved for FREE!

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04/26/2022

The ULTIMATE home buying checklist!✅

If you are buying a home, there are several things that you should consider checking off this home buyer check list.

Knowing what you have in the bank, what your budget is, and if you are pre-approved for a certain home price are just a few of the items that can help with the home buying process.

There is no exact science for buying a home but these tips will help guide you through the process.

♥️Save this post for when you are ready to buy a home and check off the items along the way.

Are you looking to get a mortgage for your future home? Message me today and I can get your pre-approved!📲

04/20/2022

Have you ever wondered what the difference is between pre-approved vs pre-qualified?🤔

While mortgage pre-approvals and pre-qualifications have many similarities, the process is very different.

Pre-Qualifications give you a general idea of what you can afford. You will provide basic info to your lender that is usually an estimate. Pre-qualifications are not strong enough to make an offer on a home.

Pre-approvals on the other hand provide a specific loan amount. You will send documents to verify your income, assets and liabilities. This is what sellers will want to see and be able to accept your offer.

Have you been pre-approved yet?

Message me today to see what you qualify for!📲

04/14/2022

There are so many mortgage options out there and it can be hard to know which one is best for you. Having an educated loan officer can help guide you to the perfect mortgage program but it’s important that you know what you’re getting yourself into.

-Adjustable-Rate mortgages can be great if you are wanting to live somewhere short term. You will have lower initial monthly payments and an initial lower rate that will adjust depending on what you ARM you go with (5/1, 7/1, 10/1, etc.)

-FHA might be the best option for you if you have a lower credit score

-VA and USDA require no down payment and have lenient credit qualifications but do have certain requirements

-Conventional loans are my personal favorite! They are great if you are looking to put less money down and want a fast closing. Sellers LOVE conventional loans and your offer will get accepted most of the time with a conventional loan

After looking through this post and seeing the pros and cons of each mortgage option, which loan program is best for you? 🤔
Let me know in the comments!

If you are looking to buy a home, message me today! I will help pick the perfect loan program just for you! Use the link in my bio to get pre-approved.

04/07/2022

Have you ever wondered what makes up a mortgage payment? There are 4 components that determine what your monthly mortgage payment will be:

1. Principal
2. Interest
3. Taxes
4. Insurance

When you are looking for a home it is important to know what monthly payment you can afford. Let’s say you are looking to buy a home for $500,000 with 10% down ($450,000 loan amount) and your interest rate is 4.5%. Your monthly principal and interest payment would be about $2,280. Then you have to add on your property taxes and insurance which could be an extra $300-500 depending on where you live.

In total, your monthly mortgage payment would be around $2,600 for a $450,000 loan amount and 4.5% interest rate.

Are you looking to buy a home this year or an investment property?🏡

Message me today to see what monthly payment you can afford! I can help go over all your mortgage options!

04/05/2022

You’ve probably been wondering what is going on with the mortgage rates and what it means for you. 🤔
Well, in just the past three months, mortgage rates have increased 1.32% (from 3.1% to 4.42% on average) and it doesn’t look like that will be slowing down anytime soon.

This may seem scary with mortgage rates rising and home values increasing, but keep in mind rates are still historically low. There are ways to lower your rate by buying it down or increasing your credit score.

So, what does this mean if you are looking to buy a home? It might be best to buy sooner rather than later if you are able. Both mortgage rates and home prices are still rising and the longer you wait the more it will cost.

There is a benefit to buying even while prices are high and that is EQUITY! You will grow your equity a lot faster than normal with this crazy market.

Are you buying a home this year?🏡

03/29/2022

Have you ever wondered how much it would cost to finish your basement? Well, this post goes over the expenses so, save it for later when you’re ready for a new basement!

The cost to finish a basement will vary depending on where you live, how big your basement is, type of material and any extra features you would want to include. The average cost to finish a basement is around $20,000.

Now, you may be wondering, how can I afford this and the answer is simple! By doing a cash-out refinance or a HELOC, you can use your equity to pay for it and possibly add in more equity with the improvements.

A cash-out refinance can be a great option for someone with a lot of equity in their home.

Do you want to finish your basement?

Get pre-approved today with the link in my bio to see if you qualify and how much cash you can get out of your home!
It’s FREE to get pre-approved!

03/23/2022

A renovation loan is a great way for homeowners to finance their renovation projects. Unlike a cash-out refinance or HELOC, this type of loan is wrapped into your mortgage loan and is based on the estimated value of your home AFTER the renovation.

With the estimated rise in home value after the proposed renovations, the amount you can borrower will increase and help you get a lower rate.

This type of loan is great for people who want a fixer-upper. Renovation loans can cover costs for installing HVAC systems, updating kitchens, or any other improvements. Buyers are able to gain equity faster than they normally would when buying a move-in ready home. Home renovation loans are also available for refinances.

Do you want to buy a fixer-upper?

Get pre-approved today with the link in my bio!

03/18/2022

Different type of post today but I wanted to break up all the mortgage info! Here is a picture of me that the wonderful took. Hit her up for your photography needs.

Fun Facts about me:
- I’ve been a loan officer for over a year now
- I’m from Utah but I have lived in London, New Zealand, Florida and now I’m back to my roots (Utah)
- I got married in August 2020 to my best friend
- I’m a fitness trainer at

Just a little about me! Message me today for your mortgage needs 😊

03/16/2022

This is for my self-employed people! If you are self-employed and want to buy a home this year, you might want to show you make more on your taxes. For a home loan, we qualify you based on the income stated on your taxes. Now, if you’re like me and write off as much as you can, your taxes might show you make less than you actually do. This could make it difficult to qualify for the loan amount you want.

These are a few tips I tell my self-employed borrowers as well as myself to follow when doing their taxes. So, if you are self-employed and want to buy a home this year, show that you make more and you can qualify for more!

**I am NOT a tax accountant! Please talk to a licensed accountant or tax professional to help with your taxes.**

Want to know what you qualify for? Message me today and apply online with the link in my bio!

Address

Salt Lake City, UT

Website

https://www.solitudemortgage.com/taylie

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