Sell Your Condo Before 2027? Here’s Why It May Be Worth Considering
If you have been debating whether to sell your condo, 2026 may be a good time to take a serious look at your options. New conventional mortgage guidelines are changing how condominium projects are reviewed. Beginning in 2027, one of the biggest changes will be stricter requirements around how much money condo associations set aside […]
Bridge Loan for a Home Purchase: A Way to Rescue a Contingent Offer
A bridge loan for a home purchase can sometimes help a buyer remove a home-sale contingency and make a cleaner offer. That matters because a home-sale contingency does not always have to remain a home-sale contingency. If you are a listing agent and receive an otherwise strong offer that depends on the buyer selling their […]
Before You Reduce the Listing Price, Consider a 2-1 Buydown
When a home is sitting on the market, one of the first conversations is usually: “Should we reduce the price?” Sometimes the answer is yes. But before automatically cutting the listing price, it is worth asking a different question: Would the same money make a bigger difference if it were used to lower the buyer’s […]
Salt Lake County Housing Market Is Shifting — What Buyers and Sellers Should Know
The Salt Lake County housing market is shifting, and the numbers are starting to favor buyers more than they have in recent years. Inventory is up. Homes are taking longer to sell. Buyers have more choices, and sellers are facing more competition. That does not mean the market is falling apart. It means buyers and […]
Freddie Mac Expands Asset Depletion Mortgage Guidelines
Have plenty of money in savings or investments, but not enough traditional monthly income to qualify for the mortgage you want? A major update from Freddie Mac could make that easier. Freddie Mac has expanded its asset depletion mortgage guidelines, allowing more borrowers to use accumulated assets as qualifying income when purchasing or refinancing a […]
Buying a Home in Utah With 1% Down
Buying a home in Utah with 1% down may sound too good to be true. For many buyers, the biggest challenge is not the monthly mortgage payment. It is the upfront cash needed for the down payment. That is why the 1% down program can be such a helpful option for qualified Utah homebuyers. If […]
VantageScore Mortgage Update
For years, mortgage lenders have mostly used FICO scores when reviewing a buyer’s credit. But that is starting to change with the new VantageScore mortgage updates. Fannie Mae, Freddie Mac, and FHA have all started moving toward allowing VantageScores in mortgage underwriting. That may sound like a small technical change, but for some buyers, it […]
UWM VantageScore Update: What FICO and VantageScore Mean for Homebuyers
UWM VantageScore changes are giving mortgage brokers another way to help qualified buyers get approved for a home loan. United Wholesale Mortgage recently announced that brokers working with UWM now have access to both FICO® and VantageScore® for conventional loans. That may sound like a small credit update, but it could make a real difference […]
Utah Spring Housing Market: What First-Time Buyers Should Know
The Utah spring housing market brings more listings, more buyers, and more competition. For first-time buyers, spring can feel exciting and overwhelming at the same time. The good news? A little preparation now can make a huge difference once the market heats up. Below are practical first-time home buyer Utah tips to help you walk […]
What Today’s Housing Market Is Teaching Buyers
If the past year has felt confusing for buyers, that’s not your imagination. Today’s housing market has been unpredictable, emotional, and often at odds with the headlines. Rates moved. Inventory shifted. Advice contradicted itself. And a lot of people were left wondering whether to act or wait. But uncertainty isn’t useless. In fact, for thoughtful […]