Mark's Mortgage Minute

Should I Pay Mortgage Points?

If you are buying a home or refinancing, you have probably heard about “mortgage points.” This form of pre-paid interest can save you thousands of dollars over the course of your loan but in many circumstances is not worth the upfront cost. How do you know whether to pay points or not? Here’s a quick guide to help you figure it out. What are Mortgage Points? Mortgage points – also known as discount points - are essentially a way to pay some of the interest upfront on your home loan. One point is equal to 1% of your mortgage amount. For example, one point on a $100...

July 18th, 2018 | Purchasing a Home, Interest Rates, Should I Pay Mortgage Points?

4 Things Every Borrower Needs to Know About Mortgage Brokers

Buying a home in Utah, whether for the first time or the last, is an exciting event. Yet before you even take a look at a single home for sale, it is a smart idea to have your mortgage financing lined up. While it is possible to get a home loan directly with your local credit union or bank, the most common mortgage-makers are mortgage brokers. If you are ready to apply for a home loan, here are 4 things you need to know about mortgage brokers before starting the process. A broker is a middleman Mortgage brokers act as go-betweens for you and many different potential lenders. Instead o...

June 20th, 2018 | mortgage brokers, 4 Things Every Borrower Needs to Know About Mortgage Brokers

Mark in the Media

kutv.com/news/top-stories/stories/vid_7188.shtml  Shutdown Could Mean Utah Home Loans Slowdown (KUTV) "Business as usual" in the Utah real estate market could become business in slower motion, if the federal government shutdown drags from days into weeks. It hinges on a not-so-little detail necessary to make most home loans happen, tax transcripts from the IRS, which verify incomes. "You can't just walk into a lender and say, 'Here are my tax forms and here are my last two years of taxes,'" said downtown real estate broker Babs De Lay.  "They have t...

October 7th, 2013 Mark in the Media

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Mark Moyes (NMLS# 267431)

Phone: 801-999-0886 | Fax: 888-835-4067
746 East Winchester Street, ste 100,
Murray, Utah 84107
Intercap Lending (Corporate NMLS# 190465)
www.nmlsconsumeraccess.org

Intercap Lending NMLS: 190465