If you dont think they are trying to socialize America. . .

I just read an article about the tax cut extension that didn't make it through the house. . . it said
"If congress doesn't act:

160 million Americans will see a payroll tax hike averaging $1,000 for each taxpayer.
2.5 million jobless workers will lose unemployment benefits.
Doctors serving Medicare patients will face a 27.4 percent drop in federal reimbursements."

But what they left out is that if they "do act" (which they already acted, they just acted in a way contrary to the way that that writer wanted them to) that they were gonna pay the 32 billion dollar price tag to give 160 million $1000 tax breaks, 2.5 million jobless benefits claims, and pay doctors who are working with medicare. They were going to collect 32 billion in FEES FROM PEOPLE WHO ARE BUYING HOUSES! They were not going to charge those fees to the banks lending money to people buying houses and making near %100 of what they lent over the course of a 30 yr loan. They were gonna take the money to pay unemployment benefits out of the pockets of people who are employed and buying houses!

Call your congressman, vote out the incumbent. This is ridiculous.

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House stops Senate's Tax-Cut Plan. Finally: a victory for the consumer.

The two month extension of the senate's tax cut plan was stopped dead today by the Republican controlled House. The tax cut would have been paid for by a 10 bps fee charged to those buying homes or refinancing starting January 1, 2012.
It seems that congress finally made a decision in favor of the consumer. It's about time.
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Rent a house vs. Buy a house

I ran this info through a rent vs buy calculator.
This is info for buying a 4 Bedroom house vs renting a 3 bedroom over the course of 10 years.
Kinda Crazy.

Down Payments - You only need 3.5%

I recently read a study that said that most people think you need a 20% down payment to buy a house. That is ABSOLUTELY NOT TRUE. It is very common to purchase a house with 3.5% down. The Federal Housing Administration has made this possible. So, if you're one of those people that thought you needed $30,000.00 to buy a house. Think again, for a $150,000.00 house the down payment is only $5250. Makes buying a house seem a lot more possible doesn't it. Give me a call and we'll see what kind of a house we can get you into. 801.341.7397

HUD Good Neighbor Next Door Program - 50% off houses for public servants.

If you are a Firefighter, Teacher, Police Officer, or EMT - boy do I have some news for you. For $100.00 down, you can buy a house for 50% off.

Yes, you heard me right, a house that's listed at $160,000.00 will only cost you $80,000.00 and you only have to put $100.00 down. It's called the Good Neighbor Next Door Program.

HUD currently has a good number of houses that it owns and wants to get rid of. So, as a service to those that serve the public, they will give you a forgivable loan (meaning you don't have to pay it back) for half of the home's value if you choose to buy one of the houses that HUD owns.

So, if you've got $100.00 and you are a Firefighter, Teacher, Police Officer, or EMT - stop throwing your money away into a rental. Let's get you into your own house while rates are LOW!

For more info go check out the Facebook Page

Saving for a down payment - a few pointers

So. You want to buy a house? Unfortunately, unless you're a US Armed Forces Veteran, the days of the $0 down mortgage are over. So for the rest of us that want to buy a house but don't have $40k lying around, there is the Federal Housing Administration. You can buy a house for as little as $100 dollars down, but usually the down payment is around 3.5%. 3 out of 4 houses in the US are actually cheaper to buy than rent when it comes to monthly payments. So what are you waiting for! Stop giving your money to a landlord!

Pre-Qualified vs. Pre-Approved

Every other "mortgage" website you go to will have a link somewhere that says something like "Click here to get pre-qualified."

All that a pre-qualification effectively does is let a company know you're looking for a mortgage in Utah, or wherever you might be. What you need is to get a pre-approval. This is a more involved process and involves a loan officer analyzing your credit and income to assess how much you can feasibly borrow for you mortgage.

If you are thinking about buying a house in Utah, give me a call and we'll start the process to get you a pre-approval so when you go out looking for a house, you'll be prepared to jump on one of the great deals that are for sale in Utah right now.