Articles & Advice

Buying a home is often a long process and this is certainly true when you might have delays relating to applying for a home loan. While you might want “as much home as possible”, it’s important to remember that your credit score is there for...

What Role Does a Prequalification Letter Play When Buying a New Home? While some might wonder how important a prequalification letter is, sellers’ ask for this letter by mistake. It’s true, a prequalification letter is not concrete approval but it at least lets the seller know...

Saving for a down payment is always a good idea but not always an option for home buyers that want to get on the property ladder sooner rather than later. It’s also challenging to save at a time when the cost of living is so...

The Federal Housing Finance Agency announced an additional fee for refinances on Wednesday August 12th. The new fee applies to refinances and is 0.5% of the loan amount. Fannie Mae and Freddie Mac have also announced they will implement this new fee. Unfortunately, this is something...

Choosing a home lender can be an intimidating process, especially for first-time buyers. However, the same hallmarks can be found with the most reliable lenders and basic research such as comparing rates is the key to finding the best possible home lender.   At the same time,...

If you worry that rates might rise between the closing date and time of application, you might be thinking about locking the interest rate on your home loan. It’s important to pay close attention to this rate because even the smallest rise in percentage can...

Your credit score is an influential factor when it comes to taking out a loan. If you have a high credit score, you are more likely to qualify but a low credit score can leave you high and dry in a time of need. In this...

For many individuals, taking out a loan is the only way to afford a property and an interest rate is applied to this loan which acts as a cost against borrowing the money. However, this interest rate will change from one loan to the next...

Refinancing can help you obtain a better interest rate and reduce the monthly payments on your mortgage. If you have a decent credit rating, refinancing is also an opportunity to move from a variable loan rate to a fixed-rate mortgage or even raise finance for...

At City Creek Mortgage, we’re proud to offer quality mortgage purchase programs to a wide variety of buyers and their varying needs. Our mortgage brokers work with everyone from first-time buyers to experienced real estate flippers, plus another group that’s growing in popularity every year...