Buying a home can be SCARY…Until you know the FACTS
Some Highlights:
Many potential homebuyers believe they need a 20% down payment and a 780 FICO® score to qualify to buy a home. This stops many people from even trying to jump into homeownership! Here are some facts to help take the fear out of the process:
- 71% of buyers who purchased homes have put down less than 20%.
- 78.1% of loan applications were approved last month.
- In September, the average credit score for approved loans was 737.
What Is Final Expense Life Insurance?
Purpose: A whole life insurance policy providing $2,000–$35,000 in coverage to cover funeral and end-of-life costs. Eligibility: Requires no medical exams; approval based on answering basic health questions, making it accessible for most individuals.
Trump’s Economic Policies Impacting Housing
Mortgage rates may stay elevated at 6-7% due to inflation and monetary policy. Proposed tax changes could boost homeownership through mortgage deductions and capital gains adjustments.
Utah legislators reject ‘preemption,’ stop two housing bills intended to permit smaller homes
Utah lawmakers are struggling to tackle the state's housing affordability crisis, as recent bills promoting smaller housing types have stalled. HB88 and HB90, which proposed mandatory accessory dwelling units and smaller lot sizes, faced local government...
Happy Mardi Gras
Utah House Committee Votes Against Bills That Make Housing More Affordable
A Utah House committee did not vote on two housing bills, HB 88 and HB 90, aimed at addressing the state's housing shortage, despite support from the governor's office. HB 88 would allow detached accessory dwelling units in urban residential zones, while HB...
Ready to Buy a Home in 2025? Get the Inside Scoop
Start preparing finances early: Ensure credit is good, calculate affordability, and get ready to make a competitive offer.Current market improvements: 2025 offers better opportunities for buyers after high prices and limited options in 2024.
Cut Your Insurance Premiums: Simple Savings Tips
Maintain a Good Credit Rating: Strong credit scores often lead to lower premiums for auto and homeowner insurance.Drive Safely: A clean driving record and good grades for students can significantly reduce insurance costs.
Utah lawmakers say no to ‘preemption,’ halt 2 housing bills aimed at allowing smaller homes
Utah lawmakers are facing challenges in addressing the housing affordability crisis, with two bills aimed at allowing smaller homes failing to progress in the legislative session. Rep. Ray Ward's proposals, which included permitting accessory dwelling units and...
Tips for Finding Bargain Houses in 2025
Start house hunting in January to benefit from lower prices and reduced buyer competition. Hire a local Real Estate agent with expertise in undervalued properties and market trends.
A Utah bill requiring 60 days notice to raise rent fails
A Utah bill requiring landlords to provide two months' notice before raising rent has been halted for the third consecutive year. The House Business, Labor, and Commerce Committee rejected HB182, which aimed to give tenants more security. The Utah Rental Housing...
