Welcome to the AllUtahHomes.com Blog

2011-10-14 10:05:57
Shopping for Utah Homes for Sale?

Shop, Compare, Negotiate Mortgage Offers

Lady with colored shopping bagsEver feel like you’re at the mercy of your favorite mortgage lender? The U.S. Department of Housing and Urban Development (HUD) says that’s just not so. In fact, HUD wants Utah home buyers to “shop, compare, and negotiate” when it comes to securing a home loan.

Regardless of your race, religion, sex, or credit status, you always have options when it comes to securing a loan. First-time Utah home buyers are sometimes intimidated by the process. In truth, home owners collectively pay hundreds and thousands of dollars in fees and interest every year. Make no mistake, mortgage lenders will compete for your business.

Shop. Even if you have a favorite and trusted lender, shop around. It’s worth the little bit of extra time it will take and can help you feel more secure about signing on the dotted line. HUD offers an online mortgage worksheet at http://www.hud.gov/buying/booklet.pdf. Print it out and carry it with you when you shop for loans.

Compare.The HUD mortgage worksheet will give you an upper hand when you visit with mortgage lenders in person. Don’t be afraid to lay your sheet on the table and invite lenders to compete. Look at all aspects of offers you receive:

  1. Fees
  2. Points
  3. Interest
  4. Terms
  5. Repayment options
  6. Lender reputation and track record with accrediting organizations such as the Better Business Bureau

Negotiate. In today’s buyer’s market, Utah home shoppers are likely to see Interest rates and points change daily. HUD recommends checking local newspapers often so you can get a sense of the market’s direction.  If rates hit the floor, ask lenders to quote new offers and buy while the rates are hot.

Our licensed real estate professionals are wise. Years of experience in the Utah homes for sale market have taught us the art of negotiation. Let us help! Browse Salt Lake City homes for sale, Bountiful homes for sale, South Jordan homes for sale, or all Utah homes for sale online right now. Call us at 801-673-3333 and we’ll show you around Utah homes and the home buying process. We’ll stand by you every step of the way.

Blog Archive
2016-02-05 18:23:29
Open House! Saturday, Feb. 5

2015-12-11 12:03:37
Christmas at the Carsons'

2015-11-13 17:35:09
High East Sandy Location Low, Low Price

2015-09-25 14:23:29
West Point Open House Sept. 26

2015-09-19 09:39:54
WVC Open House!

2015-09-18 16:38:17

2015-09-14 21:13:44

2015-09-04 21:34:41
Four Labor Day Weekend OPEN HOUSES

2015-08-28 18:10:02
Sandy Open House, Saturday, Aug. 29

2015-08-21 21:57:47
Bountiful Open House, Aug. 22

2015-08-21 20:41:07
Sandy Open House, Saturday, Aug.22

2015-08-19 16:07:51
Sneak Peek at Stansbury Home

2015-08-12 19:26:12
Utah Top Agent Magazine Features Joel Carson

2015-07-17 12:51:35

2015-03-13 12:16:56
Open Houses Saturday

2014-10-08 13:59:46
It is a Wrap for Q3 Utah Home Sales

2014-09-01 18:23:14
Q. Do I Need a New Buyers' Agent for Every Home?

2014-08-26 18:07:40
Whoa: You Want to Buy a Pre-Foreclosure Home?

2014-08-19 14:56:55
Buying Utah Foreclosure Homes for Sale

2014-06-05 17:24:33
Summer Utah Home Market Heats Up

2014-05-30 21:24:31
Downtown Salt Lake Farmers Market Kicks Off

2014-05-09 08:08:56
Utah Move-Up Market on Fire

2014-05-09 08:08:56
Utah Move-Up Market on Fire

2014-05-07 18:18:52
April Utah Home Sales Slow, Prices Up

2014-04-23 12:49:13
Come Home to Shadow Mountain Subdivision

Click here to see ALL articles.

Comment on this Article

Your Name:
Your Email:
Verify:  Please enter the numbers shown to help eliminate spam.