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Utah Mortgage Lender
Utah Loan Rates
LOAN RATES
Matt Christensen
LOAN SPECIALIST
HELOAN8.250% APR
HELOC8.250% APR
3/1 ARM5.750% APR
5/1 ARM5.750% APR
7/1 ARM6.125% APR
FHA/VA6.000% APR
15 Year Fixed5.750% APR
30 Year Fixed6.125% APR
Updated 09.07.2008
Featured Home In Herriman
FEATURED UTAH HOME
$259,900 - Herriman (84096)

This Rambler/Ranch Single Family home built in 2006 and has 3 bedroom(s), 2 bath(s), 2 car garage on .11 acres and 2,652 sq. ft.
 
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Utah Real Estate Market
BUYING A HOME IN TODAY'S MARKET
Buyer's market? Yes! Easy time to buy? No!

After dramatic appreciation increases in the Utah real estate market, home prices are now falling. Lenders are having to foreclose on more people than ever before. Consumers are tightening their wallets and waiting it out. All that adds up to a tremendous opportunity for you to buy a house IF you're properly prepared to do so. But how do you prepare in this market? What can I do to get the best deal possible and ensure a smooth transaction?

Step 1 - Get Pre-Approved, NOT Pre-Qualified!

Doing an over-the-phone qualification is simply not very useful these days. Lenders are VERY particular on who they lend money to, so take the extra step and meet with your Mortgage Professional and get an approval. A Mortgage Professional can give you an accurate estimate of your monthly payments would be based on different prices as well as fit you into the best loan program for you. They will review your credit profile to ensure that you would even qualify. If you don't qualify, they should work with you to repair your credit so you can be a home buyer in the future. The professionals in this market (Real Estate Agents & Mortgage Professionals) have to work extra hard to survive in this market. Use this to your advantage and work with qualified professionals that understand what it takes to get the job done legally and ethically.

Step 2 - Know What You Want!

There are over 35,000 MLS listings in the Utah real estate market today up 300% from 24 months ago. This is great for Buyers, but can be a bit overwhelming when you have so many choices. Figure out in advance where you want to live, how many bedrooms, bathrooms and garage size that is important to you.

Step 3 - Negotiate

After you and your Real Estate Professional have narrowed down homes that interest you, he/she should determine the motivation of the seller. Sellers are willing to negotiate and you should be able to secure a home at a favorable price. Generally the higher the price of the home, the more the seller is willing to negotiate. This is an exciting time for the Utah Real Estate Market and the Real Estate Agent that you work with should feel the same way.


Armed with this knowledge, you're ready to start shopping! We welcome you to utilize the free services that zoomUTAH.com provides and start your real estate experience.

Whatever you decide, be sure to get started NOW! Don't wait too long to buy your house as this market won't last forever! If you would like one of our Mortgage or Real Estate Professionals to contact you, give us a call at 801-266-2466.

Regards,
zoomUTAH.com Real Estate Professionals
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Featured Utah City
FEATURED CITY
Holladay, Utah Cottonwood mall was constructed in the 1960s. It is the first enclosed shopping mall in Utah. An ambitious plan to move the mall towards a more European-style outdoor shopping experience closed its doors in 2007 to start the reconstruction process.

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