Facebook

Blog

Should I Pay Mortgage Points?

If you are buying a home or refinancing, you have probably heard about “mortgage points.” This form of pre-paid interest can save you thousands of dollars over the course of your loan but in many circumstances is not worth the upfront cost. How do you know whether to pay points or not? Here’s a quick guide to help you figure it out. What are Mortgage Points? Mortgage points – also known as discount points - are essentially a way to pay some of the interest upfront on your home loan. One point is equal to 1% of your mortgage amount. For example, one point on a $100...

July 18th, 2018 | Purchasing a Home, Interest Rates, Should I Pay Mortgage Points?

What is the Difference Between FHA loans and Conventional Mortgages?

If you are just getting started in the home buying process, you have probably come across several different types of mortgage loans as you have researched your options. Two of the most common home loan types are conventional and FHA mortgages. What are the differences between them and when does each make the most sense? FHA Loans FHA, or Federal Housing Administration, loans are a government-insurance program that makes it easier for Americans without great credit or large down payments to become homeowners. When a borrower is approved for an FHA loan with an approved lender, the federal...

July 11th, 2018 | FHA Loans, Government Loans, Conventional Loans, Purchasing a Home, What is the Difference Between FHA loans and Conventional Mortgages?

Happy Independence Day 2018!

We wish you a Happy Independence Day and hope that your day is filled with great food, fun, friends, family and fireworks. Let us all remember the founding of our great nation and the freedoms we enjoy and all those that have sacrificed so much for us and our country. May we all come together to strengthen and protect freedom, liberty and independence for all. If you know of anyone looking for a mortgage? Please let them know that they can contact The Alpine Team at 801-912-8484 today and we can go over the best mortgage options for them.

July 3rd, 2018 Happy Independence Day 2018!

The Alpine Team The Pitfalls of Using 401K Money for Down Payment

There are some “gotchas” when you borrow from a 401(k) to purchase a home which could raise your total loan costs to a figure much higher than what you borrow. For example: During the period your 401(k) loan is outstanding, you’re typically prevented from making full contributions to your existing retirement plan. This means that you could forgo up to 5 years of retirement fund contributions, which could make a significant impact on you later in life. If your employer is one that matches 401(k) contributions, you miss out on those ...

June 28th, 2018 | #homestagingtips, 401K, Down Payment, Purchase Loans, homeloan, thealpineteammortgage, The Alpine Team The Pitfalls of Using 401K Money for Down Payment

What is the Difference Between Pre-approval and Pre-qualification?

When it comes to mortgages, there are two similar sounding terms that often confuse potential homebuyers: pre-qualification and pre-approval. While they are alike in some ways, their purposes are different. If you are looking to get a mortgage, here’s what you need to know about pre-qualification and pre-approval. Pre-qualification A home loan pre-qualification is an informal estimate of how much you can afford and how much a bank would be willing to lend you. It can take place on the phone, in person or even online. The lender will ask for relevant mortgage information, ...

June 27th, 2018 | First-time Homebuyers, Purchasing a Home, The Alpine Team, thealpineteammortgage, VA Loans, Pre-Approval, Purchase Loans, First Time Homebuyer, What is the Difference Between Pre-approval and Pre-qualification?

4 Things Every Borrower Needs to Know About Mortgage Brokers

Buying a home in Utah, whether for the first time or the last, is an exciting event. Yet before you even take a look at a single home for sale, it is a smart idea to have your mortgage financing lined up. While it is possible to get a home loan directly with your local credit union or bank, the most common mortgage-makers are mortgage brokers. If you are ready to apply for a home loan, here are 4 things you need to know about mortgage brokers before starting the process. A broker is a middleman Mortgage brokers act as go-betweens for you and many different potential lenders. Instead o...

June 20th, 2018 | mortgage brokers, thealpineteammortgage, The Alpine Team, Pre-Approval, Down Payment, VA Loans, First Time Homebuyer, 4 Things Every Borrower Needs to Know About Mortgage Brokers

Pages: 1 2 3 Next >

Bank of England Mortgage

3672 W South Jordan Parkway, Suite 102
South Jordan, Utah 84095
Phone: 801-912-8484
NMLS: 418481

 

Questions? Call Us at
801-912-8484

Find Us

The Alpine Team is powered by Bank of England Mortgage and has tried to provide accurate and timely information; however, the content of this site may not be accurate, complete or current and may include technical inaccuracies or typographical errors. From time to time changes may be made to the content of this site without notice. The Alpine Team may change the products, services, and any other information described on this site at any time. The information published on this site is provided as a convenience to visitors and is for informational purposes only. You should verify all information before relying on it and decisions based on information contained in our site are your sole responsibility. If you need specific details about any information contained in our site, you should contact The Alpine Team at (801) 912-8484. A reverse mortgage is a loan that must be repaid when the home is no longer the primary residence, is sold, or if the property taxes or insurance are not paid. This loan is not a government benefit. Borrower(s) must be 62 or older. The home must be maintained to meet FHA Standards, and you must continue to pay property taxes, insurance and property related fees or you will lose your home. This is not a commitment to lend or extend credit. All loans are subject to credit approval including credit worthiness, insurability, and ability to provide acceptable collateral. Not all loans or products are available in all states. If you are an individual with disabilities who needs accommodation, or you are having difficulty using our website to apply for a loan, please contact us at 800-669-0191. This contact information is for accommodation requests only. Bank of England Mortgage and Bank of England are not affiliated with any government agency. The Alpine Team is a division of Bank of England. NMLS 418481. Member FDIC Credit Counseling Disclosure | Preventing Identity Theft | Privacy Policy | United States Patriot Act