801-532-2553
alanlopez@frontlinefinancial.com
Apply Now
Secure Doc Upload
Frontline Financial, LLC Logo
Blog Image: The Little-known Mortgage That Doesn’t Require a Down Payment

The Little-known Mortgage That Doesn’t Require a Down Payment

A conventional mortgage loan requires a 20% down payment. If you are a first-time homebuyer however, saving up tens of thousands of dollars can seem like an impossible task. Of course, there are loan programs, like FHA mortgages, that allow for low down payments, but they often have stricter requirements. For some of those programs, you may have to pay higher interest rates, have better credit scores, or pay higher mortgage insurance fees.  Fortunately, there is a little-known mortgage loan that requires no down payment and minimal fees: the USDA loan. USDA Loan Defined These are mo...

September 9th, 2020 | Government Loans, USDA Loans, The Little-known Mortgage That Doesn’t Require a Down Payment

Blog Image: Is It Good to Refinance With a Low Mortgage Rate?

Is It Good to Refinance With a Low Mortgage Rate?

Refinancing is the process of changing the terms of your mortgage loan to a new one under the same or new lender. This means that the loan agreement, such as the mortgage interest rates, monthly contractual payment (MCP), loan terms, and the maturity date, is changed under a new deal. For the most part, borrowers consider refinancing whenever the real estate market’s mortgage rates are seemingly low. However, many people have been asking this one question: “Is it good to refinance with a low mortgage rate?” We’ll be answering this crucial question in the fo...

September 2nd, 2020 Is It Good to Refinance With a Low Mortgage Rate?

Blog Image: Should I Refinance into a 15-year Mortgage Now?

Should I Refinance into a 15-year Mortgage Now?

Mortgage interest rates are at all-time lows right now. It’s obviously a great time to refinance for lower rates and payments. Perhaps you are interested in paying off your mortgage loan faster though. Is refinancing into a shorter loan a good idea right now too? Interest Savings A 15-year fixed rate home loan is a popular option for borrowers looking to be mortgage-free sooner. These shorter loans come with even lower interest rates than 30-year mortgages, allowing homeowners to save thousands in interest. For example, for a borrower with a home valued at $300,000 with a 20% down ...

August 26th, 2020 | Refinancing a Home, Should I Refinance into a 15-year Mortgage Now?

Blog Image: Is It Time to Refinance Your Mortgage?

Is It Time to Refinance Your Mortgage?

Most people purchase their homes with a mortgage. While the funding is meant to make it easier to afford big-ticket items and pay for them over an extended period, sometimes the loan conditions can become a big burden on your finances. When it comes to the cost of borrowing money, timing is critical. The current economic situation determines the cost of borrowing money. When the economy is doing well, mortgage rates go up. In a downturn, the government will lower interest rates to encourage people to spend. If you are currently paying off your mortgage and rates take a dive, it is still pos...

August 17th, 2020 Is It Time to Refinance Your Mortgage?

Blog Image: Do You Have Enough Money to Buy a House?

Do You Have Enough Money to Buy a House?

When potential buyers are ready to begin their dreams of homeownership, they often start by looking at real estate listings. The asking prices are the starting point for determining how much home a buyer can afford, but there are plenty of other costs and fees not spelled out in that one number. By looking at all the associated expenses, you can decide if you have enough money to buy a home. Down Payment Most mortgage loans require at least some down payment (VA loans for military are one big exception). A conventional loan an require as much as 20% down. For a $250,000 home, a 20% dow...

August 12th, 2020 | Purchasing a Home, Do You Have Enough Money to Buy a House?

Blog Image: Top 5 Perks of a VA Loan – What to Know

Top 5 Perks of a VA Loan – What to Know

VA loans, which take their name from the United States Department of Veteran Affairs, are home loans offered exclusively to members of the US military. To take advantage of a VA loan, one does not have to be on active duty. However, the USDVA does prescribe an active-duty service requirement based on when you served. Technically, VA loans are not provided by the government. Instead, it works with third-party mortgage loan providers and guarantees a portion of that loan. Given its intended purpose, VA loans have several unique perks afforded to veterans and active service members a...

August 10th, 2020 Top 5 Perks of a VA Loan – What to Know