Current Utah Mortgage Rates
Quick Mortgage Definitions / Terms / Facts
What is Loan-to-Value?The loan-to-value is your loan amount divided by your property value. For example, the loan-to-value on a $100,000 house with a $75,000 loan amount is 75%.
What is the difference between a Fixed Rate loan and an Adjustable Rate mortgage?
The interest rate of a Fixed Rate loan is set for the life of the loan. The interest rate of an Adjustable Rate loan fluctuates with the market according to the parameters set within the loan.
First Steps to Getting a Mortgage?
Get a Free Credit Report!The first step to getting a mortgage is to know your credit score. Understanding your credit report is a critical part to getting your mortgage. Raise your score while you shop for your home to get the lowest rate at closing, with a few easy steps you can easily raise your score in within a few months.
