Tag - utah mortgage

“Communicate Well With All Parties Involved”

"We had an incredible experience working with Sara Bachynski at ALV. Sara is so personable and great to work with. She really went above and beyond to not only get the job done, but provide incredible service while doing so. Her ability to educate her clients and communicate well with all parties involved is nothing short of spectacular. Sara, you rock!" -A. Evans
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Now Offering Utah Housing!

We are excited to announce we are now offering Utah Housing for first-time home buyers!

Due to the highly competitive market, it’s a harsh reality that first-time buyers might need an extra boost to gain entry into the market. This Utah Housing program can give them the support they need!

The program is dedicated to increasing accessible and affordable housing throughout the state of Utah, which is why they offer several mortgage loan programs to help first time buyers be able to purchase a home. These 30-year fixed-rate loans range from FHA and VA loans to conventional loans.

If cash at closing is a problem for you, the Down Payment Assistance Second Mortgage program could help you purchase with little to no cash investment. Basically, it’s like taking out a first and second mortgage, and the second mortgage covers your down payment.

A client of ours that used the Utah Housing program for their down payment had this to say, “Working with ALV made the initially terrifying process of buying my first home feel so much more doable. They connected me with a great program that assisted me with my down payment, which made all the difference when I submitted an offer on the home we loved. I’m grateful for the team’s patience in explaining everything to me and always being available for phone calls when I needed clarification. ALV did a great job working with us through the process and helping us make our first home purchase a possibility.”

We can provide the same experience for you! We’ll take the time to explain the ins and outs of the program and be readily available to answer any questions you may have throughout the process.

If you are worried that your lack of down payment may affect your chances of competing in the market, although it can be a challenge there are programs like this out there that are dedicated to helping more first-time buyers get homes.

If you think you or someone you know could benefit from this program, reach out and let’s review your situation, and get you qualified so you can begin your home search!

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“Best Loan Arrangement for Your Situation”

"Sara is a gem. Personable, cares about getting you the best deal and best loan arrangement for your situation. She's knowledgeable and creative and actually helps you!!! I would recommend her to anyone." - K. White
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“Made the Process Quite Simple and Understandable”

"Charles Mimnaugh was very attentive and communicative. He followed up constantly and promptly. He made the process quite simple and understandable. He never was pushy. He also believed in his product." -B. Dixon
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“Makes Sure You Understand Every Step on the Process”

"Sara is incredible! She really makes sure that you understand every step on the process and reaches out to you regularly to check in. I appreciate her so much!" -C. Whear
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“They Will Be the First Place I Call for the Next One”

"I used ALV Mortgage and have zero regrets! They clearly answered every one of my many questions through out the whole process. They put in the effort to with my situation. They will be the first place I call for the next one."-C. Karamian
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Lock & Shop Options – Helping Offset Rising Rates

It’s no secret we are living in a rising interest rate environment. And with it comes uncertainty and a tricky market that makes purchasing a new home or investment property a bit more of a challenge. We are now offering a brand new, innovative program called Lock-and-Shop. This awesome program is a helpful tool that allows you to lock in an interest rate before you find a home, giving you a huge advantage in the current market - TIME. With a limited supply of homes for sale, it may take you longer to find a home you’d like to purchase. It could be a few months between your pre-approval and you going under contract. During this time interest rates have the potential to rise to the point where you no longer qualify for a mortgage, or you can’t afford a home in your price range. Any increase in your debt load or mortgage payment could prevent you from qualifying. That’s why this program is amazing because it allows you stay qualified while you shop for a home. So how does it work exactly? We lock in your interest rate for 120 days even though you have not found a house. The best part is this program comes at no extra cost to you! However, there is a change depending on how long you’d like to lock for. Let’s say a 30-day lock has an interest rate of 5.25%, then a 120-day lock may have an interest rate of 5.5%. When you do find a house if rates are higher good for you, you’re already locked in at a lower interest rate. However, if rates go lower, we do offer an option where we may be able to negotiate a float down to the current market rate. We’ve been seeing a lot of success with this program. Back in February we locked rates for five buyers who were actively looking but hadn’t found the home they wanted to purchase yet. Three of them just went under contract last week and we were able to use a previously locked-in interest rate, that was a full percentage point lower than today’s market rate. Saving them about $400 a month on their mortgage payment! Plus, if you have been considering building a house this program is perfect for you too. Due to rate increases thousands of people who began building a house last fall no longer qualify. They have not only lost their construction deposit, but time they could have been in another house. So, in addition to free 120 day locks we also offer 180, 270, and 360 day locks. (However, these longer locks do require a 1% deposit which will be refunded when you close on your house). If you know anyone who started building a house but then couldn’t qualify or if you have been thinking about building your dream home but don't want to risk interest rates going up, then let’s look at using this program for you. We can lock in your interest rate today for up to 360 days giving you the peace of mind to build, know what your interest rate and payment will be once complete, and know that you will qualify for the loan once the house is built. The Lock-and-Shop program can give you an exceptional opportunity in this market. So if you are serious about purchasing this year and think this program could benefit your situation, give me a call and let’s talk about getting you locked in a rate today.
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5 Questions to Ask Yourself Before Deciding to Buy a Home

Thinking about purchasing a new home this year?

Here are a few questions to ask yourself before buying a home:

1. How long do I plan to live in this house?

2. Where do I see myself in 5 or 10 years?

3. Do I have to or want to make home improvements?

4. Do I want to keep cash on hand for other investments?

5. How quickly do I want to be debt-free?

If you have answers to these questions, give me a call to discuss your options for purchasing. 

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“Every question was answered patiently and quickly”

"Working with Anthony and his staff was great! I had a lot of questions about the mortgage process and how the money for the down payment was calculated. Every question was answered patiently and quickly. I couldn't have asked for better service." -D. Ogden
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