Good Questions - Straight Answers

Buying a home may be the largest investment you will ever make.

Let me help to take the guesswork out of the process.

How do I get pre-approved to buy a home?

The first step to homeownership is getting pre-approved in order to know your maximum purchase price. Click on the 'Apply Today!' link to get started.

What are the top 3 factors in determining the type of mortgage I should apply for?

Credit history
Debt to income ratios
Down payment amount
To learn more about the different types of home loans visit this page or contact us today!

What is the difference between APR and interest rate?

The Annual Percentage Rate (APR) is the total yearly cost of a mortgage. The APR includes the interest rate, mortgage insurance, and other fees expressed as a percent of the loan amount. The interest rate is used to calculate monthly payments.

Does Security Home Mortgage offer 100% financing?

Yes, through Utah Housing, VA, USDA, and some grant programs. Ask me about the eligibility requirments for these programs.

How long does it take to get a loan?

There are many factors that go into the length of time it takes to process each loan. While the national average is 47 days, at Security Home Mortgage we expedite the process, making our typical time to complete a loan under 30 days. This time may vary depending on property types, the seller contract etc.

Why does Security Home Mortgage need to pull my credit if I already have a credit report?

The lender must obtain a credit report for each borrower on the loan application who has an individual credit record. The credit report must be based on data provided by the national credit repositories. Because of this, even if you have pulled your credit score, for the credit score to be considered valid it must be pulled directly from our certified credit bureaus through the loan application process.

If Security Home Mortgage pulls my credit will that hurt my score?

Typically pulling your credit report for a mortgage can lower your score by 3-6 points. You can typically recuperate those points within a month. After your credit has been pulled you have 30 days to shop for a mortgage with no additional penalty.

If I have had bankruptcy, short sale, or foreclosure in the past, can I still buy a home?

These regulations are continually re-evaluated, please contact me for information specific to your circumstance.

I just changed jobs last week, can I still buy a home?

Yes, we must be able to verify 2 years of work history. As long as you provide the appropriate documentation and we can verify your job history, you can purchase a home.

What is a reverse mortgage?

A reverse mortgage is a unique loan that allows homeowners 62 years of age and older to draw on the equity in their home. This equity is paid to the homeowners in a variety of payout options. For more information, contact me.