Recent Posts

  • Is it Time to Downsize?

    Posted April 23, 2014 By in Mortgage Education With | No Comments

    Hands holding small model houseThe societal trend of recognizing the joys of a simpler life has led to a surge of people looking to downsize their homes. Downsizing your home can be very beneficial, and is an attractive option for people who are looking to streamline their life, save some money, or prepare for retirement. Whether you’re looking to escape the noise of the city, or elevate your financial position, downsizing might be the answer.

    Different Ways to Downsize

    The most common reason people give for wanting to downsize their home is they’re getting ready for retirement and they want to unlock the equity in their home. Continue reading “Is it Time to Downsize?” »

  • That Moment You Know You’ve Outgrown Your Home

    Posted April 9, 2014 By in Mortgage Education With | No Comments

    Two hands holding a miniature model houseThe road leading up to the decision to upgrade to a larger home is one littered with subtle hints and defining moments. These moments accumulate into a big picture that lets you know you’ve outgrown your home.

    Pain in the Multi-Purpose Room

    It’s that moment when you’re crossing the space serving as your living room, family room, play room, and home office in the middle of the night, so you can get a drink of water in your galley kitchen, and you step on one of several Legos strewn across the floor, yelling out in excruciating pain, and waking up everyone in the house, because they’re all no more than 20 feet from you, that you know you’ve outgrown your home. This is the moment where you’d give anything for the kids to have a playroom. Continue reading “That Moment You Know You’ve Outgrown Your Home” »

  • What You Need to Know about Co-Borrowing

    Posted March 19, 2014 By in Mortgage Education With | No Comments What You Need to Know about Co-Borrowing

    A co-borrower is exactly what it sounds like – an additional borrower on a loan. The co-borrower’s name, credit history and income appear on the loan documents, along with the primary borrower’s information. The purpose of a co-borrower is to help the primary borrower qualify for a loan. Both the primary borrower and the co-borrower are obligated to repay the loan. In the case of a mortgage, the names of the co-borrowers are also the names of the owners on the title.

    A Shared Responsibility

    The responsibilities to pay as well as the ownership of the asset are both shared by the primary borrower and co-borrower. Co-borrowers are often joint applicants. Much of the time, co-borrowers are spouses or couples. One of the main reasons for co-borrowing is two people may qualify for a larger loan than they could qualify for individually. Continue reading “What You Need to Know about Co-Borrowing” »

  • What You Need to Know About The Truth in Lending Act

    Posted March 5, 2014 By in Mortgage Education With | No Comments What You Need to Know About The Truth in Lending Act

    The purpose of this Act is to protect consumers in the interaction with creditors and lenders, The Truth in Lending Act (TILA), was enacted on May 29, 1968, as title I of the Consumer Credit Protection Act. TILA was implemented by Regulation Z July 1, 1969.

    Several amendments to TILA and Regulation Z have been implemented since 1969, most recently the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. This act granted rulemaking authority under TILA to the Consumer Financial Protection Bureau (CFPB). It also included a number of new amendments to TILA, and in 2013, the CFPB issued rules to implement them.

    The most recent amendments became effective January 2014, including the additions of ability-to-repay requirements for mortgage loans, appraisal requirements for higher-priced mortgage loans, refined loan originator compensation rules, and loan origination qualification standards. Continue reading “What You Need to Know About The Truth in Lending Act” »

  • Tips for Comparing Loans

    Posted February 26, 2014 By in News With | No Comments Tips for Comparing Loans

    When you’re looking to take out a home loan, it’s important to compare mortgage options to find the right loan for your situation. Selecting a home mortgage loan can be a difficult task. The options and terms are numerous, so sorting through them is very important in the decision process. Getting familiar with mortgages and knowing how to compare quotes are key to selecting the right loan. Asking the right questions is important. Continue reading “Tips for Comparing Loans” »

  • The How and What of Pre-Approval

    Posted February 19, 2014 By in Mortgage Education With | No Comments The How and What of Pre-Approval

    Thinking of buying a house? Then you probably want to consider getting pre-approved for a loan. Pre-approval is when a lender has confidence you can make a down payment of a certain amount and that your income is enough to make the monthly loan payments. There are a lot of good reasons to seek pre-approval, and some steps you’ll have to take to get there. Here’s what you need to know.

    What You’ll Need

    Getting pre-approved for a home mortgage requires you to provide personal information found on certain documents*. The following are examples of the types of documents you may need: Continue reading “The How and What of Pre-Approval” »

  • Reasons to Refinance

    Posted February 12, 2014 By in Mortgage Education With | No Comments Reasons to Refinance

    There are many reasons refinancing can be a beneficial and smart move, and many of them come directly from looking at current interest rates. Refinancing is a great way to potentially lower your current interest rate (and payment). If you’re planning on staying in your home for a few more years, refinancing can save you in the long run.

    Now Is the Time

    Interest rates are still not far from recent all-time lows, which means that now is the time to see if there’s an opportunity to decrease your interest rate. Mortgage rates constantly fluctuate, so ask your mortgage consultant whether now is a good time to refinance. Continue reading “Reasons to Refinance” »

  • 100 Most Influential

    Posted January 17, 2014 By in News With | No Comments 100 Most Influential

    Axiom Financial Leader One of Most Influential in the Mortgage Industry

    Axiom Financial CEO and President Melissa Wright was recently named one of “The 100 Most Influential Mortgage Executives in America” by Mortgage Executive Magazine.

    Every year Mortgage Executive Magazine compiles their comprehensive list of leading mortgage executives. From that list the top 100 executives are chosen and recognized for the hard work and dedication they have shown in building their companies and servicing employees and clients. This special distinction is by invitation only and represents individual commitments to the mortgage industry.

    Wright has been with Axiom since its inception in 1996. Her experience and expertise has helped Axiom become recognized as a premiere mortgage lender in Utah.

    “Melissa’s recognition as one of the most influential mortgage executives comes as no surprise to me,” says Trevor Grant, vice president of PHH Home Loans. “Under her leadership, she has grown market share, forged tremendous bonds with her partners, and recruited a dedicated team of professionals that deliver results and exceed expectations day in and day out. We congratulate her for this recognition.”

  • Factors that Affect Your Home’s Value

    Posted December 31, 2013 By in Mortgage Education, News With | No Comments Factors that Affect Your Home’s Value

    When you’re thinking about selling your home,your first thought might be, “How much will it sell for?” The best way to get an accurate value on your home is to have it professionally appraised, but online home value estimation tools can put you in the ballpark. There are many factors that play into your home’s value, and some of them are beyond your control. Let’s take a look at what the value of your home consists of.

    Comparable Home Sales

    The sale price of other homes in your neighborhood will affect the value of your home. This doesn’t mean that the 10 acre spread a couple of blocks down will be compared to your home, but homes that are of a similar size, in a similar state of repair, and on a similar size lot, that have recently sold are a pretty good indication of what your home will sell for.

    Home Stats

    The size of your home and the amount of land it’s sitting on have a big impact on its value, but so does the usage of this space. A home that has more than one bathroom, an extra bedroom instead of a den, and a fully fenced back yard, for instance, Continue reading “Factors that Affect Your Home’s Value” »

  • Mortgages After Bankruptcy

    Posted December 26, 2013 By in Mortgage Education With | No Comments Mortgages After Bankruptcy

    Tips for Getting a Mortgage After Bankruptcy

    Years ago, those who filed for bankruptcy would have a hard time getting a mortgage for the entire 7-10 years their bankruptcy appeared on their credit. As bankruptcy became more common throughout the 1990s and 2000s, lenders began to change their views and relax their lending standards. Bankruptcy is now viewed as a fresh financial start, and if you can prove you’re making the most of it for the first 2-3 years, you shouldn’t have much trouble getting a mortgage.

    Monitor Your Credit Report

    Once your bankruptcy has been discharged, you need to make sure all of your former accounts are now reporting as discharged on your credit report. Now that your credit slate has been wiped clean, Continue reading “Mortgages After Bankruptcy” »

  • Page 1 of 912345»...Last »

© 2014 Axiom Financial, LLC. All rights reserved. NMLS #4642.

Equal Housing Lender