Don't tell the folks living in Utah as well as those who are investing about any housing bubble. Utah has been one of the slower appreciating housing state while the costal states have jumped up a lot. The secret is out on Utah, a few years after the Winter Olympics were held in Park City, Utah, people are flocking to the area and finding that they can purchase a good size home without having to break the bank.
Areas such as Draper, Lehi, Salt Lake City, Saratoga Springs, South Jordan, West Jordan and other surrounding cities have all experience huge growth the past few years and are expected to continue to grow with low unemployment. Lenders are starting to roll out their HARP 2.0 refinancing programs. Check with our network of lenders to see if you may be eligible to refinance into a lower rate even if you are underwater.
Learn more about getting a mortgage:
Applying for a Mortgage in Utah
Utah Mortgage Companies
Utah Auto Insurance
Utah Debt Relief
Learn More About Utah Mortgage Programs
Utah Interest Only Mortgage
Interest only mortgages are ideal for people looking to stay in their homes for less than 5 years. Consumers buying a home in a flat market should think twice about interest only home loans because they could potentially end up owing more money than the home is worth.
Refinancing your home in Utah could be a good idea if your mortgage rate is over 8% or if you need to lower your monthly mortgage payment to take advantage of ARMs.