SALT LAKE CITY, UT (June 12, 2019)- Purchasing a home is one of the biggest dreams in an individual’s life. A house that turns out to be the perfect retreat for the entire family, to create some beautiful memories to be cherished forever and have the comfort of calling it your own is indeed a dream that most people live for. Hence, it is of the utmost importance to have this house without undergoing any hassles of financial strain or any undue hindrances. Loan Remedy steps forward to make this process as smooth as it should be. Home loans help many people realize their dreams of owning their dream homes and different types of loans by Loan Remedy are doing exactly the same. The Utah mortgages specialists offer loans such as the VA loans for the veterans and the active servicemen and their families, FHA loans by the federal government for the situation when the money in hand is not enough to make the purchase, conventional loans and the jumbo loans.
All these different loans come with their special points. The VA loan for the veterans and the active servicemen and their families removes the requirement of any down payment or any private mortgage insurance (PMI) provided that the client has enough financial resources and good credit. However, the eligibility for this loan is highly stringent and needs formal verification in terms of Certificate of Eligibility (COE) issued by the US Department of Veteran Affairs. “This document confirms you satisfied the military service requirements and the home benefit is available to you.” On the other hand, the FHA loan by the federal government helps the clients when they do not have adequate money to pay for their homes and has some added benefits of low down payment (3.5%), flexible credit requirements, and no prepayment penalty. “This is a popular loan program for first-time homebuyers who are tired of renting and looking to purchase a primary residence.” Along with this, the FHA loan also has the provision of accepting gift funds from family members to help with the down payment and closing costs. But, even though the loan helps reducing the dollar amount for the home mortgage, it does come at a tradeoff with the payment of mortgage insurance. With the fluctuating home mortgage rates Salt Lake City UT, the need is to have interest rates that are highly competitive and makes it all easier for the clients.
About Loan Remedy:
Loan Remedy helps with Utah mortgages in order to facilitate the purchase of properties. Loan Remedy offers many loans to the customer to ease the process completely.
To read more about Loan Remedy visit https://www.loanremedy.com/utah-mortgages/.
Address: 4568 South Highland Drive, Suite 290
Salt Lake City, UT 84117
Phone: +1- 801-833-0778
Loan Remedy ensures ease of availing loans when purchasing a new property by allowing Utah mortgages. Loans such as VA and FHA make the process much easier owing to the elimination of down payments.