1st Utah Mortgage.com is locally owned and operated. 1st Utah Mortgage.com are the preferred mortgage brokers in all of Utah. As a licensed mortgage broker, we can offer the lowest interest rates on mortgages and home loans in Utah. We guarantee you the best terms for refinance loans, low down payment loans, first time homebuyer loans, debt consolidation and second mortgage loans.

Utah Interest Rates - Buydowns

An interest rate buydown, or step down payment as it is also called, works with the current market rates. A type of buydown often used is the two-one payment, which means that you would pay above market rates at the begining of the loan and on the later half, you would pay below the market rates. This can work extremely well if timed right. You can time it right by paying above market rates when the market percentages are very low, and then pay below when the market rates rise. Another form of buydown is the three-two-one buydown. This acts much like the two-one, but is a more gradual change. For more information on buydowns, contact your interest rate professionals 1st Utah Mortgage .com at 801.593.1980.

More Utah Interest Rate Information:

• Annual percentage rate (apr)
  
• Adjustable rate mortgages (ARM)
  
• Interest rate buydowns
  
• Graduated payment mortgage (GPM)
  
• Fixed rate mortgage
  

Utah Real Estate Information

• Salt Lake City
  
• Provo
  
• Park City
  
• Orem
  
• St. George
  
• Ogden
  
• Layton
  
• Logan
  
• West Valley City
  
• Brigham City