Blog - Craig Franek

Buyer, Financing

Utah’s New Construction Grant

Did you hear about the $50M new bill Utah passed to help first-time buyers? It was decided some of the State’s “extra” money would be used to help buyers get into a newly constructed home. We are still waiting for the details, but in general this is what is known. The bill signed into law […]
Buyer, Financing

Where will you get your down payment?

Are you thinking about purchasing a new home in Utah, but worried about where you will get your down payment? Well, one of the good things about living in Utah is there are several options out there for you depending on your income level. You can research these options on your own, keep reading for […]
Financing, Seller

Refinancing at a Higher Interest Rate?

Like many homeowners, to me, refinancing at the same or higher interest rate makes almost no sense, and it may not be a common strategy, as it usually means paying more in interest over the life of the loan. However, I have heard it works when the right circumstances are present and I wanted to […]
Buyer, Financing

Non-Traditional Financing: Debt Service Coverage Ratio Loan

Are you a real estate investor looking to add properties or a person wanting to become a real estate investor? Do you have at least 20% for a down payment? The Debt Service Coverage Ratio (DSCR) loan may be the perfect option in either case to help you acquire your next property. This is a […]