• We are a professional Utah Mortgage company who is accountable only to you to get the job done.
  
• We provide access to hundreds of lenders in order to identify the BEST financing for your situation.
  
• You pick the options and programs that best match your goals.
  
• Our goal is to understand your situation in order to find the loan which is best for YOU . . . so we listen to you.
  
• You can apply on-line, via phone or in person . . you choose.
  
• PLUS, you will enjoy receiving our GOOD OLD FASHIONED customer service.

About Us

Mortgage Specialists, Inc. opened the Utah office in 1992. We provide professional experience to get-the-job-done for You anywhere in Utah. One call to us and we do the rest.

Single Family - Condo's - Rental
We offer mortgages for residential properties with one to four units. Borrowers receive the best rates available on to a wide range of loan programs.

Loan Amount from $30,000 to $3,000,000
Loan Programs:
Fixed Rates
          30-year          20-year          15-year          10-year

Arms

• T-Bill (max 2% per year increase with 6% cap)
  
• Libor (max 1% per 6 months with 6% cap)
  
• 10 year fixed rate the 1 year arm
  
• 7 year fixed rate then 1 year arm
  
• 5 year fixed rate then 1 year arm
  
• 3 year fixed rate then 1 year arm
  
• COFI cost of funds - negative direction possible

Balloons

• 3 year fixed rate then balance due or rolled over to remaining
  27 years at current rates
  
• 5 year fixed rate then balance due or rolled over to remaining
  25 years at current rates
  
• 7 year fixed rate then balance due or rolled over to remaining
  23 years at current rates

Conforming & Non-conforming Programs available.
Many more programs available.

We specialize in closing loans quickly and painlessly. We are available days, evenings & weekends to help You pre-qualify, ore get a loan approval fast!

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Frequently Asked Questions

What is the loan process?

Most people start by becoming pre-approved or pre-qualified with a Mortgage Broker. You are asked to complete an application and sign consent forms to start the process. You can be approved immediately. Once your loan is approved and all required information is gathered, a time will be scheduled for you to close on your new loan. You'll be asked to bring a 'certified funds' check to closing (if required).

That's all there is to the process.

How long will it take for the process to be completed?

Same day the documentation and authorization is received for pre-approval (credit history reviewed) or pre-qualify (without your credit reviewed). Once your supporting documentation is received, we can order & submit the Title Report & Appraisal to underwriting. Underwriting reviews all information submitted and requests any additional items needed to close. Closing documents are drawn and we'll meet you at the table.

Entire process: minimum 1 week from documentation received.

If you are purchasing a property, your loan will fund the day after closing & you move into the home. If you are refinancing, you have 3 days after closing to change your mind. You loan will fund the day after your 3-day's have elapsed. If you are receiving funds back, pick up your check & start spending.

What do I pay for?

You will pay the closing costs related to the loan unless you have: a) negotiated the seller to pay those costs, or b) increased the interest rate to cover those costs. If you are refinancing you can roll your costs into the new loan amount. (Most people set up an 'escrow' account with the lender, to pay your home owners insurance and property taxes each year.)

You are the one typically paying the costs via, loan amount, interest rate or high purchase price.

What if I don't have a lot of money to buy a home?

There are several programs available for home buyers without a lot of down payment.
There are even programs with zero down and you only pay some of the closing costs.
Call us today to discuss your specific needs.

How much money do I need to start the process?

An application deposit is not necessary when you select 'Mortgage Specialists'.
You save money by paying the Appraisal and Credit Report costs up-front, however, you are not required to deposit funds to start the process with us.

What is required for down payment?

The amount of money required will be a percentage of the total loan amount. The type of loan you apply for will determine the percentage required. The amount can vary from 3% for first-timers on residential property you intend to occupy, up to as much as 30 % on investment property for those who have little, or no experience as a landlord.

How do I know I'm getting the best interest rate?

That's where your Mortgage Broker comes in. They process your application and find YOU the BEST rate available from the wholesale lenders.

Does it cost me more to use a Broker?

No. The initial costs to start the process are the same or less. However, you usually pay less over the length of the loan because your Broker finds the best available interest rates and closing costs for you.

We tailor our service and programs to meet your specific needs.

How can I get Cash from my home?

Making a decision to refinance with cash back or get a 2nd mortgage can be easy once you have all the information you need. For no cost information on these programs and which best meets your goals, contact your friends at Mortgage Specialists.

Are Loan Officers Available at any Time?

YES. Our loan officers are also available evenings and weekends to help buyers purchase their new home. Call or eMail us today!

Mortgage Broker, Mortgage Lender or Banker?

A Broker can save you MONEY, TIME, and the FRUSTRATION of working with people who are not working for you.

What is the difference between a Mortgage Broker, a Mortgage Lender and a Banker?

BROKERS work for YOU.
Mortgage LENDERS work for the LENDER
BANKERS work for the BANK.

WHO DO YOU WANT IN YOUR CORNER?

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Supporting Documentation
Pick Your Processing Preference