(801) 655-3993 brent@loansybrent.com

2 Myths About Mortgages That May Be Holding Back Buyers

Fannie Mae’s “What do consumers know about the Mortgage Qualification Criteria?” Study revealed that Americans are misinformed about what is required to qualify for a mortgage when purchasing a home. Myth #1: “I Need a 20% Down Payment” Fannie Mae’s survey revealed...
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Whether You Rent or Buy, You’re Paying a Mortgage

There are some people that have not purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent free, you are paying a mortgage – either yours or your...
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‘Old Millennials’ Are Diving Head-First into Homeownership [INFOGRAPHIC]

Some Highlights: ‘Old Millennials’ are defined as 25-36 year olds according to the US Census Bureau. According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time home buyers is 31 years old. More and more ‘Old Millennials’ are...
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4 Stats That PROVE This Is NOT 2005 All over Again

Recent research by realtor.com examined certain red flags that caused the housing crisis in 2005, and then compared them to today’s real estate market. Today, we want to concentrate on four of those red flags. Price to Rent Ratio Price to Income Ratio Mortgage...
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Real Life vs. Reality TV: 5 Myths Explained

Have you ever been flipping through the channels, only to find yourself glued to the couch in an HGTV ‘show hole’*? We’ve all been there… watching entire seasons of “Love it or List it,” “Fixer Upper,” “House Hunters,” “Flip or Flop,” “Property Brothers,” and so many...
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How Do Rising Prices Impact Your Home Equity?

Yesterday, we shared the results of the latest Home Price Expectation Survey by Pulsenomics. One of the big takeaways from the survey is that over the next five years, home prices will appreciate 3.5% per year on average, and cumulatively will grow by around 18%. So...
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Where Are Home Prices Headed Over the Next 5 Years?

Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey. Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts, and...
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What States Give You the Most ‘Bang for Your Buck’? [INFOGRAPHIC]

Some Highlights: Thinking of moving across the country? How far will your money take you? The majority of states in the Midwest and South offer a lower cost of living compared to Northeast and Western states. The ‘Biggest Bang for your Buck’ comes in Mississippi...
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Luxury Home Sales & the Impact of the Stock Market

In a recent post, CoreLogic looked at the correlation between stocks and the sales of upper-end properties ($1 Million+ sales price). The report revealed:  “The powerful ‘wealth effects’ generated by the rapid rise in equities between 2009 and 2015 drove a large rise...
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Real Estate Values Today Compared to Pre-2008 Peak

This housing market has many people talking about home values; where they are and where they are headed. It’s also interesting to look back and see how home prices compare to values prior to the housing crisis. Every quarter, Freddie Mac releases their House Price...
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Home Sales Up in Every Price Range over $100K!

The National Association of Realtors’ most recent Existing Home Sales Report revealed that home sales were up rather dramatically over last year in five of the six price ranges they measure. Homes priced between $100-250K showed a modest increase at 3.4%. This not...
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Buying Remains 36% Cheaper than Renting!

In the latest Rent vs. Buy Report from Trulia, they explained that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States. The updated numbers actually show that the range is an...
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Do You Know the Impact Your Interest Rate Makes? [INFOGRAPHIC]

Some Highlights: Interest rates have come a long way in the last 30 years. The interest rate you secure directly impacts your monthly payment and the amount of house that you can afford if you plan to stay within a certain budget. Interest rates are at their lowest in...
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Thinking of Selling Your House? Pick the Right Agent!

Today, more and more sellers are stepping back, taking a look at the advice real estate professionals give them, and asking themselves whether they can trust that advice. And that is exactly what they should do. The most important question you can ask when you are...
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New Home Sales Up 25.4% Last Month!

According to the latest Census Bureau Report, sales of newly constructed homes soared to new heights in June to a seasonally adjusted rate of 592,000. This marks the highest annual rate in 8 years.  Trulia’s Chief Economist, Ralph McLaughlin had this to say: “New home...
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What Homeownership Means to Americans

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Security

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Family

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Responsibility

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Happiness

Are You Purchase Ready?

Know Your Ceiling

I pre-approve you for the top of your affordable range. That way you know you are ready for any home you find below that number. Search with confidence.

Shake Out Challenges

The Pre-Approval process identifies any potential financing challenges. That’s a good thing because we can create a plan to overcome those challenges.

Be Taken Seriously

Imagine receiving two purchase offers at the same time — one is is Pre-Approved and the other is not. Which one would you take more seriously?

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Close More Quickly

A Pre-Approval gets the heavy lifting of the loan process out of the way. This helps you close more quickly.

Pre-Qualification

You can be Pre-Qualified in a conversation. We discuss your goals, credit history, employment, income, debts, and assets. We review the pros and cons of available financing options and narrow down the best fit for your plans. Our conversation will give you a lot of useful information, and even a solid game plan to finance your house, but it is only a conversation. Ultimately, we want something more substantial…

Pre-Approval

Most real estate agents won’t take you out to look at homes without a Pre-Approval. This step includes all the information to get Pre-Qualified but with a real difference — documentation. We build a file that documents your financial information (credit report, pay stubs, bank statements, etc.). We specify a loan program, purchase price, and interest rate. And finally, we submit your scenario for underwriting. Once we have an underwritten approval, we issue a Pre-Approval Letter that your real estate agent includes in any offer you make on a home.

Get Started Now

Brent Knapp is an excellent mortgage broker. We have used him multiple times to refinance our home. He is responsive and timely, excellent traits for his line of work. Resourceful, too. I remember a time that we ran into difficulties created by a prospective lender. Brent not only helped us through that challenge but was able to find a work-around that ending up getting us a better deal and saving more money. I give Brent Knapp my highest recommendation if you are looking to refinance your home.

Byron Martin

Attorney, Strong & Hanni

Brent made the usually unpleasant experience of working with lenders pleasurable! He understands the market, it’s intricacies, is patient!! I really enjoyed working with Brent and can recommend him highly. I’ve done this 6 times in my life and he was by far the best experience.

Pam Payne

Vice President, Society of Incentive Travel Excellence

We have worked with Brent a couple of times now and keep coming back because of his honesty and professionalism. We have also recommended him to family members that have had good experiences as well.
Our last experience was quick and convenient. Brent was great at communicating information quickly and really kept us in the loop. I’m confident we’ll be coming back when we finance our next home!!

Jeff Barrett

Business Development, SIRQ

When Should You Refinance?

Lower Rate

There are a number of ways to lower your mortgage payment. An obvious option is to lower your interest rate. Even a small reduction in rate can have a dramatic affect over time.

Eliminate Mortgage Insurance

We have more than one option to eliminate, or at least reduce, mortgage insurance — even if you don’t have much equity.

Use Your Equity

A cash-out refinance allows you to use your home equity to pay off debt, remodel the kitchen, buy a new car, or pay for your child’s college tuition.

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Choose Your Term

You have more choices than just a 15 or 30-year term. Now you can choose any specific year you like. Already been paying for three years? Get a 27-year term mortgage.

Save Money

When does it make sense to refinance? I can’t decide for you, but I can give you information and feedback to help you make the decision. I know this: a refinance should be simple, it should be fast, it shouldn’t cost an arm and a leg, and most of all, it should save you money! 

Get Started Now

I worked with Brent on two occasions. First was in securing a mortgage for a home. He was very flexible in working with my unique situation and addressing my needs to help me get into the home my wife and I wanted. I later approached Brent again for a refinance of the same mortgage. Brent is very responsive, gives you detailed information about the process and communicates well status of where things are. I’ve enjoyed working with him on both occasions and would highly recommend him.

Paul Beck

Manager, Adobe

I have had Brent help me with financing loans on three homes that I have purchased. He has been timely, professional and personable. I have found that I don’t have to worry when Brent tells me he will do something – it always gets done as promised and when it’s promised. I highly recommend Brent for services in mortgage financing.

Kay Christofferson

Civil Engineer, Horrocks Engineers

Brent is fantastic to work with. I have used his services on multiple occasions for my mortgage needs. Each time Brent has been professional and proactive, with excellent and timely communication throughout the process. I will continue to use Brent in the future for all of my mortgage needs and have complete confidence in recommending his mortgage expertise to friends and family.

Chad Schoepke

Business Analyst, Progressive Leasing

Frequently Asked Questions

The pieces of mortgage financing are not overly difficult to understand by themselves — complication comes because there are so many pieces and how they affect each other is not always obvious.

Just as each person’s situation is different, so are the questions that need to be asked and answered. I can’t make your decisions for you, but I can give you the information you need to make the best choices and feel secure in your decisions. Please don’t be shy about what you need to know.

Email or call (801) 655-3993

What kind of clients do you work with?

We help real people finance and refinance homes, and have done it for over 20 years. Whether you are a first-time buyer, a move-up or move-down buyer, a current homeowner looking to restructure to a lower rate or term, or an investor adding to your inventory, we can help.

Do I qualify?

This is an important question for purchase and refinance loans alike. Everyone’s situation and goals are different — let’s get on the phone and create a game plan.

What is your turn around time?

Each individual financial situation determines the steps necessary to finalize the mortgage. In our experience, purchase loans happen very quickly because there is a deadline — everyone is motivated. They generally take 14 to 30 days. Refinancing tends to take a bit longer — 21 to 45 days — typically because the homeowner responds to requests more slowly than on a purchase.

Manifestos

Overview

You have a CHOICE when you need mortgage financing. For that reason, it is a PRIVILEGE to be considered for the job! Your goals and situation matter to us and we pledge to make this experience a good one…

Mission Statement

Simply put, we want to EARN  your goodwill so you think of us whenever you need a mortgage. Our mission is to provide professional advice, efficient processes, and unwavering integrity. Ultimately, we hope to nurture FRIENDSHIPS that make our work satisfying and meaningful.

Culture

Communication

  • We ANSWER the phone when called
  • We RETURN MESSAGES promptly
  • We give regular STATUS UPDATES
  • We ANSWER your QUESTIONS
  • We give the BEST ADVICE for your goals and circumstances

Integrity

  • We are OPEN and FORTHCOMING
  • We treat your information with the complete PROFESSIONALISM
  • We do our best to DELIVER on every promise
  • We pledge to be WORTHY of your business and trust

Assertive Process

  • We endeavor to make it so you NEVER WAIT on us
  • We treat your file as a PRIORITY
  • We always MOVE YOUR FILE to the next  available step in the process

Products & Rates

  • We offer COMPETITIVE rates
  • We offer CUTTING EDGE programs
  • We use our YEARS of experience to match you with the BEST option

Our Work Flow

Discuss and Decide

The very first step is for us to review your situation and what you want to accomplish. Then decide which option is best for you.

Build a File

The next step is to build a file with documentation to support your loan scenario.

Underwrite and Close

The last step is to have your file approved and cleared by underwriting and then sign the final papers.

Don't Be Shy

Drop me a line anytime, I am here to help.

 

Email or Call (801) 655-3993