Brett Mills MBA, CMB, AMP, BLM, CML

NMLS# 11431

Area Manager - Producing

Brett Mills MBA, CMB, AMP, BLM, CML
Area Manager - Producing

NMLS# 11431
State Lic: ID # MLO-11349; WY # 337; UT # 5499154; AZ # 0914694;
2307 N Hill Field Road
Suite 105
Layton, UT 84041
Direct: (801) 614-5099
Fax: (801) 614-5098
Mobile: (801) 628-6771
brett.mills@academymortgage.com

Purchasing or refinancing a home is one of the largest financial investments most people make during their life. Undoubtedly, the largest investment deserves the best mortgage advice from an industry leader. The questions you may have about what mortgage loan type will best meet your needs, what down payment options and grants are available, will buying a home allow me to still live a comfortable lifestyle, and any others are all important questions to Brett Mills and you can be sure his team will be able to answer them with confidence, respect and compassion. Working with Brett’s team is a completely different experience than being “sold” a mortgage. Our team focuses on your unique situation and making sure we provide you with tailored quality mortgage planning assistance and/or advice.

Brett Mills began his mortgage banking career in 1998. Since then, Brett has made significant contributions to the industry and received many notable distinctions and awards, all of which speak to why if you reach out to Brett Mills you will receive the best possible mortgage solutions. A few notable accomplishments include:

• Consistently ranked in the top 14 mortgage originators in the nation by the Scotsman Guide and Mortgage Originator Magazine. Mortgage professional America recognized Brett on the Hot 100 list of most influential individuals in the Mortgage Banking industry.

• Top 1% Mortgage Originators in America by Mortgage Executive Magazine.

• #1 Utah Housing Mortgage Originator and member of Utah Housings Mortgage Advisory Board.

• Brett Mills is the only Loan Officer in the nation who holds a Masters of Business Administration, Certified Mortgage Banker, Accredited Mortgage Professional, Certified Mortgage Lender, and is the recipient of the Mortgage Bankers Associations prestigious 2009 Willis Bryant Award.

• Recipient of Utah Business Magazines Forty Under 40 designation given to those who have achieved tremendous success by becoming a standout in their field and demonstrated exceptional leadership.

• Honorary Commander to the United States Air Force which has made him keenly aware to the unique challenges facing military families and allowed Brett to become the VA Mortgage expert.

• Brett has created a highly skilled and nationally recognized mortgage origination team to allow all of your mortgage decisions to be made in his office. Your file will be processed, underwritten, closed, and funded in his office which allows you to receive confident answers and fast closings.

• Brett and his team are specialists in FHA, VA, Conventional, USDA, State Housing programs and grants, and Construction Lending.

Brett Mills and his team realize you have options when selecting your mortgage company and loan officer and they thrive on serving you. Brett has worked diligently to become the sought after industry expert and invites you to contact his team today for a free, no obligation custom mortgage plan and quote. In short, Brett and Academy Mortgage Corporation offer you more products, extremely competitive rates and fees and the best advice you can get in the mortgage industry.

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This is the 3rd time we have used Academy Mortgage and if we ever needed to do a home loan or refinance in the future our first choice would be Academy Mortgage.Edward Cosnyka

NMLS# 11431

State Lic: ID: MLO-11349; WY: 337; UT: 5499154; AZ: 0914694;

Corp Lic: ID: MBL-671; WY: 1386; UT: 5491140-MLCO; AZ: BK-0904081;

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Don't believe these 3 credit score myths

Checking your credit score is generally a good idea before taking out any new credit, like a residential mortgage, auto loan or new credit card. But, according to a survey from MoneyTips, 14% of Americans have never pulled their credit reports, and nearly half haven't looked up their three-digit score in six months.

Not only are many consumers unaware of what their credit score is or how to find out, but many also hold false notions about what the score means. Here are three commonly held myths about credit scores and the truth behind them:

Myth No. 1: Checking your credit will lower it

This is a common misconception that many people hold. It's most likely derived from the fact that a hard pull on your credit report really can lower your score. Unfortunately, however, this myth has caused many people to neglect to check their score or pull their own report for fear of lowering it.

To understand this myth, it's important to know the difference between a hard inquiry and a soft inquiry on your credit. A hard inquiry is when you apply for credit and the lender pulls your credit report.

If you apply for multiple credit cards or loans in a short period of time, thus implementing multiple hard pulls, creditors may interpret that has an inability to secure any credit and is considered a red flag. Therefore, your credit score will drop a few points, CreditKarma reported. It most likely won't be enough to disqualify you for anything you would have been eligible for otherwise.

A soft inquiry, on the other hand, is any time your credit is pulled by yourself or someone who's not seeking to give you credit. For example, your employer or landlord may pull it at some point as part of a routine background check. This won't harm your credit.

You can - and should - check your credit report on your own on a regular basis. You're entitled to three free credit reports every year: one from each Experian, TransUnion and Equifax. Simply order one from annualcreditreport.com, a government-mandated website that provides consumers free access to their credit reports.

Myth No. 2: When you get married, you get a joint credit score

When you get married, you'll combine a lot of things: your kitchenware, your book collection and maybe even your finances. But you'll never get a joint credit score; every individual always has his or her own unique score. Despite this fact, a survey from MoneyTips found that nearly three-quarters of respondents believed that when two hearts become one, so do their credit scores.

However, when you and your spouse apply for credit together, the lender will analyze and make a decision based on both party's scores. As such, it's always a good idea to have the "money talk" with your beau before applying for a home loan or any other form of shared credit.

Myth No. 3: I can't get a mortgage because my credit is too low

Your credit report is one of the many documents your mortgage lender will need to review before finalizing your home loan. The better your score, the easier it may be to obtain a loan, and the lower the interest rate you might qualify for.

However, that's not to say that if you have a low credit score, you can't get a mortgage. According to a survey conducted by Fannie Mae, many Americans falsely believe that a score of at least 650 is required to get a home loan. In fact, Fannie Mae only requires people to have a score of 620. Some programs will even work with prospective homebuyers with no credit history at all.

If you think your score is too low to get a mortgage, don't let that stop you from homeownership. Reach out to your lender to find out if you qualify - there's no harm in asking.

To get more information about applying for a residential mortgage, contact Academy Mortgage. We can help you decipher your credit score and help you discover what loans you're eligible for.

Academy Mortgage is one of the top independent purchase lenders in the country as ranked in the 2015 CoreLogic Marketrac Report. Visit www.academymortgage.com to find a loan, get a rate, or calculate your payment today.

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Homebuyers are seeking out larger homes

The downsizing trend appears to be on its way out. Instead of tiny homes and condos in the city, homebuyers are looking to spread out in larger homes, according to a report by Zillow. The Group Report on Consumer Housing Trends found that half of all homebuyers are under age 36 and that median square footage of new homes is up, signaling that Millennials are utilizing their spending power to upsize their living spaces.

This comes in reaction to the uncertain years during and after the Great Recession, when the home buying and homebuilding sectors dropped dramatically and took years to recover. Now, buyers are back on the market, and they're turning to larger lots of land and bigger houses to suit their needs.

Buyers are spending for more square footage

The study found that 83% of home buyers were on the market for a single-family detached house, and that 78% of those searching indeed wound up purchasing a single-family home. These kinds of homes - often equipped with a back yard and garage - tend to have more space, which lines up with a trend in rising square footage. A new review of census data found that median square footage in newly constructed houses is up 20% since 2000. In the last 17 years, median square footage in newly built homes jumped from 2,000 square feet to 2,500 square feet today.

In 2016, the typical home purchased in the U.S. had an average of 1,900 square feet, three bedrooms, one partial bathroom and 2.2 full bathrooms. While upsizing in a big way, Millennials still tended to purchase slightly smaller homes than Generation X and Baby Boomer buyers. The study showed Millennials' homes had a median size of 1,800 square feet, while Gen X and Baby Boomers bought homes with a median 2,000 and 1,950 square feet, respectively.

The median price of a home is $222,000, the report found, while first-time buyers tended to spend a bit less on their starter homes - $200,000. Generation X buyers spent the most on homes, coming in with a median of $245,000 spent on a home.

Giving a starter home lasting power

Once in their homes, the data showed that today's homebuyers aren't afraid of a little hands-on work. Fifty-seven percent of those surveyed made major improvements or repairs to the home they purchased, with 67% of Millennials undertaking major repairs to their homes. Meanwhile, 60% of Millennials asked the sellers to make major repairs to the property before committing to a residential mortgage or purchase. In contrast, just 31% of the Silent Generation, 35% of Baby Boomers and 52% of Gen X buyers requested repairs before closing.

The emphasis on home improvement and ultimate investment in repairs indicates what may be an emerging trend - longevity. While stretching their budgets to upgrade in space and amenities, today's buyers seem to be planning to stay in their newly purchased homes for a considerable duration, transforming the idea of a starter home into something with more lasting power.

Millennials in particular value homeownership in ways different to their older counterparts, launching over the concept of a starter home. Instead, these buyers tend to invest in properties on the higher ends of their budgets to get the open spaces they desire now, planning to remain in those homes for longer periods of time.

Academy Mortgage is one of the top independent purchase lenders in the country as ranked in the 2015 CoreLogic Marketrac Report. Visit www.academymortgage.com to find a loan, get a rate, or calculate your payment today.

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Is refinancing my mortgage a good idea?

https://academymortgage.com/news/article/industry-updates/is-refinancing-my-mortgage-a-good-idea I want the actual article to beable to post on my website, not the url. ×