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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ARTICLES

Read these articles to educate yourself on the mortgage process and industry.

VIDEOS

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Academy mortgage, and the people who work there are the easiest and most knowledgeable people you could ever meet. It's like a well oiled machine. No unexpected surprises and very straight forward. I will recommend them to anyone I know who is looking for a mortgage company. Thank you Brett and your Team. You guys are AWESOME!!Daniel Green

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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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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How to find the perfect real estate agent

Making a home purchase is a big decision and a huge financial commitment. With the stakes so high, it's nice to have someone in your court to help you find a suitable home and advise you on making a good offer - this person, of course, is your real estate agent.

Finding a real estate agent that you like to work with and has your best interests in mind is the first step many people take in their house-hunting journey. But it takes more than just finding the first agent a Google search comes up with; it's important to know that the agent is experienced in finding the type of home you're looking for and is someone you can get along with.

Ask the right questions

Before looking at homes and reviewing residential mortgage options, interview a handful of agents to choose the right person to hire. Ask them:

If an agent is new to the industry or new to your area, he or she may not have the industry knowledge to find your ideal spot. This is one reason it's important to inquire about how the agent plans to find you homes to tour.

Some agents simply review the multiple listing service and quickly search for homes in your price range and preferred neighborhoods. Sometimes, this simple step is enough to find your ideal home; other times, a little more legwork is necessary. A dedicated and experienced agent will know how to seek out homes that aren't on the market yet or how to issue a direct mail campaign for their client, NerdWallet explained.

Look at their backgrounds

There are certain licenses and certifications that real estate agents either must or may want to pursue. Find out which qualifications your potential agents have.

First off, they should be licensed by the state you're looking for a house in. You can usually find this information online, Bankrate noted. Additionally, you may be able to find about any complaints filed against the agent through the regulatory body that licensed him or her. This information is good to know before moving forward with this person.

Next, find out what additional certifications the person pursued. An important one is a National Association of Realtors membership - this means the person knows, understands and adheres to a code of ethics with their clients. Other distinctions might include:

Agents may list these designations on their website or in acronyms on their business cards. Or, you can simply ask about additional training they've completed.

Make it official

Once you've determined who the best agent for you is, it's time to move forward with that person. Agents typically want their clients to be exclusive to them. Real estate agents make their money on the buying or selling of a home; if your agent helps you find a home but you wind up closing the deal with another agent, that person did a lot of work for no payout.

To protect themselves from getting swindled by inconsiderate or uninformed buyers, many agents require clients to sign a buyer's agent agreement. If you sign this form, legally you can't go with another agent unannounced. But, if you find that you and the agent aren't a good fit, you can terminate the contract and move on with someone else, Realtor.com reported.

If you haven't signed a contract but have met with the agent on several occasions, that person might assume (whether correctly or incorrectly) that you are exclusively working with him or her. This could simply be a rookie mistake on the agent's part, so you might want to step up and get clarification.

"Once you've found this special agent, you should sign a buyer's agent agreement to make it official," Rosanne Nitti, a california-based Realtor with RMN Investments & Realty Services. "This means you can both move forward with confidence - which is important when you're embarking on something as huge as buying a home."

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. ×