Have questions? Give us a call at 801-833-0778 or email us at hello@loanremedy.com

About Loan Remedy

  • Where is Loan Remedy licensed?

    Loan Remedy is a licensed in Arizona, California, Colorado, Florida, Georgia, Idaho, Michigan, Texas, Oregon and Utah.

  • What is Loan Remedy all about?

    Loan Remedy is a friendly and experienced Utah-based mortgage company made up of professionals who have seen firsthand how frustrating and challenging the traditional home buying process can be. Our goal is to make the mortgage lending process simpler and more accessible for people from all walks of life.

  • What if Loan Remedy is unable to approve me for a loan?

    Unlike traditional lenders, we’ll take the time to educate you and make you aware of exactly what you need to qualify for a home loan or refinance. If we can’t approve you, we’ll create a roadmap to help you achieve your goal of homeownership on your own timeline.

Loan Types

  • What property types are eligible for a Loan Remedy mortgage?

    Loan Remedy can help you get mortgages for primary residences, second homes, and investment properties. Whether your primary residence is a condo, a single-family home, or a planned unit development, we can help you get a mortgage for it as long as it qualifies as a residential property with four units or less.

  • What kind of loans can I get from Loan Remedy?

    At Loan Remedy, we offer several different loan options in order to make homeownership possible for more people. Those loan types include conventional loans, Veterans Affairs (VA) loans, Federal Housing Administration (FHA) loans, and US Department of Agriculture (USDA) loans. These options enable those with lower incomes, limited savings, and less-than-perfect credit to qualify for mortgages.

    We will always take the time needed to explain each type of loan so you can make an informed decision when choosing your loan product. Once you’ve chosen one, our meticulous experts tailor the loan to your needs and close it faster than the average mortgage company.


  • What’s the difference between a fixed and an adjustable mortgage loan rate?

    A fixed-rate mortgage means that the interest rate will stay the same from the day you take out the loan until the day you pay it off. An adjustable-rate mortgage (ARM), on the other hand, allows the interest rate to fluctuate. Over the course of the loan, it can go up or down as the market changes.

    Before you decide to take out an ARM, make sure you know when your payments are subject to increase, how high the interest rate could go, whether or not there’s a cap on interest rate increases, and if you’d still be able to afford your monthly payments under these circumstances.

  • What is included in my monthly mortgage payment?

    Our online services break down the components of your monthly mortgage, including the principal and interest. The amount we quote you, however, doesn’t reflect the factors that vary by location, including insurance (which you’ll need to obtain on your own) and taxes.

  • What is earnest money?

    In the process of buying a home, you are expected to show your intent to buy by providing the seller with earnest money (which is usually between 1% and 2% of the home’s purchase price), which is held in an escrow account until the sale is completed. If the buyer backs out, the seller generally gets to keep the earnest money unless the house doesn’t appraise high enough or the inspection reveals serious defects with the home. If the transaction goes through, the buyer keeps the earnest money and can use it as part of the down payment on the house.

  • What is an APR?

    APR stands for “annual percentage rate.” It’s a number expressed as a percentage that encompasses the overall cost of your mortgage, including the interest rate, closing costs, brokerage fees, and more.

  • What are closing costs?

    Closing costs go beyond the down payment on your home. They include the home appraisal, taxes, title insurance, homeowner’s insurance, private mortgage insurance, and other miscellaneous fees. Closing costs are typically 3% to 5% of the loan amount, and our friendly brokers will make sure you understand how much you’ll need to bring to closing and what kind of payment is needed.

  • How does Loan Remedy find the right mortgage rate for my needs?

    Loan Remedy isn’t one of those mortgage companies that sticks you with the first loan you qualify for without regard for your best interests; we carefully match you to the loan that best suits your financial and personal needs so that you love the mortgage you end up with!

    Our process begins with a discussion of your goals and expectations for a home loan as well as an analysis of your financial background, including your credit score, income, employment history, and more. This analysis is streamlined by the incredible industry technology at our disposal, which also helps us comb through the huge selection of mortgage products available in today’s market to find you an excellent deal in a fraction of the time. From there, we narrow your loan options down to the ones you qualify for and pair you with the one that best fits with your budget so you can get into your home sooner. It’s that simple.

Loan Remedy Promise

  • Why do I need to get a loan estimate?

    Loan estimates give you all the information you need on a loan, including monthly payments, interest rates, estimated taxes and insurance, and closing costs. These documents are our way of showing you that you’ll be getting the terms we promised and that there are no surprises if you decide to move forward.

  • How does Loan Remedy keep fees so low?

    Part of the Loan Remedy promise to you is to keep our rates and fees lower than those of competing lenders and brokers. Unlike many of our competitors, our integrated technology streamlines much of the lending process and allows us to cut overhead costs, thereby keeping fees lower for you. We aren’t looking for the best rates for ourselves — we’re only interested in identifying the loan option that’s best for you. We also offer a price match guarantee with a locked-in loan estimate to make sure you don’t pay more by choosing us.

  • Do I always need to get a home appraisal before getting a loan?

    A home purchase will always require an appraisal, but in the case of a refinance, you can sometimes get an appraisal waiver. Depending on the loan program and equity you’ve built in the home, you may not need an appraisal.

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