We’ve finally made the transition back to our original website of www.citycreekmortgage.com. We used this wordpress blog as a temporary place to interact with our clients, before launching the new and improved website. Click on the picture below to check out our new/old home. We look forward to seeing you at www.citycreekmortgage.com.
Many Americans today are stuck in the proverbial rut of debt. With the cost of credit card interest rising, and credit harder to obtain, some have reached the end of their rope. Others may not be in such critical circumstances, but may have improperly structured debts that are costing more interest than they should.
One of the greatest financial tools is tax deductable mortgage debt. For someone in a 25% marginal federal income tax rate with a 7% state income tax rate, a mortgage with a fixed interest rate of 5% will have an after tax interest rate of 3.4%. When fighting to get out of debt, it is much easier to make progress paying down a mortgage costing only 3.4% after tax vs. an unsecured credit line at 10%, or even a car loan at 6%.
My staff and I would like to express our gratitude and thanks to all of YOU who donated to our food drive. It truly was a wonderful success. We collected over $2000 worth of food and fed a total of 42 families. We couldn’t have done it without your help!
My staff and I had the humbling opportunity to deliver each of these meals to families and houses desperately in need this Thanksgiving. Due to your generous donations we were able to put food on tables that would’ve been bare or replaced mac n’cheese with a Thanksgiving Feast. Truly hearts were touched both in and outside each household. We would like to pass along the heartfelt tears of gratitude from each of these families back to YOU. We only wish we could fully express the feelings and emotions we experienced with each of these families.
May we once again say Thank You to all who donated and experienced the gift of giving this holiday season. We wish you all a happy and safe Thanksgiving and we hope the holiday finds you in the company of family and close friends.
Happy Thanksgiving from your City Creek Mortgage Family.
Don’t Cannibalize your Equity by Paying Closing Costs. One of the biggest mistakes homeowners make is continually adding to their principal balance by accruing loan fees to refinance every time an opportunity arises to lower their interest rate. With the average homeowner refinancing every three to five years, it’s no wonder mortgage balances are not reducing. Before they recoup the closing costs of their last mortgage, they refinance again, resulting in an ever-increasing loan balance.
The solution to this dilemma is a no-cost loan. This is a loan that will have a slightly higher interest rate than a loan that has fees, but all of the closing costs incurred are paid by us, not the homeowner. That way, the principal balance of the new loan can start out the same as the principal balance of the loan being paid off. There is not any equity lost, allowing the homeowner to maintain their strategy of paying down their mortgage, while still enjoying a lower mortgage payment.
We wanted to express our gratitude and thanks to all those who came out on Saturday morning and enjoyed some hot breakfast and donated to our food drive. We truly have the best clients in the world! We thank everyone who has donated and continues to support City Creek in all that we do. For those of you who haven’t had a chance to donate, there is still time! Our donation ends this Friday and we’d love to have you contribute and experience the gift of giving with City Creek Cares.
Below is a list of items still needed to feed our families. In addition to the items, we’re also excepting gift cards to local grocery stores for purchase of needed items. Feel free to drop off your items at our office Mon-Fri, 8am to 5pm. Thank you so much for your help!
Questions feel free to contact us at 801-501-7950, ask for Brad or Jodi.
This Saturday we will be collecting items for our Thanksgiving Food Drive. Come drop by City Creek Mortgage between 8am -11am. We will be serving a FREE Breakfast for all those who come and donate as our way of saying THANK YOU for helping those in need this holiday season.
Don’t Forget! Put it on your calender and we will see you Saturday morning!
For Details on FOOD ITEMS that we are requesting click on the turkey below!
Click on Me for Food Items Needed!
Just think – What if YOU were in NEED?
We will be celebrating 2 incredible milestones. First it is my 10th anniversary of coordinating the blood drive and secondly we will cross the 1000 pints of blood collected mark. So many lives have been improved and saved because of all your generous donations and we want to celebrate!
Please call me today at 801.501.7950 or email me at tobi@citycreekmortgage.com to schedule your appointment.
Sincerely,
Tobi Roberts
Your Blood Coordinator
I recently attended the funeral of a rock star. Not one that sings or plays in a band, but a metaphoric rock star; and one whose legacy will far outlive her days. As I learned of the impact she has made in this world, it caused me to challenge my own self-limiting beliefs and the thoughts they create in mind. I wondered what others will say about me at my funeral. As her surviving husband pointed out that each of our days are numbered, and how our time is limited, I realized that she did not finish her life like a rock star by accident. Without question, she lived an “intentional and decided life.” Continue Reading…
Did YOU know that the most valuable 15 minutes you can spend on the phone is with your mortgage advisor? Do you have a Professional Mortgage Advisor? Do your friends and family? Having a mortgage professional continually monitoring your mortgage situation is crucial in these economics times. Read more in The Mind of Mike.
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