Why a Utah Builder’s Advertised Rate Isn’t a Guarantee
Quick Answer: No – a Utah builder’s advertised mortgage rate is typically the best-case number for its most qualified buyers, not a guarantee for everyone who walks in the door. Micah Olson saw this on his own new construction purchase: the builder advertised 3.875%, but he was underwritten at 3.99% despite credit above 720, 20%+…