Can You Outsmart PMI On Your Mortgage?

Can You Outsmart PMI On Your Mortgage?

Private mortgage insurance (PMI) can be an expensive requirement for your home loan, as it adds more to your monthly payment costs. This is a safeguard that your lender will take out to cover a portion of the amount you borrowed in case you default. Up Next: P.I.T.I.: Understanding The Parts Of Your Mortgage Payment Here are several tips to avoid PMI when getting a mortgage for your home: ...
Community Property Laws & Your Home Loans

Community Property Laws & Your Home Loans

Purchasing a home with your spouse is an exciting time where you can begin to have a place to call your own, decorate as you please, and raise a family. When taking out a home loan with your spouse you should know what you are responsible and what the laws in your state say regarding property acquired during marriage. Up Next: How To Spot Scams When Buying A Home ...
What Lenders Need To Know About Construction Loans

What Lenders Need To Know About Construction Loans

As a mortgage loan officer you will come across a wide variety of situations that borrowers find themselves in when looking for a new home. Clients who want to build their own home will have a unique set of challenges facing them and you will have to guide them. Up Next: How To Become A Real Estate Agent Here is what you need to know about construction loans and how they affect your clients ...
4 Tips For Staging Your Home

4 Tips For Staging Your Home

First impressions are everything—especially when it comes to home viewings. You want your home to look its best for buyers who come in for a showing. Homes that are clean and well maintained are more likely to attract buyers than homes that have been neglected. Up Next: Selling Your Home? Consider The Fall Off-Season Follow these 4 tips for staging your home and make the most out of your house showings: ...
home renovation loan

The Home I Love Needs An Update! Will A Renovation Loan Help?

You’ve found the perfect home in the perfect location, but the home is in need of some repairs. You’re a homeowner who has lived in your current home for several years now and the outdated cabinets and floors are in serious need of a modern update. Up Next: What Is A Construction Loan? Instead of wondering how you are going to pay for these updates, consider taking out a renovation loan. These loans are designed to help you fund your ...
build own home

The Pros & Cons Of Building Your Own Home

A home is one of the single largest investments that you will ever make. When you first start your home buying journey, one of the first questions you may ask yourself is if you want to buy a home or build a house yourself. Up Next: Tips For Effectively Closing That Real Estate Deal While buying a home comes with its own set of challenger, there are many pros and cons to building your own home. Here is what you ...
4 Reasons You Cannot Refinance Your Home

4 Reasons You Cannot Refinance Your Home

Refinancing your home is a financial strategy that can save you money when done at the right time. Refinancing is the process of revising your mortgage rate to that of the current environment, saving you money over time. Up Next: Understanding Streamline Finances When you apply for a refinance for your home but are rejected, know that it isn’t uncommon. With the right steps and patience, you can get your home refinanced. Here are the most common reasons you cannot ...
Selling Your Home? Consider The Fall Off-Season

Selling Your Home? Consider The Fall Off-Season

It is accepted that there is a “best” time to sell your home, with the selling season generally falling in mid-March to mid-April. This time is popular because people aren’t as busy and will take the time to search for homes. Up Next: Tips For Effectively Closing That Real Estate Deal While there is a “best time” to sell your home, consider the benefits of selling in the fall off-season: ...
What Is A Letter Of Hardship?

What Is A Letter Of Hardship?

A letter of hardship, also called a letter of explanation, is an official letter that you write to your lender to explain your current financial situation and show that you are unable to repay a debt such as your home loan. Up Next: Catching Up With Late Mortgage Payments These letters are used to request a temporary reduction, suspension of your monthly payments, or other remedy. Here is what you need to know: ...
6 Tips For Shopping For The Best Mortgage Rates

6 Tips For Shopping For The Best Mortgage Rates

When shopping for homes it is vital that you do your research so you can not only find the right home for you and your family, but the best mortgage rates. Up Next: How A Good Credit Score Benefits You Mortgage rates are determined by a variety of factors such as your credit score, down payment, debt-to-income ratio, and more. When shopping for the best mortgage rates, you will need to take these factors into consideration. Here are 6 essential ...
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The information provided herein has been prepared by a third party company and has been distributed for education purposes only. The positions, strategies or opinions of the author do not necessarily represent the positions, strategies or opinions of Guild Mortgage Company or its affiliates. Each loan is subject to underwriter final approval. All information, loan programs, interest rates, terms and conditions are subject to change without notice. Always consult an accountant or tax advisor for full eligibility requirements on tax deduction.

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