monthly mortgage payments

5 essential tips to save for an emergency

Emergencies occur when we least expect them, and to ensure long-term financial stability, it’s best to have a plan to weather them. When an emergency happens, be it a natural disaster, illness, or job loss, many people can find themselves struggling to keep up. Here are five essential tips to help you save for an emergency: (more…) ...
buying a home

What determines the down payment on a home?

When you purchase a home, chances are you will put money down on it. This down payment is an up-front payment made in cash that is a percentage of the total home cost. This percentage is typically 20%, though it can vary based on your circumstances and loan program. Here’s what you should know about what determines your down payment: (more…) ...
quitclaim deed

What is a warranty of title, and how does it protect buyers?

When buying a home, your real estate agent and lender will research the home to ensure the integrity of the property. This includes not only inspections but title searches and what’s known as a warranty of title. A warranty of title is included in a warranty deed and used to transfer property and protect the buyer’s interest legally. (more…) ...
warranty of title

Understanding quitclaim deeds

In the event of divorce, marriage, or a non-sale transfer of a home, there’s the question of what to do with the mortgage. Whether you need to release an ex-spouse from their interest in the property, add a new spouse’s name, or transfer the property to a family member, you’ll need to file what’s called a quitclaim deed. (more…) ...
monthly mortgage payments

How to make and stick to a holiday budget

The holidays are coming up, and for many of us, that means extra spending and stretching the budget. If you’re looking to buy a home in the near future though, you don’t want to blow your down payment by overspending. Here’s some tips on how to keep it as stress-free as possible by setting a holiday budget and sticking to it. (more…) ...
quitclaim deed

What to do with a mortgage during a divorce

Divorce is stressful, and it can be easy to get overwhelmed, especially if you and your future ex-spouse bought a home and hold a mortgage together. Here are a few ways you can approach your mortgage during a divorce: Take your spouse off of your mortgage File a quitclaim deed Sell your home (more…) ...
legal rights

Your legal rights of something isn’t disclosed during a home sale

Every state has laws that govern what should be disclosed during a home sale. Even if the home is sold “as is,” the seller still has to disclose issues like lead paint, asbestos, and other problems. That’s why disclosure forms cover everything from the roof to the foundation. (more…) ...
home insurance

Why you should take an annual inventory of your home

Insurance is something you may never use, but you’re glad to have it when you need it. Insurance can help protect not just your home, but your possessions within it, in case of loss.  That’s why it is important to know what is and isn’t in your home. Creating a home inventory list and updating it annually can help with that. This inventory is a detailed list of everything in your home, from furniture to electronics. (more…) ...
marital assets

Community property laws and applying for a home loan with your spouse

Purchasing a home with your spouse is an exciting time when you can have a place to call your own, decorate as you please, and gain more stability for your family. When taking out a home loan with your spouse, you should know what you’re responsible for and what the laws in your state say regarding property acquired during a marriage, also referred to as a marital property. (more…) ...
investment property

The financing differences between primary, secondary and investment homes

Not all homes have the same purpose, nor do they have the same financing requirements. There are three occupancy types and all have different ways of securing financing: Primary residence Secondary residence Investment property Before purchasing any type of home or additional properties, know if you can afford the responsibility. (more…) ...

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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