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 ...
3 Common Mortgage Fraud Schemes & How To Avoid Them

3 Common Mortgage Fraud Schemes & How To Avoid Them

Purchasing a home is a complicated process that involves many parties. Whether it is your first time purchasing a home or you’re an experienced buyer, you must be aware of fraud designed to cheat you out of your hard earned income and your home. Up Next: No Money Down Mortgage: Is It Right For You? Here are some of the most common mortgage fraud schemes and how you can avoid them. Please remember that this is not a comprehensive list, ...
What Is Job Loss Mortgage Insurance & Do I Need It?

What Is Job Loss Mortgage Insurance & Do I Need It?

Life is unpredictable. From illness to divorce to job loss, many factors can take a toll on your income that can leave you struggling to pay your monthly mortgage payments on time. If you have lost your job and are unable to make your monthly mortgage payments, job loss mortgage insurance can help cover those payments until you get another job ...
Strategies In Paying Off Your Mortgage

Strategies In Paying Off Your Mortgage

Whether you have a 15 or 30 year mortgage, the thought of being in debt for that long gives some homeowners a headache. After all, they want their house to be officially theirs. That is why many homeowners look for strategies to pay off their mortgage faster and painlessly. Up Next: Modifying A Loan Due To Financial Hardship With a little financial planning and following the strategies below, you can pay off your mortgage in a timely, stress-free manner: ...
Tips For Effectively Closing That Real Estate Deal

Tips For Effectively Closing That Real Estate Deal

Closing a real estate deal means the home you have yearned and worked for all this time is finally yours. But it’s not as simple as handing over the money and moving in. There are multiple steps that still need to be completed to ensure the closing goes smoothly. Up Next: Is A 15 Or 30 Year Fixed Mortgage Right For Me? Here is what you need to remember to effectively close your real estate deal: ...
What’s The Difference: Home Equity Line Of Credit Verses Home Equity Loan

What’s The Difference: Home Equity Line Of Credit Verses Home Equity Loan

Owning a home is a big expense—especially when it comes to maintaining the home and improving its value. Up Next: Preparing A Homeownership Budget When you need to borrow money for an emergency like flooding, there are two options you may consider: a home equity line of credit or a home equity loan. While similar in premise, these two options have several differences that you will need to take into consideration: ...
Modifying A Loan Due To Financial Hardship

Modifying A Loan Due To Financial Hardship

Death in the family, illness, loss of a job, or divorce can take a great toll on our daily lives and finances. If tragedy strikes and you are unable to afford your monthly mortgage payments and find yourself falling behind, you may be able to modify your home loan to catch up and avoid foreclosure. Up Next: Boomerang Buyer? Do This Before You Purchase A Home A loan modification is a permanent restructuring of your original loan to provide you ...
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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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