home checklist

The Essential Checklist For New Home Buyers

Are you searching for a home? It’s a lot more than just browsing through Zillow and choosing a place that you like! Up Next: Top 10 Mortgage Mistakes To Avoid Follow this essential checklist for new homebuyers to ensure a smooth home hunt! (more…) ...
COVID-19

What Is A Mortgage Forbearance Agreement?

With the COVID-19 pandemic continuing globally, many homeowners have found themselves out of work or struggling to pay their mortgage and other bills. They have become what is known as a delinquent borrower, and their loan is now categorized as non-performing. Up Next: Can Your Lender Sue You For Deficiency? But that doesn’t mean all is lost and that you will have to foreclose on your home! Lenders do offer what is known as a mortgage forbearance agreement. (more…) ...
applying jointly

Pros & Cons Of Applying For A Home Mortgage Jointly Versus Single

Buying a home is a huge financial step. It requires a lot of saving and soul searching. Especially if you are married or planning on filing jointly with a partner. Up Next: 4 Tips For Purchasing A Home With A Variable Income Before purchasing a home either jointly or single, understand the pros and cons and what they mean for you: (more…) ...
purchase home variable income

4 Tips For Purchasing A Home With A Variable Income

When purchasing a home, lenders want to see that you have a steady income and make monthly mortgage payments. You must also be able to afford all fees and costs associated with the purchasing process. But what if you have a variable income? Up Next: When Is The Right Time To Purchase Your First Home? It is not impossible to purchase a home with a variable income, but it does take some extra effort. Here is what you need to ...
home no longer pending

Why Is A Home No Longer Pending?

When a pending home on the market goes back to an active listing, those searching for a home will wonder what went wrong? Was there something wrong with the house? Up Next: Pitfalls To Avoid When Getting A Home Loan When a home is no longer pending, it could be due to a few factors: (more…) ...
Mortgage Interest Credit

What Is Mortgage Interest Credit?

Depending on your annual income, you may be qualified for a mortgage interest credit. Mortgage interest credit is a mortgage assistance program that allows home buyers to claim a dollar-for-dollar tax credit. This tax credit can be up to $2,000 for a portion of their mortgage interest. Up Next: What Is Discretionary Income? To get their tax credits, is it the borrower’s responsibility to fill out and submit the correct form to the IRS each year. If you are a ...
smart home safety

4 Smart Ways To Make Your Home Smart

Smart technology is everywhere, thanks to smartphones, intelligent assistants, and even smart cars. Internet-connected devices may make our lives easier and more efficient, but they do come with their own set of risks. Up Next: House Or Condo? Which Purchase Option Is Right For Me? Here are four ways to smartly and safely make your home smart and secure. (more…) ...
DTI ratio

What Is DTI Ratio & 4 Tips To Improve It

DTI ratio, or debt-to-income ratio, is the amount of debt you have to pay off each month in relation to your gross monthly income. This number is represented as a percentage. For example, if 50% of your income goes to debt payments, you need to reduce debt before taking on the financial responsibility of a home. Up Next: What Is Gross Income? Your DTI ratio is used by lenders to determine your eligibility for a home loan. The lower your ...
prepare rental properties

6 Tips For Preparing Investment Properties For Renters

Investment property owners are often keen on renting out a home as soon as possible to get a return on their investment. Before they can do that, the home must first be prepared. Up Next: Renting A Home Versus Buying A Home Here are six tips investment property owners like yourself need to know to prepare your properties for renters: (more…) ...
prepare home for storms

6 Tips For Preparing Your Home For Storms

Storms are a common occurrence throughout the year. When severe, storms can cause a significant amount of damage to homes and surrounding property. Up Next: 5 Essential Tips For Saving During An Emergency Taking preventive measures to prepare and protect your home during a storm will not only give you and your family peace of mind but save you money. (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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