home in flood zone

Is My Property In A Flood Zone? If So, Should I Buy?

Purchasing a home comes with its own set of risks, one of which is flooding. Flooding is an expensive, time-consuming, and stressful event that damages thousands of homes each year. Flooding can be caused by natural causes, like a flooded river or other reasons like a leak in your home’s waterline. Up Next: How To Know If You Qualify For A Mortgage If you wish to purchase a home that is in a flood zone, there are several questions you ...
investment property

What To Consider When Purchasing An Investment Property

Investment properties are not for the faint of heart. They require a lot of time, patience, dedication, and business acumen to manage—especially if you plan to own multiple properties. Up Next: Buying A Home: The Home Inspection Process Before you begin the process of looking for and purchasing an investment property, consider these essential tips: ...
holiday bills

Refinancing Your Mortgage To Help With Holiday Bills: A Good Idea?

The holidays are a stressful enough time with family obligations, parties, purchasing the right gifts for loved ones, and balancing your finances. After big sales holidays like Black Friday and Cyber Monday you may be anxiously checking your bank account and scrambling to pay both holiday bills and monthly commitments such as your mortgage. Up Next: Why Refinance Your Home? You may have heard advice on the radio or from friends and family about refinancing your mortgage and using that ...
Top 10 Mortgage Mistakes To Avoid

Top 10 Mortgage Mistakes To Avoid

Buying a home and getting a mortgage is a long, complicated process that requires times and patience to complete. You will want to consult with professionals throughout the process to make it as straightforward as possible. Up Next: Can Creditors Come After You For Your Spouse’s Debt? Whether this is your first time buying a home or your second, here are the top 10 mortgage mistakes to avoid: ...
What Is Home Equity & Why Do I Need It?

What Is Home Equity & Why Do I Need It?

Homeowners hear this line a lot: “You need to build up your home’s equity!” But what is home equity and why is it so important? Up Next: How To Know If You Qualify For A Mortgage Here is what you need to know about home equity and why it is such an important part of being a homeowner ...
Why You May Want To Consider A Lower Down Payment

Why You May Want To Consider A Lower Down Payment

“How much should I put down on a home?” A down payment is how much cash you initially pay on a home directly to the seller. When you pay the traditional 20% down payment you will get benefits such as a better mortgage interest rate, lower upfront fees, lower ongoing fees, and more equity in your home from the get-go ...
How To Know If You Qualify For A Mortgage

How To Know If You Qualify For A Mortgage

Congratulations! You have just taken a step into a new world with the decision to purchase a home. Before you can get a mortgage, you must be able to qualify for one. Lenders take into consideration many different factors when evaluating applicants like you. Up Next: What Kind Of Mortgage Is Right For You? To know if you may qualify for a mortgage, consider these factors: ...
Should I Lock Or Float My Mortgage Rate?

Should I Lock Or Float My Mortgage Rate?

Shopping for the right mortgage rate is a big part of getting a mortgage that works with you and your budget. Mortgage rates are always fluctuating and will determine how much you will pay on your mortgage each month. Up Next: Can You Outsmart PMI On Your Mortgage When you meet with a lender you may have the option to lock or float your mortgage rate so you can settle on the right rate for you ...
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 ...
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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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