finance home remodel

3 Tips For Financing Your Next Home Remodel

Remodeling your home is a great way to potentially increase its value and get the home you have always wanted. From updating the kitchen, finishing the basement, and opening up the living room, remodels Up Next: Home Repair: Hire A Professional Or DIY? When it comes to financing your home remodel, you may find yourself at an impasse. Do you save up the money over time or find a loan? Here are three tips for financing your next home remodel ...
professional or DIY home repair

Home Repair: Hire A Professional Or DIY?

When owning a home, expect to make repairs throughout your time there. Some repairs you can do on your own but other jobs require the experience of a professional. Always have an emergency home repair fund available to you to cover not only general repairs, but emergencies like flooding. Up Next: Selling Your Smart Home? Follow These 4 Tips Keeping your home repaired will go a long way in keeping your home value up and making it easier to sell ...
home expenses

Expenses To Expect In The First Year Of Homeownership

Homeownership comes with its own set of expenses that you may not be prepared for. If you are not prepared for them you could find yourself in financial hardship. Always live within your means and know what you can and cannot afford to buy. Up Next: Time To Spring Clean: Tips For Saving More Here are some expenses to expect in the first year of homeownership: ...
sell smart home

Selling Your Smart Home? Follow These 4 Tips

The chances are good that you have a smart device in your home, be it an assistant or a thermostat. Smart devices come into our homes with the expectation that they will make our everyday lives more convenient. Up Next: 5 Tips For Succeeding In A Slow Housing Market But what do you do with all of that technology when you sell your home? ...
saving during an emergency

5 Essential Tips For Saving During An Emergency

Emergencies come at inconvenient times, and we should be ready to weather them. And when those emergencies come, we can find ourselves struggling to save. Up Next: Time To Spring Clean: Tips For Saving More Whether it is COVID-19 or any other emergency, follow these essential tips for saving during a crisis. Have An Initial Emergency Fund To start, you should have an initial emergency fund with up to have a year of expenses of emergency funds. These funds are ...
cash out refinance

Should I Use Cash-Out Refinances For Emergency Funds?

Life happens. Illness, divorce, and unexpected home repair can hit us at any time, and sometimes we simply don’t have enough emergency funds to cover the expenses. Up Next: Why Should I Check My Credit Report? Cash-out refinances is a strategy some employ to cover emergencies, but it is the right plan for you? ...
check credit report

Why Should I Check My Credit Report?

We talk about your credit score and report a lot here when it comes to applying for a home loan from SmartMortgage, and for good reason. Your credit report is an essential document that outlines your credit history. Up Next: Know The Difference: Credit Score Vs. Credit Report Checking your credit report provides you with a host of benefits to help you manage your finances and apply for home loans and other large purchases ...
VA loans

VA Loans: What You Need To Know

As a veteran, or the surviving spouse of a veteran, you have the option to apply for VA loans when searching for a home. These loans are designed to make it easier for veterans to obtain financing to purchase a home of their own. Up Next: No Money Down Mortgage: Is It Right For You? VA loans are funded by private lenders and partially backed by the Department of Veteran Affairs. Before applying for a VA loan, you should know ...
approved with conditions

What Does Approved With Conditions Mean?

When you get a home loan, you may notice that it says “approved with conditions.” What does that mean? There’s no need to worry. This is standard procedure for many loans where you will need to provide extra documentation so the lender underwriter may continue to get the loan approved. Up Next: Why Do Lenders Need Your Bank Statement? When your loan is approved with conditions, the lender wants to take extra steps to ensure that you are suitable for ...
no contact home buying

3 No Contact House Hunting Tips For Agents In 2020

In the COVID-19 era, everyone has had to adapt to changes that have turned our daily lives upside down. Many of us are now staying at and working from home. However, this doesn’t mean the hunt for houses is at a standstill. Up Next: 5 Tips For Succeeding In A Slow Housing Market There are many ways for clients to hunt for houses without close contact with others. As with all changes, agents must learn how to adapt to the ...
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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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