Guild Mortgage

Why you should choose SmartMortgage.com

When shopping for a mortgage loan, you want a lender that will meet you where you are and offer a great experience. When you choose SmartMortgage.com, you can shop for a mortgage loan with confidence. (more…) ...
household budget

What is disposable income?

When making an important financial decision like buying a home, discussion of your income, expenses and how you manage your money all come into play. Disposable income is money you have for spending and saving after taxes and other expenses have been paid. Many statistical measures and economic factors are derived from disposable income, such as discretionary income and personal savings rates. These figures are part of determining whether you will be approved for a mortgage loan. Here’s what you ...
closing costs

What are seller concessions?

Seller concessions are contributions given to the buyer by the seller to use towards closing costs, repairs or even to buy down the interest rate. There are separate expenses related to buying to home other than your mortgage, and seller concessions can help offset those costs. Whether you’re ready to buy a home or plan on putting your home on the market, seller concessions can be a powerful tool. (more…) ...
managing mortgage account

Prepaying mortgage principal vs. interest

As a homeowner, it’s common to have questions regarding your mortgage. For example, there is conflicting information out there regarding the benefits of prepaying your mortgage and how it affects your overall payment and home financing; namely prepaying mortgage principal versus just the interest. Your loan officer should be able to help you make an educated, informed decision. (more…) ...
life planning

Should I put my property into a trust?

If you own property, it’s essential that you plan for the future, as in, answering the tough question of what will happen to your assets when you die? You can (and should) have a will in place that will spell out your wishes and how assets should be distributed after your death. (more…) ...
title to home

What is a deed?

If you’re planning on buying a home, it’s important to know what a deed is and how this critical piece of documentation is used. Here’s what you need to know about what a deed is and why you need one to close on your home. (more…) ...
life insurance

What is mortgage protection insurance?

Your home is your castle, and if you suddenly can’t make your payments, it’s a good idea to have a way to take the financial pressure off your family. One of these options is what’s known as mortgage protection insurance (MPI). (more…) ...
home appraisal

Home appraisals and assessments: Are they necessary?

As a buyer, seller, or homeowner you’ve heard about home appraisals and assessments used in the homebuying process. Are they both necessary? (more…) ...
ADU

What is an accessory dwelling unit?

An accessory dwelling unit, usually called an ADU, is a secondary housing unit that shares a lot with the primary home on the property. ADUs are helpful if you need extra space for family, visitors, or to generate extra income with a rental. If you have extra room on your property and you’re interested in an accessory dwelling unit (ADU), here’s what you need to know. (more…) ...
shopping for home

Options for homebuyers in a high-interest rate environment

We’re always looking for ways to make purchasing a home more affordable. When interest rates go up and cause higher mortgage costs, some borrowers may feel like they can’t afford to buy a home. If you’re in the market for a new home, know that you do have options! (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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