tool

Tool Time: Basic Household Tools for First-time Homeowners

Buying and moving into a new home is one of life’s great experiences, especially if you’re buying your first home. From getting that pre-approval to the “yes!” response on an offer to closing and moving in, every step is exciting. And while the process is engaging and fun, it’s important to prepare for moving day and beyond. One important part of that preparation involves collecting the basic tools nearly every homeowner should consider having on hand. The goal is to ...
self-employed

Being self-employed is no obstacle to getting a mortgage

The Covid-19 pandemic brought many changes to life around the world. In the U.S., one of those changes was an increase in self-employment as many companies downsized, moved to remote work and enacted other significant changes to their structures and work models. This led to many employees taking stock of their work lives, which led to an uptick in the number of U.S. workers choosing to be self-employed. Today, nearly 11 percent – or 9.59 million members of the U.S ...
income

How much of your income should you dedicate to your mortgage?

The first question many homebuyers have when deciding to buy a new home is: how large of a mortgage can I afford? The answer to this question will impact the type of home, location, and, of course, the price of a home you may purchase. The answer begins with gross monthly income A buyer’s gross income is the income made each month before taxes and deductions such as social security are made. Gross income also includes income from: Tips  Alimony ...
Paint

Make your new home truly yours with a fresh coat of paint

Few things are more exciting than buying and moving into a new home. A new home can mean more space, better space, a new neighborhood, a new city or state, or starting a new life. All of that means in some ways, you’re starting with a clean slate, which means you can put your stamp on that new single-family home, townhouse, duplex or condominium. The possibilities may be just as unlimited! The quickest, way to make your new home yours ...
mold

Nine things you need to know about mold in your home

Are you preparing to buy a home? Are you getting ready to put your home on the market? If so, you need to know about mold. Mold may not be a topic anyone wants to think about, but the presence of mold in a home can be a significant issue for buyers and sellers. So, it’s important to know a thing or two about mold, what’s true, what’s not, and what can impact a real estate transaction. Below are nine ...
team

Buying a home? Build your team of professionals

Buying a home is an exciting and complex undertaking. Whether you’re considering a single-family home, a townhome, a garden condominium, a duplex or something else, you want to “get it right” and not pay more than necessary. Since people typically don’t buy a home more than a few times in their lives, it’s difficult to develop the expertise that comes with experience. Fortunately, experienced professionals are available to help in every phase of the homebuying process. Get the help you ...
pre-approval

Pre-approval may be a buyer’s most important tool in an unpredictable market

In most of the U.S., the current housing market remains hot. The most recent data show the time on market for homes sold in the US was 31 days (though this will vary by local market). While slower than much of the post-pandemic housing boom, 31 days is still an incredibly short time to sale. In addition, the median home price increased 2.9% year-over-year despite increasing mortgage rate. Mortgage interest rates are rising, but the market remains hot Interestingly, the ...
decks

What homebuyers need to know about decks

Decks both extend a homeowner’s outdoor space and provide an ideal spot for a hot tub, outdoor grill, or dining area. They’re perfect for entertaining, family time or enjoying an afternoon in the sun while reading. But what many homebuyers – especially first-time homebuyers – may not know is that decks can be expensive. And that applies to existing decks as well as to those that have yet to be built. Existing decks need a thorough inspection Decks are generally ...
loan officer

Your loan officer is your best ally

The home buying experience can be an overwhelming experience that can be exhilarating, fun, stressful and exhausting. The process of securing a mortgage, successfully bidding on a home and completing the transaction can be lengthy, complex and involve seemingly endless professionals. Those professionals may include a buyer’s agent, a loan officer, a home inspector, title company personnel, a city official in charge of occupancy permits, surveyors and more. Many buyers think of their real estate agent as their “go to” ...
basement

How to spot potential basement problems before it’s too late

A wet, leaking, or flooding basement can be a homeowner’s worst nightmare. And since water in a basement is often caused by foundation problems, fixing a wet basement is often a lengthy, expensive process that must be completed by professionals. The easiest way to avoid the headaches and expenses involved with leaking basements is to spot the problems before purchasing a home with basement problems. In many cases, a home inspector will spot signs of a basement that has had ...

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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