Applying after foreclosure

Applying for a mortgage after foreclosure

If you’ve lost your home to foreclosure, you may be wary about buying again and you’re not alone. The good news is, buying a home after a foreclosure is possible! It always pays to find out the facts about applying and exploring your options. Here’s three steps you can take to get started with your next home purchase. (more…) ...
HOA

What is a restrictive covenant in real estate?

Congratulations on beginning your search for a home! This is an exciting time and one filled with lots of important decisions, such as whether or not you want to live in a homeowner’s association (HOA). HOAs pool homeowner resources for the general upkeep the community, so they’re great for those who want to take communal ownership over their neighborhood. There are trade-offs though. HOAs often have by-laws and other rules referred to as ‘restrictive covenants’ that govern how you can ...
home mortgages

What is a piggyback loan and why would I get one?

A piggyback loan is when a borrower uses two mortgage loans simultaneously to buy a home, one “piggybacking” off of the other. The second mortgage can be in the form of a home equity loan or home equity line of credit (HELOC), while the first is your primary mortgage. (more…) ...
conforming loans

Jumbo versus conforming loans in the housing market

When you’re in the process of purchasing a home, your lender will pre-approve you for a mortgage to show the seller that you’re approved for a certain amount. They will pair you with a loan that meets your needs based on your financial situation and the home’s sale price, and conforming loans are a popular option. But what happens if the home is priced above conforming loan limits? (more…) ...
home inspection

Why you should always check a home’s public records before you buy

When you’ve fallen in love with a home, it can be hard to resist putting an offer in as soon as you can. Researching a house before putting in an offer can tell you a lot about whether it’s right for you. After all, you want to know as much information about the home as possible to ensure it’s safe and won’t throw any unpleasant surprises at you. This includes professional home inspections and checking a home’s public records. (more…) ...
rural development assistance

What loans are available for purchasing rural properties?

Many people dream of rural life, and for those who actively seek it, finding the right loan to purchase rural property may be a challenging place to start. Purchasing rural property can be different from purchasing in an urban area, so you must know what type of property you plan on buying. (more…) ...
mortgage company

Why did my mortgage company sell my mortgage?

You spent a lot of time researching mortgages and buying a home only to get a letter from your mortgage company informing you that your mortgage has been sold. You’re understandably confused. How did this happen, and what’s the point? Why go to all the trouble of choosing a mortgage company if it is just going to sell your mortgage to another? While a mortgage company selling your mortgage to another is a common practice, there are a few things ...
buying a home

What to look for when selecting a real estate agent

Buying or selling a home is no small task. It requires a lot of know-how, professionalism, and the ability to work with others to help you get the home you want. A real estate agent can help you through the process—but you must choose the right one. Here’s what you should look for when selecting a real estate agent: (more…) ...
mortgage company

How to be an agent that lenders love to work with

Lenders and real estate agents work hand-in-hand to provide buyers with an excellent home purchase experience. To do this, they must build professional relationships that facilitate success for all parties. As an agent, this is one of the most valuable things you can do for your career. To become an agent that lenders love to work with, follow these tips: (more…) ...
buying a home

What is a preliminary report?

Before the title company begins the closing process on a property, they will give the homebuyers a document called a preliminary report. This documentation is essential in the sale of a property for a number of reasons: (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.

Get Preapproved Now!

For low rates and expert advice call us now at (855) 997-7231 or apply online. Absolutely no obligation.