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Homebuyer Tips

We’ve created resources in our Home Loan Guide for people thinking about buying. For new buyers, these can help answer some of the most important questions. For example, first-time homebuyers will want to think about how much savings they need. One recommendation is to keep your monthly payment to one-third of your monthly income. The buying process may include closing costs and a down payment. The down payment will depend on many factors, including loan program, help from relatives and whether or not you qualify for down-payment assistance. Your local loan officer will be able to guide you through these matters. After you’ve talked with a loan officer and are preapproved, you’ll want to decide how much you want to borrow, what features are must-haves and where you want to live. Our online resources and our loan officers are available for guidance any time.

By |Published On: February 7th, 2017|Categories: Mortgage 101|

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About the Author: Guild Mortgage

Founded in 1960 when the modern U.S. mortgage industry was just forming, Guild Mortgage Company is a nationally recognized independent mortgage lender providing residential mortgage products and local in-house origination and servicing. Guild’s collaborative culture and commitment to diversity and inclusion enable it to deliver a personalized experience for each customer. With more than 4,000 employees and over 250 retail branches, Guild has relationships with credit unions, community banks, and other financial institutions and services loans in 49 states and the District of Columbia. Guild’s highly trained loan professionals are experienced in government-sponsored programs such as FHA, VA, USDA, down payment assistance programs and other specialized loan programs. Guild Mortgage Company is a wholly owned subsidiary of Guild Holdings Company, whose shares of Class A common stock trade on the New York Stock Exchange under the symbol GHLD.