Guild Mortgage blogs
What are the advantages of buying vs. renting?
What are the advantages of buying vs. renting? There are big benefits to homeownership that renting doesn’t provide you with. The top reasons for buying instead of renting a home include building equity, better psychological [...]
What makes up the price on a newly built home?
What makes up the price on a newly built home? From the market the new home is located in, to the lumber used in the home’s frame, plus the cost of wages for laborers, a [...]
What’s needed for a pre-approval application?
What’s needed for a pre-approval application? When you want to make an offer on a home, a pre-approval letter backed by a lender like Guild gives sellers confidence that you’ll be able to follow through [...]
Can temporary buydowns help you afford a home?
Can temporary buydowns help you afford a home? If you’re looking to buy a home but current mortgage rates are higher than you hoped, or you’re expecting a raise or bonus in the nearby future, [...]
How much can I afford when buying a home?
How much can I afford when buying a home? When deciding how much you can afford when buying a home, you’ll have to factor in costs like your income, the sales price, down payment, interest [...]
What can cause your mortgage payment to change?
What can cause your mortgage payment to change? If you’re a new homeowner who worked hard to negotiate the best selling price and rate for your home, you might be alarmed to see your bill [...]
Should you make repairs before you sell?
Should you make repairs before you sell? When you’re deciding to sell your home, you want to ensure you’re getting the best bang for your buck. It’s true that if you make repairs before you [...]
What is a good debt-to-income ratio for a mortgage?
What is a good debt-to-income ratio for a mortgage? If you’re taking the plunge and diving into homeownership, you may wonder what factors mortgage companies use to determine how much you’ll be able to afford. [...]
Do lenders charge to run your credit report?
Do lenders charge to run your credit report? Yes, here’s why. When you apply for a mortgage, your lender will check your credit to assess your financial history and determine loan eligibility. But does it [...]
Your guide to buying a beach home: pros, cons and tips
Your guide to buying a beach home: pros, cons and tips Owning a beach home sounds like the ultimate dream—waking up to the sound of waves, stepping onto your balcony with a fresh cup of [...]