Guild Mortgage blogs
Explained: The term escrow has multiple meanings
The term escrow has multiple meanings Have you ever driven by a home for sale in your neighborhood and noticed the realtor’s sign changed from “sale pending” to “in escrow?” This new sign indicates that [...]
Buying a house as a doctor
Buying a home as a doctor Doctors make a difference in the lives of their patients every day. They also enjoy the benefits of job security and the potential to earn higher wages than other [...]
Guide to buying a house as an unmarried couple
Buying a home as an unmarried couple Do low interest rates have you wondering if now is the right time to buy? From building home equity to the predictability of a fixed-rate mortgage payment, buying [...]
What is Proof of Funds?
What’s a Proof of Funds letter? Have you been asked to provide Proof of Funds but aren’t sure what funds qualify or where to get a Proof of Funds letter? To guide first-time homebuyers through [...]
What is appraisal contingency?
What’s an appraisal contingency? Contingencies are common when buying a home. They just mean that certain conditions must be met by either the buyer or the seller before the sale can close. Contingencies offer [...]
What does approved with conditions mean?
Approved with conditions After mortgage pre-approval and contract acceptance, your loan is submitted to processing and underwriting. Before you get final approval, your loan will likely be approved with conditions. Once you satisfy the [...]
What are seller concessions?
What are seller concessions? As a homebuyer, you're probably aware that you can negotiate your home's sale price. Did you know you can also negotiate who pays closing costs? When a seller pays some or [...]
Can you buy a house without a realtor?
Buying a home without a real estate agent While there’s no requirement to buy a home with a real estate agent, there are many benefits to hiring a professional to help navigate the homebuying process, [...]
What is a restrictive covenant in real estate?
HOA restrictive covenants Congratulations! After weeks of searching, you’ve found your ideal home. Before making an offer, it’s a good idea to check whether the property is subject to any HOA restrictive covenants or [...]
Types of houses: A complete overview
Types of home structures and architecture styles In today’s competitive housing market, once you’ve found a home to buy, you need to move quickly to make an offer. Available homes are going fast, with more [...]