Guild Mortgage blogs
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 [...]
What do mortgage lenders look for on bank statements?
What do mortgage lenders look for on bank statements? When applying for a mortgage, you’ll be asked to provide documentation proving employment, bank accounts, property information, tax returns and proof of supplemental income. Bank [...]
Can you get pre-approved for a mortgage online?
Can you get pre-approved for a mortgage online? From clothing to cars, you can shop for almost anything without leaving the comfort of your living room. You can also go beyond researching properties online [...]
What affects your mortgage application?
What affects your mortgage application? Have you taken an exciting step towards homeownership by filling out an application for a home loan? When your mortgage application and documentation go to underwriting, the underwriter [...]
What is a pre-approval letter?
What's a pre-approval? Also known as a commitment to lend, a pre-approval is our promise to give you a loan based on certain terms and conditions. From pre-qualification to closing, we’re here to help [...]
What is a deed to a home?
What is a deed to a home? Also known as a property deed, house deed or warranty deed, the deed to a home is the legal document that conveys ownership of real estate from [...]
What happens if you inherit a home with a mortgage?
What happens if you inherit a home with a mortgage? Inheriting a home from a loved one can be a wonderful gift, but it can impact your financial situation if there’s a mortgage [...]
When is it worth it to refinance a mortgage?
When is it worth it to refinance a mortgage? Wondering when to refinance a mortgage? As a homeowner, there are specific times when refinancing may benefit you—such as when interest rates have fallen, if [...]
How to: Selling and buying a home at the same time
How to: Selling and buying a home at the same time Do you own a home but are looking to relocate to a new town, find a bigger place or retire and downsize? [...]