Mortgage Requirements for a Second Home vs. Investment Property
There are several differences between a second home vs. an investment property. When you buy a house and apply for a mortgage, the mortgage company will evaluate whether the property is classified as a primary residence, second home, or investment property. The mortgage terms and requirements may vary depending on the classified subject property. What […]
Is Now a Good Time to Buy a House?
Throughout the pandemic, competition has increased in the real estate market as mortgage rates hit all-time lows. Many people have traded up their rental payments for mortgage payments, entering the world of homeownership. You may be wondering, “Is now a good time to buy a house for me?” The answer is it depends. Consider your long-term goals Before […]
Benefits of Owning a Home: Benefits of Buying vs. Renting
One of the most significant decisions that anyone can make in their life is buying a home. Renters often wonder, “what are the benefits of owning a home vs. renting?” Especially in today’s climate, many benefits range from offering good long-term value and providing more financial stability. If you plan to live in the same […]
Closing on a House: What to Expect at Closing
The mortgage closing is the final step in the home buying process, which means you are one step closer to finalizing your mortgage! Here is what you may expect at your mortgage closing, whether in person or virtual, so you can feel more comfortable before closing day. What is a Mortgage Closing? A mortgage closing occurs […]
Tips on How to Get the Best Mortgage Rate
Mortgage rates are at historically low levels and are predicted to rise, so there are incredible opportunities for millions of existing and soon-to-be homeowners. Whether you’re looking to refinance or purchase a home, today might represent a historic opportunity to save a lot of money by locking in on the best program and rate. Follow our tips on how to get the best […]
How to Prepare Your Home for Allergy Season
As spring approaches, those who suffer from allergies often feel miserable when plants expel pollen into the air. While you can’t always escape pollen when outside, these five tips on how to prepare your home during allergy season will provide some relief while inside. Add an air purifier Purifiers trap tiny particulates, including pollens, that […]
Mortgage Banker vs. Mortgage Broker: Which Should I Choose?
You may be wondering if working with a mortgage banker vs broker will have a considerable impact on your mortgage financing process. The answer may depend on your mortgage financing needs, desired loan program, and overall credit profile. GuardHill is a mortgage banker and a mortgage broker, which provides added value to our clients. Mortgage Banker vs. […]
What Determines Mortgage Interest Rates? Factors that Affect Mortgage Rates
Many factors affect and determine mortgage rates which is why mortgage rates may fluctuate daily. When shopping for a mortgage, borrowers place a strong emphasis on getting a low interest rate. We outline some factors that may be in or out of your control when locking-in a mortgage rate. What Affects Mortgage Rates: Factors that […]
Mortgage Checklist: Documents Needed for a Mortgage Pre-Approval
Our mortgage document checklist outlines some personal, income, asset, liability, and credit documents you may In today’s competitive market, getting pre-approved for a mortgage is a crucial step. Although not required, it may help you stand out and better your chances of getting an accepted offer. To get pre-approved, you must submit relevant documentation that paints a […]
What to Know About Home Inspections: Home Inspection Checklist
A home inspection is an essential step in the home buying process. When making such a significant financial decision, it is crucial to understand the property’s current state. The inspection will notify you of any problems or necessary repairs before you finalize the purchase. What is a Home Inspection A home inspection is a visual, noninvasive […]
