The mortgage process

Why Did my Credit Score Drop? Reasons Explained

April 14, 2021 | 3 min read | The mortgage process
Working on building your credit score may take time and patience. You may be wondering, “I’ve worked hard and have been doing the right things, yet why did my credit score drop?” You may not realize that some actions can negatively i...
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Helpful Credit Tips on the Best Ways to Build Credit

April 12, 2021 | 4 min read | The mortgage process
It is essential to understand your credit score and how it may impact your home buying or refinancing process. This way, you can get ahead of any potential problems before applying for a mortgage or continue practicing healthy credit habits.  ...
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How Does a Cash-Out Refinance Work: Cash-Out Refinance Explained

March 26, 2021 | 3 min read | Refinance, The mortgage process
Now is a great time to refinance as interest rates remain at all-time lows, and many homeowners are sitting on untapped equity. If you have equity in your home and are looking for extra cash-on-hand for upcoming expenses, you may benefit from a cash...
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How to use a Gift Letter for Mortgage Financing

March 23, 2021 | 3 min read | The mortgage process
If you are thinking about buying a home, you should start considering how much money you will have for a down payment. A down payment is one of the highest up-front costs to buying a home. Many people, especially first-time homebuyers, rely on gif...
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Closing on a House: What to Expect at Closing

March 22, 2021 | 4 min read | The mortgage process
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...
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Tips on How to Get the Best Mortgage Rate

March 18, 2021 | 2 min read | The mortgage process
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 hom...
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Mortgage Banker vs. Mortgage Broker: Which Should I Choose?

March 16, 2021 | 2 min read | The mortgage process
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 ...
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What Determines Mortgage Interest Rates? Factors that Affect Mortgage Rates

March 16, 2021 | 3 min read | The mortgage process
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 c...
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What is Included in a Mortgage Payment?

March 15, 2021 | 3 min read | The mortgage process
If you are thinking about buying a home or reviewing your current loan terms, you may be wondering what is included in your monthly mortgage payment. Your monthly payment will consist of the principal, interest, taxes, and insurance.  Pr...
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Should I Lock my Mortgage Rate Today?

March 12, 2021 | 3 min read | The mortgage process
Mortgage rates have been at historic lows and are predicted to rise, so people may be wondering “Should I lock in my mortgage rate today?” Mortgage rates fluctuate often, so if you are quoted a rate with monthly payments that fit within your bud...
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