What is a Gift Letter for a Mortgage?
September 20, 2021 | 3 min read | The mortgage process
If you are thinking about buying a home, you should consider how much money you will have for a down payment. A down payment is one of the highest up-front costs to purchasing a home. Many people, especially first-time homebuyers, rely on ...
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How to Choose a Mortgage Lender: Questions to Ask When Shopping for a Mortgage
September 15, 2021 | 3 min read | The mortgage process
A significant question people face during the mortgage process is determining which mortgage company to choose. Just remember, choosing the right lender is not always about getting the lowest rate. Many prospective borrowers spend countless hours co...
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Should I Lock my Mortgage Rate Today? Questions to Consider
September 2, 2021 | 3 min read | The mortgage process
Mortgage rates have remained at historic lows, and may rise, so people may be wondering, “Should I lock in my mortgage rate today?” Mortgage rates fluctuate often, so we recommend locking in that rate if you are quoted a rate with monthly paymen...
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Guide to the Mortgage Underwriting Process
August 18, 2021 | 4 min read | The mortgage process
The underwriting process is a critical component of the purchase and mortgage refinancing journey. Reaching the underwriting phase means you are one step closer to your mortgage closing. Here is everything you need to know about ...
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5 Factors That Affect Home Prices
June 23, 2021 | 2 min read | The mortgage process
Whether you’re looking to purchase or refinance a home, it is beneficial to understand some factors that may cause home values and prices to fluctuate.
Location
One of the main factors that a homebuyer evaluates...
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Is Now a Good Time to Buy a House?
May 13, 2021 | 2 min read | Owning a home, The mortgage process
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,...
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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 home, today might represent...
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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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