Making the decision to buy a house is major. It’s the first of many exceptionally important and difficult decisions you’ll make over the next few months. You’ll make the decision to purchase a home, and then you make the decision which company to choose for a mortgage. There are so many companies available across the country offer mortgages with rates that seem very similar, but each company is vastly different. It’s a big decision, so you’re going to want to take your time and possibly consider lenders not previously on your radar.
Guild Mortgage Company works hard to find buyers the homes of their dreams. If you haven’t heard of the company, you might want to familiarize yourself with their mortgage services so you can put them in the running making your final selection.
Guild Mortgage Company encourages you to apply for a preapproval prior to looking at homes. You don’t know what you can afford until your lender tells you, and you don’t want to miss out on any homes in your budget looking prior to understanding what you can afford. If you assume you can afford this much, you might fall in love with a home that you can’t afford after the bank tells you what your budget really is.
The loan officers at Guild don’t want that to happen, so they encourage you to prequalify for a mortgage. Since they understand your overwhelming desire to start shopping, they let you do this online and provide you with a loan officer and a quote inside of one business day. Now you can start shopping.
At Guild, there is no reason you cannot buy a home because of specific circumstances. Many people believe you must have perfect credit to buy a home, but you can apply for an FHA loan with less than perfect credit. Guild offers loan options for buyers without a 20% down payment. Guild offers loans to those who cannot afford to put down any money, and we work with customers who have a down payment and can afford a jumbo mortgage on a larger, more expensive home. Guild offers a variety of loans and competitive rates to those who want to buy any home in any situation.
What determines your rate is your personal credit. Guild runs a credit check on all applicants, and their rates are determined by their past finances. The better an applicant’s credit, the lower their rate will be. Rates change every day based on the national average and what the Fed announces is legal, but buyers are able lock in rates for a number of weeks while they search for a home. Guild focuses on small business ethics, working with their customers to ensure the get the most out of their loan and experience with the company.
When you apply for a loan, you apply for the financial situation you face the rest of your life as long as you have a mortgage to pay. Right now is the time to pick a company that works with you and understand what they offer customers. There are always customers who are dissatisfied with their experience everywhere you go, and it’s up to you to make the most of your time with the officers at Guild. Let them guide you to find the right mortgage, to pre-qualify you and make the shopping process easier, and to help you make the most of your budget. All buyers should get the best service during a time that’s stressful enough without the added issues of finding the right mortgage.