Corey Burton - Guild Mortgage

08/22/2024

When you take out a loan with a co-borrower—frequently a spouse or partner—you jointly own the property and share responsibility for repaying the loan. If you have a co-borrower, you enjoy several benefits. First, combining your incomes can potentially qualify you for a larger loan amount or better loan terms. Second, having a co-borrower means that you’re equally liable, which can be helpful if one of you faces financial difficulties. Lastly, co-borrowing is a great opportunity for both of you to build or improve your credit scores together.

Contact me today to learn more!

08/20/2024

One in 20 Americans who bought or sold a house in the last three years have been victims of some type of real estate fraud, according to a recent report. By securing your sensitive information, such as your Social Security numbers and bank account details, you’ll help ensure both your financial security and a smoother mortgage process.

The mortgage process is an exciting step toward achieving your future dreams, but as you navigate this experience, it’s wise to be on the lookout for scammers and cheats who prey on unsuspecting borrowers. Contact my team today if you're in the market for a home mortgage loan!

08/15/2024

Purchasing a home is an exhilarating event that marks a major milestone in life, but such a large investment can seem intimidating at first, especially when it comes to navigating the loan process. However, with the right preparation and partnerships, even first-time homebuyers can have a simple and rewarding mortgage experience. Check out our eight mortgage tips to make the loan process a positive one in the graphic below.
Still have questions? Give me a call! I'd love to help you!

08/13/2024

If you’re a first-time homebuyer with low-to-moderate income, 3-2-1 Home Plus provides down payment flexibility to get you into a home now.

You bring a 3% down payment
We give you a $2,000 eGift Card to The Home Depot
Plus, $1,000 to $2,500 toward closing

An additional advantage is that you can keep your options open and consider homes with minor repair or improvement needs. With 3-2-1 Home Plus, the $2,000 eGift card to The Home Depot® gives you peace of mind knowing you have extra resources to put toward minor repairs or improvements without tapping into your cash reserves.
Contact me today to learn more!

08/09/2024

Curious about where the housing market is headed?

This insightful Forbes article breaks down the key trends and predictions for 2024. Whether you're thinking about buying, selling, or refinancing, understanding the market is crucial to making the best decisions.

Check out the article to stay informed and let’s discuss how these trends might impact your homeownership goals: https://www.forbes.com/advisor/mortgages/real-estate/housing-market-predictions/

The housing market might finally be entering a transitional phase. Summer sales have been tepid thus far, but there are signs that activity could heat up by the end of the summer as mortgage rates edge down and much-needed resale inventory continues to enter the market, giving buyers more options

08/07/2024

I’m thrilled to announce my move from Caliber Home Loans to Guild Mortgage Company! As I begin this new journey, I remain committed to providing you with top-notch mortgage solutions and exceptional customer service.

With Guild Mortgage, I now have even more tools and resources to help you achieve your homeownership dreams. Whether you're buying your first home, refinancing, or looking for expert advice, I'm here to assist you every step of the way.

Thank you for your continued trust and support. Here’s to new beginnings and helping you find your perfect home!

07/31/2024

A Fed rate cut is likely for September, but what does that mean for mortgage rates? Well, experts say not to expect too much. Mortgage rates have slowly started dropping again over the last few months, so the Fed cut is expected to be around 0.25%. Check out the article to learn more, and give me a call! I'd love to run the numbers and see what we can get you qualified for!

https://www.cbsnews.com/news/how-low-will-mortgage-rates-drop-after-the-fed-cuts-rates-experts-weigh-in/

07/25/2024

Are you self-employed? Looking to expand your investment property portfolio? Or have you had a past credit event that’s holding you back from exploring homeownership? The Smart Series of Non-QM loan products could be the right fit for you.

Contact me today to learn more!

https://www.newrez.com/blog/mortgage-101/smart-series-non-qualified-mortgages/?utm_source=meltwater&utm_medium=social

07/23/2024

A New York Post report states that America is stuck in a "mortgage rate lock-in effect," with homeowners unwilling to sell since interest rates remain high. However, the worst cases are seen further west so, Virginians, there is still hope! Contact me today to find the best mortgage rate for you!

https://www.mpamag.com/us/mortgage-industry/industry-trends/us-housing-market-suffers-from-mortgage-lock-in-gap/498122

Find out which state has the biggest issue…

07/18/2024

Looking to buy a new home but struggling with down payment or closing costs? You're not alone. Luckily, there's a solution: Freddie Mac BorrowSmart®. This program is designed for low- to moderate-income borrowers and offers up to $1,250 in down payment and/or closing cost assistance, based on eligibility criteria. The best part is that the funds homebuyers receive from BorrowSmart are not in the form of a loan, so you won't have to worry about paying it back. (It’s not too good to be true!) If you qualify for a Freddie Mac Home Possible® or Freddie Mac HomeOne® mortgage and have enough cash for a 3% down payment, you could be eligible for assistance.

Contact me today to learn more!

07/16/2024

When purchasing a home, securing the best mortgage rate is crucial. This involves not only finding a trustworthy lender and a suitable loan but also ensuring you are approved for the lowest mortgage rate possible. Several factors that influence your mortgage rate are within your control. By improving these aspects, you can secure a better rate.

Contact me today to learn more!