One most exciting phrases to hear for homebuyers purchasing during a seller’s market is, “Offer Accepted”.

If you are in the market searching for your next home, vacation home or investment property you know that the mortgage pre-approval is the first and most important step in the process.   The pre-approval process is even more important during a seller’s market to ensure the Seller’s Agent and Seller’s themselves are confident in the strength of your approval. Read the rest of this entry »

We are living through challenging times that will one day be found in history books throughout the world.  In Michigan, the Stay at Home Order was just lifted on June 1st.  This order caused non-essential workers to be home more then ever before and many are realizing their current space is too small, their layout is not functional, there is not enough storage, they are sick of paying their landlord or listening to their neighbors through paper-thin walls to name a few complaints.  So, why not use this extra time to look at buying a house that will bring some joy back to being at home?

There is no better time to start looking at options for purchasing a new home, but is it possible to buy a home right now?

Some general facts you need to know before getting started in the home buying process during the COVID-19 outbreak:

• You must be willing to embrace technology.
• Mortgage Lenders are considered essential and are closing mortgage loans every week for purchases as well as refinances.
• Every individual situation must be evaluated as there is not a one-size-fits-all option.
• It is OK to get started by creating a home buying plan, but NOT purchase right away if you are uncomfortable with current conditions. Your safety and confidence are of utmost concern when purchasing a home.

Read the rest of this entry »

These are trying times with many Americans facing illness, mental and emotional fears topped off with financial pressures.  It is important to have a clear understanding about Mortgage Forbearance before making decisions.

 Mortgage Forbearance IS NOT Forgiveness

The Care Act has been passed by the government to all for “Federally Backed Mortgages” to request a forbearance on their mortgage payments for up to 6 months, depending on the individual situation.  So what is a forbearance?  A forbearance is an agreement with your mortgage servicer to reduce or delay regular payments for a set period of time.  When the forbearance period ends payments will be due as agreed upon in the forbearance agreement.

For those in a position where you have no ability to pay your mortgage a mortgage forbearance could be exactly what you need to keep your home and manage through this crisis.  It is imperative to explore ALL other alternatives as this IS NOT a handout from the federal government.

The process for which forbear mortgage payments will be made up is going to depend upon the mortgage servicer and their policies.  In some instances once the 6 months are up the next payment will be due as usual as well as ALL 6 payments that were put into the Forbearance.

If you are in a situation where payments will be missed and need help, contact your mortgage servicer because you must request forbearance; it is not automatic.  Make sure to do the following:

Read the rest of this entry »

During these uncertain times, Guild Mortgage Inlanta is here for you.

Like so many of you, we have spent the last several days and weeks learning about COVID-19 and how it is impacting our world. For Guild Mortgage Inlanta, that means understanding how it affects our customers, referral partners, employees and communities, and then making the necessary adjustments to our day-to-day operations.

With the state-mandated shut-down of businesses, we want to assure you that Guild Mortgage Inlanta will remain fully operational and working on your loans as we are included in the list of essential businesses providing banking and financial services.

We have taken proactive steps to put your safety as our highest priority, while maintaining the high productivity of our business operations. We are committed to providing you with the same high level of service, and continuing to close loans as we always have – on time and without surprises.

With that in mind, we have made several adjustments to our business:

• Our Ada office is closed with employees working from their home offices.
• We continue to assist clients and partners via phone, email, chat, our IMhome app or an online meeting. We are prepared and able to operate as we always have in order to keep all loans on track.
• We have canceled all large meetings, as well as our community events and seminars, in an effort to do what we can to help prevent the spread of the illness.
• We are closely monitoring the situation and will continue to respond as necessary to keep everyone safe.

We are grateful to have some of the best technology available to keep things moving without interruption.

We know this is a difficult time for everyone and we thank you for your trust and continued loyalty.

Download Our IMhome App

For additional information about COVID-19 and actions you can take to help protect yourself, please visit a trusted resource such as the Centers for Disease Control and Prevention at cdc.gov.