A GIFT to Homebuyers! Guild’s Payment Advantage program lowers the buyer’s rate by 1% for their first year on us!

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Payment Advantage is a Conventional loan for homebuyers wanting to save on their payments now as rates continue to rise. For eligible homebuyers, Payment Advantage will lower your payment for the first year by paying 1% of your interest rate for year one of your mortgage.
 
BONUS – Loans locked on or before 3.31.2023 can be paired with Guild’s Payment Protection Program to be able to refinance once rates drop in the future with no lender fees.

The emotional security of owning your own home immense! With home values coming down, and sellers more apt to provide incentives, now you can add peace of mind with Guild’s new programs. Let’s Talk! Text, call, or email me for more details @ 916-257-1470 @ dtharp@guildmortgage.net

Download Flyer Here!

The above information is for educational purposes only. All information, loan programs, and interest rates are subject to change without notice. All loans are subject to underwriter approval. Terms and conditions apply. Always consult an accountant or tax advisor for full eligibility requirements on tax deductions.

*For Payment Protection Programs full terms and conditions, visit www.guildmortgage.com/homebuyer-protection

NEW!!! Help your Sellers sell their home FASTER by locking in the rate for your potential buyer.

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Rates are rising—let’s get your listing sold now! Our LockNow and Sell program takes the uncertainty out of homebuying.

Guild Mortgage’s LockNow and Sell program guarantees the interest rate for your listing even if rates continue to rise.

By the seller locking in a rate,* buyers can feel sure about their purchase—there’s no need to wait for rates to drop as their rate will not increase at the time of purchase. And if rates go down, the homebuyer can utilize a float-down option.
 
Here are the details:

check iconSecure today’s rate on your seller’s property for 60 days*
check iconConventional, FHA, VA, or USDA financing is available, so the homebuyer can choose the financing that’s right for them**
check iconThe seller must commit to providing a 2% seller incentive to buydown the homebuyer’s interest rate

*$1,500 non-refundable upfront lock-in fee applies to secure the interest rate for the future of the homebuyer for 60 days. **Additional loan level price adjustments may apply based on credit score, occupancy, loan term, loan-to-value, or guideline requirements. A seller incentive of 2% of the final sales price is required to pay for the buydown costs or closing costs, whichever the homebuyer selects. For use by Real Estate Professionals only. Not intended for public use or distribution.

You get exclusive access to this program now. Text, call, or email me for more details @ 916-257-1470 @ dtharp@guildmortgage.net

LockNow and Sell Faster
Sell your listing FASTER and stand out from the crowd by offering a locked rate with your listing!
Download Flyer Here!

The above information is for educational purposes only. All information, loan programs, and interest rates are subject to change without notice. All loans are subject to underwriter approval. Terms and conditions apply. Always consult an accountant or tax advisor for full eligibility requirements on tax deductions. Consult the LockNow and Sell Program Guidelines for eligibility information and LockNow and Sell Agreement for full program terms. Subject to change without notice. A seller incentive of 2% of the final sales price is required to pay for the buydown costs or closing costs, whichever the homebuyer selects. For J.D. Power 2021 award information, visit jdpower.com/awards.

With Inflation Rising, Is This The Right Time To Buy a Home?

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Inflation has been the word du jour of late, and we all feel it. My ah-ha moment was when I filled up my tank a few weeks ago at my favorite gas station, and gas was $6 a gallon! We are not alone in this pain, as folks are feeling this worldwide. According to an energy data tracking company, gas prices in the U.S. ranked 70th among the 170 counties tracked. For our friends in Germany, gas is pushing $9, while in Hong Kong, it’s over $11!

Having been a mortgage professional in Sacramento for two decades, I get asked a lot, “Is this the right time to buy?” and second most popular question, “What’s your rate?”. These are excellent questions, as I, too, seem to always focus on the financial benefits of homeownership. Thankfully, my new homebuyers remind me daily that owning a home is not a purely financial investment but a life-changing event. It provides stability for your family in a neighborhood you love and creates lasting memories as you turn that house into your home.

I am strongly inclined that you are reading this blog because you have been considering buying a new home. And I suspect the current economy might be putting a damper on those dreams. Are you basing this mood on emotion and fear? Have you considered the actual benefits of owning your piece of the pie? With home prices way up and inflation increasing the cost of life’s basic expenses, is now the right time to dive into your first mortgage? And if you wait, could you be priced out of the market altogether? You might not be entirely surprised by my answer. If you are ready for a long-term commitment and can comfortably afford the monthly mortgage payment and ongoing homeownership costs, then YES, YES, YES. It may be your perfect time to buy.

Let me hit you with some financial data regarding inflation and buying versus renting. According to a Stanford University study (January 2020), residential real estate has historically been an “investment safe-haven” during inflationary periods. In addition, during another moment of surging inflation (the 1970s), home prices rose relative to the size of the economy. Great news for homeowners since it meant their home’s increasing value helped offset rising costs elsewhere.

For my renters who have been stalking the market but are now not sure they want to buy, I always ask, “Is your rent going down?” According to CNN Business, rents in Sacramento jumped 19.5% from 2020 to 2021. For those wanting to make the leap to owning a home, “rising rents will remain a motivating factor even as for-sale home prices and mortgage rates continue to climb,” said Danielle Hale, Realtor.com’s chief economist. 

With home prices seeing such a jump over the previous few years, I have to drive the point with my new buyers that few of us are lucky enough to find our dream home the first time. So, think about compromising to find that sweet, happy medium instead of trying to get everything you want. The power of homeownership starts with your first purchase, and buyers have to start somewhere so they can eventually get to where they want to go. So, reach out to your favorite realtor to find that balance between home size, neighborhood, price, and all the bells and whistles.

Is Buying a Home a Hedge Against Inflation?

Homeownership, for many, is the ultimate American dream. Of course, people may not want to own a home for many reasons, but there’s no denying that being a homeowner can hugely impact your net worth. According to a CNBC.com article (Sept 2020), in 2019, homeowners in the U.S. had a median net worth of $255,000, while renters had a net worth of just $6,300. Let that soak in for a minute. 

However, don’t think this answers all your financial needs. Buying a home is a big deal and not something to take lightly. Take your time to review the financials with your realtor, your mortgage person, and possibly a financial planner. Owning a home is a big responsibility to pay for and maintain. If you don’t feel you can stay rooted in that home for at least a few years, then renting might be the best route. 

The above information is for educational purposes only. All data, loan programs, and interest rates are subject to change without notice. All loans are subject to underwriter approval. Terms and conditions apply. Always consult an accountant or tax advisor for complete eligibility requirements on tax deduction.

Buy your next home using Guilds Mortgage Sandwich. It’s Delicious!

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For most of us, a sandwich was the first meal we learned to make for ourselves. As a result, roughly 50% of Americans consume a sandwich every day. I mean, come on, it’s one of the most simple yet versatile and loved foods on the planet, with countless variations to satisfy every palate.

And yet, for all its popularity, the sandwich is not infallible. Sometimes even the most basic ingredients can go awry—not to mention your more labor-intensive gourmet sammies, like Croque-Monsieur or the classic Sloppy Joe. Unfortunately, it takes just one poorly designed sandwich to realize how bad it can go wrong.

Similarly, over 50% of California’s own a home – so the majority of us have experienced the process of getting a mortgage and understand the essential “ingredients” to a successful close, but for many, it’s the opposite feeling of having your favorite go-to sandwich – it’s a complete drag! So how do you maximize taste, keep everything between the bread, manage any sogginess, and create the best balanced and delicious mortgage sandwich?

3 Items You Need for That Perfect Mortgage Sandwich

1 – Digital Lending for Speed and Efficiency

Getting a mortgage can be very document-intensive, with stacks of papers to collect and sign. And many lenders still work this way, asking for all of your supporting documents upfront, then picking what they need to complete your approval. So, years ago, Guild decided to flip the script and go to a more progressive platform to provide state-of-the-art technology to streamline the application process and minimize the number of documents to gather without sacrificing the human touch. You get all this technology with the guidance of an actual human being.

For example, Guild can verify a borrower’s assets without asking for a bank statement using AccountChek®. Instead of asking for a copy of a paystub or W2, we authenticate the borrower’s employment status digitally, using The Work Number®. Thus, speeding up the process significantly by requiring fewer documents, helping to remove much of the hassle and frustration compared to your more traditional mortgage experience.

2 – THE SECRET SAUCE is Customer Service

Guild Mortgage is known for its customer satisfaction, as evidenced by our #1 Ranking in Customer Satisfaction with Primary Mortgage Origination by J.D. Power*. At Guild, we want our customers to truly get that we are partners in their pursuit of a home. For more than 60 years, we’ve grown through referrals by focusing on doing what’s right. As a result, you can expect from Guild:

  • A FOCUS ON YOU – We look for a loan that fits your life. By thoroughly understanding your needs, circumstances, and life goals, we tailor each loan correctly for you.
  • HEART – We do what’s right for our customers, partners, employees, and community.
  • EXPERTISE – We have a proven track record of closing on time. We mind the details, so you don’t have to.
  • COMMITMENT – Wherever you call home, we are there in your community to strengthen and sustain the places people call home.

Guild prides itself on its core value, the promise of home without high-pressure sales tactics. Our goal is to learn more about you, assess your goals, review your financials, then make personalized loan recommendations to give you the necessary tools to make a sound decision either way.  

3 – The Benefits of Keeping your Money Local

I love when I can shop at my local grocery store, send my daughter to summer camp, or go to the movies, knowing my dollars support the people in my neighborhood. The same can be said for every client that comes to me for a mortgage. My team and I are local, familiar with the area, and knowledgeable about the community. We frequent the same businesses like you, and by keeping your dollars within our community, our friends and neighbors can meet their needs and prosper. By focusing on this local availability of wealth, we can create even more opportunities for those around us. 

I know some things are just easier online, as I am not immune to the power of pushing the “Buy Now” link when shopping on Amazon. But, whenever possible, I love the act of handing someone in my neighborhood my money, knowing it’s rewarding the people and businesses that serve our community.

Dan Tharp has been a Mortgage Lender in Sacramento for almost 20 years and would love to help you with your next mortgage.

The above information is for educational purposes only. All information, loan programs, and interest rates are subject to change without notice. All loans are subject to underwriter approval. Terms and conditions apply. Always consult an accountant or tax advisor for full eligibility requirements on tax deduction. *Ranked #1 in Customer Satisfaction with Primary Mortgage Origination. For J.D. Power 2021 award information, visit jdpower.com/awards

NEW! Anyone need an ALL CASH OFFER program?

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I am excited to announce that Guild is releasing an all cash program to help our buyers win the deal.

This program allows my credit-approved borrowers to submit an all-cash offer, using proof of funds from Guild, to enter into contract with no financing or appraisal contingencies. Yes, you heard this right. If Guild Mortgage cannot close the buyer’s loan in time to meet the contract requirements, they will guarantee to pay cash for the home and then close the buyer’s loan. AND we can also couple this with our fantastic Lock and Shop program. So lock your rate today, find your dream home, offer in cash, and we finalize the loan.

This is a game changer for us, and you get exclusive access to this program now because I am on the pilot program. Text or call me for more details (916-257-1470 dtharp@guildmortgage.net)

Download Flyer Here!

The above information is for educational purposes only. All information, loan programs and interest rates are subject to change without notice. All loans subject to underwriter approval. Terms and conditions apply. Always consult an accountant or tax advisor for full eligibility requirements on tax deduction. For Lock and Shop full terms and conditions, visit www.guildmortgage.com/cap-hbe-terms. Consult the CashPass Program Guidelines for eligibility information and CashPass Program Agreement for full program terms. Subject to change without notice. A non-refundable participation fee, along with a minimum 2% earnest money deposit is required for participation in this program. Other costs may apply.