NAR CASE – Why Buyer’s Agent Representation Is So Important

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& What Great Real Estate Agents Do to Get You into the Home You Love!

Dear Home Buyers,

In today’s dynamic real estate market, the role of a buyer’s agent is more pivotal than ever. The recent NAR Settlement has ushered in significant changes that can benefit you, the home buyer, in numerous ways.

With over two decades of experience in the industry, I’ve had the privilege of working with some of the industry’s finest. I wouldn’t dream of entering negotiations with a seller or listing agent without my own representation. Your agent is not merely a facilitator; they are an indispensable part of your home buying team. Their knowledge and expertise can guide you through the intricacies of the market and secure the best deal for you. The key takeaway is this: partnering with a buyer’s agent can save you money and streamline your home buying journey.

The attached flyer offers just a glimpse of what the best agents do! In the past, they performed these tasks behind the scenes to ensure a carefree and easy experience for the buyer. However, given the recent media coverage that fails to highlight the real work realtors do, this flyer will provide you with a clearer picture. Social media often falls short as an honest broker, so please don’t hesitate to call me for more information.

In a nutshell, enlisting the help of a buyer’s agent will tilt the odds in your favor. Happy house hunting!

The emotional security of owning your own home is immense! With home affordability coming down, buyers need all the help they can get and I would love to be a part of that journey with you – I am here to serve! 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.

WHAT IS MORTGAGE INSURANCE? A Comprehensive Guide

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Mortgage insurance is a crucial component of the homebuying process, especially for those who are unable to make a substantial down payment. In this guide, we’ll delve into the ins and outs of mortgage insurance, focusing on how it works specifically in the Sacramento area.

What is Mortgage Insurance? Mortgage insurance is a financial safeguard for lenders in case borrowers default on their loans. It is typically required when the down payment is less than 20% of the home’s purchase price.

Types of Mortgage Insurance:

  • Private Mortgage Insurance (PMI): PMI is commonly used for conventional loans and is provided by private insurance companies.
  • FHA Mortgage Insurance Premium (MIP): MIP is mandatory for FHA loans and is paid both upfront and annually.

How Does Mortgage Insurance Work?

  • Protection for Lenders: Mortgage insurance protects lenders by reimbursing them if borrowers default on their loans. It enables lenders to offer loans with lower down payment requirements.
  • Cost to Borrowers: Borrowers typically pay for mortgage insurance either monthly, as part of their mortgage payment, or upfront at closing. The cost varies based on factors such as loan amount, down payment, and credit score.
  • Cancellation Options: Borrowers with conventional loans can request to cancel PMI once they have accumulated sufficient equity in their homes, typically reaching a 75%-80% loan-to-value ratio. For FHA loans, MIP is required for the life of the loan in most cases.

Benefits of Mortgage Insurance:

  • Access to Homeownership: Mortgage insurance allows borrowers to purchase homes with a smaller down payment, making homeownership more attainable.
  • Competitive Interest Rates: With mortgage insurance, lenders are more willing to offer loans with lower down payment requirements.
  • Flexibility: Mortgage insurance offers flexibility in financing options, catering to a diverse range of homebuyers.

Considerations for Sacramento Homebuyers:

  • Market Dynamics: Understanding the local real estate market and loan requirements specific to Sacramento is crucial for navigating mortgage insurance effectively.
  • Consultation: Working with an experienced mortgage lender like Dan Tharp can provide valuable insights into mortgage insurance options tailored to the Sacramento area.

In conclusion, mortgage insurance plays a pivotal role in facilitating homeownership by mitigating risk for lenders and providing opportunities for buyers with smaller down payments. By grasping how mortgage insurance works and its implications in the Sacramento market, prospective homebuyers can make informed decisions to achieve their homeownership goals.

For personalized guidance and expert assistance with your mortgage needs in the Sacramento area, feel free to reach out to Dan Tharp, your trusted mortgage lender.

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.

A GIFT to Homebuyers! Get Closer to Home with Guild’s 3-2-1 Home Plus Program!

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3-2-1 Home Plus Program
If you’re a first-time homebuyer with a 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, $500 to $1,500 toward closing**
 
BONUS – 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.

The emotional security of owning your own home is immense! With home affordability coming down, buyers need all the help they can get. Now, you can add peace of mind with Guild’s 3-2-1 programs. Let’s Talk! Text, call, or email me for more details @ 916-257-1470 @ dtharp@guildmortgage.net

3-2-1 Home Plus
Gift Card and Credits
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 3-2-1 Home Plus program full terms and conditions, visit 3-2-1 Home Plus Program | 3% Down Payment | Guild Mortgage

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.