Blog | Guardian Capital


Tips for Finding the Best Interest Rates

Posted on May 12, 2017 in Blog

Tips for Finding the Best Interest Rates It is not always easy to find the best interest rates. They can fluctuate dramatically within a short period of time. However, there are some tips you can use to find the best rates in the market. Have Reserves Your lender needs you to have emergency funds or assets that can be sold quickly. This is to guard from having unexpected expenses that could force you to defer your house payments. You need a minimum amount of reserves to qualify for a mortgage. You need to have enough reserves to avoid complications that could be triggered by your lender’s requirements. You may be forced to start from scratch if your lenders reserve requirements cannot be complied with. Down Payment Most people believe that you have to place a down payment. This depends on the program or the lender. You can get a mortgage with a down payment that is as low as 3 percent and in some cases no down payment at all. The Department of Veteran Affairs has loan guarantees that require no down payments. The Navy Federal Credit Union offers loans with no down payments for qualified members who are looking to buy a primary home. Also the Department of Agriculture has 100 percent financing for first time buyers in eligible areas. Live Within your Means Ensure that monthly payments are within what you can afford to comfortably pay. Avoid stretching it to the limit with the hope that your income will increase in the next few years. You can calculate your monthly debt obligations including your house payment, if exceeds 36% of your income you may be going beyond your limits. Use the Internet You can get better rates by shopping for lenders online. It is more competitive online and you are more likely to get a better rate than with a brick and mortar...

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Things You Need to Know Before You Sign Up for Refinancing

Posted on Apr 23, 2017 in Blog

Mortgage refinancing can be a useful facility that you can use to improve your financial situation. You can potentially save hundreds of dollars a year simply by choosing mortgage refinancing. However, there are things you need to consider before you go for this option. Hidden Fees and Penalties Some refinancing packages may penalize you and charge you hidden fees that you were not aware of. Some financiers can penalize you for using your home equity credit. Take time to read the fine print before you sign any refinancing agreements. Breaking Even Refinancing allows you to pay lower monthly payments for your mortgage. One of the most important considerations you need to make is how soon you’ll regain the cost of refinancing with the new monthly payments. Often the new loan will have a longer term that your previous one. There is no set rule as to how long it should extend. However, experts advise people seeking refinancing to ensure it remains within a 36 months period. Find a Specialist Many people see a financial or legal specialist as an additional cost. Indeed there are many situations including those that are related to refinancing that do not require the services of an expert. However, when you are looking at options for refinancing you may want to consult an expert. Most people do not know and are not made informed by the bank of the many refinancing options available in the market. Professional Assistance An expert can help you Identify specific issues that tend to plague refinancing. Such issues include hidden fees and penalties. A professional who is conversant with this type of financing can identify some of the pitfalls and avoid them. Additionally, if you do not understand the financial and legal lingo in some of the documents you may sign up for something that you’ll regret...

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Taking Care of Your Credit Score Can Help You Get the Best Mortgage Deal

Posted on Mar 15, 2017 in Blog

Purchasing a new home is probably one of the biggest commitments you will make in your entire life. And because most of us just tend to purchase just one during our entire lives, it makes it more pressing to get it right the first time. Although, obtaining the best deal and transaction is never simple because a lot of different factors come into play when coming to terms with how high or low your mortgage will be. Here is some helpful advice that can get you the best mortgage deals. A High Credit Score Can Get You A Good Deal Your mortgage payments will definitely be based depending on how good your credit score is. So it is always important to take care of your credit standing before jumping into a new purchase. You have to remember that the level of your credit score will determine how affordable your mortgage will be. It is important to be aware of simple things such as on-time payments of your monthly dues and other factors that affect your standing. One common mistake people do is apply for several mortgages without thinking that their credit score will be checked several times by different companies. When one prospective lender investigates your credit score, it will be considered against your standing and subsequent lenders will be able to see those details from your credit report. When your prospective lender sees this, they can be discourages as you might be seen as only credit hungry. This in turn lessens your chances for approval. Several credit checks can also affect the score rating which would make it difficult for you to be approved for any mortgage deals. Get the Right Partner to Get Your Dream House Guardian Capital prides itself with offering the best mortgage deals in the market. We aim not just in giving you the best offers but build a lasting relationship that can be worth all your efforts. Guardian Capital offers several loan options at the lowest interest...

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Dream of owning a house; Come to Guardian Capital

Posted on Feb 13, 2017 in Blog

Having a dream home in California can become a reality very soon. California may have one of the highest real estate rates in the U.S., but that should not be a deterrent to people from dreaming of buying their house in this state. Guardian Capital is available to help prospective homebuyers with various attractive plans. We shall look at some of the finance options through this blog. Building a home costs money. Not everyone would have enough savings on hand to build his or her dream home. Therefore, financial assistance is always welcome. When you have access to attractive options from Guardian Capital, it makes the job even easier. The greatest advantage of these options is the low interest rates offered. You might not find a better loan package or interest rates anywhere else. Therefore, refinancing your loan is an attractive option at Guardian capital. Customer satisfaction is uppermost on the minds of the loan experts at Guardian capital. They work with the sole aim of offering the best loan product to their clients. They have a great reputation of offering the quickest sanctions in the home loan market. If your documents are in order, you get the fastest sanctions at your doorstep. They have facilities where they offer pre-approved loans as well. Therefore, if you are looking for a new house or seeking to refinance your existing loan, this is the place to approach. You can take advantage of the lowest rates. They have loan plans for every age. One such option for the senior citizens is the ‘Reverse Mortgage’ plan. This loan entails you to receive the value for your house as an annuity. You have the option not to repay the loan at all. You can enjoy the benefits of your home as long as you live. Your legal heirs can take charge of the repayment, if necessary. Otherwise, the asset pays for...

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Get the Best Mortgage Rate and Loan Program from Guardian Capital

Posted on Jan 12, 2017 in Blog

If you want to purchase a home, you will likely need a mortgage lender to help you pay for the property. Mortgages make it possible to spread the payments out over decades, instead of having to pay for the home out of pocket. When you find that home of your dreams, your mortgage lender will be your new best friend! At best, your mortgage lender can make your home buying experience as smooth as silk. A sloppy mortgage lender, on the other hand, can cost you the chance to buy the house of your dreams, or worse, leave you in the lurch without a house to call home. Just imagine the devastation that ensues when a lender fails to close an approved loan within a specified time window, and you lose the house you bid on. Unfortunately, these kinds of mishaps aren’t uncommon. What does Guardian Capital do for you? As such, Guardian Capital is here for you. We are a wholesale mortgage lender that specializes in refinancing, Reverse Mortgages and even new home loans. We offer the best loan rates available in the market and also pride ourselves in developing meaningful long term relationships with our clients. Benefits of choosing Guardian Capital More loan alternatives Due to the fat that we are wholesale mortgage sellers, we have an extensive network of lenders to choose from when considering your loan. Unlike the banking sector, we provide our clients with options from multiple lenders with maximum flexibility when putting together a loan package. Low interest rates Due to the fact that we have a wide network of lenders, our clients are in a unique position to find the most competitive interest rates. Unlike the banks which dictate your interest rates, with Guardian Capital you can find the rates which suit you best. Unbeatable experience Owing to the relationships we have built with people over the last 20 plus years, we have been able to not only survive, but to strive even during tough market fluctuations such as the 2008 housing crisis. As such, we are uniquely qualified to handle even the most complicated clients with ease and confidence. If you need to get a mortgage, we are the best people for the job. You will not only get the home of your dreams, but you will get it at the best possible...

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Should You Take a Reverse Mortgage?

Posted on Dec 18, 2016 in Blog

A reverse mortgage allows you to convert a part of the equity you have accumulated on your home into cash. It is different from other forms of financing such as loans in that you do not have to pay the loan, unless you fail to finish paying the mortgage or lose the home as your principal residence. Is there a Better Way? A reverse mortgage shouldn’t be the first option you go for if you have money problems. It has a lot of implications which may affect the rest of the family. Take time to consult with loved ones before taking this step. Consider other options. Consider cutting down your expenses. You can move to a smaller house that is less expensive for you, meaning that you’ll have more money in your pocket every month. Income and Assets If you do not have a lot of income, and you have no other assets, reverse mortgage may not be the best for you. You may find it hard to fulfill your obligations as a homeowner which can lead to a foreclosure. If there is no other option, you may consider moving selling your house and using the money to buy a smaller home. Consider Children and Dependents If you plan to live the home to children or other dependents, you should be careful about taking a reverse mortgage. It could potentially jeopardize your plans to leave the house to your children and dependents. How Long Will You Live There? You also need to consider how long you intend to stay in the house. If you are going to be staying there for a short time, your loan is going to be expensive. You will be paying for insurance premiums you don’t need, since your loan balance may never exceed the value of your home. There may also be significant upfront costs....

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