Blog | Guardian Capital

Blog

Tips on How to Stay Afloat with Your New Home Loan

Posted on Jul 12, 2017 in Blog

Tips on How to Stay Afloat with Your New Home Loan Buying a home is a nice thing, at least you own a property and have realized one of your top dreams. While finding the home is a step forward, there is the difficult part of financing it. You want to choose a home loan that you can pay and won’t create a financial burden. These tips can help you stay in line with your loan repayment plan and ensure you own your home to the end: Have a Down Payment Start to prepare for a financing option in buying your home. You can save some money for a down payment. This gives you the ability to reduce the amount you borrow. It also determines your loan term and the amount you have to pay every month. Check the Mortgage Pricing You will find that mortgages are not the same. You may have loans that attract the same interest rates, but there could be fees and other expenses that can make a home loan expensive. Get to understand the components of each mortgage. You can compare different offers to see that you get a manageable offer. Understand the Loan Options Just because your friend has opted for an adjustable-rate loan, it does not mean that is the best option for you. You can consider the 30-year fixed-rate loans, but that should depend on your financial situation. So, you need to understand the type of loan that will suit your financial needs. Watch over Your Credit One thing you need to observe is that you take care of your credit when applying for a loan. Creditors may decide to get your credit report for a second time just to see if there are changes. Anything you do that brings you credit score down may impact on your ability to get a mortgage. During that time, make sure you pay your bills and refrain from applying for new credit cards. Don’t take another big loan like a car loan until you have the home loan closed. Do you need a loan to finance your new home? You can work out things with Guardian...

Read More

How to Improve Your Credit Score

Posted on Jun 23, 2017 in Blog

If you are struggling to bring up your poor credit score, it can be easier than you think. It might take some time to get your credit score to where you would like it to be, but there are steps to take to get you there. Here are a few tips on how to improve your credit score. Try some of these tips and you will reach your credit score goals in no time. Don’t Use All of Your Available Credit One sure way you can improve your credit score is to be sure you aren’t using the entire allotted amount of credit available. Most credit cards will offer you a high line of credit, but that doesn’t mean you should use it. It is recommended that you use no more than thirty percent of the credit limit that is available to you in order to improve or maintain a good credit score. Pay off Your Debts Another way you can improve your credit score is to pay off all of your debts as soon as you can, particularly your credit card debt.  Your score will improve if you only have one or two cards with balances rather than having several cards with small balances. This is because part of your credit score is contingent upon how many credit cards you have. It just makes more sense you have one or two cards that you can use rather than several cards with so many balances to pay off. Consider paying some of the smaller amounts off or transferring the balances onto one card. Always Pay Your Bills on Time   You can also improve your credit score by paying your bills on time. This shows that you are reliable and on time with your...

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More