Guild Mortgage is also our preferred lender. Guild Mortgage is a leading independent mortgage lender in the United States, specializing in residential home loans. For more than 56 years, they’ve grown through referrals by focusing on doing what’s right.
They are ranked #1 “Highest in Customer Satisfaction with Primary Mortgage Orginations” – J.D. Power
If you are thinking about buying, selling or refinancing a home, Guild Mortgage is ready to help you navigate the journey ahead, a mortgage is one of the most important steps to buying a house for a lot of people.
You can Apply for Home Loan and bring alive your dream of owning a home
What you need for Home Loan :
Mortgage book and deposit book (50% of the loan amount)
Certificate of Deposit (for an additional 40% of the loan amount)
Tax Clearance certificate or Bankers’ Certificate
First Class or Premium UK (incl. Overseas Stamp or Overseas Account Number)
Proof of identity
2nd Home Loan: For those who have a 2nd Home Loan, you need to register it with the Tax office (FBO) for your country ofresidence
What You Can Save by Home Loan:
All your credit history will be wiped away
The original price of the home you want to buy will become the fixed-rate mortgage
The interest on the loan you take out on your own will be paid as a monthly mortgage payment. The lender will now use your credit history to guide them on what loan to offer you, based on your credit score.
What is a Home Loan?
As a Home Loan you can obtain a fixed-rate mortgage at a low interest rate for a fixed period of time. The fixed-rate mortgage is often referred to as a “No-doc” home loan.
A No-doc mortgage is when you pay no additional fees for a mortgage. The reason you don’t pay additional fees is that you are already paying enough fees by yourself. This is an easy way to save money for your family. Here’s how it works: you are approved for a fixed-rate mortgage at a low rate and can pay monthly with your own money. After you pay off the loan you return to the open-ended term of the mortgage. Your interest rate is now locked in and is what the mortgage lender is set at. In many ways it is a very good deal, which is why it is widely used.
But, if you are not able to pay the loan back with the money that is left from the interest-free period, your interest rate goes back up and you are locked in at the highest interest rate. Many people aren’t aware that they can go from a low interest rate, to a higher interest rate. It’s just one more way they can be caught in the catch-22 of low-rate loans.
Low Interest Rate
To save money, you would like to pay a lower interest rate for your loan. The best way to do this is to set your monthly payment for the loan to a lower number than the monthly payment for your other monthly bills. That way you can choose between paying interest and paying monthly rent or mortgage payment.