One of the first steps in purchasing a home is getting either pre-approved or pre-qualified for a mortgage. Unless of course, you’re buying with all cash. 😁 It’s very easy to get confused between the two things. So, should you get Pre-Qualified or Pre-Approved for a mortgage loan? Without getting into too much detail, we’ll give you […]
Articles about Mortgage Loans for Real Estate
A mortgage loan or simply mortgage is a loan used either by purchasers of real property to raise funds to buy real estate, or alternatively by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged.
The loan is "secured" on the borrower's property through a process known as mortgage origination. This means that a legal mechanism is put into place which allows the lender to take possession and sell the secured property ("foreclosure" or "repossession") to pay off the loan in the event the borrower defaults on the loan or otherwise fails to abide by its terms.
The word mortgage is derived from a Law French term used in Britain in the Middle Ages meaning "death pledge" and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken through foreclosure. A mortgage can also be described as "a borrower giving consideration in the form of a collateral for a benefit (loan)".
Photo by Gallowolf - Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=96245313
2017 Year in Review * Guthrie Group Homes, Realtors
2017 was another crazy year, both in real estate, and California as a whole. Not to mention the nation and the world! I’m not sure if it’s me, but things seem to get stranger every year. Maybe it’s just my age. Despite the craziness, it was a pretty good year. But that all depends on […]
How Credit Cards Affect Your Mortgage Application
So you think you’re finally ready to buy a house, but you have some credit card debt you’re thinking of paying off first. You’re wondering if your credit cards will affect your ability to get a mortgage. That’s a smart thing to wonder! Getting your credit in order before you apply for a home mortgage […]
The Worst Mistake You Can Make with a Grant Deed
Libby has been particularly frustrated about something lately and has asked me to share it with you. She wants very much for people to avoid a particular mistake that can cause them all kinds of problems regarding a real estate thing. We have seen people make this mistake many times over the course of […]
Know and Understand Your Credit Score and Report [Infographic]
According to a new report from the credit bureau Experian, many prospective homebuyers are put off from the process because they are unaware of their credit scores. But knowing your credit score has never been more simple. Start by getting your free report from CreditKarma* at https://www.creditkarma.com. Yes, it’s totally free and there is no […]
Mortgage Lenders Ease Rules For Home Buyers
When push comes to shove, banks and other lending institutions need to lend money in order to make profits. After the mortgage debacle that peaked around 2007 when lenders had been handing money out by the fist full to anyone who asked, the pendulum swung back to the opposite end where only those with excellent […]
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These are a few of my favorite things 🎶 (Cue the music and bring in Julie Andrews...) 🎄
Smart home gadgets can help you simplify your celebrations and create lasting memories—plus, studies show they can increase your property value by up to 5%. Cha Ching! 🤑
Here are a few of our favorite uses for smart tech this season:
👨🍳 Effortless Entertaining
Make your gatherings unforgettable with smart lighting and voice-controlled music.
⭐ Upgraded Traditions
Enjoy movie nights with a smart projector, or create a dazzling outdoor display with ease.
🤖 Simplified home management
Keep your home spotless with a robot vacuum and manage deliveries with a smart doorbell.
🔒 Enhanced Home Security
Protect your home while you're away with smart security systems.
Check out our latest blog post to learn more about how smart home tech can increase your home value and to see our picks for the best gadgets for a stress-free holiday season.
🔗 [Lincoln Bio] 😏
#realestate #realestateagent #smarthometech #homeimprovements #propertyvalue](https://guthriegrouphomes.com/wp-content/plugins/instagram-feed/img/placeholder.png)
