The Mortgage Brief

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Episode Summary: In this enlightening episode, we break down the benefits, requirements, and process of VA Home Loans. These specialized loans, backed by the U.S. Department of Veterans Affairs, empower veterans, active service members, and surviving spouses to achieve homeownership without the barriers of traditional mortgages. From no down payment to reduced fees, discover how VA loans can open doors for you.

Show Notes:

Introduction:
- Overview of VA Home Loans.
- Importance for veterans, service members, and surviving spouses.
- VA Home Loan Advantages :
- No down payment required.
- Cash-out refinance options.
- Lower interest rates and no PMI.
- Higher debt-to-income ratios accepted.
- Learn more about these benefits here.
- Eligibility and VA Funding Fee Exemptions :
- Certificate of Eligibility (COE).
- Service requirements.
- Exemptions from funding fee including disability compensation.
- Complete guide to VA funding fee here.
- Application Process :
- Step-by-step guide from obtaining COE to closing the loan.
- Expert tips from VA-approved lenders.
- Conclusion & Contact Information:
- Summing up the empowering aspects of VA loans.
- Get in touch with our recommended loan officers here.

Links & Resources:

VA Home Loan Benefits Guide
Find a VA-Approved Lender Near You

Subscribe & Review: If you found value in this episode, please subscribe and leave a review on Apple Podcasts, Spotify, or wherever you listen to podcasts.

Social Media: Share your thoughts and connect with us on Twitter, Facebook, and Instagram.

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Episode Summary: In this episode, we break down the essential components of a credit report, explain why it's critical for home buyers, and guide you through the process of checking and correcting any inaccuracies. Whether you're preparing to apply for a mortgage or just want to understand your financial standing, this episode is your key to unlocking the mysteries of your credit report.

Show Notes:

Introduction:
- What is a credit report?
- Importance of accurate credit reporting in the home buying process.
- The Three Credit Reporting Agencies:
- Experian, TransUnion, and Equifax.
- How to request a free copy of your credit reports.
- How to Read Your Credit Report:
- Personal information, public records, credit accounts, hard inquiries, soft inquiries, collections, and consumer statements.
- Red flags and common errors to look out for.
- Steps to Fix Incorrect Information:
- Five-step process to dispute and correct errors on your credit report.
- Importance of monitoring your report and ensuring the information is corrected or removed.
- Additional Resources:
- Guild Mortgage homebuyers loan guide.
- Consumer Financial Protection Bureau (CFPB) website for sample letters and more information on disputing credit report errors.

Links and Resources Mentioned:

annualcreditreport.com
Consumer Financial Protection Bureau (CFPB) website
Guild Mortgage homebuyers loan guide

Subscribe & Review: If you found value in this episode, please subscribe and leave a review on Apple Podcasts, Spotify, or wherever you listen to podcasts.

Social Media: Share your thoughts and connect with us on Twitter, Facebook, and Instagram.

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Episode Summary: In this episode, we dive into the world of home renovation loans, unraveling the various options available for homeowners looking to improve their living spaces. Whether you're planning to buy a fixer-upper or simply upgrade your existing home, this episode will guide you through the ins and outs of securing the right financing for your project.

Key Topics Covered: 1. Introduction to Home Renovation Loans

* Definition and overview
* Why consider a home renovation loan?

Benefits of a Home Renovation Mortgage
- One loan for purchase and improvements
- Potential tax benefits
- Enhancing home value and personalizing living spaces
- Types of Renovation Loans
- Conventional Renovation
- FHA 203(k) and 203(k) Limited
- HELOAN and HELOC options
- Qualifying for a Home Renovation Loan
- Credit requirements
- Down payment options
- Common pitfalls and how to avoid them
- Understanding the Renovation Loan Process
- Application and approval
- Working with contractors
- Draw requests and completing improvements
- Final Thoughts and Q&A
- Pros and cons of different loan options
- Tips for success
- Listener questions answered

Links and Resources Mentioned: * www.guildmortgage.com/jasonammann

If you're considering a home renovation and need expert guidance, connect with our recommended loan specialists in your area. Don't forget to subscribe, rate, and review our podcast to stay updated with more home-related insights

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What’s a first-time homebuyer? First-time homebuyer mortgage programs offer several benefits that can make it easier and more attainable for individuals and families to purchase their first home. You might still qualify as a first-time homebuyer even if you’ve owned a home before if you meet the following criteria: You’re purchasing the security property, you’ll reside in the security property as a principal residence and you’ve had no ownership interest (sole or joint) in a residential property during the three-year period preceding the date of the purchase of the security property. In addition, an individual who is a displaced homemaker or single parent also will be considered a first-time homebuyer if they had no ownership interest in a principal residence (other than a joint ownership interest with a spouse) during the preceding three-year time period.

Qualifications for first-time homebuying mortgages If you’re looking to buy your first home, there are a few things to keep in mind when applying for a home loan. Each type of first-time homebuying mortgage has specific requirements, but here are some general qualifications to consider:

Credit score Your credit score measures your ability to repay your debt and ranges from 300 to 850. A higher score shows you’re more likely to make your monthly mortgage payments on time and can improve your approval chances. However, you don’t need a perfect score or a credit score at all. Credit scores as low as 540 may qualify for some first-time homebuyer loans. Homeownership is also possible with our Complete Rate program. The program analyzes consistent income deposits and payments, including rental payment history, to provide a better interest rate to customers with no traditional credit score.

Income and employment When you apply for a mortgage, you must show you have a reliable way to make your monthly payments. Providing details about your employment history and income by submitting pay stubs, tax returns and proof of employment can help confirm that you’re a dependable borrower.

Debt-to-income ratio (DTI) Your debt-to-income ratio (DTI) compares monthly debt obligations to gross monthly income. Why does this number matter? Your DTI ratio is a key indicator of your financial health and how much home you can afford.

Down payment Did you know you don’t need to put 20 percent down on a home to qualify? Typically, first-time homebuyer programs offer zero and low down payment requirements, so you won’t have to worry about saving up a substantial amount of money upfront. To see how the amount of your down payment affects the affordability of your monthly mortgage payment, try out different scenarios with our mortgage payment calculator.

Savings and assets The amount of cash you’ve saved shows your ability to manage loan payments, pay closing costs and cover unexpected expenses.

These are general qualifications. Connect with a loan officer to learn more about the first-time homebuyer loans that may suit your financial situation.

Down payment assistance for first-time homebuyers Down payment assistance (DPA) programs are here to help first-time homebuyers like you increase their buying power. They’re ideal for those borrowers who can manage monthly mortgage payments but don’t want to wait to save up for a down payment.

You can find DPA programs offered by state or local governments, as well as other organizations aiming to support first-time homebuyers. These programs can help ease the initial financial pressure of buying a home and may even cover some closing costs. And if the assistance comes as a homebuying grant, you won’t have to repay it.

Guild Mortgage’s loan programs for first-time homebuyers We offer loan programs for first-time homebuyers designed to make homeownership more attainable. With zero and low down payment options, you can say goodbye to renting and hello to the benefits of homeownership.

FHA financing: For borrowers with lower incomes and credit scores, owning a home is still within reach. With more flexible requirements, FHA loans are designed to be more accessible than other types of home loans. For example, you may only need a 3.5 percent down payment and have a credit score as low as 540. Even if you haven’t established credit, we can help!
USDA loan: Are you looking to buy in a rural or suburban area? With USDA loans, you can enjoy benefits such as zero down payment requirements. Another advantage of USDA loans is their better-than-average interest rates, helping to reduce your long-term borrowing costs.
VA loans: Designed to support veterans and active-duty service members, VA home loans have zero down payment options and allow you to qualify even if you have a limited credit history. If you’re eligible for a VA loan, you may also benefit from a lower interest rate than a traditional mortgage, helping to reduce your monthly mortgage payments. VA loans offer the option for no private mortgage insurance (PMI), decreasing your overall costs.
Zero Down: For many first-time homebuyers, saving for a down payment is one of the first steps of the homebuying process and can take years. Our Zero Down program is an option to buy a home sooner without waiting to save. This program pairs a standard FHA first mortgage for up to 96.5 percent of the total purchase price, plus second mortgage options for your down payment and/or closing costs. The second mortgage provides down payment assistance of 3.5 to 5 percent of the purchase price as a repayable lien.
Payment Advantage: Reduce your rate by one percent for the first year on us. Our Payment Advantage program allows you to lock in a Conventional loan, and we’ll pay one percent of your interest rate for one year with a lender-paid temporary buydown. After the first year, you’ll have a predictable payment increase and may be eligible to refinance through programs such as the Payment Protection program, which has no lender fees. For Payment Protection program full terms and conditions, visit www.guildmortgage.com/homebuyer-protection.
Payment Advantage Plus: With Payment Advantage Plus, a 2-for-1 buydown program, eligible homebuyers can save even more. Payment Advantage Plus lowers your monthly payment for the first two years. When using a seller credit, your interest rate is two percent lower for the first year.* Then we’ll pay to lower the interest rate by one percent for the second year.
1% Down Payment Advantage: With 1% Down Payment Advantage, you can start your homebuying journey with as little as one percent down payment, and Guild will provide a two percent grant to make up your three percent down payment requirement on a conventional loan.** Plus, we’ve added Payment Advantage, where we’ll pay your interest rate down by one percent for year one.

First-time homebuyer loan next steps Buying your first home is an exciting milestone. However, there are a lot of factors to consider. These nine tips for first-time homebuyers can help you navigate the process with confidence.

The Payment Advantage and Payment Advantage Plus programs are a promotional offer from 11/10/2022 to 12/29/2023. The Payment Advantage program is a promotional primary purchase offer on a Conventional 1-year lender-paid temporary buydown. The Payment Advantage Plus program requires seller participation to provide a seller incentive to temporarily reduce the rate by 2% for the first year. The lender promotional offer will temporarily reduce the rate by 1% for either the first or second year of the conventional mortgage on conforming and high balance loan limits. The lender and seller-paid credit will fund the buydown escrow account, and the funds will be dispersed out of the buydown escrow account during the first 12 or 24 months of the loan. *Guild Mortgage to cover 2% of the required minimum down payment amount in the form of a non-repayable grant with a maximum grant amount of $5,000. Changes to the loan parameters, including but not limited to the loan amount, owner-occupancy status, loan to value and other factors may render the borrower ineligible for the program. Eligibility is subject to the program guidelines. The grant may only be used for the borrower’s cash investment in accordance with the program guidelines. Must lock rate on or after 6/12/2023. Not available with any other discounts or promotions. Offer cannot be retroactively applied to previously closed loans or loans that have a locked rate.

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. Always consult an accountant or tax advisor for full eligibility requirements on tax deduction.

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What’s a reverse mortgage? If you’re a homeowner over 62, a reverse mortgage loan allows you to access your home equity and turn it into tax-free cash—while you continue to live in and own your home.

A reverse mortgage differs from a Conventional mortgage, where a homeowner makes monthly mortgage payments, gradually decreasing the principal balance and increasing home equity. With a reverse mortgage, we make payments to you, and your loan balance grows with each one.

A monthly mortgage payment isn’t required for a reverse mortgage as long as you pay your property taxes, insurance and applicable HOA dues. However, just like any mortgage, the loan must be repaid when the borrower passes away, sells the home or moves out.

Reverse mortgage qualifications and requirements If you’re interested in a reverse mortgage loan, the first step is to meet with a HUD-approved counselor and undergo a financial assessment and counseling session to determine if this is the right loan solution for you.

To be eligible, you must meet these five qualifications:

You must be 62 years of age or older

A younger spouse or occupant of the home may be able to participate in the program in some states. 2. You own your home and use it as your primary residence

A primary residence is the main home where you and your family live. It’s the place where you spend the majority of your time and where you receive mail and pay your bills. Reverse mortgages can’t be used for rental properties, second homes or vacation homes. 3. The house is single-family, multi-family (up to four units) or an approved condominium or manufactured home

For a multi-family home (up to four units), you may qualify for a reverse mortgage as long as you occupy one of the units. 4. You own your home free and clear or have a small amount left to pay on the existing mortgage

Borrowers must also be current on all federal taxes and settle any tax debts. 5. Your home is in good condition before taking out the loan

A home appraisal and inspection may be performed on the property. Types of reverse mortgages According to the Consumer Financial Protection Bureau (CFPB), there are several types of reverse mortgages. The most popular are home equity conversion mortgages (HECMs)* insured by the Federal Housing Administration (FHA). A HECM is a federally insured reverse mortgage that allows qualifying homeowners to access the equity in their property and use it to supplement retirement income.

Pros and cons of reverse mortgages While a reverse mortgage can be a valuable financial tool, it’s essential to understand the potential benefits and drawbacks to make an informed choice about whether it’s the right option for you and your retirement goals.

There are several potential benefits to a reverse mortgage:

Convert your home equity into cash Reverse mortgages can give you greater flexibility in using your home equity.
No more monthly mortgage payments Unlike a Conventional mortgage, a reverse mortgage does not require monthly payments.
Use the funds for anything you choose These funds can be used as supplemental income however you choose. Common uses include saving for retirement, vacationing, improving your property or paying for medical expenses.
Stay in your home You’re still the owner of your home, and your equity is protected up to the loan amount. A reverse mortgage can also help address your concerns about the high cost of downsizing or relocating.
The loan doesn’t have to be repaid As long as you live in your home and meet your loan terms, repayment is deferred until you sell or no longer use the home as your primary residence.
It’s a non-recourse loan This means you’ll never owe more than your home is worth.

While there are many benefits to a reverse mortgage, there are also several drawbacks. Here are some of the most common cons:

Higher costs Reverse mortgages can give you greater flexibility in using your home equity.
Reduces your home equity Since the loan balance typically grows over time as interest and fees accumulate, a reverse mortgage can decrease the equity you have in your home. In addition, failing to maintain your home or make necessary repairs can lower its value and potentially reduce the amount of equity available.
Use the funds for anything you choose These funds can be used as supplemental income however you choose. Common uses include saving for retirement, vacationing, improving your property or paying for medical expenses.
The ongoing costs of homeownership don’t go away If you’re unable to meet the obligations of a reverse mortgage, such as paying property taxes or maintaining homeowners insurance, you may be at risk of foreclosure.
It may impact retirement benefits like Medicaid or Supplemental Security Income (SSI) A detailed discussion with a HUD-approved counselor will give you important information to help you decide whether a reverse mortgage is right for you. To get the most out of your counseling session, CFPB recommends coming prepared to discuss your financial needs and goals and the circumstances leading you to consider a reverse mortgage.

Difference between a reverse mortgage and a home equity loan Another way to borrow cash against your equity is through a home equity program. A HELOC is a line of credit secured by your home. You can use your revolving credit line for large purchases such as tuition, renovations and emergency expenses. A home equity loan (HELOAN) provides up to 95 percent of your home’s equity as a piggyback second mortgage.

Guild Mortgage’s reverse mortgage program Discover how much you may get from a reverse mortgage with the Guild Mortgage reverse mortgage calculator, then let’s connect.

Important information:

At the end of the reverse loan term, some or all of the property’s equity won’t belong to the borrower, and they may need to sell or transfer the property to repay the proceeds of the reverse mortgage. Guild will add the applicable reverse mortgage origination fee, mortgage insurance premium, closing costs, or servicing fees to the balance of the loan which will grow, along with the interest, over time. Interest isn’t tax deductible until all or part of the loan is repaid. Failing to pay property taxes, insurance, and maintenance might subject the property to a tax lien, foreclosure, or other encumbrance since the borrower retains the title.

*Fixed-rate and adjustable-rate reverse mortgages are insured by the FHA. Fixed-rate loans are distributed in a single lump sum with no future draws. Adjustable-rate reverse mortgages offer five payment options and allow for future draws. The age of the youngest borrower determines the amount of funds that can be received with a reverse mortgage loan. The amount of funds that can be received during the first 12-month disbursement period is subject to an initial disbursement limit.

These materials are not from HUD or FHA and were not approved by HUD or a government agency.

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. Always consult an accountant or tax advisor for full eligibility requirements on tax deduction.

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Whether you’re purchasing a new home with a pool or building one after moving in, a backyard pool can be a great addition to your home. Swimming is excellent exercise and an effective stress reliever, and homes with pools are fun for summer get-togethers. Plus, swimming is a great activity for the kids! Before you dive into buying a home with a pool, it’s a good idea to consider how much pool maintenance costs.

IMPORTANT LINKS TO CONSIDER:

Mortgage Calcuator

Doctor Loan

Application Wizard

Homebuyers Loan Guide

For Specific Questions Contact Us: www.GuildMortgage.com/jasonammann Jason Ammann NMLS #126651 Loan Officer. I am authorized to do business in the state of New Hampshire. Guild Mortgage Company. Equal Housing Opportunity. NMLS #3274 NMLSConsumerAccess.org GuildMortgage.com/licensing All loans are subject to underwriter approval, terms and conditions may apply. Subject to change without notice.

For Business Inquiries, please contact me first at jason.ammann@guildmortgage.net

603-310-5329

www.GuildMortgage.com/JasonAmmann

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Because they grew up in the age of the internet, millennials are known as the tech-savvy generation. They’re more likely to live at home for longer stretches than the generations before them. They’re also more environmentally conscious than any other age group. However, there’s a new trend for this generation of people born between 1981 and 1996. In addition to making up the biggest portion of the world population, millennials are moving out to establish their own households in record numbers, making up the largest share of first-time home purchase applications. According to the National Association of Realtors (NAR), the typical first-time homebuyer was 33 years old this year. We discuss where millennials want to live, how they use technology to benefit the homebuying process and what they should consider when buying their first home. IMPORTANT LINKS TO CONSIDER:

Mortgage Calcuator

Doctor Loan

Application Wizard

Homebuyers Loan Guide

For Specific Questions Contact Us: www.GuildMortgage.com/jasonammann Jason Ammann NMLS #126651 Loan Officer. I am authorized to do business in the state of New Hampshire. Guild Mortgage Company. Equal Housing Opportunity. NMLS #3274 NMLSConsumerAccess.org GuildMortgage.com/licensing All loans are subject to underwriter approval, terms and conditions may apply. Subject to change without notice.

For Business Inquiries, please contact me first at jason.ammann@guildmortgage.net

603-310-5329

www.GuildMortgage.com/JasonAmmann

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Whether you’re looking to make some modest updates to your kitchen, or a major overhaul to a home in severe need of modernization, home renovation allows you to put your own personal stamp on your home. In a way, the assembly process is akin to Play-doh—you can shape it, mold it and recreate it in any number of ways, all guided by creativity, imagination and skilled handiwork.

If only the cost of a home makeover was in the same range. Depending on the material used and the magnitude of the restoration project, home renovations can cost tens of thousands of dollars, an amount that many families don’t have readily available.

That’s where an FHA 203k loan can make sense. You may have heard of this mortgage offering before and wondered what it was all about. Well, wonder no more. Here are more details about this loan option and how you can use it to design your new house into the dream home you’ve always wanted.

IMPORTANT LINKS TO CONSIDER:

Mortgage Calcuator

Doctor Loan

Application Wizard

Homebuyers Loan Guide

For Specific Questions Contact Us: www.GuildMortgage.com/jasonammann Jason Ammann NMLS #126651 Loan Officer. I am authorized to do business in the state of New Hampshire. Guild Mortgage Company. Equal Housing Opportunity. NMLS #3274 NMLSConsumerAccess.org GuildMortgage.com/licensing All loans are subject to underwriter approval, terms and conditions may apply. Subject to change without notice.

For Business Inquiries, please contact me first at jason.ammann@guildmortgage.net

603-310-5329

www.GuildMortgage.com/JasonAmmann

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Closing costs are expenses related to obtaining a mortgage and closing a home purchase or refinance. They’re separate from the sale price of the property. Are you buying or selling a home and wondering who pays closing costs? Both buyers and sellers are expected to pay their share. If you’re a borrower, how much you pay depends on your mortgage type and where you live. IMPORTANT LINKS TO CONSIDER: Mortgage Calcuator Doctor Loan

Application Wizard

Homebuyers Loan Guide

For Specific Questions Contact Us: www.GuildMortgage.com/jasonammann Jason Ammann NMLS #126651 Loan Officer. I am authorized to do business in the state of New Hampshire. Guild Mortgage Company. Equal Housing Opportunity. NMLS #3274 NMLSConsumerAccess.org GuildMortgage.com/licensing All loans are subject to underwriter approval, terms and conditions may apply. Subject to change without notice.

For Business Inquiries, please contact me first at jason.ammann@guildmortgage.net

603-310-5329

www.GuildMortgage.com/JasonAmmann

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You’ve probably heard of a cosigner on a student or auto loan. Did you know that you can have a cosigner on a mortgage too? While not all loan programs are eligible for a cosigner, having one may improve your ability to get pre-approved for a mortgage. That’s because a cosigner’s income is included when your lender determines how much house you can afford.

IMPORTANT LINKS TO CONSIDER:

Mortgage Calcuator

Application Wizard

Homebuyers Loan Guide

For Specific Questions Contact Us: www.GuildMortgage.com/jasonammann Jason Ammann NMLS #126651 Loan Officer. I am authorized to do business in the state of New Hampshire. Guild Mortgage Company. Equal Housing Opportunity. NMLS #3274 NMLSConsumerAccess.org GuildMortgage.com/licensing All loans are subject to underwriter approval, terms and conditions may apply. Subject to change without notice.

For Business Inquiries, please contact me first at jason.ammann@guildmortgage.net

603-310-5329

www.GuildMortgage.com/JasonAmmann

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By keeping these seven important considerations in mind, you’ll be better prepared for the homebuying process and ensure a smoother journey from pre-approval to closing.

-PreQualification Is Not the Same as Pre-Approval

-You Don't Need 20% for a Downpayment

-You Can Purchase a Home Even if You're Not Debt Free

-There's More Than One Type of Mortgage

-Sudden Changes Can Affect Your Mortgage Application

-The Homebuying Process Can Begin Online

IMPORTANT LINKS TO CONSIDER:

Mortgage Calcuator

Doctor Loan

Application Wizard

Homebuyers Loan Guide

For Specific Questions Contact Us: www.GuildMortgage.com/jasonammann Jason Ammann NMLS #126651 Loan Officer. I am authorized to do business in the state of New Hampshire. Guild Mortgage Company. Equal Housing Opportunity. NMLS #3274 NMLSConsumerAccess.org GuildMortgage.com/licensing All loans are subject to underwriter approval, terms and conditions may apply. Subject to change without notice.

For Business Inquiries, please contact me first at jason.ammann@guildmortgage.net

603-310-5329

www.GuildMortgage.com/JasonAmmann

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Doctors make a difference in the lives of their patients every day. They also enjoy the benefits of job security and the potential to earn higher wages than other occupations. These characteristics can put them in an excellent position to obtain a mortgage. However, with a decade or longer of medical training, medical professionals such as physicians, surgeons, dentists and veterinarians often incur substantial school debt. This debt can make it tough to qualify for many types of mortgages and buy a home as a doctor. We have loan options available for up to 100% financing, meaning you can potentially pay no down payment. Also, no mortgage insurance is required. Read on for more details about this program. For Specific Questions Contact Us: www.GuildMortgage.com/jasonammann Jason Ammann NMLS #126651 Loan Officer. I am authorized to do business in the state of New Hampshire. Guild Mortgage Company. Equal Housing Opportunity. NMLS #3274 NMLSConsumerAccess.org GuildMortgage.com/licensing All loans are subject to underwriter approval, terms and conditions may apply. Subject to change without notice.

For Business Inquiries, please contact me first at jason.ammann@guildmortgage.net

603-310-5329

www.GuildMortgage.com/JasonAmmann

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Are you consistent with your rent payments? Do you have job security? Have you built credit history and improved your credit score? If so, now might be a good time to buy your first home. But before you venture out into the housing market, you may want to figure out how much mortgage you can afford with your current salary. It’s important to understand that the cost of homeownership isn’t limited to just your monthly mortgage payments. If your goal is to purchase a home that you can afford to buy and keep, consider the impact of other factors such as your down payment, debt and household expenses. Here's a Link to My Mortgage Calculator:

My Mortgage Calculator

For Specific Questions Contact Us: www.GuildMortgage.com/jasonammann Jason Ammann NMLS #126651 Loan Officer. I am authorized to do business in the state of New Hampshire. Guild Mortgage Company. Equal Housing Opportunity. NMLS #3274 NMLSConsumerAccess.org GuildMortgage.com/licensing All loans are subject to underwriter approval, terms and conditions may apply. Subject to change without notice.

For Business Inquiries, please contact me first at jason.ammann@guildmortgage.net

603-310-5329

www.GuildMortgage.com/JasonAmmann

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Tax Day is just around the corner. Did you know there are tax benefits if you're a homeowner? The tax benefits of buying a home are one of the many advantages of homeownership vs. renting. Tax breaks for first-time homebuyers are either deductions or credits. Both can save you money, but what’s the difference? Tax deductions are expenses subtracted from your income before you figure out the amount of tax you owe. Tax credits are subtracted from the amount of tax you owe. This guide breaks down what is tax-deductible when you own a home. For Specific Questions Contact Us: www.GuildMortgage.com/jasonammann Jason Ammann NMLS #126651 Loan Officer. I am authorized to do business in the state of New Hampshire. Guild Mortgage Company. Equal Housing Opportunity. NMLS #3274 NMLSConsumerAccess.org GuildMortgage.com/licensing All loans are subject to underwriter approval, terms and conditions may apply. Subject to change without notice. For Business Inquiries, please contact me first at jason.ammann@guildmortgage.net 603-310-5329 www.GuildMortgage.com/JasonAmmann

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Are you counting down the days until you can become a first-time homeowner but aren’t sure where to begin? Before you start touring available homes, take time to make a plan. Careful budgeting and research along with hiring the right professionals will help ensure you’ll get the home you want at a price you can afford. For Specific Questions Contact Us: www.GuildMortgage.com/jasonammann Jason Ammann NMLS #126651 Loan Officer. I am authorized to do business in the state of New Hampshire. Guild Mortgage Company. Equal Housing Opportunity. NMLS #3274 NMLSConsumerAccess.org GuildMortgage.com/licensing All loans are subject to underwriter approval, terms and conditions may apply. Subject to change without notice. For Business Inquiries, please contact me first at jason.ammann@guildmortgage.net

603-310-5329

www.GuildMortgage.com/JasonAmmann

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Real estate is filled with terms that sound similar but mean slightly different things. Take ‘appraisal’ and ‘assessment’ for example. While these do share some similarities, their differences far surpass their parallels. Understanding how they’re distinct—and, above all, why it even matters—can make you a more informed homeowner, potential seller or prospective buyer. For Specific Questions Contact Us: www.GuildMortgage.com/jasonammann Jason Ammann NMLS #126651 Loan Officer. I am authorized to do business in the state of New Hampshire. Guild Mortgage Company. Equal Housing Opportunity. NMLS #3274 NMLSConsumerAccess.org GuildMortgage.com/licensing All loans are subject to underwriter approval, terms and conditions may apply. Subject to change without notice. For Business Inquiries, please contact me first at jason.ammann@guildmortgage.net

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Welcome to Episode Zero of The Mortgage Brief. My name is Jason Ammann and I’ll be hosting this show to bring you journey through the maze of the mortgage process. I’m a seasoned veteran of the mortgage industry and I’ve been originating loans in New Hampshire for a quarter century. My goal with this podcast is to take a deeper dive into homebuying process and other events that might trigger the need for a new mortgage, so that you can have an edge on this milestone event in your life and give you access to the tools you’ll need along the way. I’ve done this everyday for over 2 decades, but you probably will only engage in this process a few times in yours. I plan to bring you short, concise, but deeply meaningful podcasts to assist you on your journey and I’ll throw in a long form interview as needed. There are many subjects to discuss, so let’s get started. Welcome to The Mortgage Brief. For Specific Questions Contact Us: www.GuildMortgage.com/jasonammann Jason Ammann NMLS #126651 Loan Officer. I am authorized to do business in the state of New Hampshire. Guild Mortgage Company. Equal Housing Opportunity. NMLS #3274 NMLSConsumerAccess.org GuildMortgage.com/licensing All loans are subject to underwriter approval, terms and conditions may apply. Subject to change without notice. For Business Inquiries, please contact me first at jason.ammann@guildmortgage.net

The Mortgage Brief: Recent Episodes

Jason Ammann NMLS 126651