by Guarantee Mortgage | Sep 8, 2026 | News
What Is an FHA Loan? An FHA loan is a mortgage insured by the Federal Housing Administration, which is part of the U.S. Department of Housing and Urban Development. FHA loans are offered by approved lenders and are subject to FHA eligibility, underwriting, property,...
by Guarantee Mortgage | Sep 1, 2026 | News
What Is Private Mortgage Insurance? Private mortgage insurance, or PMI, may be required on certain conventional mortgage loans. PMI protects the lender against some of the financial loss that could occur if a borrower defaults on the loan. PMI is associated with...
by Guarantee Mortgage | Jul 7, 2026 | News
When Does Refinancing Make Sense? Refinancing makes sense when the financial benefit outweighs the cost and effort involved. Most homeowners consider refinancing to secure a lower interest rate, reduce monthly payments, or adjust their loan term. Some refinance to...
by Guarantee Mortgage | Jul 7, 2026 | News
How Does a VA Loan Work? A VA loan is a mortgage backed by the U.S. Department of Veterans Affairs that helps eligible service members, veterans, and surviving spouses purchase or refinance a home. The VA guarantees a portion of the loan, which reduces risk for...
by Guarantee Mortgage | Jul 7, 2026 | News
Can You Get a Mortgage If You're Self-Employed? Self-employed borrowers qualify for the same loan programs as W-2 employees, including conventional, FHA, VA, and jumbo loans. The main difference is how lenders verify your income. Instead of pay stubs, you'll...
by Guarantee Mortgage | Jul 7, 2026 | News
Why a Preapproval Letter Matters A preapproval letter gives you a clear advantage when you're ready to make an offer on a home. It signals to sellers that you've already taken the steps to secure financing, which makes your offer more credible. In competitive...
