• Royal Service for your real estate needs

• Backed by one the leading real estate brokerages in DFW with Keller Williams Dallas Preston

• Business is based on relationships

• #CrowningHomeowners

Why New Avenue Realty?

Guild Mortgage Company, opening doors and impacting lives since 1960.

We pair the resources of large companies with the accessibility and soul of a small

company, to serve our customers’ needs.

Our vision for Guild Mortgage Company is to build on our decades of success by seeking

new opportunities for growth while keeping true to our history and values.

Passion is our edge.WHY GUILD MORTGAGE?

• Direct Seller for Conventional, FHA & VA financing

• Our loans close on time, every time

• Our servicing portfolio is over $16 billion

• We have been in business for over 53 years

• Up to 97% conventional financing

• Mortgage Credit Certificate available*

• Down Payment Assistance available in select areas

• Fannie Mae & Freddie Mac financing

• Manufactured Home Financing

A LITTLE MORE ABOUT GUILD MORTGAGE

TOPICS COVERED

• HOME OWNERSHIP

• NOW IS A GREAT TIME TO BUY

• BUDGETING

• THE HOME BUYING PROCESS

• FINANCING OPTIONS

HOMEOWNERSHIPTurning your dream into a reality

THE BENEFITSOWNERSHIP RENTING

Grow Equity in Your Home Grow Your Landlord’s Equity

Possible Tax Deductions(Consult your Account/Tax Advisor) No Tax Deduction for Renters

You are in Control of Repairs and Upgrades to Your Home

All Upgrades Typically Have to be Approved by a Landlord

TIPS FOR NEW HOMEBUYERS• Keep your monthly payment no more than 1/3 your monthly income

• Explore all down payment options

• Double check your credit report

• Get Pre-Approved

• Hire an agent! (Andrea T. Fowler with New Avenue Realty is a start for an agent)

• Remember, it’s not what you qualify for, it’s what you can afford

BUDGETING

THE BASICS• Create a budget

• Track past expenses

• Plan for future expenses

• Review current debt

• Save for the future

• Make it work for you!

HOW MUCH CAN I AFFORD?Consider the following…

• How much do you CURRENTLY spend on housing?

• How much CAN you spend and how much do you WANT to

spend on housing?

• How much will the additional maintenance fees be (i.e. power,

water, cable, garbage, etc)?

THE HOMEBUYINGPROCESS

WHO DO YOU NEED ON YOUR TEAM?

• Real Estate Agent

• Mortgage Consultant

• Home Inspector

• Escrow/Title Company

• Appraiser

• Insurance Agent

1. Get Pre-Approved

2. Stay Pre-Approved

3. Go Shopping

4. Buy Your House

5. Paperwork to Keep After Closing

Congratulations, you are now a HOMEOWNER!

THE PROCESS

GET PREAPPROVED

Debt to Income Ratio - The ratio between your monthly obligations and your

monthly income.

Down Payment - We offer a wide variety of loan programs including loans

with low and no down payment requirements. Typically the more down

payment you put on a home the more favorable the loan terms will be.

Credit History - Have you paid your current and past obligations on time?

How long have you been building credit?

Assets - How much money will you have in reserves after you close your

loan?

Employment History - How long have you been with each employer?

Financial History - How old are any bankruptcy or foreclosure records? Have

you had increasing or consistent income over the past few years?

What Lenders Look For…

WHAT TO BRING• Detailed List of all Real Estate You Currently Own

• If you were a student in the past 2 years, please provide diplomaor transcripts

• If you rent, supply landlord’s name and address

• Year-to-date pay stub and W-2’s over the past 2 years

• If you are self-employed or on commission, provide signed copiesof all federal tax returns, including Schedules

• Accounts numbers for each bank account, and 3+ months bankstatements

• Name(s) and address of present and previous employers withinthe past 2 years

• Sales Contract and copy of your earnest money check

To Your Loan Application…

SELECT A LOAN PRODUCT

• VA, FHA, USDA, Conventional options

• Jumbo financing options

• 100% financing options

• State Bond programs

• Down Payment Assistance programs

With the Help of Your Trusted Loan Officer…

STAY PREAPPROVED

• Continue to make all payments on time

• Do not open new loans or increase credit lines

• Check with your lender before paying on a collection account

• Let us know at the beginning if your marital status will change

• It is crucial to let us know if any sources of income are changing

• Let’s discuss more!

While House Hunting…

Create Your “Royal Plan”❖ Buyer’s consultation to create your custom “Royal Plan”❖ Plan consists of the following: ❖ Needs❖ Wants❖ Desired Areas❖ Price Range❖ New Avenue Realty’s Strategy to Your Real Estate Needs

Lewisville Real Estate: Breaking Down the Numbers

Average Sales Price: $232,060

Built: 1992Built: 2002Sq Ft: 1369Sq Ft: 1804Bedrooms: 3Bedrooms: 3Bathrooms: 2.5Bathrooms: 2.5$155,000$194,900

THE PROCESSWhat Happens When This Happens…

When the buyer does this… Guild, Realtor or Escrow does..

Has their offer accepted by a seller Realtor opens Escrow with Title Company

Orders home inspection, if desired Guild Mortgage Prepares Good Faith Estimate, and other RESPA documents

Signs GFE and Other RESPA documents Guild Mortgage Orders Appraisal

Comes into Guild Mortgage for final review Closing documents created by Guild Mortgage

Signs final documents with Title Company Guild Mortgage funds the Mortgage Loan

Meets Realtor at their new address Realtor hands over the keys to your new home!

Thank You!