Guild Mortgage Introduces 1% Down Payment Advantage Program, Making Sustainable Homeownership More Attainable
Portfolio Pulse from Benzinga Newsdesk
Guild Mortgage (NYSE:GHLD) has introduced a 1% Down Payment Advantage program, aimed at making homeownership more attainable for low-to-moderate income homebuyers. The program reduces the down payment to 1% and buys down the interest rate for the first year of the loan.
June 13, 2023 | 12:04 pm
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Guild Mortgage's new 1% Down Payment Advantage program may attract more low-to-moderate income homebuyers, potentially increasing the company's customer base and revenues.
The 1% Down Payment Advantage program directly addresses the barriers to homeownership for low-to-moderate income homebuyers by reducing the down payment and buying down the interest rate for the first year. This innovative solution may attract more customers to Guild Mortgage, potentially increasing its revenues and positively impacting its stock price in the short term.
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