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ByAlex Carlucci
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Breaking News: Illinois to Raise Property Taxes—What It Means for You as a Homeowner In 2024, Illinois homeowners are grappling with the possibility of higher property taxes as the state faces an ongoing financial crisis. Governor JB Pritzker and lawmakers have proposed increasing property taxes to address the state’s growing pension debt, which has plagued…
ByAlex Carlucci
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7 VA Loan Myths Veterans Need to Know in 2024 For veterans or active-duty service members, the VA loan benefit is one of the most valuable home-purchasing resources. However, misconceptions often lead veterans to miss out on these great benefits or face unnecessary hurdles. This guide covers the 7 VA loan myths veterans need to…
ByAlex Carlucci
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Freddie Mac Home Possible Mortgage: Your Key to Low Down Payment Homeownership in 2024 Are you dreaming of owning a home but worried about the down payment? The Freddie Mac Home Possible mortgage program offers a smart solution. This loan option is ideal for low- to moderate-income buyers, enabling you to buy your own home…
ByAlex Carlucci
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Florida Condo Hotel Mortgage: Financing Your Dream Condo Hotel in 2024 Are you dreaming of owning a piece of luxury in Florida? Condo hotels, or “condotels,” offer a unique chance to invest in a high-end property you can enjoy yourself while earning income from hotel guests. However, financing a Florida condo hotel can be challenging…
ByAlex Carlucci
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Reestablishing Credit After Bankruptcy: Your Step-by-Step Guide to Homeownership in 2024 Going through bankruptcy is tough, but it doesn’t mean you’re locked out of a bright financial future. Reestablishing credit after bankruptcy is not only possible—it’s the key to unlocking new opportunities, including buying or refinancing a home. In this guide, we’ll walk you through…
ByAlex Carlucci
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FHA Streamline Refinance Illinois: A Fast, Easy Way to Lower Your Mortgage Payments in 2024 If you’re an Illinois homeowner with an FHA loan, chances are you’ve heard of FHA Streamline Refinance. It’s a fast and easy method to reduce your monthly payments. Given the current mortgage rates, it might save you a significant amount…
ByAlex Carlucci
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Home Affordable Refinance Program Extended: What Happened and Your Options in 2024 If you’re a homeowner who’s been keeping up with your mortgage despite your home being worth less than what you owe, you may have heard about the Home Affordable Refinance Program (HARP). At one point, it was a lifesaver for millions of underwater…
ByAlex Carlucci
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How to Get a Mortgage Loan with Unsatisfied Judgment in 2024 Qualifying for a mortgage loan with unsatisfied judgment may seem impossible, but the good news is that it’s not. Homebuyers with judgments on their credit reports can still get approved for a home loan, even if the judgment isn’t paid off. You can take…
ByAlex Carlucci
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Mortgage Charge Offs Lending Guidelines: Your Guide to Homeownership in 2024 Have you experienced a mortgage charge off and need clarification on what it means for your future as a homeowner? The good news is that even if your mortgage has been charged off, there are still opportunities to purchase or refinance a home. We…
ByAlex Carlucci
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Condotel Financing Mortgage Guidelines: Your 2024 Guide to Buying or Refinancing a Condotel. If you’ve ever dreamed of owning a vacation home that generates rental income, condotels might be your perfect solution. In this updated guide for 2024, we’ll break down everything you need to know about condotel financing mortgage guidelines—whether you’re a first-time buyer,…
ByAlex Carlucci
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Changing Realtors During the Home Buying and Mortgage Process in 2024 The home buying and mortgage process can be exciting but also stressful. You’re making one of the biggest financial decisions of your life, so it’s crucial to have the right team guiding you. Sometimes, this means realizing the real estate agent you started with…
ByAlex Carlucci
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The Role of the Loan Officer Assistant: How They Help You Get a Mortgage Buying a home or refinancing can be one of the most exciting times in your life—but it can also feel overwhelming. The mortgage process can seem complex, with many steps and paperwork. But what if we told you there’s someone dedicated…
ByAlex Carlucci
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You might think owning a home in Michigan is out of reach if you have bad credit, a low down payment, or have faced recent financial setbacks. But what if I told you that these challenges could actually be the key to unlocking the door to your new home? FHA loans are designed specifically for…
ByAlex Carlucci
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In this article on the difference between a direct versus correspondent lender, we will explore the advantages and disadvantages of each choice when seeking a mortgage for a home. There are several different types of lenders, and depending on each borrower’s credit and income profile, choosing a specific lender may be more beneficial than going…
ByAlex Carlucci
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In this blog, we will cover and discuss qualifying for a mortgage with unpaid collections in Wisconsin in 2022. Many homebuyers are being told they cannot qualify for a mortgage with unpaid collections in Wisconsin. Old collections do not have to get paid to qualify for government or conventional loans in Wisconsin. Not all lenders…
ByAlex Carlucci
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In this article, we will cover and discuss qualifying and getting approved with the best New Hampshire Mortgage Lenders for bad credit after being denied by another lender. Not all lenders have the same lending requirements on government and conforming loans. Many borrowers looking for the best New Hampshire mortgage lenders for bad credit unknowingly…
ByAlex Carlucci
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In this article, we will cover and discuss the final walk-through prior to home closing. A Final Walk-Through Prior To Home Closing To Inspect Home option is given to all home buyers. It is not mandatory for a home buyer to do a final walk-through prior to home closing. However, it is highly recommended that…
ByAlex Carlucci
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In this blog, we will discuss and cover non-QM and bank statement portfolio loans for owner-occupant, second homes, and investment properties. NON-QM And Bank Statement Portfolio Loans are mortgage loans that do not conform to Fannie Mae or Freddie Mac lending guidelines. NON-QM And Bank Statement Portfolio Loans are mortgage loans that are held by…
ByAlex Carlucci
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VA Refinance Guidelines encompass two distinct mortgage processes: the VA streamline refinance (IRRRL), and the VA cash-out refinance. Gustan Cho Associates specializes in assisting homeowners with rate and term VA streamline refinances and cash-out VA refinance mortgages. This article will cover the VA refinance guidelines for both VA streamlines and cash-out refinance loans, providing essential…
ByAlex Carlucci
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This blog will discuss and cover VA Guidelines Versus Overlays on VA loans. Not all mortgage lenders have the same requirements for VA loans. All mortgage lenders require their borrowers to meet the minimum VA agency guidelines set by the Veterans Administration. However, lenders can impose stricter lending requirements beyond the VA guidelines. These additional…
ByAlex Carlucci
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This article will discuss the buy-out cash-out refinance option for VA Chapter 13 Bankruptcy. A VA Chapter 13 Bankruptcy buy-out can be accomplished using a cash-out refinance on VA home loans while under a Chapter 13 Bankruptcy repayment plan. The widespread financial hardship caused by the coronavirus pandemic outbreak in February 2020 has significantly affected…
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