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ByDale Elenteny
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VA Loan Information: Everything You Need to Know to Buy or Refinance a Home in 2024 Are you a veteran, active-duty service member, or surviving spouse exploring the potential of a VA loan to buy or refinance a home? With new updates in 2024, VA loans remain one of the best options available, offering advantages…
ByDale Elenteny
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Mortgage Guidelines Versus Overlays: What You Need to Know in 2024 When you’re ready to buy or refinance a home, it can be frustrating to find out that despite meeting all the mortgage requirements, your lender still denies you. You might wonder, “Why don’t I qualify if I meet all the guidelines?” The answer often…
ByDale Elenteny
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In this article, we will cover and discuss getting approved for a new home loan after having a prior mortgage included in Chapter 7 Bankruptcy. There are instances where people will include a home loan when they file for bankruptcy. There are waiting period requirements after a bankruptcy and foreclosure. However, what is the waiting…
ByDale Elenteny
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In this article, we will cover and discuss mortgage options for homebuyers in Idaho with bad credit and low credit scores. Many homebuyers in Idaho, especially first-time home buyers, do not realize that they can qualify for a home loan with bad credit. Gustan Cho Associates are mortgage brokers licensed in 48 states, including Washington,…
ByDale Elenteny
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This guide covers changes in mortgage guidelines on home loans and year-end recap. 2023 was a tough year for the mortgage industry and Gustan Cho Associates. It was a year filled with ups and downs in the housing and mortgage markets. In this guide, we will detail changes in the housing, mortgage, and financial markets….
ByDale Elenteny
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In this blog, we will discuss and cover bank statement loans for self-employed borrowers. Non-QM Loans and Bank Statement Loans are back. Gustan Cho Associates is a national mortgage company licensed in multiple states known for its no lender overlays on government and conventional loans as well as the dozens of non-QM loan programs we…
ByDale Elenteny
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This guide covers business cash-flow analysis for self-employed wage earners. Positive business cash-flow analysis is critical to effectively managing every business. Particularly for small business, having less access to cash is problematic. Future forecasting can help you determine what your cash flow is going to look like down the road so you can plan for…
ByDale Elenteny
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This guide covers shopping for best mortgage rates in California on home purchase and refinance home loans. California is the nation’s most populous state. Many counties in the state of California is classified as high-cost areas. FHA, VA, and Conventional loan limits are substantially higher than other parts of the country on high-cost areas. California…
ByDale Elenteny
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In this article, we will cover and discuss delayed financing guidelines on refinance transactions. Delayed Financing Guidelines apply for homebuyers who purchased home cash and are needing to do a cash-out refinance. Sellers often prefer cash home buyers. The housing market has been hot for the past few years. Bidding wars are often common. Cash…
ByDale Elenteny
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This guide covers documents required for mortgage processing and underwriting. All documents required for mortgage processing and underwriting needs to be completed in order to close a home loan on time. This includes blank pages. There are things mortgage borrowers need to know when applying for a mortgage. The initial phase of the mortgage process…
ByDale Elenteny
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In this blog, we will cover and discuss how homebuyers can qualify for a mortgage with new lenders after having a mortgage denied for late payments in Missouri after being pre-approved by a loan officer. Late payments in the past 12 months are very serious. Many borrowers will get a mortgage denied for late payments…
ByDale Elenteny
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In this blog, we will discuss and cover social security income for mortgage income guidelines on government and conventional loans. Homebuyers can qualify for FHA, VA, USDA, and conventional loans with social security income for a mortgage. Under general FHA, VA, USDA, and conventional loan Social Security Income For Mortgage retired home buyers on fixed…
ByDale Elenteny
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In this article, we will cover and discuss finding the best mortgage lenders for bad credit in Arkansas to qualify for a home loan as first-time homebuyers with bad credit. Arkansas is one of the most sought-after migration spots in the country due to affordable housing prices. Tens of thousands of people and businesses from…
ByDale Elenteny
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The asset-depletion mortgage loan program benefits higher net worth individuals who do not have a regular steady income. Non-QM loans are becoming increasingly popular and benefit borrowers who need alternative nontraditional mortgage loan programs.
ByDale Elenteny
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In this blog, we will cover the debt collection laws in community property states and qualifying for a home mortgage. Debt Collection Laws In Community Property States do not make each person liable for each other’s debt. For example, if a spouse in a community property state were to rack up credit card debts, the…
ByDale Elenteny
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In this blog, we will discuss and cover mortgage after foreclosure with no waiting period with non-QM loans. Non-QM loans are alternative mortgage loan programs that do not have to meet government or conforming mortgage loan guidelines. Non-QM loans are portfolio loans. Wholesale non-QM mortgage lenders can set their lending guidelines. Non-QM mortgage lenders can…
ByDale Elenteny
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Dozens of non-QM loan programs have been launched for 2021. The dozens of alternative mortgage loan programs is fueling the booming housing market and drying up inventory of home. Thus, it is skyrocketing home prices even more.
ByDale Elenteny
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Trying to cheat the system and not getting building permits when renovating your home can backfire on you when it comes to selling your home.
ByDale Elenteny
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In this article, we will discuss and cover the FHA credit guidelines on how to get qualified for an FHA loan.. This will include how to get an approve/eligible per automated underwriting system and what credit guidelines are required on manual underwriting. we will cover the newest updates on recent late payments in the last…
ByDale Elenteny
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Homeowners should explore how much money they can save with today’s historic low mortgage rates to refinance their home loans.
ByDale Elenteny
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This blog post will explore the implications of Buying House Near Apartment Community or Commercial Areas. Buying a house near an apartment community can significantly impact homebuyers. There have been numerous cases where individuals buy homes near large apartment complexes and experience dissatisfaction after the relocation. Unlike buying a car or other high-ticket items, purchasing…
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