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ByDale Elenteny
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In this article, we will cover and discuss changing jobs until finding the perfect career. In my 12+ years of being in the workforce, I have changed jobs 7 times and am currently working for my 8th job. Now before you jump to any conclusions, I am justified in my logic of why doing most…
ByDale Elenteny
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In this blog, we will discuss and cover the recorded date in foreclosure versus the surrender date of the home. Borrowers can qualify for a mortgage after a housing event. There are three different types of housing events: Foreclosure Deed in lieu of foreclosure Short sale There is a waiting period after bankruptcy, foreclosure, deed…
ByDale Elenteny
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In this blog, we will discuss and cover how The team at Gustan Cho Associates has a mortgage program in closing home loan in 21 days or less. Both purchase and refinance transactions can be closed in 21 days or less at Gustan Cho Associates. There are multiple steps in the mortgage process which include…
ByDale Elenteny
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In this blog, we will discuss and cover qualifying for a home loan with recent late payments. For borrowers seeking to try to qualify for a home loan with recent late payments, an FHA loan is the best route to take. FHA loans have extremely loose lending guidelines when it comes to prior bad credit….
ByDale Elenteny
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This Article Is About Turning A Profit Flipping Homes In Today’s Booming Housing Market Real estate investors can be turning a profit flipping homes in today’s booming housing market. There are many pre-approved borrowers at Gustan Cho Associates who have been looking for homes for over one year. Due to the strong demand of homes…
ByDale Elenteny
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This Article Is About Interest Only Home Loans For Investment Properties Short Term Fix And Flip Interest Only Loans Chicago are now back in full swing. Real estate investors do not have to rely on Hard Money Loans at over 10% mortgage interest rates. The No Doc Fix And Flip Loans is available for property…
ByDale Elenteny
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Lenders are really strict and can nit-pick during the mortgage process due to tough mortgage regulations. Mortgage regulators can fine lenders. If lenders do not follow mortgage regulations, the mortgage loans the lender closes, and funds may not be able to get sold on the secondary market.
ByDale Elenteny
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Most undisclosed debts will be discovered by lenders during a third-party national search of public records.
ByDale Elenteny
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This BLOG On Why Do Underwriters Question Irregular Deposits Was UPDATED And PUBLISHED On May 8th, 2020 One of the most important things that mortgage underwriters will request to start the mortgage application and approval process is 60 days of bank statements. Lenders will also require all other asset information such as investment accounts, and…
ByDale Elenteny
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This BLOG On Interest Only Mortgages With NON-QM Loans Versus Amortized Was UPDATED And PUBLISHED On March 11th, 2020 Traditional mortgages require that borrowers pay back the money borrowed in the form of principal plus interest. Most homeowners dreams are to have their homes clear of any mortgages and have it free and clear Most…
ByDale Elenteny
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This Article On Taking Tests For Job And Licensing For Mortgage Loan Officers By Dale Elenteny of Gustan Cho Associates I am currently dealing with the issue of worrying too much about an upcoming test. If you read my previous article about passing the NMLS exam on the first try, I know I said you need…
ByDale Elenteny
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This BLOG On HARP For Underwater Mortgages Lending Guidelines Was UPDATED On May 27th, 2018 HARP stands for HOME AFFORDABLE REFINANCE PROGRAM: It was created by the Obama Administration to assist homeowners who were victims of the 2008 Real Estate and Mortgage Collapse The purpose was to help homeowners with a mortgage balance that was…
ByDale Elenteny
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HARP Mortgage Loans was launched and created due to the 2008 financial crisis. Millions of homeowners bailed where they just turned in their keys to their mortgage lenders. They gave up their homes rented apartments and homes. Millions of other folks were forced into bankruptcy and foreclosure due to unemployment, under-employment, or business losses. Small businesses that were in business for generations have gone out of business.
ByDale Elenteny
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This Article Is About Susie Scheuber One Amazing Realtor For Home Buyers And Sellers I am writing this blog to commend one of the finest real estate professionals on this planet, Susie Scheuber. Susie was the listing agent for my borrower and we just had a closing on my client’s home yesterday I normally…
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