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ByGustan Cho, NMLS 873293
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AI in the Mortgage Industry: How AI Is Changing the Mortgage Industry: Will AI Help or Hurt MLOs, Processors, Underwriters,…
ByGustan Cho, NMLS 873293
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This guide covers how credit scores affect conventional loans. Two of the most popular mortgage loan programs today are FHA…
ByGustan Cho, NMLS 873293
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High-balance conforming loans are advanced loan programs ideal for the individuals buying homes in high-cost areas. The loan is for…
ByGustan Cho, NMLS 873293
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A 120-day mortgage late payment on your mortgage does not automatically mean foreclosure. It shows you are seriously behind, but…
ByGustan Cho, NMLS 873293
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Fannie Mae Waiting Period After Deed-in-Lieu and Short Sale Guidelines A deed-in-lieu of foreclosure is one of the toughest financial…
ByGustan Cho, NMLS 873293
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If you are buying a home or refinancing, you might wonder why mortgage lenders request bank statements throughout the loan…
ByGustan Cho, NMLS 873293
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Many homebuyers have substantial value on their 401k. They can use up to 60% of the value of their 401k for their down payment and/or closing costs on their home purchase. The amount used from their 401k is not used for their debt to income ratio calculations.
ByGustan Cho, NMLS 873293
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How Does Down Payment Assistance Work For Homebuyers With FHA, VA, USDA, And Conventional Loans In this guide, we will…
ByGustan Cho, NMLS 873293
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Debt settlement versus bankruptcy is a serious decision, especially if you want to buy or refinance a home in the…
ByGustan Cho, NMLS 873293
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A land contract home purchase is a way to buy a home directly from the seller without using a traditional…
ByGustan Cho, NMLS 873293
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Can you get a Freddie Mac mortgage if you have lots of investments or savings but little or no income? In many cases, you can convert assets into income (for mortgage qualifying purposes) by using asset depletion.
ByGustan Cho, NMLS 873293
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How To Become a Preferred Lender For A Home Builder? This guide covers the topic of how to become a…
ByGustan Cho, NMLS 873293
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How Credit Repair Works During The Mortgage Process To Get Approved This guide covers how credit repair works during the…
ByGustan Cho, NMLS 873293
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This guide covers conventional loan 101 for new loan officers and borrowers. I like to congratulate those who recently took…
ByGustan Cho, NMLS 873293
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FHA Spot Loans enables condo buyers to purchase a condo unit in a non-HUD-Approved Condo Complex with an FHA loan.
ByGustan Cho, NMLS 873293
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Homebuyers do not need great credit and high credit scores to qualify for a mortgage. You can have outstanding collections and charged-off accounts and qualify for a mortgage as long
ByGustan Cho, NMLS 873293
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Temporary unemployment mortgage guidelines help homebuyers understand how a job loss, layoff, furlough, or employment gap can affect mortgage approval….
ByGustan Cho, NMLS 873293
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Foreclosure usually happens when a homeowner can no longer keep up with the mortgage payments, property taxes, homeowners’ insurance, HOA…
ByGustan Cho, NMLS 873293
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A home appraisal can affect how much you can sell your home for, how much a buyer can borrow, or…
ByGustan Cho, NMLS 873293
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What Are The Typical Mistakes Prior To Clear To Close To Avoid By Mortgage Borrowers? You should not maximize your credit cards, purchase new furniture, buy a car, bounce any checks, or apply for new credit during the mortgage process prior to the clear to close.
ByGustan Cho, NMLS 873293
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Home Purchase Versus Renting Home: Should You Buy or Keep Renting? This guide covers home purchase versus renting for homebuyers….
ByGustan Cho, NMLS 873293
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This guide covers buying a house after bankruptcy discharge date. Buying a house after bankruptcy is possible. Many homebuyers think…
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