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ByGustan Cho
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Exploring Portfolio Loan Programs for 2024: A Flexible Mortgage Option for Unique Borrowers In the world of mortgages, there isn’t always a one-size-fits-all solution. If conventional loans aren’t a fit, portfolio loan programs might be the answer. Whether you’re an investor, retiree, entrepreneur, or someone with unique financials, portfolio loans open doors that traditional lending…
ByGustan Cho
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Everything You Need to Know About Second Home Loans in 2024 Are you thinking of buying a second home? Maybe you want a cozy cabin by the lake, a beachside retreat, or a place closer to family. Second homes can be exciting investments and give you a getaway, but financing them differs slightly from getting…
ByGustan Cho
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Conforming Loan Requirements: 2024 Guide for Homebuyers and Refinancers If you’re thinking about buying a home or refinancing your current mortgage in 2024, it’s essential to understand conforming loan requirements. These loans enjoy popularity due to the criteria established by Fannie Mae and Freddie Mac, which generally makes them easier to qualify for and more…
ByGustan Cho
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HARP With Second Mortgage: Can You Refinance with a Second Mortgage Through HARP in 2024? If you have a second mortgage and feel stuck with an underwater home, you may wonder if refinancing is possible. The good news is that you can refinance your home through the Home Affordable Refinance Program (HARP) even if you…
ByGustan Cho
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How to Avoid Stress and Delays in Home Loan Closings (Updated for 2024) Buying a home is one of the biggest steps you’ll take in life. But let’s be real—home loan closings can sometimes feel overwhelming. It’s easy to see how things can go sideways between the paperwork, inspections, and financial stress. However, with the…
ByGustan Cho
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Non-QM Loan with Recent Late Payments: Your Guide to Homeownership in 2024 If you’ve had recent late payments on your credit report, you might think buying a home or refinancing is out of reach. But there’s good news—non-QM loans with recent late payments are here to help. In the current housing market with rising home…
ByGustan Cho
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Mortgage Guidelines After Bankruptcy and Foreclosure in 2024 If you’ve been through bankruptcy or foreclosure, you might feel like owning a home again is out of reach. The good news? It’s not! It’s possible to secure a mortgage even after experiencing bankruptcy and foreclosure; we’re here to guide you through the process. With the correct…
ByGustan Cho
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This guide covers how credit repair during mortgage underwriting can halt loan process . Mortgage borrowers should know the impact of credit repair during mortgage underwriting. The mission of Gustan Cho Associates Mortgage Group is to help home buyers and homeowners secure home loans with bad credit. Many home buyers and homeowners do not realize…
ByGustan Cho
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Advice and Tips for Home Buyers in 2024: How to Qualify for a Mortgage and Get the Home of Your Dreams Buying a home is one of the most important decisions you will make. Whether you are a first-time home buyer or looking to move, the process can seem complicated. But with the right advice…
ByGustan Cho
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How To Get a Mortgage in Puerto Rico: Your 2024 Guide Are you ready to trade chilly winters and high federal taxes for sunny beaches, a warm climate, and incredible tax savings? More people from the mainland United States are moving to Puerto Rico, and it’s easy to see why. With no federal income tax…
ByGustan Cho
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Understanding HUD DTI Guidelines for FHA Loans in 2024: How to Qualify for a Purchase or Refinance When you’re considering buying a home or refinancing, one term you’ll often hear is the DTI—or Debt-to-Income Ratio. If you’re considering obtaining an FHA loan supported by the Federal Housing Administration (FHA) under the supervision of HUD (U.S….
ByGustan Cho
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Mortgage Guidelines for Remote Workers in 2024: How to Qualify for a Home Loan Remote work has changed how people live, work, and—most importantly—buy homes. If you’re one of the millions of remote workers looking to buy or refinance a house, understanding mortgage guidelines for remote workers is key. With more flexibility to live anywhere,…
ByGustan Cho
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Excluding Debts from DTI Calculations in 2024: How You Can Qualify for a Mortgage with High Debt-to-Income Ratios One of the biggest challenges homebuyers face when trying to qualify for a mortgage is a high debt-to-income (DTI) ratio. If you’ve ever been told your DTI is too high to qualify for a loan, you’re not…
ByGustan Cho
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FHA Guidelines on Medical Collections: Everything You Need to Know in 2024 Are medical collections standing in your dream of buying a home? Good news! FHA loans might be your best option to qualify for a mortgage—even if you have medical debt. In this blog post, we’ll walk you through the updated FHA guidelines on…
ByGustan Cho
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Maximum Debt-To-Income Ratios for AUS Approval: What You Need to Know in 2024 When applying for a mortgage, your debt-to-income (DTI) ratio is a major consideration for lenders. But what exactly is a DTI ratio, and why is it so important? If you’re wondering how to make sure your DTI ratio falls within the guidelines…
ByGustan Cho
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Issues With Condominium Financing And Mortgage Options in 2024 Financing a condominium can be a smart choice for many buyers. Condos often offer a mix of affordability and convenience. Still, getting a mortgage for one can come with unique challenges. At Gustan Cho Associates, we’re experts in helping buyers navigate the issues with condominium financing,…
ByGustan Cho
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How to Get a Mortgage During or After Chapter 11 Bankruptcy (2024 Updates) If you’re recovering from Chapter 11 Bankruptcy, you might feel unsure about your chances of buying or refinancing a home. But the good news is, you can still qualify for a mortgage, whether you’re in the middle of the repayment plan or…
ByGustan Cho
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In 2024, is it possible to secure a mortgage with collection accounts? Yes, find out how it can be done! If you’re wondering whether getting a mortgage with collection accounts on your credit report is possible, you’re not alone. Many homebuyers find themselves in this situation, unsure whether their credit issues will stop them from…
ByGustan Cho
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Mortgage Guidelines with Unpaid Taxes: Qualifying for a Home Loan in 2024 Are you worried about unpaid taxes standing in the way of your dream home? The good news is that you can still qualify for a mortgage—even if you owe money to the IRS. However, the rules for mortgage guidelines with unpaid taxes depend…
ByGustan Cho
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Home Loan with Income Increase: Everything You Need to Know in 2024 Are you thinking about buying a home or refinancing your mortgage? Wondering if a recent income increase can help you qualify for a better loan or higher loan amount? You’re not alone! Many people are curious about how a new job, a promotion,…
ByGustan Cho
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FHA Chapter 13 Bankruptcy Guidelines allow homebuyers and homeowners to qualify for FHA loans for home purchases and refinance during and after Chapter 13 Bankruptcy. FHA and VA loans are the only two loan programs allowing borrowers to qualify for a mortgage during the Chapter 13 Bankruptcy repayment plan. Dustin Dumestre, a senior loan officer…
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