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ByGustan Cho
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This guide covers how to review credit report during the mortgage process. We will be discussing how to review credit report for errors before applying for a mortgage. An accurate credit report will avoid delays in the mortgage process and may boost your credit scores. Homebuyers should always review their credit reports before applying for…
ByGustan Cho
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This guide covers paying down credit card balances to boost credit scores and lower high debt-to-income ratios to qualify for a mortgage and get approved for new credit. Debt-to-income ratios are among the most important factors a mortgage underwriter will consider when qualifying borrowers. Paying down credit card balances is the fastest and easiest way…
ByGustan Cho
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This guide covers changes in credit report during mortgage process. Credit scores and debt-to-income ratios determine whether borrowers qualify for a home loan and the type of loan program borrowers qualify for. Lenders do not only go by credit scores. Mortgage underwriters will also review the credit report and the credit history. Late payments in…
ByGustan Cho
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This guide covers the frequently asked question of whether can you get denied for a mortgage with good credit. Income, credit, credit scores, assets, and liabilities are all majorly in the mortgage approval process. Two of the most important factors at the initial mortgage qualifying state are debt-to-income ratios and credit scores. Income plays the…
ByGustan Cho
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This guide covers investing in Chicago real estate. Many homebuyers love the City of Chicago, where they would not consider living other than Chicago or the nearby suburbs. Others will only invest in commercial real estate in Chicago and nearby suburbs. In this guide, we will discuss investing in Chicago real estate. Many people would…
ByGustan Cho
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In this blog, we will cover and explain home equity. Home values have skyrocketed over the past few years. Many homeowners are taking advantage of their home equity and doing a cash-out refinance. Proceeds from cash-out refinance loans are tax-free, and the borrower can spend it where they see fit. If you intend on paying…
ByGustan Cho
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This guide covers home repairs. We will thoroughly explain fixing common problems in your home. Your home is your sanctuary, comfort zone, and biggest investment. But remember that it also requires regular maintenance and repairs to keep it in good shape and prevent bigger problems. Whether you’re a homeowner or a renter, you may encounter…
ByGustan Cho
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This guide covers the crisis in Florida homeowners insurance. Many insurance companies are getting out of the Florida homeowners insurance marketplace. It is costing insurance companies billions of dollars to insure a typical home in the state of Florida. Consider the company’s reputation and customer service. Research the reputation of the insurance companies you are…
ByGustan Cho
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This guide covers exploring the enchanting features of Manatee County Florida. Nestled along the picturesque Gulf Coast of Florida, Manatee County boasts a wealth of natural beauty, vibrant communities, and an array of attractions. Named after the gentle and majestic sea creatures that inhabit its waterways, Manatee County offers a diverse range of features that…
ByGustan Cho
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This guide covers what is a green mortgage and how it works. Are you looking for a way to make your home more energy-efficient and eco-friendly? Do you want to lower your utility bills and reduce your carbon footprint? If so, you may be interested in getting a green mortgage. Gustan Cho Associates are mortgage…
ByGustan Cho
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This guide covers jumbo home loans of over 5 million. Most lenders will cap jumbo loan limits between $1 to $3 million. Some non-QM wholesale lenders will go up to a cap of 5 million and not exceed the 5 million cap. What if you have home loans of over 5 million? Where do you…
ByGustan Cho
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This guide covers Utah hard money loan closings in 24 hours for real estate investors offered at Lending Network, LLC. Lending Network, LLC is the best Utah Hard Money Lender with the fastest loan process and funding time than any other hard money lender in Utah. There was a recent incident where disaster was around…
ByGustan Cho
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This guide covers student loan forgiveness programs and how to qualify for a mortgage. The weight of student loan debt poses a significant challenge for countless Americans, particularly those aspiring to purchase a home. When taking out student loans, it’s essential to carefully consider the terms and conditions, interest rates, and repayment options. Borrow only…
ByGustan Cho
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This guide covers the benefits of making bi-weekly mortgage payments. The benefit of bi-weekly mortgage payments is that homeowners can pay off their loan balance before their 30-year fixed rate term. In the following paragraphs, we will be discussing how making bi-weekly mortgage payments can save you mortgage interest and shave four years off a…
ByGustan Cho
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This guide covers lender overlays on collection accounts and charge-off accounts. Homebuyers who have been turned down for a mortgage loan by a bank, credit union, or mortgage banker because due to having older collection accounts with balances may qualify for a mortgage but not with that particular lender. Just because one lender has turned…
ByGustan Cho
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This guide covers how installment loans help rebuild your credit to help borrowers qualify for a mortgage. Installment loans can be found in three major categories: personal, car, and home mortgages (likewise called home loans). Though the three loans have minor dissimilarities, such as safe and unsafe loans, they still have some similarities. Today’s borrowers…
ByGustan Cho
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This guide covers home improvement projects that add value to a home. Home improvement can be a good investment and add value to a home. However, over-improving a home for the area is never a good investment. The right-hand rule is that homeowners never want to own the biggest home in the block unless they…
ByGustan Cho
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This guide covers a home warranty and how it works for homeowners. When you are looking to buy a house, you may ask the seller to give you a home warranty. However, sometimes you need to get the home warranty on your own. You need a home warranty if you inherit a house you want…
ByGustan Cho
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This guide covers applying for and getting approved for home loans with no credit. We have covered many blogs on how to get loans with bad credit, fair credit, and good credit, and blog topics on how to re-establish credit with a bad credit payment history. Gustan Cho Associates Mortgage Group has no lender overlays…
ByGustan Cho
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This guide covers all about equipment financing. If you run a small or medium-sized business, you know how important it is to have the right equipment for your operations. Whether you need machinery, vehicles, computers, or any other physical asset, equipment can help you increase efficiency, productivity, and profitability. But equipment can also be expensive…
ByGustan Cho
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This guide covers primary home versus second home purchase. A primary home is the principal residence of the homeowner. John Strange, a senior loan officer at Gustan Cho Associates, explains the difference between mortgage rates on owner-occupant primary home mortgage rates versus second and investment home rates as follows: Primary home financing also has the…
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