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ByGustan Cho
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In this blog, we will discuss and cover what is the best mortgage loan for buying a house. Many home buyers often do not know where to start when applying for a mortgage for a home purchase. Homebuyers will tend to rely on their realtor, family members, attorneys, or business associates for advice. However, most…
ByGustan Cho
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In this blog, we will cover and discuss on ways on how can you get a mortgage after retirement. Seniors can qualify for a mortgage after retirement using retirement income and/or other sources of income. Tens of thousands of seniors purchase homes for one or many reasons after retirement. Some need to downsize their homes,…
ByGustan Cho
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In this blog, we will cover and discuss the down payment guidelines on home purchase mortgage loans. The down payment guidelines and requirements depend on the particular loan program. Government loans have lower down payment requirements due to the lower level of risk lenders take due to the government guarantee. Down Payment Guidelines on Home…
ByGustan Cho
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In this blog, we will cover and discuss the steps in buying and selling a home and closing on time. Many renters who have been on the sidelines are beginning to pull the trigger on buying their first home. With home values appreciating to record levels and mortgage rates at a 3-year low, many first-time…
ByGustan Cho
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In this blog, we will cover and discuss qualifying for FHA loans with South Dakota FHA lenders for under 600 FICO with outstanding collection and charged-off accounts. The United States Department of Housing and Urban Development, also known as HUD, is the parent of the Federal Housing Administration, commonly referred to as FHA. Not all…
ByGustan Cho
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In this article, we will cover and discuss the options homebuyers have after they got an FHA loan denied for low credit scores in Ohio with an approve/eligible per automated underwriting system. One of the misconceptions consumers have is that all lenders have the same lending requirements on FHA loans since they are government loans….
ByGustan Cho
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In this blog, we will discuss and cover choosing the best lenders after mortgage denial in Iowa due to the lender overlays of the lender who denied you. We will discuss and cover choosing the best lenders after mortgage denial in Iowa after being denied for lower credit scores, high debt to income ratio, manual…
ByGustan Cho
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In this blog, we will cover and discuss homeowners doing a fast-track low-interest FHA streamline refinance in Alabama for homeowners with a current FHA loan. Homeowners can qualify for an FHA streamline refinance in Alabama with bad credit, no appraisal, no income verification, plus no closing costs. Borrowers can have very low credit scores and…
ByGustan Cho
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In this blog, we will cover and discuss qualifying for a mortgage with low credit scores in Vermont in 2022. Homebuyers do not need perfect credit to qualify for a mortgage with low credit scores in Vermont. Outstanding collections and charged-off accounts do not have to be paid off to qualify for a mortgage with…
ByGustan Cho
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In this article, we will cover and discuss how homebuyers can qualify for a mortgage after bankruptcy in South Dakota. Consumers who have filed for bankruptcy can qualify for a mortgage after bankruptcy after meeting the waiting period after bankruptcy requirements in South Dakota. The waiting period to qualify for a mortgage after the bankruptcy discharge…
ByGustan Cho
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In this blog, we will cover and discuss qualifying for an FHA Chapter 13 Bankruptcy Mortgage in Alaska with late payments during the repayment. The housing market in Alaska is booming. Many people in the repayment plan of Chapter 13 are in a five-year term. This is a long time since not been able to…
ByGustan Cho
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In this article, we will cover and discuss qualifying for FHA loans with 580 FICO in West Virginia and getting mortgage loan approval. Not all FHA Mortgage Lenders have the same lending guidelines on FHA loans with 580 FICO in West Virginia. Most lenders in West Virginia have mortgage overlays which are additional guidelines that…
ByGustan Cho
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In this article, we will cover and discuss the best bad credit mortgage lenders in Delaware. Gustan Cho Associates are mortgage brokers licensed in 48 states with lending partnerships with over 170 wholesale lenders. Gustan Cho Associates has a large presence in Delaware. Why choose Gustan Cho Associates? We have a national reputation for being…
ByGustan Cho
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In this article, we will cover and discuss qualifying for a mortgage one day out of foreclosure lending guidelines. Housing prices kept on going up like never in history in the 2000s. Real estate was the investment of choice for most Americans. A large percentage of American workers had other properties as their choice of…
ByGustan Cho
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In this blog, we will cover and discuss conventional loans versus government-backed mortgages and the differences. Conventional loans are the most popular loan program in the United States. Owner-occupant primary homes, second homes, and investment properties are eligible for conventional loan financing. Owner-occupant primary one to four-unit homes is eligible for government-backed loans. You cannot…
ByGustan Cho
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In this blog, we will discuss and cover FHA streamline refinance Connecticut with no appraisal and no income docs required. FHA Streamline Refinance Connecticut is when a homeowner with a current FHA home loan refinances with a new FHA loan. HUD, the parent of FHA, does not require homeowners with an FHA loan to get…
ByGustan Cho
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In this article, we will cover and discuss FHA streamline refinance Utah mortgage guidelines. Gustan Cho Associates, Empowered by NEXA Mortgage, LLC, is a mortgage broker licensed in 48 states. We have wholesale lending relationships with over 160 wholesale mortgage lenders. Most of our wholesale lenders on government and conventional loans have no mortgage overlays…
ByGustan Cho
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In this article, we will discuss and cover refinance mortgage rates pricing adjustments, and volatility. Refinance Mortgage Rates hit a three-year high this week. Rates hit a historic low of 2.25% on a 30-year fixed-rate mortgage earlier this year. Mortgage rates skyrocketed to a three-year high of 5.25% this week. Since the beginning of the…
ByGustan Cho
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In this article, we will cover and discuss how do mortgage underwriters view assets for down payment on home purchases. Borrowers must have sufficient cash to cover the required minimum down payment on their home purchase. However, How Do Mortgage Underwriters View Assets? All assets used for the down payment and closing costs need to…
ByGustan Cho
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In this blog, we will cover and discuss government mortgages for owner-occupant homebuyers. We will go in-depth about what government mortgages are and the lending requirements. Government-backed loans are owner-occupant primary home mortgages originated by private lenders like banks, mortgage brokers, and mortgage bankers but backed by a federal government agency. Why Are Government-Backed Loans…
ByGustan Cho
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Homebuyers should take time and ask as many questions as possible prior to the homebuying process. This holds especially true even if they are purchasing the home cash.
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