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ByGustan Cho
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This article cover mortgage rates steady as FEDS announces it will not raise rates There is no sign of a housing correction in today’s housing market. Mortgage rates remain steady at historic lows. Many homebuyers are pushing plans on buying homes sooner than later. This is because many feel rates will not remain low. This…
ByGustan Cho
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Every space where people spend time together should provide comfort and safety to each dweller, and most importantly to those with limited mobility and other impairments. Building a place that is accessible to all ensures that a person living with a disability lives an independent life, which improves his or her zeal for life.
ByGustan Cho
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The ability to repay the new mortgage is very important. This is why mortgage underwriters are very strict in thoroughly reviewing the borrower’s prior credit history and want to make sure of their ability to repay the new mortgage payment.
ByGustan Cho
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It has been over a dozen years since the 2008 financial crisis. Skyrocketing home prices is no doubt scaring mortgage regulators of another potential housing bubble and crisis. However, strong extensive mortgage regulations were implemented to avoid another housing crash and mortgage crisis.
ByGustan Cho
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You’ve probably seen a few television ads promoting LendingTree or other mortgage lead sites. These sites promise to get you the best mortgage rate by making lenders compete for your business. But do they really deliver the lowest mortgage rates to consumers?
ByGustan Cho
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More and more individual taxpayers can now relocate and cross state lines to get more bang for the buck. More individual taxpayers are relocating to other states with lower state taxes and affordable housing.
ByGustan Cho
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This Article Is About The Most Affordable States To Purchase Homes In 2021 Home prices have been skyrocketing since 2013 with no sign of a housing correction. Adding fuel to the fire on the hot housing market is the historic low mortgage rates. Today’s 30-year fixed mortgage rate is at 3.25% for prime borrowers. The…
ByGustan Cho
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Every Mortgage Loan Program Has Its Own Agency Guidelines When It Comes To Qualifying For A Mortgage With An Outstanding Tax Lien And/Or Judgment
ByGustan Cho
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This Article Is About States With Highest Property Taxes For Homeowners States With Highest Property Taxes For Homeowners Many home buyers thinking of relocating to another state often wonder what are the states with higher property taxes. Many homeowners who have remote jobs or have their children off to college often think of relocating One…
ByGustan Cho
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Borrowers Need To Realize How Credit Balance Impacts Credit Scores To Qualify For Mortgage: The key to getting a low mortgage rate is to maximize your credit scores prior to applying for a mortgage. It can simply be done by paying down your credit card balance to a 10% credit utilization ratio.
ByGustan Cho
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Should I Repair My Credit Prior To Consulting With A Loan Officer To Qualify For A Home Loan? The answer is absolutely not. Credit repair can do more damage during the mortgage process than help. You cannot have credit disputes during the mortgage process on non-medical collections, charged-off accounts, and late payments. Retracting credit disputes can backfire and drop consumer credit scores.
ByGustan Cho
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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
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This Article Is About Buying A House During Recession For First Time Home Buyers Buying A House During a Recession For First Time Home Buyers is one of the major concerns. Most home buyers have heard of the 2008 Great Recession and Real Estate Collapse. Home prices have been rising for the past several years…
ByGustan Cho
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This Article Is About NON-QM Versus Traditional Mortgage Performance On this BLOG, we will compare NON-QM Versus Traditional Mortgage performance rates. Statistics on NON-QM Versus Traditional Mortgage provide data that non-QM loans are performing better than traditional government and conforming loans. NON-QM Loans are alternative portfolio loans. These loans are for use by borrowers who…
ByGustan Cho
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This Article Is About Home Purchase Offer With Contingencies By Buyers Once home buyers have picked out the home that is best suited for them, the next step is to write a home purchase offer on the home. If you chose a home that is hot and have multiple home buyers interest in the home…
ByGustan Cho
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This Article Is About Qualifying For Home Loan After Deed In Lieu Of Foreclosure Home Buyers can qualify For a Home Loan After Deed In Lieu Of Foreclosure. Government and Conventional Loans require mandatory waiting periods for borrowers who need to qualify for home loan after deed in lieu of foreclosure. FHA and USDA treat…
ByGustan Cho
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This Article Is About Mortgage Versus Rent Payments And Benefits Of Payment Shock Most first-time homebuyers or those folks thinking about buying a home often wonder how much more will new payments on my mortgage versus rent payments be. The new mortgage versus rent payments and the difference is often referred to as payment shock…
ByGustan Cho
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This Article Is About The Questions You Should Ask Your Mortgage Lender On Loan Process Choosing the right mortgage lender is key. Buying a home is a person’s single largest investment in their lifetime The average home loan amount is $327,000 in the United States California has one of the highest home prices in the…
ByGustan Cho
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This Article Is About FHA Mortgage After Bankruptcy Mortgage Guidelines Borrowers can qualify for FHA Mortgage After Bankruptcy. There are two types of bankruptcies and HUD, the parent of the Federal Housing Administration, has different requirements with regards to each type of bankruptcy and the waiting period Just waiting out the waiting period after bankruptcy…
ByGustan Cho
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This Article Is About The Mortgage Meltdown And Qualifying For Home Loan Today With Bad Credit Overall lack of concern, awareness, and education caused the government, banks, investors, and rating agencies from misusing and misunderstanding the financial system and ultimately causing it to collapse. Prior to the 2008 Real Estate And Mortgage Collapse, it was…
ByGustan Cho
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This Breaking News Article Is About Mortgage Rates On The Rise Due To Increase Yields On Treasury Many homeowners and homebuyers are concerned about the sudden spike in mortgage rates last week. The sudden increase in the U.S. Treasury has spiked mortgage rates across the board on all different types of loan programs. This alarmed…
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