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This BLOG On Fannie Mae NON-Citizens Mortgage Guidelines On Conventional Loans Was PUBLISHED On April 29th, 2019 Recently Fannie Mae added clarity to Fannie Mae NON-Citizens Mortgage Guidelines. Per Fannie Mae Guidelines on Conventional Loans, borrowers do not have to be U.S.Citizens to qualify for home loans Fannie Mae Guidelines, non-citizen home buyers can qualify for a home mortgage…
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This BLOG On Purchase Offer Rejected By Sellers On Homes And Reasons Why Was UPDATED On April 29th, 2019 The housing market has recovered in the past two years and it seems like it will continue to recover. Real estate values have steadily been climbing in most parts of the country Homeowners who had underwater mortgages…
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This BLOG On Conforming Versus Non-Conforming Mortgage Loan Programs Was UPDATED On April 27th, 2019 Home Buyers and homeowners have a variety of mortgage loan programs to choose. There are conforming versus non-conforming mortgage loan programs. Conforming Loans needs to conform to government and/or conventional mortgage guidelines. Depending on the borrowers credit profile and the type…
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This BLOG On Benefits Of FHA Loans For First Time Home Buyers Was UPDATED On April 26th, 2019 By Gustan Cho There are many Benefits Of FHA Loans for first time home buyers. There are also Benefits Of FHA Loans for home buyers with prior bad credit, bankruptcy, foreclosure, deed in lieu of foreclosure, and short sale. FHA…
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This BLOG On Mortgage Denied With Lender And Taking Next Steps To Get Approved Was UPDATED On April 25th, 2019 First time home buyer or seasoned home buyers need to choose a mortgage lender to qualify for home loans. Not all mortgage lenders have the same government and conventional loan requirements. All lenders need to meet…
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This BLOG On Indiana Home Purchase Ranked Best Place To Live Was PUBLISHED On April 23rd, 2019 While tens of thousands of residents are moving out of Illinois, Indiana is flourishing. Indiana is the 17th most populous state in the United States. The state is the 38th largest state in the U.S. The state of Indiana…
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This BLOG On Freddie Mac Cash-Out Refinance Guidelines On Conventional Loans Was PUBLISHED On April 22nd, 2019 Freddie Mac Cash-Out Refinance Guidelines allow a limited amount of cash to be taken out on a limited rate and term refinance on conventional loans. Per Freddie Mac Cash-Out Refinance Guidelines, borrowers can get up to 1.0% of the mortgage…
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This BLOG On Recent Increase In Income And How It Is Viewed By Underwriters Was UPDATED On April 18th, 2019 Depending on mortgage underwriters, W-2 income is calculated in various ways. Mortgage lenders require two years of employment history This does not mean borrowers needs to have worked for two years at the same company Home…
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This BLOG On Refinance Mortgage Guidelines For Mortgage Programs Was UPDATED On April 15th, 2019 Many homeowners do not realize that by doing a refinance mortgage loan can save them thousands of dollars over the life of their home loan. There are Refinance Mortgage Guidelines various different mortgage programs: There are many types of refinance mortgage programs…
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This BLOG On What Does Sheriffs Sale Mean In Home Foreclosures Was UPDATED On April 3rd, 2019 A sheriffs sale is the final process of foreclosure proceedings via judicial foreclosure. There are many stages in the foreclosure process that a homeowner in default goes through before the sheriff’s sale When a borrower is in default of…
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This BLOG On Housing Market Strong Due To Declining Mortgage Interest Rates Was PUBLISHED On March 25th, 2019 Many economists and housing experts are expecting Housing Market Strong in 2019 due to the FED announcing of an interest rate freeze for the remaining year. In 2018, mortgage rates shot up to an all-time high since the…
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In this article, we will cover and discuss how the FED interest rate freeze affecting the booming housing market. The news of the FED Interest Rate Freeze on March 20th, 2109 surprised many. The FED Interest Rate Freeze comes weeks after the news of the FED Leaving Interest Rates Unchanged For the First Quarter of…
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This BLOG On Mortgage Rates Hit 13 Month Low And FEDS Leave Rates Unchanged Was PUBLISHED On March 21st, 2019 Mortgage Rates Hit 13 Month Low at 4.25% for prime borrowers. This is good news for home buyers and homeowners watching rates Mortgage Rates hit an all-time high since the 2008 Great Recession last year…
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This BLOG On FED Keep Rates Unchanged For Remaining Of The Year 2019 Was PUBLISHED On March 20th, 2019 FED Keep Rates Unchanged for the remaining of the year it was announced today. The Federal Reserve Board, which announced earlier that they will just leave interest rates unchanged for the first quarter and take a…
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This BLOG On New York To Audit Residents Leaving State To Generate Revenues Was PUBLISHED On March 18th, 2019 New York has one of the country’s highest tax rates. Property taxes, sales taxes, city taxes, county taxes, and income taxes are all higher than any other state in the nation. With the highest tax rates…
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This BLOG On HUD Secretary Ben Carson To Leave After First Term To Private Sector Was PUBLISHED On March 6th, 2019 HUD Secretary Ben Carson announced that he will be leaving The United States Department of Housing and Urban Development. HUD is the parent of the Federal Housing Administration HUD is in charge of FHA….
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This ARTICLE On When Do You Need Duct Cleaning Was Written By Staff Writer at Gustan Cho Associates As you continue to heat and cool your home, various allergen particles can accumulate in the vents and ducts. These include dust, pollen allergens, insectfeces, mold, pet dander and obstructions like toys. When these particles are part…
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This BLOG On How AOC Hurt Housing Market For New York Property Owners Was PUBLISHED On February 21st, 2019 Many New Yorkers wonder How AOC Hurt Housing Market and homeowners in her district. Alexandra Ocasio-Cortez is a newly elected Congresswoman Alexandria Ocasio-Cortez is an energetic aggressive Congresswoman who seems like she wants to change the country…
ByGustan Cho
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This BLOG On How Amazon Relocation Affects Housing Market In Area Was PUBLISHED On February 18th, 2019 Many people often wonder How Amazon Relocation Affects Housing Market. On February 14th, 2019, Amazon announced that it will not set up its second headquarters in Long Island City, New York due to political opposition by Alexandra Ocasio-Cortez…
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This BLOG On Amazon Cancels New York Headquarters Plans Affect Real Estate Market Was Published On February 15th, 2019 Amazon Cancels New York Headquarters Plans on Thursday February 14th, 2019. Many builders and real estate developers had plans for months in developing thousands of housing units. Over 25,000 high paying new jobs would have created…
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This BLOG On President Declares National Emergency And How It Affects Mortgages Was PUBLISHED On February 15th, 2019 Mortgage Borrowers and Lenders were on the edge for the February 15, 2019 date. The government shutdown was temporarily opened until February 15, 2019 The 2019 Partial Government Shutdown affected mortgage lending for 35 day This held…
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