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ByMike Gracz
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Gustan Cho Associates has over 160 wholesale lending partnerships. Gustan Cho Associates has a national reputation for its no lender overlays on government and conventional loans. We have a reputation for being able to do loans other lenders cannot do. Gustan Cho Associates are mortgage brokers licensed in 48 states including Washington, DC, and Puerto…
ByMike Gracz
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This article will discuss three simple marketing ideas for mortgage loan originators. Buying a house can be stressful, particularly for a first-time home buyer. Getting approved for a mortgage loan can be one of the greatest sources of anxiety. Getting started as a brand new licensed loan officer can be challenging. The job is very…
ByMike Gracz
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If you are in the market for a mortgage loan, you know the importance of credit scores for home loans during periods of high inflation and increasing rates. Having low credit scores can be incredibly frustrating. You can wreck them in one night and can take years to rebuild. In this blog, we will detail the…
ByMike Gracz
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In this blog, we will be comparing the skyrocketing mortgage rates versus housing prices. We will cover the forecast of mortgage rates versus housing prices. Just a little over 12 months ago, mortgage rates were as low as 2.5% on a 30-year fixed-rate conforming loan. Home prices were surging like never before in history. Homebuyers…
ByMike Gracz
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In this blog, we will cover the mortgage due-on-sale clause when you inherit a house with a lien. If you are inheriting a property with a mortgage, you may wonder if the mortgage due-on-sale clause is relevant to you. The mortgage due-on-sale clause is a provision in mortgage loans that gives the lending company the…
ByMike Gracz
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The one-time construction loan close for new construction homes enables homebuyers to purchase land, build, and permanently finance a new home.
ByMike Gracz
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In this blog, we will cover and discuss buying a home with a VA loan with no money down. If you are a veteran and bravely served our country, this article is for you. The team at Gustan Cho Associates are experts in VA mortgage financing. If you have been following our blogs, you are…
ByMike Gracz
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What Are The Rules On FHA Loan Collection Accounts With Outstanding Balances
ByMike Gracz
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In this article, we will discuss and cover lenders changing mortgage guidelines post COVID-19 ERA due to skyrocketing rates, market volatility, and an unstable housing market. We will be comparing mortgage lenders changing mortgage guidelines due to liquidity issues in the secondary mortgage bond market. The coronavirus pandemic had lenders changing mortgage guidelines due to…
ByMike Gracz
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In this blog, we will cover and discuss the non-QM mortgage update from non-prime lenders. Ever since the coronavirus outbreak in February 2020, there have been many changes in non-QM mortgage loans. Non-QM mortgage update from non-prime lenders seems like it is happening more often than any other mortgage program. Recently non-QM mortgage lender Sprout…
ByMike Gracz
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Many Americans are familiar with the terms Fannie Mae and Freddie Mac, but may not know exactly what they represent. Many believe Fannie Mae and Freddie Mac are branches of the federal government. The role of Fannie Mae and Freddie Mac is to guarantee conventional mortgage loans. After the real estate crash of 2008, the…
ByMike Gracz
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In this blog, we will discuss and cover the VA funding fee mortgage guidelines for VA home loans. VA loans are the best loan program for owner-occupant primary home financing in the United States. One of the greatest benefits for homebuyers who have served in the U.S. Armed Services is the benefit of being eligible…
ByMike Gracz
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In this blog, we will discuss the best Oregon mortgage lenders with hundreds of loan options for owner-occupant homes, second homes, and investment properties. As many of our readers know, the team at Gustan Cho Associates, Empowered by NEXA Mortgage, LLC, NMLS 1660690 is headquartered in Chandler, Arizona, and is headed by CEO Michael Kortas…
ByMike Gracz
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The latest data of the top 10 most expensive states to buy a house in 2022 has been released and the results were not surprising. Hawaii, Wyoming, Massachusetts, Alaska, and California have ranked in the top five for the past seven years. Part of the reason why certain states have higher home prices than other…
ByMike Gracz
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In this blog, we will discuss and cover the comparison between Jumbo versus High-Balance Mortgages. What is the difference between Jumbo Versus High-Balance Mortgages In High-Cost Areas? Gustan Cho Associates is a lender licensed in 48 states with over 170 wholesale mortgage lenders on specialty mortgage programs. The team at Gustan Cho Associates are experts…
ByMike Gracz
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Active and/or retired members of the United States Armed Services and eligible surviving spouses of eligible veterans in Kentucky can qualify for VA loans Kentucky with no money down, credit scores down to 500 FICO, less than perfect credit, and prior credit issues. VA loans are hands down the best home loan program in the…
ByMike Gracz
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In this article, we will cover and discuss the FHA Chapter 13 Guidelines in Wyoming to buy a home or do a refinance during the Chapter 13 repayment plan. With the surging values of homes in Wyoming, the FHA Chapter 13 Guidelines in Wyoming enable potential homebuyers to be able to purchase a home while…
ByMike Gracz
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In this article, we will cover and discuss California FHA high-balance loans in high-cost counties. It is no secret to residents of California that the cost of living is high. California FHA High-Balance Loans makes California home buyers purchase California homes in all parts of the state with a 3.5% down payment. California Housing Prices…
ByMike Gracz
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In this article, we will cover and discuss qualifying for FHA loans with under 620 FICO in Utah with outstanding collection and charged-off accounts. There is a huge market for borrowers who need to get approved for FHA loans with under 620 FICO in Utah. One thing borrowers do not realize is that not all…
ByMike Gracz
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In this blog, we will cover and discuss online mortgage application leading to clear to close. The mortgage application process has changed over the years. There was a time when borrowers met mortgage loan officers face to face. Borrowers either met their loan officers at the mortgage company or the mortgage loan originator visited their…
ByMike Gracz
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In this blog, we will cover and discuss what are conventional loans or conforming mortgages and their benefits. Many home buyers often are not familiar with the various different mortgage options they have to choose from. However, which mortgage option is the best for them? One of the most common frequently asked questions we get…
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