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ByMike Gracz
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This BLOG On Mortgage Rates On FHA 203k Loans Versus Traditional Mortgages Was PUBLISHED On July 1st, 2020 FHA 203k Loans is an acquisition and construction/renovation loan all combined in one loan. This type of loan is where a home buyer can purchase a fixer-upper or uninhabitable home that is in need of rehab with…
ByMike Gracz
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This BLOG On Freddie Mac HomeOne Mortgage Guidelines For First Time Home Buyers Was PUBLISHED On June 12th, 2020 Freddie Mac has come out with a new Loan program called Freddie Mac HomeOne Mortgage to help first-time home buyers. This program is designed to attract clients who may be looking into low down payment options,…
ByMike Gracz
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BREAKING NEWS: CARES ACT Mortgage Forbearance Help For Unemployed Homeowners During these crazy economic times, the COVID-19 coronavirus has created numerous stimulus packages from the government as well as individual lending institutions. Whether you have a personal loan, auto loan, credit card, or even a mortgage, you may be eligible for payment forbearance. The term…
ByMike Gracz
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BREAKING NEWS: COVID-19 Pandemic Economic Update And Housing Market Changes As the world is still in shambles due to the COVID-19 coronavirus outbreak, Gustan Cho Associates are still originating and funding mortgages without LENDER OVERLAYS. We are available seven days a week even during times like these to help our clients with their mortgage needs…
ByMike Gracz
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This guide covers VA guidelines versus overlays during the pandemic economic crisis. It is no secret that qualifying for a mortgage is more difficult during this COVID-19 coronavirus outbreak. If you have been following the news at all, you understand the doom and gloom going on throughout the world. While views are starting to differ…
ByMike Gracz
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BREAKING NEWS: Avoiding Foreclosure During The COVID-19 Pandemic Crisis Avoiding Foreclosure During The COVID-19 Pandemic Crisis for unemployed homeowners The CARES Act is a large and important piece of legislation The CARES Act was introduced to help the American people combat the COVID-19 coronavirus financially The CARES Act of 2020 was the most expensive relief…
ByMike Gracz
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Only a few years ago, if you were able to spell the word mortgage, you could become a Mortgage Loan Officer. Hence, it became a big tent for everyone and anyone who wanted a “job” with the potential of juicy paychecks Many of the good Loan Officers got lost in the shuffle of all the…
ByMike Gracz
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BREAKING NEWS: How The Coronavirus Pandemic Affects Qualifying For FHA Mortgages For Borrowers With Lower Credit Scores With an additional roughly 5 million Americans filing unemployment last week, this pushes a total of 26 million Americans off work due to COVID-19 coronavirus. This is an alarming rate that we hope changes quickly Unemployment was at…
ByMike Gracz
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BREAKING NEWS: Mortgage Denial Due To Coronavirus Pandemic Crisis Chaos As the United States and global population deal with this pandemic, many pillars of industry have been affected. The mortgage market is heavily affected due to this pandemic There are many unfortunate outcomes of this COVID-19 outbreak including millions of Americans out of work Since…
ByMike Gracz
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BREAKING NEWS: Buying A Home During COVID-19 Pandemic Mortgage Crisis We all know the COVID-19 coronavirus outbreak has affected the world in unimaginable ways. Some major industries such as tourism, retail, automotive, logistics, and even real estate are affected in unmeasurable ways In this blog, we will give a quick COVID-19 mortgage update as well…
ByMike Gracz
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This Breaking News Article Is About How The Coronavirus Pandemic Is Affecting The Mortgage Process As we approach a new week during this coronavirus COVID-19 pandemic, Americans are still in panic mode. We are seeing the epicenter New York city grow in panic The White House coronavirus task force is continuing to hold press conferences…
ByMike Gracz
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BREAKING NEWS: Home Buying Process During The Coronavirus Pandemic Crisis As Americans received some puzzling news from the White House coronavirus task force briefing yesterday on March 31, 2020, we all must prepare for things to get worse before they get better. By the graphs and model charts presented, we are in for a dark…
ByMike Gracz
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This ARTICLE On The Coronavirus Update For Purchase And Refinance Mortgage Borrowers Was PUBLISHED On March 25th, 2020 Gustan Cho Associates continue to work vigorously to close our current pipeline and originate new mortgage loans during these crazy times We would like to update our clientele in our current situation The COVID-19 coronavirus is something…
ByMike Gracz
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This BLOG On California Roads And How It Affects California Home Purchase Was UPDATED And PUBLISHED On March 19th, 2020 California is the nation’s most populous and largest state. California also has the highest tax rate in the United States Average homes in the United States are priced at $268,500 However, average homes in California…
ByMike Gracz
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This Blog On The Pros And Cons Of Home Equity Conversion Mortgage Was Written By Mike Gracz There are the pros and cons of home equity conversion mortgage. A government-insured Home Equity Conversion Mortgage (HECM) offered the Federal Housing Administration (FHA) is one type of mortgage loan program commonly referred to as a reverse mortgage…
ByMike Gracz
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This ARTICLE On How Derogatory Credit Impacts Credit Scores For Mortgage Was PUBLISHED On March 6th, 2020 How Derogatory Credit Impacts Credit Scores For Mortgage: It is no secret Gustan Cho Associates are experts in mortgage lending when it comes to derogatory credit We receive inquiries every day regarding the waiting period to enter a…
ByMike Gracz
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BREAKING NEWS: This Article On Stocks Drop 1000 Points As Coronavirus Fear Returns Was PUBLISHED On March 5th, 2020 After the Dow Jones had a market selloff and entered correction territory last week, the Dow had another selloff today dropping almost 1,000 points. Stocks drop 1000 points as the coronavirus fear returns with another death…
ByMike Gracz
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BREAKING NEWS: The Dow Surges 1200 Points On Hopes Of Central Bank Lowering Rates The Dow Surges 1200 Points on Monday after the biggest market selloff last week since the 2008 financial crisis. The bullish buying started as soon as the equity markets opened There was a total of six deaths in Washington State due…
ByMike Gracz
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This BLOG On California Home Buyer Down Payment Assistance Program Was UPDATED And PUBLISHED On February 23rd, 2020 Program Eligibility For California Home Buyer Down Payment Assistance Program: What is the California Home Buyer Down Payment Assistance Program? Down Payment Assistance program that is available to first time home buyers who are residents of the…
ByMike Gracz
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This ARTICLE On Credit Report Analysis By Mortgage Underwriters During Loan Process Was PUBLISHED On February 9th, 2020 The borrowers’ credit report will be through a thorough credit report analysis by mortgage underwriters. A credit report contains the following information on borrowers: employment work history date of birth social security number address previous addresses creditors…
ByMike Gracz
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This ARTICLE On Purple Heart Veterans Updated Mortgage Guidelines was PUBLISHED On December 12th, 2019 Many loyal Gustan Cho Associate’s readers are veterans. We are thankful for our veterans and offer VA mortgage loans without any LENDER OVERLAYS A VA mortgage is a great tool to help those who have served our country achieve homeownership…
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