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Author: Sapna Sharma

Home / Sapna Sharma
What Is Required on a Non-Occupying Co-Borrower
Non-Occupant Co-Borrowers | Conventional Loans | FHA Loans | Videos

What Is Required on a Non-Occupying Co-Borrower

BySapna Sharma Posted onMay 9, 2023May 12, 2023

In this guide, we will cover what is required on a non-occupying co-borrower on home loans. Often, a home buyer…

Continue Reading What Is Required on a Non-Occupying Co-BorrowerContinue

Delegated Versus Nondelegated Mortgage Underwriting
Mortgage Processing And Underwriting

Delegated Versus Nondelegated Mortgage Underwriting

BySapna Sharma Posted onJanuary 8, 2023February 24, 2023

This article is on delegated versus nondelegated mortgage underwriting by lenders. We will cover the main difference between delegated and…

Continue Reading Delegated Versus Nondelegated Mortgage UnderwritingContinue

How Underwriters Look at Credit Report vs Credit Scores
Home Mortgage | Credit Disputes | Credit Scores | Videos

How Underwriters Look at Credit Report vs Credit Scores

BySapna Sharma Posted onDecember 13, 2022December 27, 2022

This blog will cover how mortgage underwriters look at credit report vs credit scores. Minimum credit scores are required to…

Continue Reading How Underwriters Look at Credit Report vs Credit ScoresContinue

Conforming Loan Limit on Common and High-Cost Counties
Conventional Loans | Videos

Conforming Loan Limit on Common and High-Cost Counties

BySapna Sharma Posted onDecember 11, 2022May 14, 2023

The conforming loan limit increase takes effect immediately on common and high-cost counties, according to John Strange, a senior loan…

Continue Reading Conforming Loan Limit on Common and High-Cost CountiesContinue

ARM Versus Fixed-Rate Mortgages
Home Mortgage | Mortgage Rates | Videos

ARM Versus Fixed-Rate Mortgages

BySapna Sharma Posted onDecember 9, 2022December 20, 2022

In this blog, we will cover ARM versus fixed-rate mortgage loans. ARM stands for an adjustable-rate mortgage. Adjustable-Rate Mortgage is…

Continue Reading ARM Versus Fixed-Rate MortgagesContinue

How To Improve Credit Scores To Qualify For a Mortgage
Re-Establishing Credit | Credit Scores | Secured Credit Cards | Videos

How To Improve Credit Scores To Qualify For a Mortgage

BySapna Sharma Posted onDecember 9, 2022May 7, 2023

This blog will cover how to improve credit scores to qualify for a mortgage. Borrowers’ credit payment history and scores…

Continue Reading How To Improve Credit Scores To Qualify For a MortgageContinue

Preparing For Home Loan For a Smooth Mortgage Approval
Qualifying & Getting Pre-approved | Mortgage Processing And Underwriting | Videos

Preparing For Home Loan For a Smooth Mortgage Approval

BySapna Sharma Posted onDecember 8, 2022December 20, 2022

This blog will cover preparing for home loan for a smooth mortgage approval without stress. Preparing For Home Loan before…

Continue Reading Preparing For Home Loan For a Smooth Mortgage ApprovalContinue

Private Mortgage Insurance on Conventional Loans
Mortgage Insurance

Private Mortgage Insurance on Conventional Loans

BySapna Sharma Posted onDecember 7, 2022August 3, 2023

This blog will cover private mortgage insurance on conventional loans. FHA loans require a 1.75% one-time upfront mortgage insurance premium…

Continue Reading Private Mortgage Insurance on Conventional LoansContinue

Benefits To Know About Reverse Mortgages For Seniors
Reverse Mortgages | Videos

Benefits To Know About Reverse Mortgages For Seniors

BySapna Sharma Posted onDecember 7, 2022December 29, 2022

In this blog, we will be discussing and covering what a reverse mortgage and the benefits of knowing about reverse…

Continue Reading Benefits To Know About Reverse Mortgages For SeniorsContinue

What Is PITI In Mortgage?
High Debt To Income Ratio | Home Mortgage | Videos

What Is PITI In Mortgage?

BySapna Sharma Posted onOctober 7, 2022March 2, 2023

All mortgage loan programs require a maximum front debt-income ratio and back debt to income ratio. However, conventional loans do not require a front debt to income ratio. VA loans do not have a debt to income ratio requirements. Lenders can have lender over lender overlays on debt to income ratios.

Continue Reading What Is PITI In Mortgage?Continue

How Does FHA Define Family Member Co-Borrowers
Non-Occupant Co-Borrowers

How Does FHA Define Family Member Co-Borrowers

BySapna Sharma Posted onSeptember 28, 2022October 1, 2022

In this blog, we will cover how FHA define member for non-occupant co-borrowers. HUD, the parent of FHA, implements FHA…

Continue Reading How Does FHA Define Family Member Co-BorrowersContinue

Predatory Lending Laws And Unfair Credit Practices
Regulations

Predatory Lending Laws And Unfair Credit Practices

BySapna Sharma Posted onSeptember 28, 2022October 1, 2022

In this mortgage guide in Gustan Cho Associates we will cover what predatory lending laws are. Predatory Lending is the…

Continue Reading Predatory Lending Laws And Unfair Credit PracticesContinue

Title Insurance Protection Is Required By All Lenders
Real Estate Topic

Title Insurance Protection Is Required By All Lenders

BySapna Sharma Posted onSeptember 27, 2022October 1, 2022

In this article, we will cover and discuss title insurance protection that is required by all mortgage lenders. We will…

Continue Reading Title Insurance Protection Is Required By All LendersContinue

Role of a Mortgage Underwriter
Mortgage Processing And Underwriting

Role of a Mortgage Underwriter

BySapna Sharma Posted onSeptember 24, 2022October 5, 2022

In this blog, we will cover and discuss the role of a mortgage underwriter during the mortgage loan application and…

Continue Reading Role of a Mortgage UnderwriterContinue

Buying A Home In A Sellers Market With Bad Credit
Home Purchase | Videos

Buying A Home In A Sellers Market With Bad Credit

BySapna Sharma Posted onSeptember 11, 2022August 3, 2023

In this guide on buying a home in a sellers market with bad credit, we will show our viewers and…

Continue Reading Buying A Home In A Sellers Market With Bad CreditContinue

Maryland FHA Lenders For Homebuyers With Bad Credit
FHA Loans

Maryland FHA Lenders For Homebuyers With Bad Credit

BySapna Sharma Posted onSeptember 4, 2022October 7, 2022

Not all Maryland FHA Lenders have the same lending requirements on FHA loans. There are two different types of guidelines…

Continue Reading Maryland FHA Lenders For Homebuyers With Bad CreditContinue

Bad Credit Mortgages

How To Get Mortgage With Bad Credit and Low Credit Scores

BySapna Sharma Posted onSeptember 1, 2022October 7, 2022

In this article, we will cover how to get mortgage with bad credit lenders with no overlays. Many borrowers have…

Continue Reading How To Get Mortgage With Bad Credit and Low Credit ScoresContinue

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    Gustan Cho Associates are mortgage brokers licensed in 48 states including Washington DC, Puerto Rico, and the U.S Virgin Islands (Not licensed in NY and MA). The team at Gustan Cho Associates has a national reputation of being able to do mortgage loans other mortgage companies cannot do. Gustan Cho Associates dba of NEXA Mortgage has a lending partnerships with over 190 wholesale mortgage lenders with dozens of no overlay lending partners on government and conventional loans and countless non-QM and alternative lending partners. Over 80% of our clients are borrowers who could not qualify at other mortgage companies either due to a last-minute mortgage loan denial due to lender overlays or because the lender did not have the mortgage loan program suited for the borrower. At Gustan Cho Associates, we only market mortgage loan products that exists and are possible. You can rest assured any owner-occupant primary home, second home, or investment property mortgage loan program in the marketplace, you will find them offered at Gustan Cho Associates Talk to a loan officer today

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    • About Us
      • Contact Us
      • Get Pre-Approved
      • Order Credit
      • FICO Simulator
      • MLO License School
      • Why Choose Us
      • Meet Our Team
      • Preferred Realtor Partner Network
        • Dino Hasapis | Licensed Real Estate Broker | PRPN Director
        • Oakbrook Terrace, Illinois | Gustan Cho Associates Mortgage
      • Loan Officers
        • Michael Gracz
        • Ronda Butts
    • Types Of Mortgages
      • Purchase
        • Home Purchase Loans
        • Investment Property Loan
      • Refinance
        • Refinance Mortgage Options
        • Chapter 13 Bankruptcy Cash-Out-Buyout
        • Rate And Term Refinance
        • FHA Streamline Refinance
        • VA Streamline Refinance
        • Refinancing NON-QM Loans Into Conventional Mortgages
        • Refinance FHA To Conventional Loans
      • FHA Home Loans
        • FHA Manual Underwriting
        • FHA Chapter 13 Bankruptcy Guidelines
        • FHA Loans For Bad Credit
        • FHA Loans For Low Credit Scores
        • FHA Collections
        • FHA Loans Charged Off Accounts
        • W-2 Income Only FHA Loans
        • FHA Loans With Tax Lien
        • FHA Loan With Judgment
      • VA Home Loans
        • VA Manual Underwriting
        • VA Chapter 13 Bankruptcy Guidelines
        • VA Loans For Bad Credit
        • VA Loans For Low Credit Scores
        • VA Loans With Charged-Off Accounts
        • W-2 Income Only VA Loans
        • VA Loans with Tax Lien
        • VA Loan with Judgment
      • USDA Loans
      • DACA Mortgage Loans
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        • Conventional Loans W-2 Income ONLY Mortgages
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        • Conventional Loan With Judgment
      • Condominium Loans
        • Warrantable Condos
        • Non-Warrantable Condos
        • Condotel Financing
      • NON-QM Loans
        • Bank Statement Loans
        • DSCR Loans
        • Asset-Depletion
        • Foreign Nationals
        • ITIN Mortgage Loans
        • No-Doc Loans
      • Jumbo Mortgage
      • FHA 203K Loans
      • Reverse Mortgages
      • Commercial Loans
    • Careers
      • Can Realtors Be MLOs At The Same Time
      • Career Opportunities
        • Training a New Mortgage Loan Officer Without Any Experience
        • MLO License School
        • How To Brand Yourself as a Loan Officer
      • Mortgage Branch Careers
      • Remote Mortgage Loan Officer Career Opportunities
      • How Do I Become A Mortgage Loan Officer
      • MLO Revenue Share Residual Income Opportunity
    • Videos
    • Blogs
    • Testimonials
    • Talk To A Loan Officer
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