What Is Required on a Non-Occupying Co-Borrower
In this guide, we will cover what is required on a non-occupying co-borrower on home loans. Often, a home buyer…
Delegated Versus Nondelegated Mortgage Underwriting
This article is on delegated versus nondelegated mortgage underwriting by lenders. We will cover the main difference between delegated and…
How Underwriters Look at Credit Report vs Credit Scores
This blog will cover how mortgage underwriters look at credit report vs credit scores. Minimum credit scores are required to…
Conforming Loan Limit on Common and High-Cost Counties
The conforming loan limit increase takes effect immediately on common and high-cost counties, according to John Strange, a senior loan…
ARM Versus Fixed-Rate Mortgages
In this blog, we will cover ARM versus fixed-rate mortgage loans. ARM stands for an adjustable-rate mortgage. Adjustable-Rate Mortgage is…
How To Improve Credit Scores To Qualify For a Mortgage
This blog will cover how to improve credit scores to qualify for a mortgage. Borrowers’ credit payment history and scores…
Preparing For Home Loan For a Smooth Mortgage Approval
This blog will cover preparing for home loan for a smooth mortgage approval without stress. Preparing For Home Loan before…
Private Mortgage Insurance on Conventional Loans
This blog will cover private mortgage insurance on conventional loans. FHA loans require a 1.75% one-time upfront mortgage insurance premium…
Benefits To Know About Reverse Mortgages For Seniors
In this blog, we will be discussing and covering what a reverse mortgage and the benefits of knowing about reverse…
What Is PITI In Mortgage?
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.
How Does FHA Define Family Member Co-Borrowers
In this blog, we will cover how FHA define member for non-occupant co-borrowers. HUD, the parent of FHA, implements FHA…
Predatory Lending Laws And Unfair Credit Practices
In this mortgage guide in Gustan Cho Associates we will cover what predatory lending laws are. Predatory Lending is the…
Title Insurance Protection Is Required By All Lenders
In this article, we will cover and discuss title insurance protection that is required by all mortgage lenders. We will…
Role of a Mortgage Underwriter
In this blog, we will cover and discuss the role of a mortgage underwriter during the mortgage loan application and…
Buying A Home In A Sellers Market With Bad Credit
In this guide on buying a home in a sellers market with bad credit, we will show our viewers and…
Maryland FHA Lenders For Homebuyers With Bad Credit
Not all Maryland FHA Lenders have the same lending requirements on FHA loans. There are two different types of guidelines…
How To Get Mortgage With Bad Credit and Low Credit Scores
In this article, we will cover how to get mortgage with bad credit lenders with no overlays. Many borrowers have…
