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ByAlex Carlucci
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BREAKING NEWS: Chicago Riots Causing Exodus Of Businesses And Taxpayers The recent Chicago Riots are causing countless businesses to call it quits in Chicago. Not only are businesses fleeing the city, but individual taxpayers had enough with Chicago Chicago, under the leadership of rookie freshman Mayor Lori Lightfoot, is deteriorating fast Chicago is the highest…
ByAlex Carlucci
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BREAKING NEWS: Lightfoot Increasing Taxes Despite Mass Exodus Of Chicagoans The news of Mayor Lori Lightfoot Increasing Taxes has not just skyrocketed individual taxpayers leaving Chicago, but a large percentage of small business owners are planning on leaving as well. Under the leadership of Mayor Lori Lightfoot, Chicago has deteriorated like never before Chicago murder…
ByAlex Carlucci
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BREAKING NEWS: Second Stimulus Package Signed By Executive Order By Trump The Second Stimulus Package Signed By Executive Order By Trump has set off Democrats like never before. Pelosi, Schumer, and dozens of higher-level Democrats were in negotiations with Republicans over reaching a deal with the second stimulus package over the past couple of weeks…
ByAlex Carlucci
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In this article, we will cover the breaking news on Illinois public corruption costing Illinois taxpayers at least $550M per year. Illinois Public Corruption has been a major issue over the decades. There is no slowdown in corrupt politicians getting investigated, indicted, arrested, and sentenced to prison terms. It took no longer than four months…
ByGustan Cho
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This Article Is On Mortgage After Deed In Lieu In California Home buyers can now qualify for mortgage after deed in lieu in California after the mandatory waiting period depending on the mortgage loan program. California is one of the states in the nation with the highest foreclosure rates. Californians were hurt hard by the…
ByAlex Carlucci
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This Article On Florida Attorney Carl Williams: Five-Star Litigation Lawyer You Should Know It is my great pleasure and honor to introduce all of our viewers to my dear friend and the best attorney I know, Attorney Carl Williams as a guest legal writer for Gustan Cho Associates commercial and residential mortgage information center. I…
ByGustan Cho
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This Article On FHA Loan With Unpaid Collections Florida Home Buyers with bad credit and lower credit scores can qualify for FHA Loan With Unpaid Collections. Borrowers of FHA Loans do not have to pay outstanding collection accounts and charge off accounts as long as the lender they consult with has no FHA Lender Overlays…
ByGustan Cho
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This Article On Bankruptcy Alternatives & How Bankruptcy Affects Mortgage Qualification Many who have extenuating circumstances such as job loss, business loss, medical issues, or divorce fall behind on their debts. Once consumers fall behind on their debts due to loss of income, it is very difficult to catch up. Many who are behind on…
ByAlex Carlucci
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BREAKING NEWS: Progressive Tax Could Affect 47 Percent Of Illinois Business Owners Governor JB Pritzker’s Progressive Tax Could Affect 47 Percent Of Illinois Business Owners. Illinois is in a financial crisis like never before The U.S. economy was booming prior to the coronavirus pandemic Many states such as Florida, Texas, Georgia, Tennessee, and dozen of…
ByGustan Cho
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This BLOG On Adding Yourself To Another Bank Account To Qualify For Mortgage Was UPDATED And PUBLISHED On June 25th, 2020 One of the requirements borrowers need to provide lenders is two months’ bank statements as part of the documents that are required. Lenders will carefully analyze 60 days of bank statements when processing and…
ByGustan Cho
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This ARTICLE On Do All Lenders Have The Same Collections And Charge Off Guidelines Was PUBLISHED On June 21st, 2020 One of the most common questions asked by borrowers is Do All Lenders Have The Same Collections And Charge Off Guidelines. Over 75% of our borrowers at Gustan Cho Associates are folks who have been…
ByAlex Carlucci
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This BLOG On New Changes In Home Buying Process And How It Affects Mortgages Was PUBLISHED On June 17th, 2020 The Consumer Financial Protection Bureau, also known by many as the CFPB, has implemented new changes in the home buying process which took effect on October 3, 2015. The new changes in home buying process…
ByGustan Cho
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This BLOG On Mortgage With Marginal Credit Scores And Bad Credit Guidelines Was UPDATED On August 9th, 2018 Applying for a mortgage with marginal credit scores can be extremely risky. Every mortgage loan program has minimum credit score requirements Most lenders have overlays A lender credit score requirements may be higher than the minimum federal mortgage…
ByAlex Carlucci
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This article On 5 Signs Bitcoin Is Going Mainstream In Today’s Financial Markets Was PUBLISHED On June 11th, 2020 Almost a decade ago, when cryptocurrency was introduced, many were skeptical of it. Bitcoin especially, being one of the earliest cryptocurrencies to be issued, faced many controversies – some of which even prevailing to this day. Isn’t…
ByGustan Cho
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BREAKING NEWS: Emergency Relief Screw-Up Affects Student Loan Borrowers Emergency Relief Screw-Up Affects over credit reports of more than 5 million student loan borrowers. One of the biggest hurdles in qualifying for a mortgage for homebuyers are student loans Most student loans are federally-backed student loans Many homebuyers often encounter hurdles and issues when qualifying…
ByAlex Carlucci
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BREAKING NEWS: Illinois Is The Only State Shutdown And Not Reopened Illinois Is The Only State Shutdown and both small businesses and workers are hurting. Many states like Georgia, Texas, Florida have reopened close to three weeks ago Illinois rookie freshman Governor JB Pritzker has extended his original stay at home executive order for several…
ByGustan Cho
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This BLOG On FHA Loan Guidelines On Bad Credit And Credit Scores Was UPDATED And PUBLISHED On May 6th, 2020 FHA Loan Guidelines Explained: FHA Loan Guidelines are the requirements and standards set by the Federal Housing Administration, commonly known as FHA, for FHA approved lenders to follow: Lenders need to follow FHA Loan Guidelines…
ByAlex Carlucci
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BREAKING NEWS: Coronavirus Threatening Mortgage Industry for homebuyers and homeowners. Coronavirus outbreak is threatening mortgage industry for borrowers buying and refinancing their homes. The coronavirus pandemic crisis has hit home hard. The US economy is in shambles. The US economy was rock solid prior to the pandemic. In February 2020, the Dow Jones Industrial Average…
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…
ByGustan Cho
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BREAKING NEWS: VA Loans During Coronavirus Pandemic Mortgage Crisis The US economy is at a standstill as we speak due to the coronavirus pandemic that hit the nation. Prior to the pandemic, the US economy was the strongest it has been in the history of the United States Unemployment hit an all-time historic low at…
ByGustan Cho
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This article is about Conventional Loan 101 For New Loan Officers And Borrowers I like to congratulate those who recently took the NMLS Exam And Passed it. Now the fun part of becoming a loan officer starts The NMLS exam is a tough 3 hour 125 question national test The only way and best way candidates…
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