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ByJohn Strange
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This guide covers down payment assistance with CHENOA DPA EDGE PROGRAM. Down payment assistance program can be forgiveable or non-forgiveable. Down payment assistance program can be a monetary grant, assistance, loan, or fund for first-time homebuyers. Part of the American Dream is being able to own a home. The American dream is a term we…
ByGustan Cho
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This guide covers qualifying for a home mortgage with bad credit. One of the frequently asked questions by our clients at Gustan Cho Associates is, what is bad credit in mortgage terms? What does it mean to have bad credit? Bad credit, in general, can have a lot of meanings. Bad credit mortgage loans are…
ByAnngelli Abenes
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This article discusses the changes in FHA guidelines that are particularly relevant to first-time home buyers. The Federal Housing Administration (FHA), which operates under the oversight of the United States Department of Housing and Urban Development (HUD), sets the guidelines for FHA mortgage lending. The FHA itself does not serve as a lender but instead…
ByJohn Strange
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This guide covers the frequently asked question how do I qualify for private money loan to invest in real estate. We will thoroughly go over how to qualify for private money loan for investment real estate properties. The most important step is to know the general rules is most private and hard money lenders use…
ByDale Elenteny
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This guide covers business cash-flow analysis for self-employed wage earners. Positive business cash-flow analysis is critical to effectively managing every business. Particularly for small business, having less access to cash is problematic. Future forecasting can help you determine what your cash flow is going to look like down the road so you can plan for…
ByDale Elenteny
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This guide covers shopping for best mortgage rates in California on home purchase and refinance home loans. California is the nation’s most populous state. Many counties in the state of California is classified as high-cost areas. FHA, VA, and Conventional loan limits are substantially higher than other parts of the country on high-cost areas. California…
ByAnngelli Abenes
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Gustan Cho Associates has no lender overlays on debt to income ratio on government and conventional loans. We just go off the agency caps on debt to income ratio no government and conventional loans.
ByGustan Cho
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VA home loans are ideal for primary residences, offering 100% financing with no down payment required for those who qualify, including active and retired U.S. Armed Forces members and eligible surviving spouses. The key to accessing these benefits is obtaining a Certificate of Eligibility (COE), which confirms eligibility for the VA’s loan program. The VA…
ByMike Gracz
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This Article Is About NON-QM Cash-Out Debt Consolidation Refinance With 90% LTV. The housing market is hot despite rising mortgage rates. Nationwide, home prices have been steadily increasing year after year since 2010. Most of Florida, Texas, Georgia, California, Colorado, New Jersey, Indiana, Pennsylvania, Kentucky, Mississippi, Michigan, Illinois have seen home values increase double digits….
ByAlex Carlucci
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In this blog, we will cover the Freddie Mac HomeOne Mortgage Loan Program. Fannie Mae and Freddie Mac are the two government-sponsored enterprises (GSE). Freddie Mac and Fannie Mac sets the guidelines and lending requirements for conventional loans. The role of Fannie Mae and Freddie Mac is to provide market stability and liquidity by purchasing…
ByAnngelli Abenes
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HUD reserve requirements mandate maintaining reserves in specific scenarios, and it’s prudent for homeowners to voluntarily set aside funds for emergencies. Unlike renters who can seek help from their landlord for repairs, homeowners are responsible for maintenance costs. Major system failures like HVAC, electrical, or plumbing can be expensive, often requiring hundreds to thousands of…
ByAnngelli Abenes
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In this blog post, we’ll explore how to remove your ex-spouse from your mortgage following a divorce. Despite the overall decline in divorce rates over the past decade—with current rates at 44.2%, slightly below 50% according to the U.S. Census—divorce remains a common reality. For every 6.1 marriages, approximately 2.7 end in divorce. It’s typical…
ByGustan Cho
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This guide covers qualifying for the lowest FHA mortgage rates on FHA loans. Qualifying for the lowest FHA mortgage rates is every borrowers goal. There are ways to prepare for a mortgage a few months before actually applying for a home loan. Not everyone gets the same mortgage rates on FHA loans. Mortgage lenders will…
ByGustan Cho
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When considering Home Purchase With Illegal Apartment in Chicago, prospective buyers have access to various financing options through government and conventional lending programs. FHA loans require a minimal down payment of just 3.5% for owner-occupied two to four-unit properties. The VA provides an attractive 100% financing option for these multi-unit homes, targeting veterans. On the…
ByGustan Cho
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This article explores the Factors Affect Pre-Approval And Stress During Mortgage Process. Once individuals decide to purchase a home, the subsequent step is qualifying for a home loan. Prospective buyers must assess the required down payment and closing costs and determine their eligibility for a loan. Homebuyers must undergo the qualification process and obtain a…
ByAlex Carlucci
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This guide covers home purchase and refinance Jumbo loan mortgage loan options. There are traditional and non-qm jumbo loans for owner-occupant homes, second homes, and investment homes. Many self-employed homebuyers of higher-end homes can afford a high-balalnce jumbo mortgage loan, however, do not qualify due to the hefty write off on their income tax returns….
ByBrent Norkus
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Brent Norkus, an insurance agent for Goosehead Insurance covers property homeowners insurance in this extensive guide. Property homeowners insurance is mandatory on all homes that are mortgaged with lenders. Lenders require homeowners insurance in the event the property gets damaged due to fire or other hazards. The home is the lender’s collateral and needs to…
ByGustan Cho
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This guide covers mortgage loan options with bad credit after bankruptcy on home purchase and refinance loans. One of the frequently asked questions from our viewers is can I qualify and get approved for a mortgage with bad credit after bankruptcy? The answer is yes. Depends on the mortgage loan program and the down payment….
ByGustan Cho
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This guide covers the right of rescission mortgage guidelines on refinances. As we have seen interest rates drop over the past month and a half, we have seen a rise in refinance mortgage transactions. Thousands of Americans are taking advantage of the temporary rate decrease the FEDERAL RESERVE has put in place. It is no…
ByRonda Butts
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FHA loans bad credit Georgia mortgage requirements and guidelines make FHA home mortgages the most popular loan program for first-time homebuyers, borrowers with credit scores down to 500 FICO, and homebuyers with high-debt to income ratios. HUD, the parent of FHA, is the federal government agency in charge of the administration of FHA loans. Alex…
ByGustan Cho
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This guide covers credit score guidelines versus overlays by mortgage lenders. There are two types of credit score requirements to get approved for a mortgage. There is the agency credit score guidelines by HUD, VA, USDA, Fannie Mae and Freddie Mac. The second credit score guidelines is from the individual mortgage lender. Many borrowers are…
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