FHA and Conforming High-Balance Mortgage Loans
Traversing the landscape of mortgage loans can be an intricate voyage, presenting many options tailored to meet diverse financial requirements….
What Is PMI on Conventional Loans
This guide covers what is PMI on conventional loans. What Is PMI? One of the most common questions I often…
Using 401k To Purchase Home Down Payment
Many homebuyers have substantial value on their 401k. They can use up to 60% of the value of their 401k for their down payment and/or closing costs on their home purchase. The amount used from their 401k is not used for their debt to income ratio calculations.
Housing Demand Strong Despite Highest Mortgage Rates
This guide covers housing demand strong despite highest mortgage rates and surging inflation numbers. Home sales throughout the United States…
Correspondent Lending Versus Mortgage Brokers
This blog aims to explore the difference between correspondent lending and mortgage brokers. A common inquiry we receive regularly pertains…
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 To Get Approved For a Home Mortgage With Bad Credit
This guide covers qualifying for a home mortgage with bad credit. One of the frequently asked questions by our clients…
Changes In FHA Guidelines For First Time Home Buyers
This article discusses the changes in FHA guidelines that are particularly relevant to first-time home buyers. The Federal Housing Administration…
How Do I Qualify For Private Money Loan To Invest in Real Estate
This guide covers the frequently asked question how do I qualify for private money loan to invest in real estate….
Business Cash-Flow Analysis For Self-Employed Wage Earners
This guide covers business cash-flow analysis for self-employed wage earners. Positive business cash-flow analysis is critical to effectively managing every…
Solutions To High Debt To Income Ratios On Home Purchase
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.
Recent Late Payment VA Guidelines And Late Payments After Bankruptcy
VA home loans are ideal for primary residences, offering 100% financing with no down payment required for those who qualify,…
NON-QM Cash-Out Debt Consolidation Refinance With 90% LTV
This Article Is About NON-QM Cash-Out Debt Consolidation Refinance With 90% LTV. The housing market is hot despite rising mortgage…
Freddie Mac HomeOne Mortgage Loan Program
In this blog, we will cover the Freddie Mac HomeOne Mortgage Loan Program. Fannie Mae and Freddie Mac are the…
HUD Reserve Requirements and Guidelines on FHA Loans
HUD reserve requirements mandate maintaining reserves in specific scenarios, and it’s prudent for homeowners to voluntarily set aside funds for…
How To Get Your Ex-Spouse Off Your Mortgage After a Divorce
In this blog post, we’ll explore how to remove your ex-spouse from your mortgage following a divorce. Despite the overall…
Qualifying For The Lowest FHA Mortgage Rates on FHA Loans
This guide covers qualifying for the lowest FHA mortgage rates on FHA loans. Qualifying for the lowest FHA mortgage rates…
Financing Home Purchase With Illegal Apartment In Chicago
When considering Home Purchase With Illegal Apartment in Chicago, prospective buyers have access to various financing options through government and…
Factors Affect Pre-Approval And Stress During Mortgage Process
This article explores the Factors Affect Pre-Approval And Stress During Mortgage Process. Once individuals decide to purchase a home, the…
Purchase and Refinance Jumbo Loan Mortgage Options
This guide covers home purchase and refinance Jumbo loan mortgage loan options. There are traditional and non-qm jumbo loans for…
Property Homeowners Insurance is Required By Lenders
Brent Norkus, an insurance agent for Goosehead Insurance covers property homeowners insurance in this extensive guide. Property homeowners insurance is…
Mortgage Loan Options With Bad Credit After Bankruptcy
This guide covers mortgage loan options with bad credit after bankruptcy on home purchase and refinance loans. One of the…
