Commission-Income Mortgage Guidelines
Mortgage lenders must adhere to the Ability to Repay (ATR) rule when underwriting. That means they must make sure that borrowers can afford the loan before they approve it.
Fannie Mae-Freddie Mac Charge-Off Guidelines On Conventional Loans
This blog post will explore the Fannie Mae-Freddie Mac charge-off guidelines applicable to conventional loans. Gustan Cho Associates has recently…
QC Review Prior Clear To Close During Mortgage Process
In this blog, we will be covering the QC Review Prior Clear To Close During Mortgage Process by some mortgage…
HUD Guidelines For Gift Funds on FHA Loans
This article will delve into the HUD guidelines for gift funds in the context of home purchase transactions involving Federal…
What Happens If Homeowners Have Job Loss After Mortgage Closing
This article delves into the implications and potential challenges homeowners may face in the unfortunate event of a job loss…
Mortgage During and After Divorce on Purchase and Refinance
In this blog, we will cover and discuss qualifying for a mortgage during and after divorce on purchase and refinance…
Manual Underwriting | Mortgage After Bankruptcy and Foreclosure | Mortgage Processing And Underwriting | Videos
Chapter 13 Cash-Out Refinance Guidelines During Repayment
According to VA and HUD Chapter 13 cash-out refinance guidelines, homeowners may be eligible for a cash-out refinance on an…
Part-Time Income To Full-Time Income Mortgage Guidelines
There are strict rules regarding the part-time income to full-time income mortgage guidelines. For part-time income to be used, borrowers…
What is an FHA Case Number on FHA Home Loans
This blog will cover and discuss the FHA case number on new FHA mortgage applications. We will also discuss transfers…
Jumbo Loan vs Conventional Loan Comparison | Rates and LTV
In this article, we will cover and discuss the comparison between jumbo loan vs conventional loan programs and the…
FHA Debt-To-Income Ratio Requirements
This blog will cover FHA debt-to-income ratio requirements for FHA loans. Just because borrowers meet all the HUD Agency Mortgage…
Is Timeshare Foreclosure Considered Mortgage Foreclosure?
Is Timeshare Foreclosure Considered Mortgage Foreclosure? Regarding timeshare foreclosure versus house foreclosure, there are some important differences to keep in…
FHA Loans | High Debt To Income Ratio | Mortgage Lender Overlays | Mortgage Processing And Underwriting | Videos
Overlays on Debt To Income Ratio on FHA Loans
This guide covers overlays on debt-to-income ratio on FHA loans. Homebuyers who got issued pre-approval from a mortgage loan originator…
Eliminating FHA Mortgage Insurance Premium
This guide covers eliminating FHA mortgage insurance premium by refinancing FNMA. Borrowers taking out an FHA insurance mortgage loan, besides…
Bad Credit Mortgages | Home Purchase | Mortgage Processing And Underwriting | Qualifying & Getting Pre-approved | Real Estate Topic | Videos
Kentucky Housing Market Heats Up As Lenders Ease Guidelines
Kentucky’s economy is booming, especially the housing market. Many individual taxpayers and businesses are making Kentucky their home due to low state taxes and affordable housing and low property taxes. Homebuyers are finding home priced reasonably and home prices are beginning to creep up.
Non-QM Down Payment Guidelines on Home Purchase
This guide covers non-QM down payment guidelines on home purchase. Non-QM down payment guidelines on home purchase for homebuyers on…
Mortgage Waiting Period Guidelines After Bankruptcy Dismissal
In this article, we will cover and discuss when you can get a mortgage approval after bankruptcy dismissal. There are…
How To Negotiate a Home Purchase Prior To Signing Contract
This guide covers how to negotiate a home purchase prior to signing a contract. How to negotiate a home purchase…
Conventional Loan Waiting Period After Deed-in-Lieu
The conventional loan waiting period after deed-in-lieu of foreclosure and short sale of four years is shorter than the 7-year…
Investor Cash-Flow Mortgage For Investment Properties
This guide covers investor cash-flow mortgage for investment properties. Gustan Cho Associates now offers investor cash-flow loan programs on investment…
Mortgage Guidelines After Bankruptcy on Home Purchase
In this blog, we will cover and discuss the mortgage guidelines after bankruptcy on home purchases and refinance transactions. There…
Lender Overlays on Credit Tradelines By Underwriters
This guide covers lender overlays on credit tradelines by mortgage underwriters. Do all mortgage companies have lender overlays on credit…
