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ByGustan Cho
Posted on
This guide covers home loan programs after bankruptcy and foreclosure. There are various home loan programs after bankruptcy and foreclosure. However, all home loan programs after bankruptcy and foreclosure have waiting period requirements, except non-QM loans. HUD has announced that the waiting period for those who have filed for bankruptcy has been trimmed from the…
ByGustan Cho
Posted on
This guide covers the frequently asked question: do all lenders have the same guidelines on VA loans? One of the most common questions the team at Gustan Cho Associates gets daily is: Do all lenders have The same guidelines on VA loans? The simple answer to this question is no. Not all lenders have the…
ByGustan Cho
Posted on
This guide covers buying a home with a well and septic versus public water and sewer. Buying a home with a well and septic compared to public water and sewer is often the case when buying a home in a rural area. The coronavirus pandemic has changed the way we work. Many companies are changing…
ByGustan Cho
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This guide covers solutions for when things go wrong during the mortgage process. The mortgage process can be very stressful. This holds especially for borrowers with credit issues or higher debt-to-income ratios. Every mortgage loan application is different from the next. Some mortgage files can be tricky. The most important phase is the pre-approval stage…
ByAlex Carlucci
Posted on
This blog covers the best Arizona mortgage lenders for bad credit with low FICO credit scores. It is an important question for anyone who is a first-time homebuyer or refinancing a home in Arizona to understand if they can afford an Arizona mortgage loan. Not all mortgage lenders in Arizona have the same guidelines for…
ByGustan Cho
Posted on
This guide details the steps of the home mortgage process, from pre-approval to closing. Taking the proper steps of the home mortgage process is necessary to avoid stress and to close on time. The most important steps of the home mortgage process are the qualification and pre-approval steps. The number one reason for stress during…
ByGustan Cho
Posted on
This article is about buying a foreclosed home for first-time homebuyers. Buying a foreclosed home is not always a deal. Many home buyers believe that buying a foreclosed home is always a deal. There are times when homebuyers can get a good deal. Many lenders who list foreclosed homes normally do their homework before listing…
ByGustan Cho
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This guide covers qualifying and getting approved for a mortgage for self-employed versus W-2 borrowers. Qualifying for a mortgage for self-employed versus W-2 borrowers has become much easier this year. This is due to the emergence of bank statement mortgage loans for self-employed borrowers. Non-QM loans are now back. In the following paragraphs, we will…
ByMargarett Jurilla
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This guide covers removing judgments off credit report to qualify for and get approved for a mortgage. Borrowers can qualify and get approved for a mortgage with judgments, and tax Liens are the worst derogatory items consumers can have on credit reports. Lenders will not just go off consumer credit reports but will also do…
ByAlex Carlucci
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In this blog, we will cover what no-ratio mortgage loans are. We will discuss how no-ratio mortgage loans work and what types of borrowers benefit from no-ratio mortgage loans. No-ratio mortgage loans are a type of non-QM loan where the lender does not factor in the borrower’s income. No-ratio mortgage loans mean the debt-to-income ratio…
ByAlex Carlucci
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This blog will discuss and cover the types of jumbo mortgage loan programs available at Gustan Cho Associates for homebuyers. Gustan Cho Associates has several types of jumbo mortgage loan programs available. There are prime and nonprime types of jumbo mortgage loan options. If you have been paying attention to the news, you know home…
ByGustan Cho
Posted on
This guide covers getting more house for your money with low property taxes. Getting more house for your money is possible. Getting more house for your money for homebuyers can be done by getting a home with lower property taxes. Property taxes vary widely from state to state and county to county. New Jersey has…
ByApril Ramirez
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This guide covers an overview of the best online payday loans. The best online payday loans can instantly get your money when needed. Deciding on which online loan service is the best depends on your current situation. Payday loans, also known as cash advance loans, paycheck loans, or payday advances, are short-term, high-interest loans typically…
ByGustan Cho
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This guide covers how the VA mortgage process work for homebuyers. How the VA mortgage process work? VA loans are the best mortgage loan program for owner-occupant homes. The Department of Veterans Affairs (VA) is the federal agency in charge of VA loans. There are no down payment requirements on VA loans. Lenders offer 100%…
ByMike Gracz
Posted on
Freddie Mac’s CHOICERenovation mortgage might be the best home improvement loan for larger renovation projects. You can use a Freddie Mac CHOICERenovation home to purchase or refinance a home.
ByAlex Carlucci
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This guide covers refinancing home loans with low rates. Thousands of homeowners were ready to refinance their mortgage loans last year when mortgage rates were in the mid-3.0% % from 2017 through 2020. Rates have skyrocketed to over 7.0%. It is not whether rates will drop but when they will. Maybe mortgage rates will not…
ByAlex Carlucci
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This guide covers skyrocketing home prices due to the housing shortage facing homebuyers. The U.S. is facing a severe housing shortage of homebuyers and skyrocketing prices. The housing market was booming before the coronavirus outbreak in February 2020. All states had governors exercise their executive stay-at-home orders and were shut down. Under the watch of…
ByGustan Cho
Posted on
This guide covers qualifying for a home loan after multiple foreclosures. Homebuyers can qualify for a home loan after foreclosure. There are waiting periods after foreclosure that are mandatory for every mortgage loan program. For example, there is a mandatory waiting period of three years from the recorded foreclosure date to qualify for an FHA…
ByGustan Cho
Posted on
This guide covers buying a house after bankruptcy discharge date. Buying a house after bankruptcy is possible. Many homebuyers think that bankruptcy is the end of the world when it comes to obtaining credit, especially a mortgage. This is not true. Many people have credit scores higher than 700 FICO less than a year before…
ByAlex Carlucci
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This article covers HomeReady versus Home Possible mortgage guidelines. Many homebuyers contact us at Gustan Cho Associates and want to know the difference between HomeReady versus Home Possible. HomeReady conventional loans are offered by Fannie Mae. Freddie Mac offers Home Possible conventional loans. There is no major difference between Fannie Mae’s HomeReady and Home Possible….
ByGustan Cho
Posted on
This guide covers the mortgage process timeline from mortgage loan application to closing. There is a mortgage process timeline. The mortgage process timeline is a process. There are steps in the mortgage process. Once you have decided to get a mortgage, whether it is a home purchase or refinancing your current home, there are several stages…
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