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ByAlex Carlucci
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In this article, we will discuss and cover the rising mortgage rates in hot housing market for homebuyers with skyrocketing home prices. Since Joe Biden took office, inflation has gone through the roof. Home prices are out of control. The ten-year treasuries are nearing 3.00% which is unheard of. The Dow Jones Industrial Average is…
ByAlex Carlucci
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In this blog, we will cover and discuss USDA loans after Chapter 7 Bankruptcy Mortgage Guidelines for first-time homebuyers. USDA lending guidelines for first-time homebuyers allow buyers to purchase a home with no money down and 100% financing. Per USDA Lending Guidelines, not all areas are eligible for USDA loans. The U.S. Department of Rural…
ByGustan Cho
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In this blog, we will discuss and cover FHA streamline refinance Connecticut with no appraisal and no income docs required. FHA Streamline Refinance Connecticut is when a homeowner with a current FHA home loan refinances with a new FHA loan. HUD, the parent of FHA, does not require homeowners with an FHA loan to get…
ByDale Elenteny
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In this article, we will cover and discuss helping your realtor and lender help you with a home purchase. I know sometimes it can be hard finding the right Realtor. I also know that once you have made that decision, there are some tips that can make your Home Buying Partnership more successful. Helping your…
ByMike Gracz
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In this blog, we will cover and discuss online mortgage application leading to clear to close. The mortgage application process has changed over the years. There was a time when borrowers met mortgage loan officers face to face. Borrowers either met their loan officers at the mortgage company or the mortgage loan originator visited their…
ByGustan Cho
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In this article, we will cover and discuss FHA streamline refinance Utah mortgage guidelines. Gustan Cho Associates, Empowered by NEXA Mortgage, LLC, is a mortgage broker licensed in 48 states. We have wholesale lending relationships with over 160 wholesale mortgage lenders. Most of our wholesale lenders on government and conventional loans have no mortgage overlays…
ByGustan Cho
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In this article, we will discuss and cover refinance mortgage rates pricing adjustments, and volatility. Refinance Mortgage Rates hit a three-year high this week. Rates hit a historic low of 2.25% on a 30-year fixed-rate mortgage earlier this year. Mortgage rates skyrocketed to a three-year high of 5.25% this week. Since the beginning of the…
ByGustan Cho
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In this article, we will cover and discuss how do mortgage underwriters view assets for down payment on home purchases. Borrowers must have sufficient cash to cover the required minimum down payment on their home purchase. However, How Do Mortgage Underwriters View Assets? All assets used for the down payment and closing costs need to…
ByGustan Cho
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In this blog, we will cover and discuss government mortgages for owner-occupant homebuyers. We will go in-depth about what government mortgages are and the lending requirements. Government-backed loans are owner-occupant primary home mortgages originated by private lenders like banks, mortgage brokers, and mortgage bankers but backed by a federal government agency. Why Are Government-Backed Loans…
ByGustan Cho
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Homebuyers should take time and ask as many questions as possible prior to the homebuying process. This holds especially true even if they are purchasing the home cash.
ByMike Gracz
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In this blog, we will cover and discuss what are conventional loans or conforming mortgages and their benefits. Many home buyers often are not familiar with the various different mortgage options they have to choose from. However, which mortgage option is the best for them? One of the most common frequently asked questions we get…
ByMike Gracz
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In this blog, we will cover and discuss VA loan limits on how much home you can buy with a VA loan. VA loans no longer have maximum VA loan limits. Before 2010, VA loan limits used to depend on where the property is located and the type of property the borrower is financing. In…
ByMike Gracz
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In this article, we will cover and discuss homes for heroes mortgage for firefighters and police officers. Gustan Cho Associates are excited to roll out our participation in the Homes For Heroes Real Estate Network. This Network is consisting of Realtors, loan officers, title companies, and inspectors to create discounts for the heroes that make…
ByGustan Cho
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In this blog, we will cover and discuss qualifying for VA loans by Wisconsin VA mortgage lenders with no lender overlays. Gustan Cho Associates, empowered by NEXA Mortgage, LLC NMLS 1660690 has a large presence in Wisconsin. Gustan Cho Associates empowered by NEXA Mortgage, LLC is licensed in 48 states, including Wisconsin, and is based…
ByMike Gracz
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In this blog, we will cover and discuss VA New Construction to Permanent One-Time Close Mortgages. VA New Construction To Permanent Guidelines at Gustan Cho Associates empowered by NEXA Mortgage, LLC now allows home buyers to purchase a VA New Construction home on VA Loans. We will finance the lot, construction costs, and the end…
ByGustan Cho
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In this blog, we will discuss and cover second home versus investment home financing. For homeowners who currently own a primary residence, they can possibly qualify for a second home on their next home purchase. A second home can be a vacation home in a resort area or just a regular condominium or single-family home….
ByAlex Carlucci
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In this blog, we will cover and discuss tax settlement for borrowers who have tax liens. With the advent of TurboTax, mostly everyone can become a do-it-yourself tax preparer. But as we all know, with any do-it-yourself project, there are sometimes mishaps or consequences of not being fully informed or prepared. Most people can do…
ByGustan Cho
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In this blog, we will cover and discuss how online mortgage shopping changed mortgage lending. The Greatest Benefits Of Online Mortgage Shopping Is Time Management: Being More Efficient. We are used to getting what we want and getting it now. The world is at our fingertips. If we want information, we want it now. Anything…
ByGustan Cho
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In this blog, we will cover and discuss turning an owner-occupied to investment home. The exiting home will turn into a rental investment home. By doing so, buying a new primary residence home will not be stressful due to rental income coming in from the exiting home. There are cases where a homeowner with an…
ByDale Elenteny
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In this article, we will cover and discuss changing jobs until finding the perfect career. In my 12+ years of being in the workforce, I have changed jobs 7 times and am currently working for my 8th job. Now before you jump to any conclusions, I am justified in my logic of why doing most…
ByMike Gracz
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In this blog, we will cover and discuss buying condominium versus single-family homes. Are you looking to buy a condo? Condominiums are becoming increasingly popular today than ever before due to many reasons Many seniors who own single-family homes are downsizing to condominiums due to maintenance issues. Millennial homebuyers are finding more interest in buying…
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