Call or Text: (800) 900-8569
Email Us: alex@gustancho.com
ByDale Elenteny
Posted on
In this blog, we will discuss and cover the recorded date in foreclosure versus the surrender date of the home. Borrowers can qualify for a mortgage after a housing event. There are three different types of housing events: Foreclosure Deed in lieu of foreclosure Short sale There is a waiting period after bankruptcy, foreclosure, deed…
ByDale Elenteny
Posted on
In this blog, we will discuss and cover how The team at Gustan Cho Associates has a mortgage program in closing home loan in 21 days or less. Both purchase and refinance transactions can be closed in 21 days or less at Gustan Cho Associates. There are multiple steps in the mortgage process which include…
ByDale Elenteny
Posted on
In this blog, we will discuss and cover qualifying for a home loan with recent late payments. For borrowers seeking to try to qualify for a home loan with recent late payments, an FHA loan is the best route to take. FHA loans have extremely loose lending guidelines when it comes to prior bad credit….
ByAlex Carlucci
Posted on
In this blog, we will cover and discuss the teamwork at The Gustan Cho Team at Gustan Cho Associates. All places of work have different types of employees, all bringing their own strengths and weaknesses. As leaders, we try and select employees who bring the highest skill level to their respective responsibilities. But also try…
ByGustan Cho
Posted on
In this blog, we will discuss and cover if you can get pre-approved in one hour on a home mortgage. The qualification and pre-approval step of the mortgage process is the most important step. One of the major reasons for stress during the mortgage process or a last-minute mortgage denial is due to the loan…
ByMike Gracz
Posted on
Gustan Cho Associates are always expanding the mortgage programs we offer to our clients such as our new all-in-one mortgage loan program. We are happy to announce the rollout of a brand-new mortgage loan that is unlike any product we have offered in the past. In this blog, we will detail our newest program available…
ByGustan Cho
Posted on
In this blog, we will discuss and cover on tricks and tips in getting one day mortgage loan approval. The mortgage process does not have to stressful if the borrower is properly qualified. There are many mortgage loan applicants who get issued a pre-approval letter within 30 minutes once they contact a loan officer. Properly…
ByAlex Carlucci
Posted on
Homebuyers in Kansas with prior credit issues can now qualify for bad credit mortgage loans Kansas with credit scores as low as 500 FICO. The housing market in Kansas is booming. The Kansas bullish housing market is forecasted to continue to be strong for the next several years despite the rising inflation, coronavirus vaccine mandates…
ByAlex Carlucci
Posted on
In this blog, we will discuss and cover how Gustan Cho Associates has been named top places to work by Loan Consultants. Loan Consultants named Gustan Cho Associates as the number one winner of the 2022 Top Places To Work. Close to 150 mortgage companies were contenders in Loan Consultants.Org Journal Best Places To Work….
ByMike Gracz
Posted on
The major mortgage agencies like HUD, the parent of the Federal Housing Administration (FHA), Fannie Mae, and Freddie Mac look at thousands of data points to create new loan programs available to homebuyers (and current owners looking for a refinance transaction). One of the main data points they have looked at lately is, who are…
ByMike Gracz
Posted on
In this blog, we will discuss and cover how home prices skyrocket to record highs pricng homebuyers out of the housing market. If you are in the market to buy a home or already in your home, you probably know home values are sky-high right now. In this blog, we will detail the driving factors…
ByMike Gracz
Posted on
In this blog, we will discuss and cover jumbo loans with low down payment and bad credit on home purchases. Jumbo loans with low down payment and bad credit are starting to make a comeback across the United States. Since these are not agency loans, requirements and guidelines vary from lender to lender. An agency…
ByAlex Carlucci
Posted on
In this blog, we will discuss and cover Fannie Mae Guidelines on mortgage after foreclosure on conventional loans. Fannie Mae and Freddie Mac are the two mortgage giants that set conventional mortgage requirements. Conventional Loans are also called conforming loans because they need to conform to Fannie Mae and/or Freddie Mac Guidelines. Government Loans are…
ByGustan Cho
Posted on
In this blog, we will discuss and cover HUD guidelines on student loans versus other mortgage programs. The Federal Housing Administration, FHA, has changed the HUD guidelines on student loans. HUD, the parent of FHA is excluding deferred student loan payments that have been deferred for more than 12 months from the calculations of debt…
ByGustan Cho
Posted on
In this article, we will discuss and cover conventional loan after short sale mortgage guidelines. Fannie Mae and Freddie Mac are the two mortgage giants that set conventional mortgage guidelines. Conventional Loans are called Conforming Loans because they need to conform to Fannie/Freddie Mortgage Guidelines. Waiting Period After Housing Event on conforming loans is different…
ByGustan Cho
Posted on
In this blog, we will discuss and cover VA loans for first-time home buyers with no lender overlays. The United States Department of Veteran Affairs (VA) has very lenient mortgage guidelines on VA Loans For First Time Veteran Home Buyers. Getting able to qualify for VA loans for first-time veteran home buyers is a privilege…
ByMike Gracz
Posted on
Is Now A Good Time For Buying A House With Rising Mortgage Rates? Gustan Cho Associates have been following the mortgage market closely. There has been quite a bit of news surrounding the key financial sectors of the United States economy including the housing market in recent weeks. Since the housing market is a major…
ByGustan Cho
Posted on
FHA Streamline Refinance California is a fast-track refinance mortgage loan program for California homeowners with a current FHA loan. They can refinance their current FHA Loan into another FHA loan at a lower mortgage rate to lower their mortgage rates. Doing so will get them a reduction in their monthly mortgage payments. By refinancing their…
ByMike Gracz
Posted on
Virginia VA Loan Requirements has the most lenient mortgage guidelines versus any other loan program in the nation. VA loans is the mortgage loan of choice but is only limited to active and/or retired members of the U.S. Military with a valid certificate of eligibility. There is no down payment requirement and no annual mortgage…
ByAlex Carlucci
Posted on
Cash-out refinance mortgage rates are higher than rate and term refinance rates. Cash-out mortgage rates are substantially higher for homeowners with lower credit scores. The combination of historic high home prices and record-low mortgage rates is fueling many Americans to do a cash-out refinance mortgage loan and tap into their home equity. What Do People…
ByMike Gracz
Posted on
In this blog, we will cover and discuss Fannie Mae Conventional loan limits on one to four-unit properties. The FHFA increased conventional loan limits for six years in a row due to increasing home prices so homebuyers are not priced out of the housing market. As we approach the end of the year, the Federal…
CALL NOW