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ByAlex Carlucci
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In this blog, we will cover and discuss keyboard bullies and how it affects people and communities. Social media can be described as one of the best things ever created. However, as time goes on, there are more and more negatives on the other side of the argument. Now I bet you are thinking, how…
ByGustan Cho
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In this blog, we will discuss and cover how do underwriters approve mortgage loans when analyzing and processing borrowers. Mortgage Underwriters play the most important role in the mortgage process. There are certain ways on how do underwriters approve mortgage loans. Underwriters are professionals who approve or deny mortgage loans. There is no reason why…
ByGustan Cho
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In this blog, we will discuss and cover how to know the market value of your home. Home prices have been skyrocketing in the past few years. Many are thinking that another housing bubble is imminent. Others were forced out of the housing market due to skyrocketing home values. Almost every one of us comes to…
ByMike Gracz
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Gustan Cho Associates created this blog and guide on mortgage guidelines 101 for borrowers and new loan officers. The mortgage business can be tricky and overwhelming not just for borrowers but also for new loan officers. We have written this BLOG on Mortgage Guidelines 101 not just for borrowers but also for loan officers in…
ByAlex Carlucci
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In this blog, we will discuss and cover qualifying and getting approved on FHA loans with not paying off collections and charged-off accounts. I met Gustan Cho when I was working with another lender as a licensed mortgage loan originator. I was seeking out some information concerning a loan that I was working on at…
ByDale Elenteny
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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…
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