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ByMike Gracz
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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
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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
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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
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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
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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…
ByGustan Cho
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In this blog, we will be covering the FAQ on VA loans on eligibility requirements and VA mortgage loan options for first-time homebuyers. There are many FAQ On VA loans on qualification, credit, and eligibility requirements as well as the types of VA loan programs that our viewers often inquiry about. VA loans are the…
ByMike Gracz
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Gustan Cho Associates work with many different families in all different areas of the country. But our clients commonly ask similar questions. In this blog, we will detail some of the most common questions we receive. We will also discuss how to apply for a mortgage with our highly skilled team. If you are a…
ByAlex Carlucci
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Florida homeowners with FHA Loans that closed on their home loans prior to January 26, 2015, don’t miss an opportunity to get an automatic 0.05% reduction in their Florida FHA Annual Mortgage Insurance payment as well as a rate reduction. There’s never been a better time to get the most bang for their buck on…
ByAlex Carlucci
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Gustan Cho Associates like to thank and wish all of our clients, viewers, and partners a very Merry Christmas from Gustan Cho Associates Mortgage Group. The Team at Gustan Cho Associates had a record-breaking 2021 and is looking forward to a spectacular 2022. We have added very talented licensed and support personnel to our growing…
ByAlex Carlucci
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One of the most frequently asked by first-time homebuyers is what are the credit requirements needed to get approved for a mortgage. Every mortgage loan program has its own minimum credit requirements. We will cover the general credit requirements on FHA, VA, Conventional, Jumbo, and Non-QM loans. In general, mortgage companies rely heavily on credit…
ByAlex Carlucci
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Eligible active duty and retired veterans meeting the minimum Washington VA loan requirements can qualify for VA loans with no minimum credit score requirements, no maximum debt to income ratio caps, and no maximum loan limits. Washington has one of the highest home prices in the nation next to California. FHA and conventional loans have…
ByAlex Carlucci
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This article is about a borrower’s testimonial on My Experience with The Gustan Cho Team at Gustan Cho Associates. We will discuss and cover a borrower’s experience with Gustan Cho NMLS 873293 of Gustan Cho Associates Mortgage Group. Many buyers start the mortgage process of mortgage approval by going to their local bank. This is great,…
ByAlex Carlucci
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In this blog, we will cover and explain the Florida FHA loan requirements in detail and advise homebuyers on how to qualify and get approved with bad credit and credit scores down to 500 FICO. Due to the lenient Florida FHA loan requirements, FHA loans are hands down the best mortgage loan program for first-time…
ByGustan Cho
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Many lenders in California have lender overlays on FHA loans due to the state having many high-cost areas.
ByGustan Cho
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This Article Is About Florida Mortgage Rates On Conventional Loans Versus FHA Loans Florida mortgage rates on Conventional Loans in comparison to FHA Loans are higher. Current Florida Mortgage Rates On Conventional Loans on average is 0.50% higher than FHA loans for borrowers with credit scores between 620 and 680 FICO. Florida Mortgage Rates On…
ByMike Gracz
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This Article Is About The Impact Credit Scores Has On Down Payment On Home Purchase: If you are in the market to buy or refinance a home, you know the importance of your credit score. Gustan Cho Associates are experts in all areas of mortgage lending and cannot stress the importance of credit score enough….
ByGustan Cho
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This Article Is About FHA Loan Guidelines Alabama For First-Time Homebuyers and borrowers with bad credit. Due to the lenient FHA loan guidelines Alabama, FHA loans are the most popular loan programs in Alabama. HUD, the parent of FHA, created FHA loans to help hard-working Americans be able to purchase a home with a 3.5%…
ByAlex Carlucci
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This Article Is About Employment Offer Letter Mortgage Programs And Guidelines Recent college graduates can now qualify for a home loan with an employment offer letter mortgage. Employment and income are some of the most important factors when it comes to qualifying for a mortgage. Mortgage underwriters will look at the borrower’s employment history for…
ByGustan Cho
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This Article Is About Asset And Reserves Requirements And Guidelines For Mortgages Homebuyers applying for a mortgage are going to be asked for asset and reserves on their mortgage application. Lenders will want to know where the down payment and closing costs are coming from. Lenders also require the applicant’s bank account information as well…
ByMike Gracz
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This Article Is About NON-QM Home Loan Guidelines For Borrowers With Bad Credit NON-QM Home Loan Guidelines And How It Benefits Borrowers Who Do Not Qualify For Traditional Mortgages: We have all heard the stories of the last-second mortgage denial nightmare. In today’s highly regulated mortgage industry this seems to be a common trend. With…
ByMike Gracz
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This article is about building credit with timely housing payments. One of the strongest credit tradelines consumers can have is by building credit with on-time housing payments. Most landlords do not report rental payments to the credit bureaus. However, there is a way of reporting on-time timely monthly payments to all three credit reporting agencies….
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