Eviction Moratorium

Eviction Moratorium Not Extended By Congress Before Going On Break

ByMike Gracz Posted on

This Article Is About The Eviction Moratorium Not Extended By Congress Before Going On Break  August 2021 could be a crazy month for the mortgage industry. If you have been paying attention to the news, you know that the eviction moratorium expired for coronavirus relief for thousands of Americans across the nation. Congress extended the…

FHA Investor Overlays

FHA Investor Overlays Versus HUD Agency Mortgage Guidelines

ByGustan Cho Posted on

This Article Is About FHA Investor Overlays Versus HUD Agency Mortgage Guidelines: It is very important to understand the difference between HUD agency guidelines versus lender overlays. HUD is the parent of FHA. Every lender requires borrowers to meet the minimum HUD agency guidelines. However, lenders can have higher lending guidelines and standards that are…

Mortgage Rates Are Still At Historic Lows On Purchase And Refinance
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Mortgage Rates Are Still At Historic Lows On Purchase And Refinance

ByGustan Cho Posted on

This Article Is About Mortgage Rates Are Still At Historic Lows On Purchase And Refinance: The Dow Jones Industrials have dropped as low as 18,000 during volatile trading from February 2020’s high of 29,000 due to the coronavirus pandemic. The pandemic caused over 43 million Americans out of work. Now the Dow Jones is over…

HUD FHA 203h Mortgage Guidelines

HUD FHA 203h Mortgage Guidelines For Disaster Victims

ByGustan Cho Posted on

This Article Is About HUD FHA 203h Mortgage Guidelines For Disaster Victims: Housing and Urban Development is the parent of FHA. HUD has a program to assist homeowners of natural disasters called FHA 203h loans. In this article, we will cover the following topics: What is the FHA 203h loan program? How does the FHA…

Benefits of Buying Newer Homes Versus Older Homes

Benefits of Buying Newer Homes Versus Older Homes

ByAlex Carlucci Posted on

This Article Covers The Benefits of Buying Newer Homes Versus Older Homes: Buying a newer home, especially a new construction home, offers many benefits. In this article, we will discuss and cover the following topics: Common FAQ on the benefits of buying newer versus older homes. Potential problems with buying older homes for first-time homebuyers….

Alternative To Foreclosure When Cannot Afford Mortgage

Alternative To Foreclosure When Cannot Afford Mortgage

ByGustan Cho Posted on

This article covers options for homeowners on alternative to foreclosure when homeowners cannot afford mortgage payments: There are instances when homeowners go through extenuating circumstances and cannot afford mortgage payments. In this article, we will cover the following points: Reason for disruption of income due to economic environment and loss of income Protecting your home…

Things To Avoid During Loan Process

Protect Your Loan Closing by Avoiding These Mistakes

ByGustan Cho Posted on

Borrowers should avoid these things during the mortgage process so their home loan closes on time. Certain things that may be innocent and unintentional could delay the clear to close. Delays in the clear to close by the mortgage underwriter will delay the closing of the home loan.

Credit Scores Versus Credit History

Credit Scores Versus Credit History Mortgage Guidelines

ByGustan Cho Posted on

This article covers Credit Scores Versus Credit History Mortgage Guidelines The Importance Of Mortgage Guidelines On Credit Scores Versus Credit History One of the first questions mortgage loan borrowers ask mortgage lenders is what is the minimum credit scores to qualify for a home loan. There are minimum credit score requirements to qualify for particular…

FHA Bankruptcy Waiting Period

FHA Bankruptcy Waiting Period and Mortgage Guidelines

ByGustan Cho Posted on

This article covers FHA Bankruptcy Waiting Period And Mortgage Guidelines FHA Bankruptcy Waiting Period Explained Homebuyers can now qualify for an FHA Loan after Bankruptcy. There are two types of bankruptcies consumers file: A Chapter 7 Bankruptcy is also known as total liquidation bankruptcy Chapter 7 is recommended for consumers who have a lot of…

Other Income to qualify for mortgage

Other Income To Qualify To Meet Debt To Income Ratio Caps

ByGustan Cho Posted on

This article covers Other Income To Qualify To Meet Debt To Income Ratio Caps Income is probably the most important factor when it comes to get a residential mortgage approval. Many self-employed borrowers often run into problems in qualifying for mortgages due to the many write-offs they claim on their income tax returns. Gustan Cho…

Refinance Mortgage Home Loan With Bad Credit

Refinance Mortgage Home Loan With Bad Credit For Homeowners

ByGustan Cho Posted on

This guide covers refinancing with low(bad) credit scores and bad credit. Homeowners considering refinancing with low credit scores on their home loans must know that credit scores determine mortgage rates. The higher the credit scores, the lower the mortgage rates. Refinancing with low credit scores can be done. However homeowners thinking about refinancing with low…

Mortgage Rates Steady As FEDS Announces It Will Not Raise Rates

Mortgage Rates Steady As FEDS Announces It Will Not Raise Rates

ByGustan Cho Posted on

This article cover mortgage rates steady as FEDS announces it will not raise rates There is no sign of a housing correction in today’s housing market. Mortgage rates remain steady at historic lows. Many homebuyers are pushing plans on buying homes sooner than later. This is because many feel rates will not remain low. This…

disabled home accessible

From the Ground Up: Building a Place Accessible to All

ByGustan Cho Posted on

Every space where people spend time together should provide comfort and safety to each dweller, and most importantly to those with limited mobility and other impairments. Building a place that is accessible to all ensures that a person living with a disability lives an independent life, which improves his or her zeal for life.