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ByGustan Cho
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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…
ByGustan Cho
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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…
ByGustan Cho
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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…
ByGustan Cho
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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.
ByGustan Cho
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The ability to repay the new mortgage is very important. This is why mortgage underwriters are very strict in thoroughly reviewing the borrower’s prior credit history and want to make sure of their ability to repay the new mortgage payment.
ByGustan Cho
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It has been over a dozen years since the 2008 financial crisis. Skyrocketing home prices is no doubt scaring mortgage regulators of another potential housing bubble and crisis. However, strong extensive mortgage regulations were implemented to avoid another housing crash and mortgage crisis.
ByAlex Carlucci
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House Flippers are thriving. Many house flippers have lost their entire fortune in the 2008 housing crisis but are now enjoying the lucrative housing market. With the combination of the booming housing economy, low mortgage rates, the introduction of new non-QM loan programs for real estate investors, and the low inventory of housing, real estate investors are buying up any potential flip. This holds true even with a huge markup.
ByGustan Cho
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You’ve probably seen a few television ads promoting LendingTree or other mortgage lead sites. These sites promise to get you the best mortgage rate by making lenders compete for your business. But do they really deliver the lowest mortgage rates to consumers?
ByGustan Cho
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More and more individual taxpayers can now relocate and cross state lines to get more bang for the buck. More individual taxpayers are relocating to other states with lower state taxes and affordable housing.
ByGustan Cho
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This Article Is About The Most Affordable States To Purchase Homes In 2021 Home prices have been skyrocketing since 2013 with no sign of a housing correction. Adding fuel to the fire on the hot housing market is the historic low mortgage rates. Today’s 30-year fixed mortgage rate is at 3.25% for prime borrowers. The…
ByGustan Cho
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Every Mortgage Loan Program Has Its Own Agency Guidelines When It Comes To Qualifying For A Mortgage With An Outstanding Tax Lien And/Or Judgment
ByGustan Cho
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This Article Is About States With Highest Property Taxes For Homeowners States With Highest Property Taxes For Homeowners Many home buyers thinking of relocating to another state often wonder what are the states with higher property taxes. Many homeowners who have remote jobs or have their children off to college often think of relocating One…
ByAlex Carlucci
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This ARTICLE Is About The Tax Benefits of Investing in Real Estate Properties The Tax Benefits of Investing in Real Estate Properties Can Save Thousands Of Dollars In Paying Federal Income Taxes For Many Years: Real estate investors can save tens of thousands of dollars in taxes. There are countless writeoffs and unreimbursed expenses real…
ByGustan Cho
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Borrowers Need To Realize How Credit Balance Impacts Credit Scores To Qualify For Mortgage: The key to getting a low mortgage rate is to maximize your credit scores prior to applying for a mortgage. It can simply be done by paying down your credit card balance to a 10% credit utilization ratio.
ByMike Gracz
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Are There Any Mortgage Lenders That Offer 95% CLTV Jumbo Mortgages For High-End Home Purchases? Gustan Cho Associates are experts in helping buyers of high-end homes qualify for 95% CLTV Jumbo Mortgages for high-end properties.
ByGustan Cho
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Should I Repair My Credit Prior To Consulting With A Loan Officer To Qualify For A Home Loan? The answer is absolutely not. Credit repair can do more damage during the mortgage process than help. You cannot have credit disputes during the mortgage process on non-medical collections, charged-off accounts, and late payments. Retracting credit disputes can backfire and drop consumer credit scores.
ByGustan Cho
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What Are The Typical Mistakes Prior To Clear To Close To Avoid By Mortgage Borrowers? You should not maximize your credit cards, purchase new furniture, buy a car, bounce any checks, or apply for new credit during the mortgage process prior to the clear to close.
ByAlex Carlucci
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This Article Is About Stock Market Correction Drives Mortgage Rates Lower The Dow Jones Industrial Averages and all other market indices opened lower again due to fears of the coronavirus epidemic. Never in history has the markets reached an all-time high and plummeted into correction territory. The stock market is considered to be in correction…
ByAlex Carlucci
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This Article Is About Home Loan With Low Mortgage Rates On Purchase And Refinance The first thing most homebuyers think about when they have decided to buy a home is mortgage rates. What are the mortgage rates and what is the best mortgage rates they can qualify for? Low mortgage rates mean lower payments and…
ByGustan Cho
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This Article Is About Buying A House During Recession For First Time Home Buyers Buying A House During a Recession For First Time Home Buyers is one of the major concerns. Most home buyers have heard of the 2008 Great Recession and Real Estate Collapse. Home prices have been rising for the past several years…
ByGustan Cho
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This Article Is About NON-QM Versus Traditional Mortgage Performance On this BLOG, we will compare NON-QM Versus Traditional Mortgage performance rates. Statistics on NON-QM Versus Traditional Mortgage provide data that non-QM loans are performing better than traditional government and conforming loans. NON-QM Loans are alternative portfolio loans. These loans are for use by borrowers who…
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