Call or Text: (800) 900-8569
Email Us: alex@gustancho.com
ByGustan Cho
Posted on
This Article Is About Mortgage Versus Rent Payments And Benefits Of Payment Shock Most first-time homebuyers or those folks thinking about buying a home often wonder how much more will new payments on my mortgage versus rent payments be. The new mortgage versus rent payments and the difference is often referred to as payment shock…
ByGustan Cho
Posted on
This Article Is About The Questions You Should Ask Your Mortgage Lender On Loan Process Choosing the right mortgage lender is key. Buying a home is a person’s single largest investment in their lifetime The average home loan amount is $327,000 in the United States California has one of the highest home prices in the…
ByGustan Cho
Posted on
This Article Is About FHA Mortgage After Bankruptcy Mortgage Guidelines Borrowers can qualify for FHA Mortgage After Bankruptcy. There are two types of bankruptcies and HUD, the parent of the Federal Housing Administration, has different requirements with regards to each type of bankruptcy and the waiting period Just waiting out the waiting period after bankruptcy…
ByGustan Cho
Posted on
This Article Is About The Mortgage Meltdown And Qualifying For Home Loan Today With Bad Credit Overall lack of concern, awareness, and education caused the government, banks, investors, and rating agencies from misusing and misunderstanding the financial system and ultimately causing it to collapse. Prior to the 2008 Real Estate And Mortgage Collapse, it was…
ByGustan Cho
Posted on
This Breaking News Article Is About Mortgage Rates On The Rise Due To Increase Yields On Treasury Many homeowners and homebuyers are concerned about the sudden spike in mortgage rates last week. The sudden increase in the U.S. Treasury has spiked mortgage rates across the board on all different types of loan programs. This alarmed…
ByGustan Cho
Posted on
This Article Is About The Easy Online Mortgage Pre Approval Letter For Home Buyers The mortgage industry has changed drastically since the Subprime Mortgage And Real Estate Meltdown of 2008. Brick and mortar offices are becoming more and more extinct. Online mortgage banking seems to be the new trend in the mortgage loan origination business…
ByGustan Cho
Posted on
This Article Is About A Pre-Approval Versus Loan Commitment During Mortgage Process Many first-time home buyers often ask What Is The Difference Between Pre-Approval Versus Loan Commitment. Homebuyer starting house shopping would need a pre-approval letter from a reputable lender. The pre-approval stage of the mortgage process is the most important step. The number one…
ByGustan Cho
Posted on
This Article Is About The FHA 203i Loans Mortgage Lending Guidelines For Borrowers HUD, the parent of FHA, launched the FHA 203i Loans to enable home buyers of Outlying Areas possible. FHA 203i Loans enables home buyers to qualify for FHA Loans on home purchases outside the city and metropolitan areas. With 203i Loans, it…
ByGustan Cho
Posted on
This Article Is About Accelerated Buyer Mortgage Program Pre-Approvals The Accelerated Buyer Mortgage Program is a special mortgage loan program where a home buyer can get a mortgage loan approval by a mortgage underwriter: The only thing that is missing is the property Sounds too good to be true? Well, the fact of the matter…
ByAlex Carlucci
Posted on
This Breaking News Article Is About 10-Year Treasury Yield Surges To A 12-Month High Rising Rates The 10-Year Treasury Yield Surges to a 12-month high on Tuesday, February 18th signaling potential economic bad news for what lays ahead. The 10-Year Treasury Yieldskyrocketed signaling inflation, higher mortgage rates, and a slowdown of the booming housing market….
ByMike Gracz
Posted on
The Gustan Cho Associates are experts in down payment assistance (DPA) programs. We are proud to offer Colorado Housing and Finance Authority ( CHFA) down payment assistance programs. In this blog we will detail the advantages and disadvantages of using down payment assistance as well as how to apply for a mortgage with a Gustan Cho Associates when receiving Colorado down payment assistance.
ByGustan Cho
Posted on
This ARTICLE Is About COVID-19 Mortgage Guidelines Changes On Home Loans COVID-19 Mortgage Guidelines Changes have created stress for borrowers with less than perfect credit. Many analysts and economists predicted a housing meltdown in 2020 due to the coronavirus pandemic. However, despite the unemployment rate of 10% and more than 50 million Americans filing for…
ByMike Gracz
Posted on
This Article Is About Non-QM Mortgages Versus Government And Government Mortgages If you are in the market for a mortgage loan, you may have realized it is hard to qualify if you have had any derogatory items in the past. Many of our clients do not fit your everyday Fannie Mae, Freddie Mac, or FHA…
ByGustan Cho
Posted on
This Article Is About Fannie Mae Automated Underwriting System Approval Borrowers normally need an automated approval by the Automated Underwriting System also referred to as AUS in order to proceed with their mortgage loan process. There are two types of Automated Underwriting Systems: Fannie Mae Freddie Mac Fannie Automated Underwriting System Approval is called Desktop…
ByGustan Cho
Posted on
This Article Is About Homeowners Who Bailed On Mortgage During Mortgage Collapse Residential home sales have been steadily increased and so have real estate prices. Investor demand has been increasing more so this year than in the past several years and so has consumer confidence in the housing market. Many previous homeowners who have walked…
ByGustan Cho
Posted on
This Article Is About Selecting The Best Mortgage Rates When Refinancing Selecting the best mortgage rates can be challenging but will be worth the time invested for a home purchase mortgage loan borrower as well as refinance borrowers. Mortgage rates vary depending on a mortgage loan borrower’s credit scores, debt to income ratios, and loan…
ByGustan Cho
Posted on
This Article Is About Conventional Loan After Chapter 13 Bankruptcy Guidelines What Is The Waiting Period To Qualify For Conventional Loan After Chapter 13 Bankruptcy? Qualifying for a Conventional Loan After Chapter 13 Bankruptcy discharge is no problem for home buyers needing a conventional loan. However, Fannie Mae and Freddie Mac Guidelines state that there…
ByGustan Cho
Posted on
This Article Is About Mortgage Guidelines On Down Payment With the exception of VA and USDA loans, most mortgage loan programs require a down payment. Not everyone can qualify for a VA loan. Only active and/or retired members who have served in the United States Armed Services with a certificate of eligibility (COE) are eligible…
ByGustan Cho
Posted on
This Article On Mistakes When Refinancing Mortgage To Be Avoided By Homeowners Avoiding These 5 Mistakes When Refinancing Home Loan The mortgage refinance process normally takes 30 to 45 days and for it to run smoothly in general with most lenders However, the average turnaround time at Gustan Cho Associates loans close in 21 days…
ByAlex Carlucci
Posted on
This Breaking News Article Is About Illinois Passes Three New Laws For 2021 Due To COVID-19 Pandemic Illinois was the first state to shut down and one of the last states to reopen due to the coronavirus pandemic. Wait a minute…………………………………. Governor JB Pritzker issued a second executive stay at home order lockdown shutting down…
ByGustan Cho
Posted on
In this article, we will discuss and cover the coronavirus stimulus bill passed by the House. The House passed the $2,000 paycheck coronavirus stimulus bill on Monday. It now goes to the Senate for approval. However, many are expecting resistance from Senate Majority Leader Mitch O’Connell and a number of other Senate Republicans. The Republican-majority…
CALL NOW