Mortgage After Short Sale In California

Lending Requirements For Mortgage After Short Sale In California

This Article Is On Lending Requirements For Mortgage After Short Sale In California The State of California has the nation’s highest home prices. California was one of the biggest hit states by the 2008 Real Estate and Mortgage Meltdown Many homeowners had home values drop 50% California is also the nation’s largest state A short…

Selling Home Prior To Foreclosure

Selling Your Home Prior To Foreclosure And Qualifying For New Mortgage

This article is about Selling Your Home Prior To Foreclosure And Qualifying For New Mortgage Homeowners who get behind on their mortgage payments more than 4 months can have their mortgage lender start foreclosure proceedings against their homes. A foreclosure is when the mortgage lender starts legal proceedings to take over a homeowner’s home due…

VA Mortgage Guidelines For Same-Sex Married Couples

VA Mortgage Guidelines For Same Sex Married Couples

This Article On VA Mortgage Guidelines For Same-Sex Married Couples Was Written By Gustan Cho of Gustan Cho Associates The U.S. Department of Housing and Urban Development (HUD) the parent of FHA, allows non-occupant co-borrowers to be added on FHA Home Loans. Fannie Mae and Freddie Mac permits non-occupant co-borrowers The U.S. Department of Veterans…

Benefits Of Using Non-QM Mortgages For Home Buyers

Benefits Of Using Non-QM Mortgages For Home Buyers

This article is about Benefits Of Using Non-QM Mortgages For Home Buyers Advantages And Benefits Of Using Non-QM Mortgages For Home Buyers: Preparing for a mortgage can be a difficult process in 2020 Since the real estate crash of 2008, the federal government has stepped in to oversee mortgage regulations The restrictions and guidelines have…

Adding Co-Borrower To Qualify For Home Loan

Mortgage Guidelines On Adding Co-Borrower To Qualify For Home Loan

This Article On Mortgage Guidelines On Adding Co-Borrower To Qualify For Home Loan Adding co-borrower to qualify for home loan is done because the main borrower does not qualify with income. Adding co-borrower to qualify for home loan is normally done because of the borrower having higher debt to income ratios A spouse can be…

Progressive Tax Could Affect 47 Percent Of Illinois Business Owners
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Progressive Tax Could Affect 47 Percent Of Illinois Business Owners

BREAKING NEWS: Progressive Tax Could Affect 47 Percent Of Illinois Business Owners Governor JB Pritzker’s Progressive Tax Could Affect 47 Percent Of Illinois Business Owners. Illinois is in a financial crisis like never before The U.S. economy was booming prior to the coronavirus pandemic Many states such as Florida, Texas, Georgia, Tennessee, and dozen of…

How To Get Ex-Spouse Off Your Mortgage

Difference Between Mortgage Rate And APR In Home Mortgages

This Article On Difference Between Mortgage Rate And APR In Home Mortgages There is a Difference Between Mortgage Rate And APR. First of all, they are relatively similar. To explaining it simply, if the cost of the mortgage is high, the APR or Annual Percentage Rate will be higher. The CFPB has strict rules and…

Fannie Mae Second Home Guidelines

Home Loan After Second Mortgage Charge Off Guidelines

This Article On Home Loan After Second Mortgage Charge Off Guidelines Mortgage loan borrowers can qualify for a home loan after second mortgage charge off with no waiting period after the charge off depending on the mortgage loan program. Homebuyers after second mortgage charge off is a commonly asked questions by many of our viewers…

FHA 203k Rehab Mortgage

How Difficult Is It To Qualify For FHA 203k Rehab Mortgage?

This BLOG On How Difficult Is It To Qualify For FHA 203k Rehab Mortgage Was UPDATED And PUBLISHED On July 4th, 2020 The sea was rough that day my friend. Then George pulled the golf ball out of the whale’s blowhole, but where was Jerry Seinfeld? He was conveniently missing during all of this He…

Risks In Private Money Investing

Risks In Private Money Investing On Real Estate Transactions

This BLOG On Risks In Private Money Investing On Real Estate Transactions Was PUBLISHED On July 3rd, 2020 There are many rewards in investing in private money loans and hard money loans for an investor. Investing in hard money loans can offer extreme handsome returns that are secured by real estate Many private money investors…

June 2020 Jobs Numbers

June 2020 Jobs Numbers Show Promising Economic Recovery

BREAKING NEWS: June 2020 Jobs Numbers Show Promising Economic Recovery June 2020 Jobs Numbers came in at a whopping 4.8 million new jobs. The news sent stocks skyrocketing The Trump Administration did not waste any time announcing the great news However, Chuck Schumer, Nancy Pelosi, and other democrats pouted that the economy is still in…

Foreclosure Procedures

What Are The Foreclosure Procedures And Process

This BLOG On What Are The Foreclosure Procedures And Process Was UPDATED And PUBLISHED On July 2nd, 2020 The government’s position with lending, traditionally, is they are set to ensure there is a warehouse for lending on the secondary, and that there are programs available for low to moderate-income families, as well as low to…

Illinois To Raise Property Taxes

Illinois To Raise Property Taxes To Offset Pension Debt

BREAKING NEWS: Illinois To Raise Property Taxes To Offset Pension Debt Governor JB Pritzker and lawmakers in Illinois To Raise Property Taxes To Offset Pension Debt. The U.S. economy was booming prior to the coronavirus pandemic Many states such as Florida, Indiana, Tennessee, Texas, and other Republican-led states were raking in billions in revenues and…

Which means a conventional loan with bad credit and a low credit score

Conventional Loan With Bad Credit And Low Credit Scores

This BLOG On Qualifying For Conventional Loan With Bad Credit And Low Credit Scores Was UPDATED And PUBLISHED On July 1st, 2020 Conventional Loans are called conforming loans because they need to conform to Fannie Mae and/or Freddie Mac mortgage lending guidelines. Fannie Mae and Freddie Mac have their mortgage guidelines on conventional loans Borrowers…

Mortgage Rates On FHA 203k Loans

Mortgage Rates On FHA 203k Loans Versus Traditional Mortgages

This BLOG On Mortgage Rates On FHA 203k Loans Versus Traditional Mortgages Was PUBLISHED On July 1st, 2020 FHA 203k Loans is an acquisition and construction/renovation loan all combined in one loan. This type of loan is where a home buyer can purchase a fixer-upper or uninhabitable home that is in need of rehab with…

Mortgage Forbearance On The Rise

Mortgage Forbearance On The Rise Due To Covid-19 Spike

BREAKING NEWS: Mortgage Forbearance On The Rise Due To Covid-19 Spike After a few weeks of declining numbers, Mortgage Forbearance On The Rise due to the recent outbreak of the coronavirus. Dozens of states have reopened since late April after being shut down for over two months Worker’s high confidence levels triggered many workers not…

Mortgage Lending Requirements

Mortgage Lending Requirements On Government And Conforming Loans

This BLOG On Mortgage Lending Requirements On Government And Conforming Loans Was UPDATED And PUBLISHED On June 29th, 2020 Mortgage Lending Requirements is what lenders follow to see if a mortgage loan applicant qualifies for a residential mortgage loan. There are two types of lending guidelines There are mortgage lending requirements that are set by…

Adding Yourself To Another Bank Account

Adding Yourself To Another Bank Account To Qualify For Mortgage

This BLOG On Adding Yourself To Another Bank Account To Qualify For Mortgage Was UPDATED And PUBLISHED On June 25th, 2020 One of the requirements borrowers need to provide lenders is two months’ bank statements as part of the documents that are required. Lenders will carefully analyze 60 days of bank statements when processing and…

Illinois COVID-19 Recession

Illinois COVID-19 Recession Hurt Illinois Homeowners

BREAKING NEWS: Illinois COVID-19 Recession Hurt Illinois Homeowners Illinois COVID-19 Recession is hurting Illinoisans more so than any other homeowner in the nation. The U.S. economy was booming prior to the coronavirus pandemic Most states were raking in billions in revenues and had billions in reserves However, that was not the case with Illinois Illinois…

Do All Lenders Have The Same Collections And Charge Off Guidelines

Do All Lenders Have The Same Collections And Charge Off Guidelines

This ARTICLE On Do All Lenders Have The Same Collections And Charge Off Guidelines Was PUBLISHED On June 21st, 2020 One of the most common questions asked by borrowers is Do All Lenders Have The Same Collections And Charge Off Guidelines. Over 75% of our borrowers at Gustan Cho Associates are folks who have been…