Call or Text: (800) 900-8569
Email Us: alex@gustancho.com
ByAlex Carlucci
Posted on
This BLOG On Minimum Loan Amount On Mortgage Programs On Home Purchases Was PUBLISHED On June 22nd, 2020 Most home buyers and refinance mortgage loan borrowers know about maximum loan amounts. FHA has a maximum loan amount of $331,760 in most parts of the country unless the property is located in a high-cost area Many…
ByGustan Cho
Posted on
This BLOG On Conforming Mortgage Credit Guidelines For Home Buyers Was UPDATED And PUBLISHED On June 20th, 2020 Conforming Mortgage Credit Guidelines For Home Buyers After Deed In Lieu And Short Sale Conforming Mortgage Credit Guidelines For Home Buyers After Deed In Lieu And Short Sale requires a 4 year mandatory waiting period after the deed…
ByGustan Cho
Posted on
This BLOG On Real Estate Investments That Are Safe With Best Returns Was UPDATED And PUBLISHED On June 19th, 2020 A trend many are seeing in the financial markets is a growing appetite for real estate investments such as commercial and residential real estate with secured income as the option. Millennials, many who saw their…
ByAlex Carlucci
Posted on
This BLOG On New Changes In Home Buying Process And How It Affects Mortgages Was PUBLISHED On June 17th, 2020 The Consumer Financial Protection Bureau, also known by many as the CFPB, has implemented new changes in the home buying process which took effect on October 3, 2015. The new changes in home buying process…
ByGustan Cho
Posted on
This BLOG On When Is The Right Time To Refinance Mortgage For Homeowners Was UPDATED And PUBLISHED On June 16th, 2020 Question: When Is The Right Time To Refinance? Answer: There are several answers to this question. The answer to the question of when is the right time to refinance is when the mortgage rates…
ByGustan Cho
Posted on
This BLOG On Mortgage With Marginal Credit Scores And Bad Credit Guidelines Was UPDATED On August 9th, 2018 Applying for a mortgage with marginal credit scores can be extremely risky. Every mortgage loan program has minimum credit score requirements Most lenders have overlays A lender credit score requirements may be higher than the minimum federal mortgage…
ByAlex Carlucci
Posted on
BREAKING NEWS: Illinois Leads In Job Loss During The COVID-19 Lockdown Illinois Leads In Job Loss during the coronavirus pandemic lockdown due to the governor extending reopening the state. Illinois was the first state to order the coronavirus pandemic shut down in early March 2020. Illinois has the strictest stay-at-home order and is still in…
ByMike Gracz
Posted on
This BLOG On Freddie Mac HomeOne Mortgage Guidelines For First Time Home Buyers Was PUBLISHED On June 12th, 2020 Freddie Mac has come out with a new Loan program called Freddie Mac HomeOne Mortgage to help first-time home buyers. This program is designed to attract clients who may be looking into low down payment options,…
ByAlex Carlucci
Posted on
This article On 5 Signs Bitcoin Is Going Mainstream In Today’s Financial Markets Was PUBLISHED On June 11th, 2020 Almost a decade ago, when cryptocurrency was introduced, many were skeptical of it. Bitcoin especially, being one of the earliest cryptocurrencies to be issued, faced many controversies – some of which even prevailing to this day. Isn’t…
ByGustan Cho
Posted on
This BLOG On What Do Mortgage Underwriters Look For During Review Was UPDATED And PUBLISHED On June 9th, 2020 What Do Mortgage Underwriters Look For Underwriting Review: The underwriting department of a mortgage company is probably the most important department. Mortgage Underwriters are the people that will approve a loan file and issue a clear…
ByAlex Carlucci
Posted on
BREAKING NEWS: Economy Add 2.5 Million Jobs In May Surging Consumer Confidence The breaking news this morning on the U.S. Economy Add 2.5 Million Jobs surprised economists. The coronavirus pandemic has devastated the U.S. economy Prior to the pandemic, the U.S. economy was booming Unemployment rates were under 3.5% The Dow Jones Industrial Average hit…
ByGustan Cho
Posted on
BREAKING NEWS: Mortgage Underwriting During The Covid-19 Pandemic Mortgage Underwriting During The Covid-19 Pandemic is more scrutinized than it ever used to be. Lenders are paranoid about being able to sell their originate and fund after closing The mortgage industry is in chaos due to the coronavirus pandemic The once strong mortgage market is now…
ByGustan Cho
Posted on
BREAKING NEWS: Foreclosure During Pandemic For Unemployed Homeowners. The coronavirus pandemic really hit the U.S. hard. Prior to the pandemic, the U.S. economy was booming. Americans enjoyed a great economy, strong employment, little to no inflation, the lowest unemployment rate in U.S. history, a strong housing market, an all-time high value on their 401ks. In…
ByAlex Carlucci
Posted on
This ARTICLE On Choosing A Home Builder For First Time Home Buyers Was PUBLISHED On May 22nd, 2020 Choosing A Home Builder and buying a new construction home For First Time Home Buyers has its benefits. Who does not want to live in a brand new home Everything is new New framing, windows, roofing, appliances,…
ByGustan Cho
Posted on
BREAKING NEWS: Emergency Relief Screw-Up Affects Student Loan Borrowers Emergency Relief Screw-Up Affects over credit reports of more than 5 million student loan borrowers. One of the biggest hurdles in qualifying for a mortgage for homebuyers are student loans Most student loans are federally-backed student loans Many homebuyers often encounter hurdles and issues when qualifying…
ByMike Gracz
Posted on
BREAKING NEWS: CARES ACT Mortgage Forbearance Help For Unemployed Homeowners During these crazy economic times, the COVID-19 coronavirus has created numerous stimulus packages from the government as well as individual lending institutions. Whether you have a personal loan, auto loan, credit card, or even a mortgage, you may be eligible for payment forbearance. The term…
ByAlex Carlucci
Posted on
BREAKING NEWS: Illinois Is The Only State Shutdown And Not Reopened Illinois Is The Only State Shutdown and both small businesses and workers are hurting. Many states like Georgia, Texas, Florida have reopened close to three weeks ago Illinois rookie freshman Governor JB Pritzker has extended his original stay at home executive order for several…
ByMike Gracz
Posted on
BREAKING NEWS: COVID-19 Pandemic Economic Update And Housing Market Changes As the world is still in shambles due to the COVID-19 coronavirus outbreak, Gustan Cho Associates are still originating and funding mortgages without LENDER OVERLAYS. We are available seven days a week even during times like these to help our clients with their mortgage needs…
ByAlex Carlucci
Posted on
BREAKING NEWS: Illinois Governor Threatens Retaliation To Business Owners Illinois Governor Threatens Retaliation To Local Governments And Business Owners: Illinois Governor Threatens Retaliation To Business Owners who defy his extended stay at home order. All states in the Nation, with the exception of Illinois, have reopened their states Illinois is one of the first states…
ByAlex Carlucci
Posted on
BREAKING NEWS: Buying a home during governor stay at home order. Buying a home during governor stay at home order and home and mortgage process: Buying a home during the COVID-19 coronavirus outbreak can have additional hurdles. It seems like doing anything these days has additional rules and regulations depending on where you live. In…
ByAlex Carlucci
Posted on
BREAKING NEWS: Illinois Progressive Income Tax Hike Could Bankrupt Businesses Illinois Progressive Income Tax Hike proposed by Governor JB Pritzker may end up backfiring. The U.S. economy was booming prior to the COVID-19 pandemic Most states were thriving and raking in billions of dollars in revenues However, Illinois was financially struggling and mounting in pension…
CALL NOW