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ByAlex Carlucci
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BREAKING NEWS: Fed drop rates to zero to stimulate the coronavirus economy. The Fed drop rates to zero on Sunday due to the economic panic from the coronavirus pandemic.. However, the futures markets did not take the news of the stimulus as a positive. Future markets plummeted and trading halted. What this means is the…
ByAlex Carlucci
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This BREAKING NEWS ARTICLE On The Coronavirus Pandemic In Illinois May Trigger Financial Meltdown Was PUBLISHED On March 15th, 2020 Illinoisans get more bad news due to the Coronavirus Pandemic In Illinois. Illinois Governor J.B. Pritzker will issue and declare a state of emergency to shut down all restaurants and bars effective Monday, March 16th…
ByAlex Carlucci
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BREAKING NEWS: Coronavirus Stimulus Announcement Package By Trump Surges Stocks 1,985 Points: President Donald Trump declared a national emergency yesterday due to the coronavirus pandemic The Coronavirus Stimulus Announcement Package By Trump Surges Stocks 1,985 Points President Trump announced multiple Coronavirus Stimulus Packages on Friday As the President was talking, the Dow Jones and other…
ByAlex Carlucci
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BREAKING NEWS: Coronavirus Pandemic Plummets Dow 2,300 Into Bear Market Territory Coronavirus Pandemic Plummets Dow over 2,300 into the bear market territory. All other equity markets followed the Dow Jones Industrial Average downward direction The financial markets opened lower this morning dropping 7% Trading halted for 15 minutes this morning after 5 minutes of trading…
ByGustan Cho
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This BLOG On Mechanics Lien Placed On Homes By General Contractors Was UPDATED And PUBLISHED On March 12th, 2020 A mechanics lien on a property is when a contractor, sub-contractor, or supplier places a lien on a property. The lien is placed on the property they did work on or provided materials to and the…
ByAlex Carlucci
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BREAKING NEWS: Stocks Plunges 1,465 Sending Markets In Bear Market Territory Here we go again with the volatile financial markets. After the Dow soared 1,100 points yesterday, Stocks Plunges 1,465 points today sending markets in bear market territory All other equities markets followed the Dow Jones Industrial Average and closed lower The markets tanked today…
ByDale Elenteny
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This BLOG On Interest Only Mortgages With NON-QM Loans Versus Amortized Was UPDATED And PUBLISHED On March 11th, 2020 Traditional mortgages require that borrowers pay back the money borrowed in the form of principal plus interest. Most homeowners dreams are to have their homes clear of any mortgages and have it free and clear Most…
ByAlex Carlucci
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This BREAKING NEWS On Why Lenders Increasing Rates When Mortgage Rates Are At Historic Lows Was PUBLISHED On March 11th, 2020 BREAKING NEWS: Why Are Lenders Increasing Rates When Mortgage Rates Are At Historic Lows? The coronavirus outbreak has shaken the financial markets The coronavirus was first reported in December 2019 in Wuhan China The…
ByAlex Carlucci
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This ARTICLE On Stocks Skyrockets On Stimulus News After Yesterday 2,100 Point Drop Was PUBLISHED On March 10th, 2020 Stocks Skyrockets On Stimulus News by President Trump to institute a payroll tax cut until the end of the year. The coronavirus outbreak has taken a toll on the financial markets Yesterday, the Dow Jones Industrial…
ByGustan Cho
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This article covers Quick Credit Score Fixes To Qualify For Mortgage Loans Every mortgage loan program has a minimum credit score requirement. However, even though a mortgage borrower meets the minimum credit score requirements, they should try to get their credit scores as high as possible prior to applying for a mortgage The higher the…
ByAlex Carlucci
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This BREAKING NEWS On The Dow Sinks 2000 Points And Will It Impact The Housing Markets Was PUBLISHED On March 9th, 2020 The Dow Jones Industrial Average plummeted over 2,000 points today. Besides the coronavirus scare, the oil war overseas triggered the stock market selloff Monday morning 10-year Treasuries tanked to near lows At one…
ByGustan Cho
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This ARTICLE On How The Economy Affects The Housing Markets Was PUBLISHED On March 9th, 2020 Many home buyers want to know How The Economy Affects The Housing Markets. There are multiple factors on How The Economy Affects The Housing Markets And Homebuyers The economy has both a direct and indirect impact on the housing…
ByAlex Carlucci
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This BLOG On Understanding Insurance Protection For Consumers And Homeowners Was UPDATED And PUBLISHED On March 9th, 2020 Good morning open enrollment blog for day 1 of the open enrollment period to purchase health insurance. Avoid high out of pocket cost and medical bills by shopping for health insurance with multiple carriers Get fully covered,…
ByGustan Cho
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This BLOG On How To Prepare For Mortgage For First Time Home Buyers Was UPDATED And PUBLISHED On March 8th, 2020 The best way on How To Prepare For Mortgage is to first consult with a loan officer. Do not just talk to one loan officer but many loan officers and due to your own…
ByGustan Cho
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This BLOG On Limited Review Versus Full Review Condo Purchase Was UPDATED And PUBLISHED On March 8th, 2020 Due to the real estate and mortgage meltdown of 2008 and the historical number of foreclosures throughout the country, new FHA, Fannie Mae, and Freddie Mac mortgage guidelines have been implemented on condominium unit purchases. There are…
ByMike Gracz
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This Blog On The Pros And Cons Of Home Equity Conversion Mortgage Was Written By Mike Gracz There are the pros and cons of home equity conversion mortgage. A government-insured Home Equity Conversion Mortgage (HECM) offered the Federal Housing Administration (FHA) is one type of mortgage loan program commonly referred to as a reverse mortgage…
ByAlex Carlucci
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This ARTICLE On Jobs Report Numbers For February At 273,000 Despite Market Selloff Was PUBLISHED On March 7th, 2020 Record jobs report numbers for February were announced at 273,000 new jobs added in the U.S. This was great news despite the coronavirus outbreak uncertainty continues. The stock market selloff continues due to the fear and…
ByMike Gracz
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This ARTICLE On How Derogatory Credit Impacts Credit Scores For Mortgage Was PUBLISHED On March 6th, 2020 How Derogatory Credit Impacts Credit Scores For Mortgage: It is no secret Gustan Cho Associates are experts in mortgage lending when it comes to derogatory credit We receive inquiries every day regarding the waiting period to enter a…
ByMike Gracz
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BREAKING NEWS: This Article On Stocks Drop 1000 Points As Coronavirus Fear Returns Was PUBLISHED On March 5th, 2020 After the Dow Jones had a market selloff and entered correction territory last week, the Dow had another selloff today dropping almost 1,000 points. Stocks drop 1000 points as the coronavirus fear returns with another death…
ByAlex Carlucci
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This ARTICLE On Stocks Soar 1,100 Points After Super Tuesday And Stimulus Hopes Was PUBLISHED On March 4th, 2020 Stocks soar on Wednesday after the results of Super Tuesday and hope of more stimulus measures by the Trump Administration. Stocks soar more than 1,100 points which are 4.5% on Wednesday President Trump and his administration…
ByMike Gracz
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BREAKING NEWS: The Dow Surges 1200 Points On Hopes Of Central Bank Lowering Rates The Dow Surges 1200 Points on Monday after the biggest market selloff last week since the 2008 financial crisis. The bullish buying started as soon as the equity markets opened There was a total of six deaths in Washington State due…
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