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ByAlex Carlucci
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This BLOG On Mortgage Rates Increase And How It Affects The Housing Markets Was UPDATED And PUBLISHED On February 29th, 2020 Are Days Of Low Mortgage Rates Over Mortgage Rates Increase Again After the election of President Donald J. Trump, the economy has been booming like never before in history. Unemployment rates are an all…
ByAlex Carlucci
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This ARTICLE On Stocks Selloff Drops Dow Over 10% Since All-Time High Was PUBLISHED On February 27th, 2020 The U.S. economy has been booming since President Donald Trump has been elected as the 45th President of the United States. Never in history has the economy been so strong Record numbers were set month after month,…
ByMike Gracz
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This BLOG On California Home Buyer Down Payment Assistance Program Was UPDATED And PUBLISHED On February 23rd, 2020 Program Eligibility For California Home Buyer Down Payment Assistance Program: What is the California Home Buyer Down Payment Assistance Program? Down Payment Assistance program that is available to first time home buyers who are residents of the…
ByGustan Cho
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This article on 8 Key Things to Keep in Mind When Looking at Buying an Older Home Was PUBLISHED On February 21st, 2020 There are many reasons why people opt for looking at and purchasing an older home versus a new construction home. The purchase of an older home can be very rewarding, but just…
ByAlex Carlucci
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This ARTICLE On Chicago Ranked Most Corrupt City In The United States Was PUBLISHED On February 19th, 2020 Chicago Ranked Most Corrupt City in the United States. Corruption in Chicago has been an epidemic for many decades The FBI and other law enforcement agencies have been working diligently for years in investigating and indicting corrupt…
ByGustan Cho
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This Article On Preparing Credit For Mortgage Loans With Bad Credit Was UPDATED And PUBLISHED On February 14th, 2020 Preparing Credit For Mortgage is one of the first things any home buyer needs to do prior to shopping for a home. Homebuyers planning in buying a home in the near future should consult with a…
ByMike Gracz
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This ARTICLE On Credit Report Analysis By Mortgage Underwriters During Loan Process Was PUBLISHED On February 9th, 2020 The borrowers’ credit report will be through a thorough credit report analysis by mortgage underwriters. A credit report contains the following information on borrowers: employment work history date of birth social security number address previous addresses creditors…
ByGustan Cho
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In this blog, we will discuss and cover our 21-day fast-track TBD home purchase loan program. Gustan Cho Associates offers a fast-track TBD loan program when most mortgage loans close in 21 days or less. Realtors love this program where borrowers do not need a subject property. Our mortgage processor will process the mortgage file…
ByAlex Carlucci
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This article is about Homeownership Levels In The U.S. Recorded To Be Highest Since 2013 The U.S. economy is on fire and booming. The Dow Jones Industrial Averages are hitting new record highs daily Unemployment rates have hit a 50-year low Interest rates are at an all-time low Wages for American workers are at a…
ByAlex Carlucci
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This article is about Buying Property With 1031 Tax-Free Exchange Real estate investors who purchased investment property and decide to sell it, they will need to pay capital gains tax on the sale. Generally, real estate investors need to pay capital gains tax on the profit made from the sale of the property after expenses…
ByGustan Cho
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This BLOG On Minimum Down Payment Conventional Mortgage Loan Program Was UPDATED And PUBLISHED On January 17th, 2020 There are various minimum down payment requirement mortgage loan programs for home buyers. Homebuyers who do not want to pay a monthly mortgage insurance premium, the minimum down payment required is 20% Conventional loans are different than…
ByGustan Cho
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This article is about 1031 Tax Exchange For Real Estate Transactions Real estate exchanges are alive and well! The real estate market has recovered and real estate investors are buying and selling investment properties. Real estate investors have been holding steady over the past few years watching the values of their investment properties diminish while…
ByGustan Cho
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This BLOG On FHA 203h Loans Mortgage Qualification Requirements Was UPDATED And PUBLISHED On December 21st, 2019 Folks who are or have been a victim of a major disaster are and the President of the United States has declared it as a disaster area will be able to qualify for FHA 203h loans. 2018 is…
ByMike Gracz
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This ARTICLE On Purple Heart Veterans Updated Mortgage Guidelines was PUBLISHED On December 12th, 2019 Many loyal Gustan Cho Associate’s readers are veterans. We are thankful for our veterans and offer VA mortgage loans without any LENDER OVERLAYS A VA mortgage is a great tool to help those who have served our country achieve homeownership…
ByAlex Carlucci
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This ARTICLE On Illinois Home Values Decline Due To Rising Property Taxes Was PUBLISHED On December 7th, 2019 Illinois holds the second-place record for having the highest property taxes. New Jersey holds the throne as having the highest property tax rate in the Nation However, New Jersey’s property taxes have stabilized Many counties in Illinois…
ByGustan Cho
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This breaking news article on Jobs Growth For November 2019 Skyrockets To 50-Year Record Was PUBLISHED On December 6th, 2019 Jobs Growth numbers were released this morning by the U.S. Labor Department. The job growth numbers came in better than expected sending the Dow Jones Industrials soaring triple digits The U.S. economy is booming under…
ByAlex Carlucci
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This ARTICLE covers the CFPB Eliminating TRID to help mortgage borrowers. Breaking News on CFPB Eliminating TRID: The mortgage industry was completely revamped after the 2008 Credit and Mortgage Meltdown. All subprime lenders closed their doors. Teaser rates were the cause of countless homeowners foreclosing on their homes. Mortgage Fraud was common and was blamed…
ByGustan Cho
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This ARTICLE On Fannie Mae And Freddie Mac Increases Conventional Loan Limit To $510,400 Was PUBLISHED On November 26th, 2019 The housing market is booming. Actually, the housing market has been on fire for the past several years with no sign of a correction With the exception of a few states, home prices have been…
ByGustan Cho
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This article on FHA Versus Conforming Mortgage Rates On Purchases And Refinances There two types of home loan programs: Government Loans Conventional Loans There are three types of government loans: FHA Home Loans VA Loans USDA Loans Conventional Loans are often called conforming loans. The reason being so is conventional loans need to conform to…
ByAlex Carlucci
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This ARTICLE On The Southern California Wildfires And How It’s Affecting Housing Market Was UPDATED And PUBLISHED On November 18th, 2019 Southern California Wildfires is affecting many homebuyers due to the difficulty in getting homeowners insurance. California is the most populous state in the nation The state has a financial crisis due to the major…
ByAlex Carlucci
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This ARTICLE On Chicago Corruption Ranks As The Top In The Nation Was PUBLISHED On November 17th, 2019 The Second City, Chicago, may be the nation’s second-largest city but it ranks as the number one city in the Nation when it comes to corruption. Illinois ranks as the top third city when it comes to…
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