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ByGustan Cho
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This BLOG On How Much Money Do I Need For A Home Purchase Was UPDATED On July 30th, 2019 One of the most common first time home buyer questions is How Much Money Do I Need For A Home Purchase. On all home purchase transactions, there are two types of funding a home buyer needs: The home…
ByMike Gracz
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This article is about Buying Your First Home Alabama With A Lender With No Overlays Buying your first home in Alabama State for the first time can be very exciting. However, the mortgage process is complex The whole mortgage industry went through a major overhaul of the markets after the Great Recession of 2008 There…
ByGustan Cho
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This ARTICLE On The Best Canadian Cities For U.S. Citizens To Move Was PUBLISHED On July 25th, 2019 Have you been thinking about moving out of the country? For many U.S. citizens, Canada is the ideal place to be an expat. It’s an English-speaking country that allows residents to have a good lifestyle, find a…
ByMike Gracz
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This Article On Locking Mortgage Rates During Mortgage Process Was PUBLISHED On July 22nd, 2019 Gustan Cho Associates at NEXA Mortgage, LLC offer highly competitive interest rates on their mortgage products. Many clients are confused during the mortgage process Many are unclear in Locking Mortgage Rates During Mortgage Process Locking Mortgage Rates is different for each…
ByAlex Carlucci
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This Blog On How To Boost Credit Scores With Recent Collection Account Was PUBLISHED On July 19th, 2019 Borrowers can qualify for FHA Loans with outstanding collection accounts as well as charged-off accounts without having to pay them off. The United States Department of Housing and Urban Development commonly referred to as HUD, is the parent of…
ByGustan Cho
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This ARTICLE On Smart Ways To Pay Off Your Debt Was PUBLISHED ON July 18th, 2019 The obsession people have with living “the good life” creates problems. It tends to give people cause to go into debt. The truth is far too many people have become overly-reliant on credit cards to navigate their day-to-day lives….
ByGustan Cho
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This ARTICLE On The Cost Of College And How It Affects Qualifying For Mortgage Was PUBLISHED On July 18th, 2019 The Cost Of College: Be Prepared Parents!!! The cost of college education for parents can be overwhelming. The Cost of College has escalated throughout the years Many parents with children approaching college need to start thinking…
ByAlex Carlucci
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This article cover Mistakes Sellers Make Choosing A Realtor On Purchase And Listing Selling a home should be similar to other business transactions, but often sellers make emotional, impulsive decisions that cost them time and money. Most Common Mistakes Sellers Make Choosing A Realtor On Purchase And Listing Here are the most common mistakes sellers make…
ByGustan Cho
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10 Steps To Manage Your Debt in 2019 For Consumers It can get very difficult for some people to handle their finances and pay off what they owe. Which is why they often fall into debt as they’re trying their best to make a living and survive as well. To break free from your debt…
ByAlex Carlucci
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This ARTICLE On The Most Popular Amenities For Increasing Vacation Rental Bookings Was PUBLISHED On July 12th, 2019 Statistics reveal that the vacation rental market industry, which used to be worth $100 billion last year, is now projected to increase for up to $167.9 billion by the end of 2019. With an average revenue per user,…
ByGustan Cho
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This BLOG On Fannie Mae Down Payment Guidelines On Conventional Loans Was PUBLISHED On July 8th, 2019 There are Fannie Mae Down Payment Guidelines that home buyers need to follow when getting conventional loans. Down payments on home purchases are required Down payment on conventional loans is different for owner-occupied properties, multi-unit properties, second homes,…
ByGustan Cho
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This blog on Why Do Lenders Have Different Requirement On Credit Scores Was PUBLISHED On July 5th, 2019 Why Do Lenders Have Different Requirement On Credit Scores And Individual Lender’s Requirement On Credit Scores: There are mortgage lending guidelines on the minimum requirement on credit scores in order to qualify for a particular mortgage loan program…
ByAlex Carlucci
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This BLOG On USDA Loan Guidelines For Home Buyers In Rural Areas Was PUBLISHED On July 1st, 2019 USDA Loan Guidelines: The United States Department of Agriculture has a guaranteed mortgage loan program that it sponsors USDA loans are residential mortgage loans that are commonly also known as the USDA Rural Development Guaranteed Housing Loan…
ByAlex Carlucci
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This Article Is About Conventional Mortgage Rates Drop To A 24 Month Low Conventional Mortgage Rates hit a 24 month low. The Federal Reserve Board has announced they will not be increasing interest rates for the remaining year of 2019 Mortgage Rates have been dropping since January 2019 and has recently hit a 24 month…
ByAlex Carlucci
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This BLOG On Recourse And Non-Recourse Loans And Major Differences Was UPDATED And PUBLISHED On June 22nd, 2019 The difference between recourse and non-recourse loans are that borrowers are personally liable for recourse loans. With non-recourse loans, borrowers are not personally liable. All primary owner-occupant properties are recourse mortgages. Non-Recourse loans are for investment and…
ByAlex Carlucci
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This BLOG On Mortgage Rates Have Recently Been Dropping Was UPDATED On June 21st, 2019 30 year fixed FHA mortgage rates have been as low as 4.25% and 30-year fixed Conventional mortgage rates have been as low as 4.5% earlier this year. FHA mortgage rates have spiked up to the upper 4.0% Conventional mortgage rates have…
ByAlex Carlucci
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This article on Is Refinance Boom Over For Homeowners Due To Mortgage Rates Many homeowners still have higher mortgage rates and have been waiting to refinance their mortgage loans hoping that the mortgage rates will drop below the 4.0% mark. Others still have mortgage loan balances that are higher than the value of their homes…
ByGustan Cho
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This Article Is About Time To Refinance Due To Lowest Mortgage Interest Rates In 2 Years Most homeowners who closed on their mortgage loans last year in 2018 closed them at higher rates. Mortgage interest rates in 2018 were the highest since the 2008 Real Estate and Banking Meltdown Homeowners who have mortgage interest rates…
ByGustan Cho
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This Article Is About Authorized Credit Card User Benefits In Establishing Credit There are many home buyers who are qualified for a home mortgage but do not quite meet the minimum credit score requirements. Many have paid all of their bills in time for the past two years but have lower credit scores The key…
ByGustan Cho
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This Article Is About Real Estate Meltdown Of 2008 And How It Affected Non-QM Mortgages Until 2008, home values have been consistently appreciating year after year for 15 plus years. Nobody in the world ever thought that the real estate and credit markets would crash. Real Estate Investments was considered one of the safest investments…
ByAlex Carlucci
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This Article Is About The FED To Lower Rates In 2019 Will Spike Refinancing News the FED To Lower Rates in 2019 lower mortgage rates at a 24 month low. However, rates had a sudden spike last week due to President Trump’s threat in implementing tariffs Mortgage rates on a 30 year fixed rate conventional…
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