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This BLOG On 2019 Artic Blast Can Cause Homeowners Havoc With Sub-Zero Temperatures Was PUBLISHED On January 26th, 2019 The Artic Blast Can Cause Homeowners Havoc this weekend. Sub-zero temperatures and the coldest temperatures is hitting dozens of states. Midwestern States like Illinois, Wisconsin, Ohio, Michigan, Minnesota is expected to get over 10 inches of snow Artic…
ByGustan Cho
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This BLOG On Government Reopens And What This Means For Housing Market Was PUBLISHED On January 26th, 2019 The 2019 historic partial government shutdown has temporarily ended on Friday January 26th, 2019. Government Reopens temporarily until February 15th, 2019 The government reopens for three weeks During the upcoming three weeks, President Donald J. Trump will…
ByGustan Cho
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This BLOG On Mortgage With Outstanding Bad Credit Versus Bankruptcy Was UPDATED On January 26th, 2019 Home Buyers can qualify for a mortgage with outstanding bad credit. Many lenders will require borrowers to pay off outstanding collections and charge off accounts to qualify for FHA, VA, and Conventional Loans We will discuss FHA Loans on this…
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This BLOG On How Filing Bankruptcy Affects Applying For Mortgage Versus Not Filing Was UPDATED On January 26th, 2019 Bankruptcy is a federal law that enables a person who is overwhelmed in debts to seek relief from the courts. Consumers can either discharge all of their debts or structure a repayment plan to pay their creditors….
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This BLOG On What Are Payday Loans And Using It To Establish Credit Was UPDATED On January 26th, 2019 Payday loans are personal loans given by a private business that is other than a bank or credit union. These loans are not recommended due to the extremely high-interest rates they charge. However, for disciplined consumers, it…
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This BLOG On Benefits Of 15 Year FHA Loan Versus 30 Year Terms Was UPDATED On January 25th, 2019 FHA mortgage insurance premium is a large portion of the monthly mortgage payments. HUD, the parent of FHA, sets all FHA Guidelines including those of mortgage insurance on all FHA Loans. Borrowers with 30-year fixed-rate FHA Loans…
ByAlex Carlucci
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This BLOG On Do’s and Don’ts When Choosing Realtor for a Post Military Move Was UPDATED On January 24th, 2019 When you separate from the military, you’ll find that you have a lot of things to sort out. One of these things will be finding a new home, especially if you’ve been living on base…
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This BLOG On What To Do If Borrowers Got Mortgage Denial From Bank Was UPDATED On January 23rd, 2019 Most first time home buyers normally go to their local bank to see if they qualify for a residential mortgage loan. Banks are full-service lending institutions Banks cater to the general public in lending the following types of…
ByGustan Cho
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This BLOG On Federal Workers Paying Mortgage Payments Affected By Shutdown Was PUBLISHED On January 22nd, 2019 The government shutdown is passing the 30 day mark. The government is calling this as a partial government shutdown where only 25% of the government is shutdown However, over 800,000 federal employees are affected by this shutdown There are…
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In this blog, we will cover the mortgage balance of Utah Mayor Family Paid Off in Full by Charity. The Mortgage Balance Of Utah Mayor Family Paid Off in full. The Tunnel To Towers Foundation headed by Chief Executive Officer Frank Sillar was responsible for making this dream come true happen to the Taylor Family….
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This ARTICLE On Fallen Newman Police Officer’s Mortgage Paid Off By a Charity Was Written By Staff Writer At Gustan Cho Associates For any American household, their home mortgage is their largest debt and monthly expense. Often times when the main breadwinner of the family dies or loses their job, they often cannot afford their…
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This BLOG On Re-Establishing Credit During Waiting Period After Bankruptcy Was UPDATED On January 21st, 2019 Life is not over after bankruptcy, foreclosure, deed in lieu of foreclosure, or short sale. People go through a financial crisis such as job loss, business loss, divorce, medical issues, and other extenuating circumstances where their household income is lost…
ByGustan Cho
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This ARTICLE On Is It Worth Using Digital Accounting Software? Read Pros and Cons to Decide Was Written By Staff Writer At Gustan Cho Associates With the majority of businesses using software to handle their financial matters, the pros and cons of digital accounting ought to be considered, if you too are thinking about using…
ByGustan Cho
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This BLOG On Homeowners Who Should Refinance Now To Save Money Was UPDATED On January 20th, 2019 Par mortgage rates are still under 5.0% for prime borrowers. Mortgage rates are at a 23 month high Prime borrowers are consumers with credit scores of at least 740 FICO and who have 20% down payment for a home…
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This BLOG On How Do Mortgage Lenders View Periods Of Unemployment Was UPDATED On January 18th, 2019 Qualified income is extremely important when qualifying for a residential home loan. Can borrowers qualify with gaps in employment in the past two years? The answer to the above question is an absolute YES. Most lenders do want to…
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This BLOG On Credit And DTI Guidelines On Conventional Loans Versus FHA Loans Was UPDATED On January 18th, 2019 Credit And DTI Guidelines On Conventional Loans have tighter mortgage lending requirements compared to FHA loan mortgage programs. To qualify for a 3.5% down payment FHA loan, the mortgage applicant only needs a 580 FICO credit score To…
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Fannie Mae and Freddie Mac are the two mortgage giants that set conforming mortgage guidelines. Conventional Loans also referred to as conforming loans, are not government loan However, banks and lenders who originate and fund conforming loans need to abide and follow Fannie Mae and/or Freddie Mac guidelines in order for them to be able…
ByGustan Cho
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This BLOG On Property Tax Appeal For Homeowners With High Property Taxes Was PUBLISHED On January 15th, 2019 Property Taxes are one of the highest expenses homeowners have. Not all properties that are like and similar have the same property taxes Property taxes vary from state to state, county to county, city to city Homeowners…
ByAlex Carlucci
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This Article On Manners Today At The Workplace By Fellow Co-Workers Was UPDATED On January 15th, 2019 This sounds like a topic you would have with a kindergarten class. Unfortunately, many grown-ups don’t understand that using good manners, being polite and showing respect will help improve your everyday life. I’m still part of a full-time workforce…
ByAlex Carlucci
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This BLOG On How Loan Officers Prepare Borrowers For Mortgage Underwriters Was PUBLISHED On January 14th, 2019 How Loan Officers Prepare Borrowers for mortgage underwriters depends on the individual loan officer. Most experience loan officers will make sure all mortgage documents is complete before submitting a loan Any missing docs and/or pages will be potential delays…
ByGustan Cho
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This BLOG On NON-QM Loans Versus Back to Work Mortgage Loan Program Was UPDATED On January 10th, 2019 All government and conventional loan programs have waiting period requirements after the following: Chapter 7 Bankruptcy Foreclosure Deed In Lieu Of Foreclosure Short Sale In this article, we will cover and discuss NON-QM Loans Versus Back To Work…
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