Call or Text: (800) 900-8569
Email Us: alex@gustancho.com
ByGustan Cho
Posted on
How Do I Know If I Qualify For A Mortgage? All loan programs have different lending guidelines. However, you normally need timely payments in the past twelve months and need qualified income and have the ability to repay your new mortgage.
ByGustan Cho
Posted on
How Does Rapid Rescore Assist You in Securing a Mortgage in 2024? Imagine this: You’re almost ready to buy your dream home, but your credit score is holding you back. Maybe you’ve been working hard to pay down debt, or there’s a mistake on your credit report making your score look lower than it should…
ByAlex Carlucci
Posted on
Mortgage Charge Offs Lending Guidelines: Your Guide to Homeownership in 2024 Have you experienced a mortgage charge off and need clarification on what it means for your future as a homeowner? The good news is that even if your mortgage has been charged off, there are still opportunities to purchase or refinance a home. We…
ByAnngelli Abenes
Posted on
Credit Repair During FHA Loan Process: What You Need to Know in 2024 If you’re considering buying a home using an FHA loan, you might wonder how credit repair could fit into the picture. Improving your credit score is crucial, but navigating credit repair during the FHA loan process requires careful consideration. This guide will…
ByGustan Cho
Posted on
This guide covers the VA credit dispute guidelines on VA mortgage loans. VA loans are the best loan program in the U.S. The Department of Veterans Affairs created and launched VA Home Loans to reward our members of the United States Military in becoming homeowners. Active and retired members of the U.S. Armed Services with…
ByGustan Cho
Posted on
This guide covers checking your credit before buying home. Your credit score and credit report are significant in the mortgage approval process. Lenders use your credit information to assess your creditworthiness and determine the interest rates and loan terms they can offer. A higher credit score can lead to lower interest rates and better loan…
ByAnngelli Abenes
Posted on
This blog will discuss the HUD and Fannie Mae Guidelines on credit disputes during the mortgage process. We will outline the key points from the most recent updates to the HUD and Fannie Mae guidelines on credit disputes. Credit disputes occur when a consumer finds errors on their credit report that shouldn’t be there. The…
ByAnngelli Abenes
Posted on
If you have lower credit scores and multiple prior derogatory credit tradelines, FHA loans are your best bet to get an approve/eligible per automated underwriting system (AUS).
ByGustan Cho
Posted on
This guide covers credit in mortgage process. We will cover the difference between credit scores vs credit reports. Credit in mortgage process is probably one of the most important factors when it comes to residential home mortgages. There are two ways mortgage lenders view credit. Borrowers need to meet minimum credit score requirements. The minimum…
ByGustan Cho
Posted on
This guide covers identity theft process during mortgage application process. Identity theft process is one of the fastest growing crimes in America and every consumer should always make sure that their personal credit information is not accessible to anyone. Anyone can be a victim of identity theft process. All the thief needs is the following:…
ByGustan Cho
Posted on
This blog will discuss FHA mortgage guidelines on credit disputes during the mortgage process. In general, you cannot have credit disputes during the mortgage process. There are a few credit disputes exempt from removal. Gustan Cho Associates is an expert in working with borrowers who have credit disputes. The following sections will discuss the FHA…
ByGustan Cho
Posted on
This blog will cover how mortgage underwriters look at credit report vs credit scores. Minimum credit scores are required to qualify for government and conventional loans. Here are the credit score requirements: HUD requires a minimum credit score of 580 for a 3.5% down payment on home purchases. HUD allows borrowers under 580 credit scores…
ByGustan Cho
Posted on
Gustan Cho Associates Has Special Tricks On Ways Of Boosting Credit Before Applying For Mortgage. Do not hire any credit repair companies if you are planning on applying for a mortgage. Credit repair does more harm than good during the mortgage process. You cannot have credit disputes during the mortgage process.
ByGustan Cho
Posted on
This guide addresses the issue of credit tradelines not reporting to credit bureaus. When faced with this situation, finding solutions can be frustrating and challenging. I experienced this and will share my experience dealing with credit tradelines that must be reported to credit bureaus. There were no answers available, and the automated systems of the…
ByAli
Posted on
This guide covers common credit score questions from first-time homebuyers. What does a “good credit or good FICO” really mean One of the most important achievements in life (amongst many others) is to build a good credit history and thus achieve a respectable FICO score right? We all work very hard in life, day in…
ByDale Elenteny
Posted on
In this article, we will discuss and cover the FHA credit guidelines on how to get qualified for an FHA loan.. This will include how to get an approve/eligible per automated underwriting system and what credit guidelines are required on manual underwriting. we will cover the newest updates on recent late payments in the last…
ByAli
Posted on
This guide covers how credit repair works during the mortgage process. A substantial percentage of my borrowers are folks who had previous credit issues, prior bankruptcies, foreclosures, a deed in lieu, or short sales and have overcome the financial issues and are now ready to purchase a home. HUD, the parent of FHA, does not…
ByAlex Carlucci
Posted on
IIn this blog, we will discuss and cover VA credit dispute guidelines during the mortgage process. VA loans is hands down the best mortgage loan program in the U.S. However, not everyone can qualify for VA loans. Only active or retired members of the U.S. Armed Forces with a certificate of eligibility (COE) can only…
ByApril Ramirez
Posted on
In this article, we will cover and discuss how credit disputes affect mortgage process and cause loan denial. The pre-approval stage of the mortgage process is the most important part of the overall mortgage loan process. Credit disputes are not allowed on FHA loans during the mortgage process unless the credit disputes are exempt, says…
ByGustan Cho
Posted on
This guide covers how credit repair can affect the mortgage process and cause a mortgage loan denial. There are several things to keep in mind with how credit repair can affect the mortgage process. Many people want to know the fastest way to repair credit and improve credit score to qualify for a mortgage. Homebuyers…
ByGustan Cho
Posted on
This guide covers changes in credit report during mortgage process. Credit scores and debt-to-income ratios determine whether borrowers qualify for a home loan and the type of loan program borrowers qualify for. Lenders do not only go by credit scores. Mortgage underwriters will also review the credit report and the credit history. Late payments in…
CALL NOW