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ByApril Ramirez
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This guide covers things that determines your mortgage rates on home loans. Mortgage rates are the interest rates that you pay for your mortgage loan. Many factors determine what mortgage rates will be offered to you. John Strange, a senior loan officer at Gustan Cho Associates, explains how no two borrowers will get the same…
ByGustan Cho
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This guide covers applying for and getting approved for home loans with no credit. We have covered many blogs on how to get loans with bad credit, fair credit, and good credit, and blog topics on how to re-establish credit with a bad credit payment history. Gustan Cho Associates Mortgage Group has no lender overlays…
ByCharlotte Hopper
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This guide covers frequently asked questions disputing fraudulent credit card charges. We will detail how to avoid and protect yourself from fraudulent credit card charges and how to deal with a situation if you become a victim of fraud. Here are the FAQs on fraudulent credit card charges we will be covering in this guide:…
ByAlex Carlucci
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This guide covers mortgage approval without retracting credit disputes. HUD, the parent of FHA, does not allow credit disputes on derogatory credit tradelines such as late payments, charge-offs, bankruptcy, foreclosure, short sale, repossessions, and non-medical collections. Dale Elenteny, a senior loan officer at Gustan Cho Associates, explains about getting mortgage approval without retracting credit disputes…
ByGustan Cho
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This guide covers mortgage rates on bad credit score loans. Are mortgage rates on bad credit loans higher? Having bad credit does not affect mortgage interest rates. Credit scores do. This is especially true on Conventional Loans. Conventional loans do affect mortgage interest rates more so than government loans. In this article, we will discuss…
ByGustan Cho
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In this guide, we will cover how errors on credit reports affect AUS Findings. One of the most important things to realize before a mortgage loan application can be processed and underwritten is to get a DU ( Desktop Underwriter ) automated approval by Fannie Mae’s Automated Underwriting System. Fannie Mae’s Automated Underwriting System is…
ByGustan Cho
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This blog will cover the credit score needed for mortgage on home loans. We will cover the frequently asked question what is the minimum credit score needed for mortgage? Many home buyers, especially first-time home buyers, often question the minimum credit score needed for a mortgage. Credit Scores and Income are the two most important…
ByGustan Cho
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This guide covers what is the lowest credit score allowed for mortgage approvals. The team at Gustan Cho Associates gets countless daily calls from our viewers about what is the lowest credit score allowed for mortgage approvals. Many borrowers often get confused about why lenders have different credit score requirements on FHA, VA, USDA, and…
ByGustan Cho
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In this article, we will cover the correlation between credit card balance vs credit scores. There are mortgage guidelines on credit score requirements. The first step in qualifying for a particular mortgage loan program is to meet the minimum credit score requirements. The higher the credit scores, the lower the borrower’s mortgage rates. It is…
ByMike Gracz
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If you are in the market for a mortgage loan, you know the importance of credit scores for home loans during periods of high inflation and increasing rates. Having low credit scores can be incredibly frustrating. You can wreck them in one night and can take years to rebuild. In this blog, we will detail the…
ByDale Elenteny
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In this article, we will cover and discuss shopping for mortgage lenders for a home with bad credit in Iowa with competitive mortgage rates and no discount points. Homebuyers can qualify for a home loan with bad credit in Iowa. You do not have to settle for high rates and 4% discount points to qualify…
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