ByGustan Cho, NMLS 873293
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This guide covers how to prepare for a mortgage as a first-time homebuyer. The best way to prepare for a…
ByGustan Cho, NMLS 873293
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Mortgage underwriters qualify borrowers by verifying the income, employment, credit, debts, assets, and property information used in the mortgage application….
ByGustan Cho, NMLS 873293
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Waiting period mortgage guidelines describe the period of time, usually after bankruptcy, foreclosure, short sale, or deed in lieu, that…
ByMike Gracz, NMLS: 1160212
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Colorado mortgage loan limits are not the same in every county. For 2026, the standard conforming limit for a one-unit…
ByMike Gracz, NMLS: 1160212
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In this blog, we will cover ARM versus fixed-rate mortgages. ARM stands for an adjustable-rate mortgage. An Adjustable-Rate Mortgage is…
ByGustan Cho, NMLS 873293
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In community property states, debt-to-income (DTI) calculations differ when a married individual applies for a mortgage without their spouse. The…
ByTanhia Romero
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If you’ve been turned down for a mortgage, it doesn’t mean homeownership is out of reach. One powerful option many…
ByTanhia Romero
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If you’re married and you buy a home in a community property state, you’ll face different rules for qualifying. Most of these rules come into play if you finance your home with a government-backed home loan like the FHA, VA or USDA programs.
ByAlex Carlucci, NMLS: 229891
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Real Estate Referral Agent for Homebuyers: Find the Right Buyer’s Agent This guide will cover the preferred real estate referral…
ByGustan Cho, NMLS 873293
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All mortgage loan programs require a maximum front debt-income ratio and back debt to income ratio. However, conventional loans do not require a front debt to income ratio. VA loans do not have a debt to income ratio requirements. Lenders can have lender over lender overlays on debt to income ratios.
ByGustan Cho, NMLS 873293
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Despite its long history, the term ‘yield spread premium’ still puzzles many mortgage professionals. In the past, wholesale mortgage lenders…
ByTanhia Romero
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Lenders can offer 100% with no mortgage insurance at competitive low mortgage rates on VA loans due to the government guarantee against loss or foreclosure on VA loans. VA loans have no maximum debt-to-income ratio cap on VA loans.
ByGustan Cho, NMLS 873293
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This guide covers mortgage pre-approval issued by underwriters. Over 80% of our borrowers at Gustan Cho Associates are folks who…
ByGustan Cho, NMLS 873293
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This guide covers things that determines your mortgage rates on home loans. Mortgage rates are the interest rates that you…
ByGustan Cho, NMLS 873293
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Real Estate Closing: Step-by-Step Process for Buyers and Sellers This guide will cover the frequently asked questions about real estate…
ByMike Gracz, NMLS: 1160212
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Refinancing a California mortgage means replacing your existing home loan with a new mortgage. It may help you lower your…
ByGustan Cho, NMLS 873293
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About Us at Gustan Cho Associates Gustan Cho Associates is a national five-star mortgage company licensed in multiple states with…
ByAlex Carlucci, NMLS: 229891
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Direct and correspondent lenders can both originate, process, close, and fund mortgage loans. A direct lender typically funds the mortgage…
ByAlex Carlucci, NMLS: 229891
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Changes to 2-to-4 Unit Fannie Mae Multi-Family Mortgage Guidelines This manual addresses the modifications in down payment and self-sufficiency for…
ByGustan Cho, NMLS 873293
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This blog aims to explore the difference between correspondent lending and mortgage brokers. A common inquiry we receive regularly pertains…
ByGustan Cho, NMLS 873293
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Credit Score Required for Mortgage on Home Loans This guide covers the credit score needed for mortgage on home loans….
ByGustan Cho, NMLS 873293
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In this guide we will cover and discuss the automated underwriting system approval, which is also referred to as AUS…
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