Pros and Cons of Buying Versus Renting in California
This article analyzes the advantages and disadvantages of buying versus renting in California. The state has some of the highest real…
How Mortgage Underwriters Consider Verified Assets For Home Loan
When applying for a mortgage loan, homebuyers must present verified assets for home loan to the lender. Verified assets include…
Comparison of Mortgage Rates on Purchase and Refinance
This guide covers comparison of mortgage rates on purchase and refinance loans. Mortgage rates have been steadily going up to…
Home Inspection Before Starting The Mortgage Process
This guide covers home inspection before proceeding with the mortgage process. A home inspection is an inspection of a home…
Using FHA Loans For Self-Employed Borrowers to Buy a Home
In this blog, we will discuss and cover using FHA loans for self-employed borrowers on a home purchase. Using FHA…
Using 401k To Purchase Home Down Payment
Many homebuyers have substantial value on their 401k. They can use up to 60% of the value of their 401k for their down payment and/or closing costs on their home purchase. The amount used from their 401k is not used for their debt to income ratio calculations.
Housing Demand Strong Despite Highest Mortgage Rates
This guide covers housing demand strong despite highest mortgage rates and surging inflation numbers. Home sales throughout the United States…
Property Homeowners Insurance is Required By Lenders
Brent Norkus, an insurance agent for Goosehead Insurance covers property homeowners insurance in this extensive guide. Property homeowners insurance is…
How Does Rent-to-Own Homes Work?
In this guide, we will cover how rent-to-own homes work for homebuyers who cannot quite get traditional financing. When you…
Florida Housing Market For Homebuyers and Renters
There is no sign of any housing market crash, especially in Florida. Home prices are booming with no signs of any correction.
How Property Taxes on New Construction Homes Are Calculated
This blog will discuss how mortgage underwriters calculate property taxes on new construction homes. Property taxes on new construction homes…
HUD DACA Mortgage Guidelines For DREAMERS on FHA Loans
This article will cover HUD DACA mortgage guidelines on FHA loans for DREAMERS. Gustan Cho Associates have some good news…
Home Mortgages | Home Purchase | Mortgage Processing And Underwriting | Qualifying & Getting Pre-approved | Regulations | Videos
How Qualified Mortgages Affect Borrowers and Lenders
This guide covers how qualified mortgages affect borrowers and lenders on residential loans. To avoid another 2008 financial crisis, Congress…
Furnishing Your New Home Purchase Prior To Closing On Home Loan
Congrats on your new home purchase! We’ll guide you through the exciting process of Furnishing Your New Home Purchase Prior…
Home Builders Steering Lenders Mortgage Guidelines
The practice of home builders steering lenders refers to the common industry practice of recommending or ” steering” homebuyers toward…
What Is The Benefit of Buying a House in California Versus Other States
This guide covers the benefit of buying a house in California versus other states. California reached record home prices Despite…
Upfront Costs For Mortgage Loans Prior To Closing
This guide covers upfront costs for mortgage loans prior to closing. What would you do as a borrower if a…
First Time Home Buyers | Home Mortgages | Home Purchase | Qualifying & Getting Pre-approved | Videos
Is Homeownership The Best Way To Build Wealth?
This blog will cover how to build wealth by owning versus renting a home. We will show you how quickly…
EPM Empowered Down Payment Assistance Mortgage Program
This guide covers EPM Empowered down payment assistance mortgage programs. There are several types of down payment assistance mortgage programs…
Commercial Loans | Condominium Loans | Home Mortgages | Home Purchase | Investment Homes | Real Estate | Real Estate Topic | Second Homes
Investing in Real Estate in The Virgin Islands
In recent years, the United States Virgin Islands have seen an unprecedented boom in tourism. Money started trickling into the island through investments and tourism. This means that even the hospitality industry has directly
High Debt To Income Ratio | Home Mortgages | Home Purchase | Mortgage Processing And Underwriting | Videos
DTI Calculations in Community Property States Guidelines
This guide covers DTI calculations in community property states mortgage guidelines. DTI calculations in community property states are calculated differently…
Preparing For Mortgage Process In Illinois
This guide covers preparing for mortgage process in Illinois. Preparing For Mortgage Process In Illinois is different than other states….
