GCA Mortgage will create easy-to-understand mortgage guides for our clients to better understand the types of mortgage options available for owner-occupant homes, second and vacation homes, and investment and commercial properties. We will also have useful links to guides to the home buying and mortgage process on this page. Gustan Cho Associates is a mortgage broker licensed in 48 states with over 170 wholesale mortgage lenders.

USEFUL LINKS: Why Are Mortgage Loans Denied By Lenders?

Why Choose Gustan Cho Associates? 

The team at Gustan Cho Associates are experts in being able to do loans other lenders cannot do. Many homebuyers, sellers, and realtors do not believe a mortgage group like GCA Mortgage exists. Due to the demand for our services nationwide, Gustan Cho Associates has expanded our business model in 48 states. Over 75% of our borrowers are folks who could not qualify at other lenders due to a last-minute loan denial, stress during the mortgage process, or because the lender did not offer the loan program they needed.

USEFUL LINKS: Why Gustan Cho Associates?

Deciding To Buy Versus Rent a Home

Once you have decided you no longer want to rent and want to purchase a home, that sets the foundation for becoming a homeowner. The team at Gustan Cho Associates are experts in helping first-time homebuyers realize their dream of homeownership become a reality. The team at GCA Mortgage likes to educate our borrowers about the homebuying and mortgage process to set proper expectations and avoid stress during the mortgage process.

Understanding the Mortgage Process

The mortgage process does not have to be stressful. There is no reason why a homebuyer cannot close on their home loan on time. Understanding the loan estimate and how much money is needed to buy a home can often be confusing.  However, going through the mortgage application and approval process is a process. The cooperation of the borrower is needed for a loan to move along the process so it can close on time.

USEFUL LINK: Timeline From Application To Mortgage Closing

Getting Qualified and Pre-Approved With The Right Lender

With lending partnerships with over 170 wholesale mortgage lenders, Gustan Cho Associates has every available mortgage loan program for owner-occupant homes, second and vacation homes, investment properties, and commercial properties. We have a reputation for being a one-stop mortgage shop. Gustan Cho Associates has the states (licensed in 48 states), products (170 wholesale lenders), and rates (lowest rates in the industry due to being on a broker comp platform).

USEFUL LINK: Best Wholesale Mortgage Lenders For Non-Prime Loans

How to Proceed with the Mortgage Process Without Stress

In the following paragraphs, we will explain how to go through the mortgage process without stress. We will explain the steps of the qualification process starting with the initial loan consultation to getting pre-approved, to entering into a home purchase contract. We will then explain what to expect for the steps of the mortgage and underwriting process leading to the clear to close and eventually home closing.

USEFUL LINK: How To Avoid Stress During The Mortgage Process

How Much You Can Afford Versus Qualify

Deciding to become a homeowner and buying a house is a huge commitment. Before you consult with a loan officer, one of the things you need to do is answer the most important question How Much Can I Afford Versus Qualify?  Your loan officer is not going to count certain debts and/or expenses when qualifying you for a mortgage.

USEFUL LINK: How Much Home Can You Afford Versus Qualify

The Ability to Repay Your Home Mortgage

What is the maximum monthly debt you can have for your housing payment? Certain debts such as utilities, food, childcare, vacations, education, fuel, auto, and maintenance are not counted towards your mortgage pre-approval. You would not want to be house rich and money poor. You do not want to have the majority of your income going towards your new mortgage payment and not have the funds to do anything else.

USEFUL LINK: The Ability to Repay Your New PITI

Guides to Mortgage Resouces for Borrowers

Important Links Mortgage Resource Guides