Call or Text: (800) 900-8569
Email Us: alex@gustancho.com
ByGustan Cho
Posted on
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
Posted on
This guide covers when the right time to buy a home with high mortgage rates, skyrocketing home prices, and soaring inflation. Many wonder when the right time to buy a home is. Home prices have been rising for the past three years. Due to rising home prices, HUD and the Federal Housing Finance Agency have…
ByGustan Cho
Posted on
Many borrowers are confused about how lenders price mortgage rates. How can mortgage rates just under 3.0% just a little over a year ago hit 6.5% in such a short time? Mortgage rates are hitting historic highs due to the Federal Reserve Board’s increasing rates to fight the skyrocketing inflation rate. Most people do not…
ByAlex Carlucci
Posted on
In this article, we will discuss and cover the borrower review of Gustan Cho Associates. Just this past June 2, 2023, I received a frantic call from a home buyer who was extremely disturbed. This was because she learned from multiple mortgage lenders in her community that she could not qualify for a conventional loan…
ByJoe Betro
Posted on
This guide will cover finding the best mortgage lenders for the best rates. Buying a home is a significant milestone, a dream-come-true to many. However, this process can be overwhelming! Not all mortgage lenders have the same mortgage rates. There are mortgage lenders for the best rates. We will show you how to shop for…
ByGustan Cho
Posted on
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…
ByGustan Cho
Posted on
In this article, we will cover and discuss how mortgage lenders determine interest rates. Many home buyers and homeowners often get confused when they shop for rates on how mortgage lenders determine rates. Mortgage borrowers should be aware of the various how mortgage lenders determine rates prior to applying for a mortgage. Not all borrowers…
ByAlex Carlucci
Posted on
Many homebuyers are often confused when they are applying for a mortgage about why they are getting two rates, APR versus interest rates, from mortgage lenders. One of the many frequently asked questions at Gustan Cho Associates is why is APR higher than the quoted mortgage interest rate. The APR is always higher than the…
ByAlex Carlucci
Posted on
In this article, we will discuss and cover the rising mortgage rates in hot housing market for homebuyers with skyrocketing home prices. Since Joe Biden took office, inflation has gone through the roof. Home prices are out of control. The ten-year treasuries are nearing 3.00% which is unheard of. The Dow Jones Industrial Average is…
ByGustan Cho
Posted on
This Article Is About Florida Mortgage Rates On Conventional Loans Versus FHA Loans Florida mortgage rates on Conventional Loans in comparison to FHA Loans are higher. Current Florida Mortgage Rates On Conventional Loans on average is 0.50% higher than FHA loans for borrowers with credit scores between 620 and 680 FICO. Florida Mortgage Rates On…
ByGustan Cho
Posted on
This Article Is About Credit Score Improvement In Mortgage Process Benefits Rates Credit scores are the biggest determinant of what mortgage rates borrowers get, especially on conventional loans. For FHA loans, if credit scores are under 600, interest rates will definitely be higher. Loan Level Pricing Adjustments (LLPA) are pricing adjustments on borrowers due to…
ByGustan Cho
Posted on
This Article Is About Calculating Annual Percentage Rate On Home Mortgage Transactions An FHA Loan or VA loan, which typically adds on the upfront mortgage insurance premium to the mortgage balance, will rise the effective annual percentage rate, also referred to as APR, for that amount is now a finance cost. Calculating Annual Percentage Rate can…
ByGustan Cho
Posted on
This Article Is About Mortgage Rates Are Still At Historic Lows On Purchase And Refinance: The Dow Jones Industrials have dropped as low as 18,000 during volatile trading from February 2020’s high of 29,000 due to the coronavirus pandemic. The pandemic caused over 43 million Americans out of work. Now the Dow Jones is over…
ByGustan Cho
Posted on
You’ve probably seen a few television ads promoting LendingTree or other mortgage lead sites. These sites promise to get you the best mortgage rate by making lenders compete for your business. But do they really deliver the lowest mortgage rates to consumers?
ByAlex Carlucci
Posted on
This Article Is About Home Loan With Low Mortgage Rates On Purchase And Refinance The first thing most homebuyers think about when they have decided to buy a home is mortgage rates. What are the mortgage rates and what is the best mortgage rates they can qualify for? Low mortgage rates mean lower payments and…
ByGustan Cho
Posted on
This Article On Refinance Mortgage Loans Hit Year High Due To Low Rates Refinance Mortgage Loans is the hottest thing right now. Many mortgage companies are swamped with homeowners trying to refinance their current mortgage loans at lower rates The breaking news the Central Bank lowering rates to zero percent drove mortgage rates at historic lows…
ByGustan Cho
Posted on
This Article On Difference Between Mortgage Rate And APR In Home Mortgages There is a Difference Between Mortgage Rate And APR. First of all, they are relatively similar. To explaining it simply, if the cost of the mortgage is high, the APR or Annual Percentage Rate will be higher. The CFPB has strict rules and…
ByAlex Carlucci
Posted on
This BREAKING NEWS Article On The Fed Approves 25 Basis Point Rate Cut But Is Divided In Future Action BREAKING NEWS On The Fed Approves 25 Basis Point Rate Cut: The Federal Reserve Board Announced the central bank will cut interest rates by 25 basis points on Wednesday, September 18th, 2019 The mortgage markets were…
ByAlex Carlucci
Posted on
This ARTICLE On Mortgage Refinance Increase 15% Due To Mortgage Rate Drop Was PUBLISHED On August 12th, 2019 Mortgage Rates hit a 36-month low. On the flipside, Mortgage Rates hit the highest levels in 2018 since the 2008 Great Recession And Housing Crash The Federal Reserve Board (The Fed) increased interest rates four times in 2018…
ByAlex Carlucci
Posted on
This Article Is About Conventional Mortgage Rates Drop To A 24 Month Low Conventional Mortgage Rates hit a 24 month low. The Federal Reserve Board has announced they will not be increasing interest rates for the remaining year of 2019 Mortgage Rates have been dropping since January 2019 and has recently hit a 24 month…
ByAlex Carlucci
Posted on
This BLOG On Mortgage Rates Have Recently Been Dropping Was UPDATED On June 21st, 2019 30 year fixed FHA mortgage rates have been as low as 4.25% and 30-year fixed Conventional mortgage rates have been as low as 4.5% earlier this year. FHA mortgage rates have spiked up to the upper 4.0% Conventional mortgage rates have…
CALL NOW