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ByAlex Carlucci
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Home Affordable Refinance Program Extended: What Happened and Your Options in 2024 If you’re a homeowner who’s been keeping up with your mortgage despite your home being worth less than what you owe, you may have heard about the Home Affordable Refinance Program (HARP). At one point, it was a lifesaver for millions of underwater…
ByGustan Cho
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HARP With Second Mortgage: Can You Refinance with a Second Mortgage Through HARP in 2024? If you have a second mortgage and feel stuck with an underwater home, you may wonder if refinancing is possible. The good news is that you can refinance your home through the Home Affordable Refinance Program (HARP) even if you…
ByAnngelli Abenes
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Dreaming of turning that fixer-upper into your dream home but worried your credit score isn’t up to par? You’re not alone. Many homebuyers are in the same boat, wondering if they can secure an FHA 203k loan with under 600 credit scores. The good news? It’s possible, and we’re here to guide you every step…
ByAnngelli Abenes
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The Department of Veterans Affairs has lowered the maximum loan to value on cash-out refinance VA loans from 100% LTV to 90% LTV. This was brought on by the VA due to the booming housing market nationwide. HUD, the parent of FHA, also lowered the cash-out loan to value on FHA loans from 85% to 80% LTV.
ByAnngelli Abenes
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Are you feeling overwhelmed managing several debt payments every month? If your home doesn’t hold much value but you’re looking for an easy way to combine your debts, a NON-QM 95% LTV debt Consolidation Refinance is what you need. This guide is here to make it simple for you to get all the details about…
ByAnngelli Abenes
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Want to know about Non-QM cash-out refinance mortgage? If you’re a homeowner who wants to use your home’s value to get some cash, or if your financial situation is a bit different, this guide is perfect for understanding all you need to know about Non-QM cash-out refinance mortgages in 2024. What is a Non-QM Cash-Out…
ByAnngelli Abenes
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Today, an FHA cashout refinance mortgage loan can be a great option if you own a home and want to improve your financial situation. Let’s break down what this is all about, including its perks, who can get it, how to apply, the interest rates, the terms, and everything else you might want to…
ByMike Gracz
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As most readers of our blogs know, Gustan Cho Associates are experts in VA mortgage lending. Our highly skilled team is growing into more states, so we are able to help more of our nation’s veterans. With the current housing market on fire, many Americans are moving themselves and their families to different areas. Our…
ByApril Ramirez
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We will be covering the updated VA cash-out refinance mortgage loans. Gustan Cho Associates, empowered by NEXA Mortgage, LLC are mortgage brokers licensed in 48 states, including Washington DC, Puerto Rico, and the U.S. Virgin Islands. Gustan Cho Associates has lending partnerships with over 190 wholesale mortgage lenders. We will update our viewers on updated…
ByAlex Carlucci
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VA Refinance Guidelines encompass two distinct mortgage processes: the VA streamline refinance (IRRRL), and the VA cash-out refinance. Gustan Cho Associates specializes in assisting homeowners with rate and term VA streamline refinances and cash-out VA refinance mortgages. This article will cover the VA refinance guidelines for both VA streamlines and cash-out refinance loans, providing essential…
ByGustan Cho
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This blog will cover and discuss HUD Cash-Out Mortgage Guidelines on FHA loans for 2024. Home values are rising across the country, and many homeowners who purchased their properties a few years ago are experiencing significant appreciation, with increases in home value by 20% to 30% or more. The conventional loan limits 2024 have been…
ByAnngelli Abenes
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It is no secret that mortgage interest rates are at historic lows. The COVID-19 pandemic has affected every global market, including the United States mortgage market. While historic lows are currently experienced in interest rates, all signs indicate an imminent increase. If you have been following the news, you know that the Federal Reserve announced…
ByMargarett Jurilla
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In this blog, we will cover and discuss the refinance waiting period mortgage lending guidelines on home mortgages. For homeowners who just closed their homes and who are thinking of refinancing their home loans, there are refinance waiting period requirements on mortgage loans. A home buyer cannot just close on their home loan one day…
ByDale Elenteny
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This guide covers shopping for best mortgage rates in California on home purchase and refinance home loans. California is the nation’s most populous state. Many counties in the state of California is classified as high-cost areas. FHA, VA, and Conventional loan limits are substantially higher than other parts of the country on high-cost areas. California…
ByMike Gracz
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This Article Is About NON-QM Cash-Out Debt Consolidation Refinance With 90% LTV. The housing market is hot despite rising mortgage rates. Nationwide, home prices have been steadily increasing year after year since 2010. Most of Florida, Texas, Georgia, California, Colorado, New Jersey, Indiana, Pennsylvania, Kentucky, Mississippi, Michigan, Illinois have seen home values increase double digits….
ByAnngelli Abenes
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In this blog post, we’ll explore how to remove your ex-spouse from your mortgage following a divorce. Despite the overall decline in divorce rates over the past decade—with current rates at 44.2%, slightly below 50% according to the U.S. Census—divorce remains a common reality. For every 6.1 marriages, approximately 2.7 end in divorce. It’s typical…
ByGustan Cho
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This guide covers the right of rescission mortgage guidelines on refinances. As we have seen interest rates drop over the past month and a half, we have seen a rise in refinance mortgage transactions. Thousands of Americans are taking advantage of the temporary rate decrease the FEDERAL RESERVE has put in place. It is no…
ByAlex Carlucci
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Lenders base each borrower’s credit scores as well as other risk factors when determining mortgage rates. The higher the risk of a borrower, the higher the rate. It is best for each borrower to maximize their credit scores and other layered risks to get the best mortgage rates.
ByDale Elenteny
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In this article, we will cover and discuss delayed financing guidelines on refinance transactions. Delayed Financing Guidelines apply for homebuyers who purchased home cash and are needing to do a cash-out refinance. Sellers often prefer cash home buyers. The housing market has been hot for the past few years. Bidding wars are often common. Cash…
ByMike Gracz
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In this article, we will discuss and cover Refinance Mortgage When House Is Still Listed For Sale By Owners. In the realm of real estate, circumstances often change unexpectedly. Whether prompted by a job transfer, financial limitations, or simply wanting to move to a different area. Homeowners sometimes need to sell their property while also…
ByGustan Cho
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This article will discuss and cover refinancing during Chapter Bankruptcy repayment plans on FHA and VA loans. FHA and VA loans are the only two mortgage loan programs that allow borrowers refinancing during Chapter 13 Bankruptcy repayment plan. Chapter 13 Bankruptcy can be active and must not be discharged. VA and FHA refinancing during Chapter…
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