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Gustan Cho Associates offers commercial loan programs through its subsidiary Lending Network. Lending Network, headed by Nelson Thompson (President of Mortgage Sensei) and Gustan Cho is a full service one-stop shop commercial mortgage broker and correspondent lender. We understand that getting a commercial loan can be challenging, especially if you have been turned down by…
The opportunity to close on a dream home can be fraught with obstacles. One of these obstacles may be when a homeowner finds their dream home but has not sold their current home due to scenarios outside their control. This is where residential bridge loans may allow the homeowner to purchase a new home. Residential…
The U.S. economy has been through a washing machine-like scenario over the past few years, but the second quarter of 2023 has provided hope as we experienced a more-than-expected 2.4% GDP growth. Despite the challenges posed by the ongoing recovery from the COVID-era pandemic and other economic perils, the nation’s economy has shown resilience, making…
The Federal Reserve has a difficult decision to make for the second half of 2023. An Open Market Committee meeting is scheduled for the 25th & 26th of next week, and everyone in the financial sector along with consumers looking to purchase a new home as first-time buyers or, buyers looking for an upgrade in…
Today’s blog is a follow-up to last week’s blog, Opportunities for First-time Homebuyers in 2023. If you did not have a chance to read last week’s blog, I would suggest you do so. It is a quick and informative read. I will discuss the benefits of FHA down payment assistance programs for anyone who is…
The USDA has extended the COVID-19 Special Relief Measure for its Single-Family Housing Guaranteed Loan borrowers until September 30, 2023. This measure offers new alternatives for borrowers facing financial hardship due to the pandemic. Here are some of the details and benefits of this measure. Interest Rate Reduction One of the alternatives that the USDA…
You may have heard of FHA loans if you’re in the market for a new home or refinance. The Federal Housing Administration (FHA) provides loans to help people become homeowners, and they have recently changed their policies. Recent Updates for FHA Loans One of the biggest changes is the increase in the maximum loan amount….
Breaking NEWS on the largest TEXAS property tax cut in the state’s history. There were many talks about Texas eliminating property tax for the single-family primary homes of Texas homeowners. All owners of real estate property, whether owner-occupant primary homes, second homes, investment homes, or commercial properties, are required to pay property taxes. Every city,…
If you are looking for a mortgage to buy a home in the US, you might be wondering what the most popular and affordable options are. There are many mortgage loans for home buyers, each with advantages and disadvantages. In this blog post, we will explore the most in-demand mortgage in the US and why…
The dream of owning a home in 2023 is becoming a reality for many first-time homebuyers. Innovative programs and financial incentives, coming from several prominent lenders including UWM, EPM, and PennyMac among others are helping first-time homebuyers realize their dreams of owning a home in 2023. This summer 2023 is a great time to realize…
If you are a veteran with a disability, you may face some challenges in your daily life at home. You may need help getting in and out of your house, moving around your rooms, or using your appliances. You may need more space, better lighting, or a safer environment. Whatever your needs are, there is…
Get ready for some insights on mortgage rates this year! While there’s a good chance they’ll go down eventually, it’s unlikely to happen in July. Instead, brace yourself for a slight increase or a relatively stable situation throughout the summer. Predicting mortgage rates is always a tricky business, and this is especially true for July…
Gustan Cho Associates News For The Week Ending Friday, June 30th, 2023, from Dustin Dumestre, Host of Friday’s Mortgage Minutes. This week’s Gustan Cho Associates NEWS wrap-up update is from Dustin Dumestre, host and director of Friday’s Mortgage Minutes is The Crossroads of Divorce and Home Refinancing in the United States: Divorce is an emotional…
Gustan Cho Associates NEWS is proud to announce Gustan Cho Associates is joining forces with Lending Network, LLC for its commercial lending platform. Lending Network, LLC will be headed by Dianne Burnett. Lending Network, LLC is a commercial lender with correspondent relationships with hedge funds, insurance companies, and institutional money managers. We will have more…
BREAKING NEWS: Ginnie Mae Bailout For Servicers To Stabilize Mortgage Industry Ginnie Mae Bailout For Servicers To Stabilize Mortgage Industry on homeowners who take advantage of forbearance: Included in the $2.2 Coronavirus Stimulus package is homeowners allowing to take advantage of forbearance on federally-backed mortgages What this means is unemployed homeowners with mortgages that is…
This Breaking News Is About The Fed Will Not Raise Rates But Bonds Ignores The News The Fed Will Not Raise Rates for the next two years until 2023 per the monetary policy statement they announced this past week. However, the bond market ignores the breaking good news from the Federal Reserve Board, which has…
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