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BREAKING NEWS: Buying a home during governor stay at home order. Buying a home during governor stay at home order and home and mortgage process: Buying a home during the COVID-19 coronavirus outbreak can have additional hurdles. It seems like doing anything these days has additional rules and regulations depending on where you live. In…
BREAKING NEWS: Illinois Governor Extends Stay At Home Order Lock Down Illinois Governor Extends Stay At Home Order for another month while other states are aggressively reopening. All state governors issued a state of emergency and their governors issue stay at home executive orders for 30 days Under the constitution and laws, a governor can…
BREAKING NEWS: 2020 Housing Market Correction Due To Coronavirus Pandemic There will be a 2020 Housing Market Correction due to the coronavirus pandemic crisis. How much of a correction, we do not know It is too early to tell on the after-effects of the housing market due to the coronavirus pandemic The pandemic has devastated…
This guide covers VA guidelines versus overlays during the pandemic economic crisis. It is no secret that qualifying for a mortgage is more difficult during this COVID-19 coronavirus outbreak. If you have been following the news at all, you understand the doom and gloom going on throughout the world. While views are starting to differ…
This ARTICLE On What Are The FHA Loan Limits For One To Four Unit Properties In Illinois Was PUBLISHED On May 11th, 2020 FHA Loan Limits for one to four unit properties depends on the particular county the property is located as well as the type of housing. FHA Loan Limits for two to four…
Breaking News: Housing Market During Pandemic Expected To Remain Strong There is no doubt that the Housing Market During Pandemic got hurt like all other industries. Over 30% of our borrowers who were fully qualified and pre-approved at Gustan Cho Associates suspended their home shopping process until further notice Housing Market During Pandemic decreased at…
BREAKING NEWS: Avoiding Foreclosure During The COVID-19 Pandemic Crisis Avoiding Foreclosure During The COVID-19 Pandemic Crisis for unemployed homeowners The CARES Act is a large and important piece of legislation The CARES Act was introduced to help the American people combat the COVID-19 coronavirus financially The CARES Act of 2020 was the most expensive relief…
BREAKING NEWS: Paying Rent During Coronavirus Pandemic For Unemployed Tenants Paying Rent During Coronavirus Pandemic For Unemployed Tenants may be challenging. The U.S. economy was booming like never before prior to the coronavirus pandemic Just in February 2020, the Dow Jones Industrial Average peaked to an all-time high at 29,000 Most Americans 401ks were up…
BREAKING NEWS: How The Coronavirus Is Impacting The Housing And Mortgage Market There is no doubt The Coronavirus Is Impacting The Housing And Mortgage Market. The housing market was rock-solid prior to the coronavirus pandemic hitting the United States Not only did we have a strong housing market, but the United States economy has been…
BREAKING NEWS: HUD To Halt Foreclosure And Evictions Due To Coronavirus Pandemic Many of us remember the 2008 financial crisis. Millions of Americans literally lost their jobs overnight and were without income where they could not pay for their monthly housing payments There is no time in US history where foreclosure and bankruptcy rates have…
This ARTICLE On Chicago Ranked Most Corrupt City In The United States Was PUBLISHED On February 19th, 2020 Chicago Ranked Most Corrupt City in the United States. Corruption in Chicago has been an epidemic for many decades The FBI and other law enforcement agencies have been working diligently for years in investigating and indicting corrupt…
This ARTICLE On Chicago Police Still Providing Former Mayors Security Detail Was PUBLISHED On November 9th, 2019 The city of Chicago is in a financial mess. Chicago Mayor Lori Lightfoot and city council members do not seem to have any solutions to fix the city’s mounting budget deficit The only solution they can come up…
This ARTICLE On Chicago Property Tax Hikes Will Fund Most Of CTU Contract Settlement Was PUBLISHED On November 8th, 201 Here we go again Chicago. Chicago is the highest taxed city in the nation Chicago has the highest property tax in the U.S. Illinois has the second-highest property tax rates in the nation New Jersey…
This ARTICLE Is About Illinois Housing Market Recovery Still Lags The Rest Of The Nation The economy has never been as good as it has been since President Donald Trump took office. Unemployment numbers hit a 50 year low at 3.5%. Record job numbers last Friday skyrocketed the stock markets to a historical high. Every…
This ARTICLE On Illinois Home Values Versus Property Taxes On Residential Homes Was PUBLISHED On October 20th, 2019 Home values in Illinois is very reasonable throughout the whole state. Illinois is one of the very few states where home values did not appreciate much since the 2008 Great Recession and Credit Meltdown There is a…
This ARTICLE On Memphis Housing Market Becomes The Top 10 In The U.S. Was PUBLISHED On October 15th, 2019 Tennessee is one of the hottest states when it comes to home affordability and the cost of living. There are more residents moving to Tennessee than any other state in the U.S. A large percentage of…
This ARTICLE On Chicago Tax Hikes Still Does Not Solve City Pension Debt Was PUBLISHED On October 14th, 2019 Chicago has a new mayor, Lori Lightfoot. Mayor Lightfoot is walking into a city with major financial chaos Chicago has the highest tax rate out of any major U.S. city Despite the high city taxes and…
This ARTICLE On Kankakee Illinois Pension Debt Shortage Missed By The City Was PUBLISHED On October 6th, 2019 Kankakee Illinois Pension Debt Shortage Missed putting recipients at risk from getting their pension payments. The City of Kankakee pension fund is far below on the mark that the state’s requirement on the amount of contributions to…
This article on Illinois rising property taxes was published on September 30th, 2019 Illinois rising property taxes are hitting the national news Illinoisans had high hopes with the election of new Governor JB Pritzker to take office and start fixing the financial mess in the state The opposite happened After the new Illinois Governor took…
This ARTICLE On Peoria Illinois Creates New Property Tax Devoted To Pension Shortage Was PUBLISHED On September 25th, 2019 It is no news to Illinois taxpayers that new Governor JB Pritzker is raising taxes in everything he can think of in Illinois. Most cities and counties in Illinois is facing a financial crisis Property taxes…
This ARTICLE On Why Residents Are Moving To Tennessee From High-Taxed States Was PUBLISHED On September 20th, 2019 The Top Reasons Why Residents Are Moving To Tennessee From High-Taxed States: Gustan Cho Associates Mortgage Group are experts in mortgage financing We are Direct mortgage lenders without any LENDER OVERLAYS Lately, we have received more and…
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