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ByAlex Carlucci
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FHA Streamline Refinance Illinois: A Fast, Easy Way to Lower Your Mortgage Payments in 2024 If you’re an Illinois homeowner with an FHA loan, chances are you’ve heard of FHA Streamline Refinance. It’s a fast and easy method to reduce your monthly payments. Given the current mortgage rates, it might save you a significant amount…
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…
ByGustan Cho
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Home Loan with Income Increase: Everything You Need to Know in 2024 Are you thinking about buying a home or refinancing your mortgage? Wondering if a recent income increase can help you qualify for a better loan or higher loan amount? You’re not alone! Many people are curious about how a new job, a promotion,…
ByAnngelli Abenes
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Mississippi homebuyers, have you ever dreamed of a fixer-upper that you can turn into the perfect home but worried about the costs? The solution is simpler than you think: the FHA 203k Rehab Loan. Whether you’re buying a house that needs a little TLC or a complete overhaul, this loan program can help you finance…
ByAnngelli Abenes
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When you’re looking at buying a fixer-upper, you might come across the term 203k mortgage loans. If you want to buy a home that needs some TLC, the Federal Housing Administration offers great options. In this updated guide, we’ll break down the types of 203k mortgage loans. We will explain their benefits. And we will…
ByAnngelli Abenes
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If you’re a homebuyer in Kentucky looking to buy and fix up a property, FHA 203k loans could be your best option. These loans are perfect for buying fixer-uppers and turning them into your dream home. In this article, we’ll cover everything you need to know about FHA 203k loans in Kentucky. We will include…
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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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…
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…
ByAlex Carlucci
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This guide covers comparison of mortgage rates on purchase and refinance loans. Mortgage rates have been steadily going up to all time highs for home buyers shopping for a home loan or homeowners thinking of refinancing their current home loans. Mortgage rates have been steadily increasing and are at the highest rates since the 1980’s….
ByAnngelli Abenes
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Gustan Cho Associates has no lender overlays on debt to income ratio on government and conventional loans. We just go off the agency caps on debt to income ratio no government and conventional loans.
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…
BySapna Sharma
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In this blog, we will cover ARM versus fixed-rate mortgages. ARM stands for an adjustable-rate mortgage. Adjustable-Rate Mortgage is when the mortgage interest rate of the loan is not fixed for the 30-year term; The mortgage interest rate is fixed for the initial rate period, which is normally three years, five years, seven years, or…
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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In this blog, we will discuss and cover refinancing non-QM loans to government and conventional mortgages. Refinancing NON-QM loans to government or conventional loans is possible after the initial home mortgage closing. This only holds true if the deal makes sense. Homebuyers who initially closed on their home loan with a non-QM loan at a…
ByGustan Cho
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In this blog, we will cover and discuss how to refinance into FHA 203k loan from an existing home mortgage. Homeowners who are in need of either basic rehab or need to do a full-blown renovation project on their homes can refinance into FHA 203k loan. This holds true even if they do not have…
ByMike Gracz
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In this article, we will discuss and cover refinancing land contract homes to government or conventional loans. There are factors to address when refinancing land contract homes to government and conventional loans. In today’s crazy mortgage market, more and more Americans are purchasing homes with a land contract. This is an alternative to traditional mortgage…
ByGustan Cho
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In this blog, we will cover and discuss refinancing with judgment mortgage lending guidelines. Mortgage rates are still low and many homeowners have not refinanced their higher interest mortgage home loans yet. A full rate and term and/or cash-out refinance mortgage process is the same as applying for a home purchase mortgage loan. However, FHA…
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