Call or Text: (800) 900-8569
Email Us: alex@gustancho.com
FHA High-Balance Lenders in New Jersey: Get Approved with Lenient Guidelines If you’re looking for FHA high-balance lenders in New Jersey, you’re in the right place. Many homebuyers struggle to find lenders that offer FHA high-balance loans without strict overlays or excessive rate markups. This guide will explain everything you need to know, including loan…
Gustan Cho Associates like to introduce our newly launched Wyoming Mortgage Calculator with PITI, PMI, MIP, HOA, and DTI features. If you live in the “Equality State” also known as Wyoming, you know the housing market is crazy right now. There are many factors that have contributed to the booming real estate market in Wyoming…
What Is the Best Mortgage Loan for Buying a House? If you plan to buy a house, you probably wonder: What’s the best mortgage loan for me? With so many options, it can feel overwhelming. The good news? The right mortgage loan depends on your credit score, income, down payment, and financial goals. In this…
Best Mortgage Lenders for Bad Credit in Hawaii: Get Approved in 2025 If you have bad credit and want to buy a home in Hawaii, you might be wondering: Can I get a mortgage? Are there lenders that will approve me? The answer is YES! Many lenders offer mortgage loans for bad credit in Hawaii,…
1099-Income Versus W-2 Income: How It Affects Your Mortgage Approval When applying for a mortgage, the type of income you earn—1099-income versus W-2 income—can make a big difference in the approval process. W-2 employees typically have an easier time getting approved for a mortgage than 1099 wage earners because lenders view W-2 income as more…
Delegated Versus Nondelegated Mortgage Underwriting: What You Need to Know Understanding how mortgages are underwritten can feel overwhelming, especially when terms like delegated versus nondelegated mortgage underwriting, come into play. These terms are crucial for borrowers and mortgage professionals alike because they define how a loan is reviewed and approved. At Gustan Cho Associates, we…
This guide covers what happens when the Federal Reserve Board increases interest rates. This guide is an update of an article written about the Federal Reserve Board increasing interest rates by 0.25 basis points, which was published on July 18th, 2018. We will include the previous unedited edition of the original article. Federal Reserve Board…
This guide covers HARP for underwater mortgages. This guide is an update of a previous guide that was published in 2018, the last year of HARP. HARP stands for the Home Affordable Refinance Program and is no longer available. We have updated this guide because, in the event another real estate market and financial crisis…
This guide covers lenders for best rates. We have seen high interest rates and skyrocketing mortgage rates. Still to this day, there are many lenders with high rates. Consumers are not ignorant of rates. The higher the mortgage lender’s commission, the higher the rate. That is why Gustan Cho Associates has a national reputation for…
Understanding FHA Cash-out Refinance Mortgage Loans in 2025 Are you a homeowner looking to use your home’s equity to reach your financial goals? FHA cash-out refinance mortgage loans might be the solution you need. This guide will explain everything you need to know, from how they work to who qualifies, their benefits, and why Gustan…
Save Over $10K Using a Mortgage Calculator in New Mexico in 2025 Are you dreaming of owning your first home in New Mexico but worried about the cost? A mortgage calculator in New Mexico can be your best friend. It’s not just a simple tool; it’s a game-changer that helps first-time homebuyers make smart decisions,…
In this blog, we will cover and discuss IHDA mortgage guidelines on Illinois home purchases. The Illinois Housing Development Authority (IHDA), commonly referred to as IHDA, is a down payment assistance mortgage program for homebuyers in Illinois. IHDA mortgage guidelines make homeownership possible for homebuyers in Illinois by covering the down payment and closing costs…
Mortgage Guidelines 101: A Complete Guide for Borrowers and Loan Officers Welcome to Mortgage Guidelines 101, the ultimate guide for borrowers and new loan officers! At Gustan Cho Associates, we understand that the mortgage process can feel overwhelming. Whether you’re a first-time homebuyer or a new loan officer eager to master the basics, this blog…
This guide covers the ill-fated HUD’s FHA Back to Work Mortgage. The FHA Back to Work Mortgage no longer exists. This guide is a follow-up of an older HUD FHA Back to Work mortgage published on February 21st, 2018. The FHA Back to Work mortgage was a total disaster since the day it was launched….
Conventional Loan After Short Sale: Your Guide to Getting Back on Track Life can throw curveballs, and for many homeowners, a short sale may have been the best solution to a tough financial situation. If you’re looking to move forward and buy a home again, a conventional loan after short sale could be your ticket…
Home Loan After Second Mortgage Charge Off: Your Complete Guide to Getting Approved Qualifying for a home loan after a second mortgage charge off might feel like an uphill battle, but it’s possible! At Gustan Cho Associates, we specialize in helping borrowers overcome unique challenges, like charge-offs, to achieve their homeownership dreams. In this guide,…
In this guide, we will cover TBD Property Mortgage Pre-Approvals. We will also discuss the ill-fated HUD FHA Back to Work program, of which not too many, if any, closed. The United States Department of Housing and Urban Development, also known as HUD, launched an all-new one-year waiting period after bankruptcy, foreclosure, deed in lieu…
Manufactured Home Construction to Permanent Mortgages: A Simple Guide to Financing Your Dream Home Manufactured homes are quickly becoming the top choice for countless Americans who want to own a stunning, budget-friendly home without the overwhelming costs associated with traditional stick-built houses. With advanced technology paving the way, these homes are not just cost-effective but…
Unlock Your American Dream with Expatriate Mortgage Loans from Gustan Cho Associates Are you dreaming of owning a piece of the American Dream? No matter where you’re from, purchasing property in the United States can be within your reach with expatriate mortgage loans. At Gustan Cho Associates, powered by NEXA Mortgage, LLC and licensed across…
Understanding Hard Pull Credit Inquiries: Your Guide to Smarter Credit Decisions When you’re considering buying a home, every step you take towards securing your mortgage matters—especially when understanding hard pull credit inquiries. This detailed guide will help you understand hard pull credit inquiries, their impact on your credit score, and how to manage them while…
Understanding Balloon Mortgages: A Strategic Guide for 2024 In this article, we will discuss and cover balloon mortgages and how they work. Balloon mortgages are short-term loans with fixed monthly payments, usually based on a 30-year fully amortizing schedule. Balloon loans are for commercial loans only and do not apply to residential mortgages. After the…
NON-QM Versus Traditional Mortgage: Which is Right for You? Finding your way through the complex array of mortgage choices can seem daunting. As we move into 2024, the world of finance is changing quickly, and it’s important to know the key differences between non-QM versus traditional mortgages. If you are thinking about buying a home…
CALL NOW