Search Results for: MORTGAGE RATES

Commercial Loans | Investment Homes | NON-QM Loans | One-Time Close Construction Loans | Profit and Loss Statement Only Mortgages | Real Estate Topic | Videos

Guide To Commercial Mortgage Loans
ByDale Elenteny, NMLS: 904444 June 5, 2023April 13, 2026

This guide will cover commercial mortgage loans. We will discuss the various options for investors on commercial mortgage loans and specialty business financing programs. It is highly recommended commercial real estate investors research the financing options of various lenders on commercial mortgage loans. We will cover the best resource information websites for financing commercial real…

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Career Opportunities/Loan Officer Training | Videos

How To Become A Successful Mortgage Loan Officer
ByMike Gracz, NMLS: 1160212 February 11, 2023August 20, 2025

This article will cover how to become a successful mortgage loan officer at Gustan Cho Associates. Starting a new career as a loan officer and How to become a successful mortgage loan officer. This mortgage blog article on how to become s successful mortgage loan officer is geared toward those individuals thinking about starting a…

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Conventional Loans

Conventional Loan Guidelines For Mortgage Borrowers
ByGustan Cho, NMLS 873293 January 15, 2023March 13, 2026

This article will cover the conventional loan guidelines for mortgage borrowers on primary, second, and investment homes. Borrowers needing Conventional loans must meet the minimum Conventional loan guidelines. Conventional loans are called Conforming loans because they must conform to Fannie Mae and Freddie Mac mortgage guidelines. There is no private mortgage insurance on conventional loans…

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Bad Credit Mortgages | Credit Scores | Qualifying & Getting Pre-approved | Re-Establishing Credit | Videos

Lowest Credit Score Allowed For Mortgage Approvals
ByGustan Cho, NMLS 873293 January 9, 2023August 25, 2025

This guide covers what is the lowest credit score allowed for mortgage approvals. The team at Gustan Cho Associates gets countless daily calls from our viewers about what is the lowest credit score allowed for mortgage approvals. Many borrowers often get confused about why lenders have different credit score requirements on FHA, VA, USDA, and…

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Career Opportunities/Loan Officer Training

Three Simple Marketing Ideas For Mortgage Loan Officers
ByMike Gracz, NMLS: 1160212 January 6, 2023July 29, 2025

This article will discuss three simple marketing ideas for mortgage loan originators. Buying a house can be stressful, particularly for a first-time home buyer. Getting approved for a mortgage loan can be one of the greatest sources of anxiety. Getting started as a brand new licensed loan officer can be challenging. The job is very…

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Mortgage Lender Overlays | Bad Credit Mortgages | Home Mortgages | Videos

Choosing The Right Lender To Get a Mortgage Loan Approval
ByAlex Carlucci, NMLS: 229891 December 10, 2022July 23, 2024

In this blog, we will cover choosing the right lender for a mortgage loan approval. Choosing The Right Lender with no overlays is extremely important for mortgage borrowers with prior credit issues. Examples of prior credit issues include the following: prior bankruptcy prior foreclosure prior short sale prior deed in-lieu-of foreclosure outstanding collections charge off…

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FHA Loans | Mortgage Lender Overlays | Videos

Overlays With FHA Loans By Mortgage Lenders
ByGustan Cho, NMLS 873293 December 9, 2022September 23, 2024

This blog will cover overlays with FHA loans compared to HUD agency guidelines. FHA loans are the most popular home loan program in the United States. The U.S. Department of Housing and Urban Development (HUD) is the Federal Housing Administration (FHA) parent. FHA is not a lender. HUD is a large federal agency that administers…

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Career Opportunities/Loan Officer Training

Mastering a Job Interview For Mortgage Loan Officers
ByGustan Cho, NMLS 873293 October 26, 2022July 29, 2025

In this blog, we will cover and discuss mastering a job interview for mortgage loan officers. In the job world these days, there is nothing better you can be than an excellent, skilled, and confident job interview. The job interview is what will ultimately determine if you get the job or you don’t. The mortgage…

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Headline News Archives

Lenders Changing Mortgage Guidelines Post COVID-19
ByMike Gracz, NMLS: 1160212 August 1, 2022July 29, 2025

In this article, we will discuss and cover lenders changing mortgage guidelines post COVID-19 ERA due to skyrocketing rates, market volatility, and an unstable housing market. We will be comparing mortgage lenders changing mortgage guidelines due to liquidity issues in the secondary mortgage bond market. The coronavirus pandemic had lenders changing mortgage guidelines due to…

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NON-QM Loans

Non-QM Mortgage Update From Non-Prime Lenders
ByMike Gracz, NMLS: 1160212 July 31, 2022May 1, 2024

In this blog, we will cover and discuss the non-QM mortgage update from non-prime lenders. Ever since the coronavirus outbreak in February 2020, there have been many changes in non-QM mortgage loans. Non-QM mortgage update from non-prime lenders seems like it is happening more often than any other mortgage program. Recently non-QM mortgage lender Sprout…

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Collection Accounts | Charge Off Accounts | FHA Loans | Videos

Home Loan With Unpaid Collection Accounts Mortgage Options
ByDale Elenteny, NMLS: 904444 June 25, 2022November 18, 2025

In this blog, we will cover and discuss qualifying for home loan with unpaid collection accounts mortgage options. There are various home loan with unpaid collection accounts mortgage options. FHA, VA, USDA, Non-QM, and conventional loans all do not require outstanding collections to be paid. Find mortgage options for unpaid collection accounts. Get a loan…

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First Time Home Buyers

Illinois Home Purchase Mortgage Options Guide
ByAlex Carlucci, NMLS: 229891 June 11, 2022April 3, 2025

In this blog, we will cover and discuss Illinois home purchase mortgage options for homebuyers. Going through the home purchase process can be overwhelming. There are many moving parts to the Illinois home purchase process. No two Illinois home purchase buyers are alike. Some may be first-time homebuyers, others may be self-employed borrowers, others may…

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Mortgage Refinance | FHA and VA Streamline Refinance | FHA Loans

FHA Streamline Refinance in Alabama with Low Rates
ByGustan Cho, NMLS 873293 May 13, 2022November 13, 2025

In this blog, we will cover and discuss homeowners doing a fast-track low-interest FHA streamline refinance in Alabama for homeowners with a current FHA loan. Homeowners can qualify for an FHA streamline refinance in Alabama with bad credit, no appraisal, no income verification, plus no closing costs. Borrowers can have very low credit scores and…

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Mortgage Refinance | FHA Loans

FHA Streamline Refinance in Wisconsin with Best Rates
ByAlex Carlucci, NMLS: 229891 May 13, 2022July 23, 2024

In this article, we will discuss and cover qualifying for an FHA streamline refinance in Wisconsin with the best rates and closing in two weeks. Gustan Cho Associates offers FHA streamline refinance in Wisconsin with no appraisal, no income with a fast-track no stress mortgage process. The FHA Streamline Refinance in Wisconsin mortgage process is…

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Oakbrook Terrace, Illinois | Gustan Cho Associates Mortgage
ByAlex Carlucci, NMLS: 229891 May 8, 2022September 25, 2025

Gustan Cho Associates | NEXA Mortgage LLC NMLS 2315275, also known as Gustan Cho Associates, has its regional mortgage office in Oakbrook Terrace, Illinois. The corporate headquarters of Gustan Cho Associates Empowered by NEXA Mortgage, LLC NMLS 1660690 is in Chandler, Arizona. Gustan Cho Associates empowered by NEXA Mortgage, LLC is licensed in 48 states…

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Bad Credit Mortgages

VA Bad Credit Mortgage Guidelines Versus Lender Overlays
ByGustan Cho, NMLS 873293 November 4, 2021July 22, 2024

This Article Is About VA Bad Credit Mortgage Guidelines Versus Lender Overlays VA Home Loans are primary residence owner-occupant mortgages only available to active and/or retired members of the United States Armed Services with a Certificate of Eligibility. VA loans is one of three government-backed home mortgage loan programs available in the United States. However,…

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Headline News Archives | Videos

LLPA During Coronavirus Pandemic Mortgage Crisis
ByGustan Cho, NMLS 873293 October 28, 2021July 3, 2025

This Breaking News Is About LLPA During Coronavirus Pandemic Mortgage Crisis. Understanding LLPA During Coronavirus Pandemic Mortgage Crisis. The coronavirus pandemic has created disruption and chaos in the secondary mortgage bond markets. Loan Level Pricing Adjustments are commonly referred to as LLPA. LLPA’s are pricing adjustments on mortgages. Lenders determine mortgage rates based on risk…

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Headline News Archives

The Coronavirus Mortgage Meltdown And How MBS Process Works
ByAlex Carlucci, NMLS: 229891 October 23, 2021October 9, 2024

BREAKING NEWS: The Coronavirus Mortgage Meltdown And How MBS Process Works. The Coronavirus Mortgage Meltdown is impacting the real estate and mortgage industry. The Coronavirus Mortgage Meltdown caused the mortgage markets in chaos. The Coronavirus Mortgage Meltdown created confusion not just among borrowers but also loan officers and other mortgage and real estate professionals. The…

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Jumbo Loans

Jumbo Mortgage Eligibility Requirements On High Priced Homes
ByGustan Cho, NMLS 873293 October 19, 2021August 21, 2025

This Article Is About Jumbo Mortgage Eligibility Requirements On High Priced Homes Jumbo mortgage eligibility requirements and guidelines are more strict than government and/or conventional loans. Any mortgage loan balance that is higher than the conforming loan limit of $548,250 is considered a jumbo mortgage. Jumbo loans are also referred to as non-conforming loans because…

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Home Mortgages

How Mortgage Forbearance Affected The Housing Market
ByMike Gracz, NMLS: 1160212 October 14, 2021October 8, 2024

This Article Is About How Mortgage Forbearance Affected The Housing Market: How Mortgage Forbearance Affected The Housing Market In The United States: It is no secret that the housing market has been greatly affected from the global COVID-19 coronavirus outbreak. The United States Congress enacted the C.A.R.E.S. ACT which set forbearance protection for individuals and…

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Mortgage Rates

Calculating Annual Percentage Rate On Home Mortgage Transactions
ByGustan Cho, NMLS 873293 September 18, 2021July 22, 2024

This Article Is About Calculating Annual Percentage Rate On Home Mortgage Transactions An FHA Loan or VA loan, which typically adds on the upfront mortgage insurance premium to the mortgage balance, will rise the effective annual percentage rate, also referred to as APR, for that amount is now a finance cost. Calculating Annual Percentage Rate can…

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Home Mortgages

Qualifying At Banks Versus Mortgage Companies For Mortgage
ByGustan Cho, NMLS 873293 September 16, 2021April 10, 2026

This Article Is About Qualifying At Banks Versus Mortgage Companies For Mortgage When a home buyer thinks of getting pre-qualified for a mortgage loan for a home purchase, the first thought is going to the local bank to qualify for a mortgage. However, the local bank might not be the best choice depending on their…

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