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This Article Is About Non-QM Eligibility Guidelines On Non-QM Mortgage Loans As the major regulatory agencies continue to tighten the guidelines on mortgage lending, the NON-QM mortgage products are thriving. If you have not heard of a NON-QM mortgage loan, this blog is for you Gustan Cho Associates Mortgage Group offer a full slate of…
This guide is an update of a previous article: This guide covers FHFA postpones adverse fee for mortgage refinance loans. FHFA Postpones Adverse Fee until later this year sends mortgage rates lower: Mortgage rates are at historic highs. The housing and mortgage market is in crisis like never in history with high inflation, record high…
This Article On Mortgage Companies Chicago: Hybrid ARM We all know and realize that mortgage lingo isn’t something every homeowner or home buyer is well versed in- that is nothing new. Fear Not!!! Home Buyers who are trying to get qualified for a home loan or potential home buyers who are just curious about the…
This Article On Mortgage Lead Generation Companies Versus Lenders Do you have multiple mortgage brokers contacting you? Getting unwanted solicitation calls can become really annoying Especially if you get dozens of calls every day from mortgage brokers throughout the country There are hundreds of lead generation companies that advertise on the internet They advertise that…
BREAKING NEWS: Indiana versus Illinois tax rates making taxpayers flee Illinois. This guide covers Illinois versus Illinois tax rates. Indiana Versus Illinois Tax Rates are one of the main reasons for a mass exodus of Illinois businesses and taxpayers to Indiana. Indiana is booming. The low tax rates in Indiana are attracting tens of thousands…
This Article Is On Mortgage After Deed In Lieu In California Home buyers can now qualify for mortgage after deed in lieu in California after the mandatory waiting period depending on the mortgage loan program. California is one of the states in the nation with the highest foreclosure rates. Californians were hurt hard by the…
This Article On Mortgage Blogs Online And The Validity Of Accurate Content Mortgage Blogs are mortgage articles written about real estate, mortgage, and lending-related topics by writers and published on the internet. Most consumers who are in need of answers to questions on mortgages or real estate normally will search online and type in keywords…
This Article On Bankruptcy Alternatives & How Bankruptcy Affects Mortgage Qualification Many who have extenuating circumstances such as job loss, business loss, medical issues, or divorce fall behind on their debts. Once consumers fall behind on their debts due to loss of income, it is very difficult to catch up. Many who are behind on…
This Article Is On Lending Requirements For Mortgage After Short Sale In California The State of California has the nation’s highest home prices. California was one of the biggest hit states by the 2008 Real Estate and Mortgage Meltdown Many homeowners had home values drop 50% California is also the nation’s largest state A short…
This Article On Difference Between Mortgage Rate And APR In Home Mortgages There is a Difference Between Mortgage Rate And APR. First of all, they are relatively similar. To explaining it simply, if the cost of the mortgage is high, the APR or Annual Percentage Rate will be higher. The CFPB has strict rules and…
This BLOG On Conforming Mortgage Credit Guidelines For Home Buyers Was UPDATED And PUBLISHED On June 20th, 2020 Conforming Mortgage Credit Guidelines For Home Buyers After Deed In Lieu And Short Sale Conforming Mortgage Credit Guidelines For Home Buyers After Deed In Lieu And Short Sale requires a 4 year mandatory waiting period after the deed…
This BLOG On When Is The Right Time To Refinance Mortgage For Homeowners Was UPDATED And PUBLISHED On June 16th, 2020 Question: When Is The Right Time To Refinance? Answer: There are several answers to this question. The answer to the question of when is the right time to refinance is when the mortgage rates…
BREAKING NEWS: Mortgage Underwriting During The Covid-19 Pandemic Mortgage Underwriting During The Covid-19 Pandemic is more scrutinized than it ever used to be. Lenders are paranoid about being able to sell their originate and fund after closing The mortgage industry is in chaos due to the coronavirus pandemic The once strong mortgage market is now…
BREAKING NEWS: DTI Mortgage Guidelines During The COVID-19 Pandemic Crisis The COVID-19 pandemic outbreak in the United States has not just plummeted the U.S. economy but shut down all non-essential businesses. Millions of businesses closed with no set date of opening Millions of closed businesses will not reopen as the pandemic lingers The good news…
BREAKING NEWS: Coronavirus Threatening Mortgage Industry for homebuyers and homeowners. Coronavirus outbreak is threatening mortgage industry for borrowers buying and refinancing their homes. The coronavirus pandemic crisis has hit home hard. The US economy is in shambles. The US economy was rock solid prior to the pandemic. In February 2020, the Dow Jones Industrial Average…
BREAKING NEWS: How The Coronavirus Pandemic Affects Qualifying For FHA Mortgages For Borrowers With Lower Credit Scores With an additional roughly 5 million Americans filing unemployment last week, this pushes a total of 26 million Americans off work due to COVID-19 coronavirus. This is an alarming rate that we hope changes quickly Unemployment was at…
BREAKING NEWS: Jumbo Loans During Coronavirus Pandemic Mortgage Crisis Jumbo Loans During Coronavirus Pandemic is an issue. The high-end housing market was booming prior to the coronavirus pandemic High-end homes were very much in demand Custom home builders were having record sales year after year The economy was the best ever prior to the coronavirus…
BREAKING NEWS: Lender Overlays Due To Coronavirus Crisis On Mortgage Loans The economic shut down due to the coronavirus pandemic is affecting the US economy like never before. The US economy is shut down due to the unexpected pandemic Millions of businesses have closed, either laying off workers and/or firing them Many closed businesses are…
BREAKING NEWS: VA Loans During Coronavirus Pandemic Mortgage Crisis The US economy is at a standstill as we speak due to the coronavirus pandemic that hit the nation. Prior to the pandemic, the US economy was the strongest it has been in the history of the United States Unemployment hit an all-time historic low at…
BREAKING NEWS: Qualifying for FHA loans during coronavirus pandemic mortgage crisis. Gustan Cho Associates is getting countless calls from borrowers who are getting conflicting reports as to qualifying for FHA loans during coronavirus pandemic mortgage crisis. Many are often confused because they are turned down from qualifying for an FHA loan by lenders. Others who…
This Breaking News Article Is About How The Coronavirus Pandemic Is Affecting The Mortgage Process As we approach a new week during this coronavirus COVID-19 pandemic, Americans are still in panic mode. We are seeing the epicenter New York city grow in panic The White House coronavirus task force is continuing to hold press conferences…
BREAKING NEWS: The 2 Trillion Stimulus Will Devastate The Mortgage Markets And Affect Lending The 2 Trillion Stimulus Will Devastate The Mortgage Markets And Affect Lending. Mortgage lenders nationwide have seen the impact already from the coronavirus pandemic Congress passed the 2 trillion stimulus package today to help individuals, families, and businesses Included in the…
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