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Second Home Versus Investment Home Financing: What Homebuyers Need to Know If you are buying another property after your primary residence, one of the first things you need to understand is whether the home will be financed as a second home or an investment property. That difference matters more than many buyers realize because it…
Curb Appeal In Selling Your House: How To Attract More Buyers And Stronger Offers This guide covers curb appeal in selling your house fast. Importance Of Curb Appeal In Selling Your House: Home sales are finally picking up. The real estate market slowly recovered after the 2008 Great Recession and Real Estate Collapse. There are…
Non-Conforming Loans: Definition, Process, Benefits, and Who They Cater To In this article, we will cover non-conforming loans and the types of non-QM mortgages for borrowers who do not qualify for traditional mortgage loans. The difference between non-conforming loans versus conforming loans is conforming loans conform to Fannie Mae or Freddie Mac Mortgage Guidelines. Any…
FHA Waiting Period After Bankruptcy and Foreclosure: 2026 Guide to FHA Loan Qualifications This guide covers the FHA Waiting Period After Bankruptcy and Foreclosure. The FHA mandates waiting periods after bankruptcy, foreclosure, and short sales for loan qualification. HUD guidelines specify these waiting periods. FHA loans target individuals with low to moderate incomes, aiding first-time…
Homebuyers should ask for seller concessions from the home seller to pay closing costs. There are two types of costs for a home purchase. The down payment and closing costs. Most homebuyers do not have to come up with closing costs. Alex Carlucci, a senior mortgage loan officer at Gustan Cho Associates and an associate…
There is no single answer to the question, “How much income do I need to buy a house?” in 2026. Your required income will depend on various factors, including the home price, interest rate, down payment, property taxes, homeowners’ insurance, monthly debts, and credit profile. Lenders typically assess your debt-to-income ratio, which illustrates how much…
This guide covers the top reasons to refinance your current home loan. Many homeowners should be thinking of refinancing your current mortgage to see if there are ways of saving money. Most homeowners do not realize the type of money they can save by refinancing their current home loan. Top reasons to refinance a home loan…
Millennial Home Buyers: Your 2026 Guide to Owning a Home Are you a millennial dreaming about owning a home? You’re not alone. In 2026, more millennial home buyers are entering the market than ever before. But with rising prices, high rent, and student loan debt, buying your first home might feel out of reach. At…
When the stock market drops sharply, many homebuyers, homeowners, and real estate investors immediately ask the same question: Will mortgage rates go down, too? It is a fair question because market volatility often creates major shifts in borrowing costs, consumer confidence, and housing affordability. Understanding how a stock market correction affects is important for anyone…
NON-QM Jumbo Loans: Flexible Mortgage Options for Bad Credit and Alternative Income Documentation NON-QM jumbo loans are alternative mortgage loan programs for owner-occupant primary homes, second homes, and investment properties. Most non-QM loans do not have maximum loan limits. Any non-QM or alternative lending products with a loan balance higher than the 2026 conforming loan…
Non-QM 90 LTV Jumbo Loans: How High-Balance Borrowers Qualify With Less Than 20% Down In this blog, we will discuss and cover our traditional 90 LTV jumbo loans with no private mortgage insurance required. Gustan Cho Associates offers a wide variety of traditional and non-traditional alternative jumbo mortgage programs. Learn about Non-QM 90 LTV jumbo…
Mistakes To Avoid Selling Your Home: Biggest Mistakes Sellers Should Not Make Great news for homeowners who were stuck from selling their homes due to their homes being underwater. The real estate market is hot nationwide. With mortgage rates increasing at a record pace, the housing market is still hot with no signs of a…
In this blog, we will cover and discuss the steps in buying and selling a home and closing on time. Many renters who have been on the sidelines are beginning to pull the trigger on buying their first home. Christy Hembree, a senior mortgage loan originator at Gustan Cho Associates says the following about step…
VA home loans are among the most powerful benefits available to eligible veterans, active-duty service members, and certain surviving spouses—often offering 0% down, no monthly mortgage insurance, and more flexible credit guidelines than many other programs. This guide breaks down VA home loan requirements in plain English, including eligibility, the Certificate of Eligibility (COE), credit…
Buying a home during economic uncertainty can feel scary. News headlines discuss layoffs, inflation, rising prices, and shifting interest rates. You might ask yourself: “Is this the right time to buy?” “What if I lose my job?” “What if home values go down after I close?” The truth is, people are always buying homes in…
Buying a house during a recession can feel scary. News headlines discuss job losses, high prices, and interest rate changes. At the same time, you may come across homes that fit your needs, and worry that you will miss your chance. This guide is here to help you buy a house even when the economy’s…
NEXA Branch Manager Career Opportunities In this guide on NEXA career opportunities, we will discuss why there are no better career opportunities in the mortgage industry than at NEXA Lending. NEXA Lending, LLC has a lending network of over 280 wholesale mortgage lenders. Not only do we have dozens of lending networks with dozens of…
Benefits of Being a Homeowner vs Renting: Which is More Cost Effective? This guide covers homeowner tax benefits versus renting. There are so many advantages of buying versus renting a home. One of the top benefits is the homeowner tax benefits homeowners. Homeowner tax benefits do not apply to renters. Analyze benefits of being a…
This guide will discuss the FHA loan limits for standard and high-cost counties throughout the 50 states. Each state has FHA loan limits based on the county. HUD, the parent of FHA, sets the annual maximum FHA loan limits in standard and high-cost counties in the U.S. 2026 FHA Loan Limits First, Select Your State…
The Illinois pension crisis is not just a state budget story. It can affect homeowners and buyers in a very real way through higher property taxes, larger escrow payments, and tighter mortgage affordability. If taxes rise, your monthly housing payment can rise too, even if your interest rate stays the same. This guide explains the…
Welcome to your ultimate guide on FHA Home Loans! This resource is here to answer all your burning questions about qualifying for and getting approved for these fantastic loans. It’s important to note that different lenders may have unique requirements for FHA loans, but don’t worry—FHA loans are praised nationwide for their flexible criteria and…
As per the Fannie Mae Bankruptcy Guidelines for conventional loans, borrowers must follow a mandatory waiting period after filing for Chapter 7 or Chapter 13 bankruptcy before being considered eligible for a conventional loan. Bill Burg, a dually licensed mortgage loan originator and realtor and an associate contributing editor at Gustan Cho Associates says the…
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