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This guide covers growing up in the inter-city of Chicago as a homeowner: The Story of John Strange. Escaping and growing up In the inter-City. I grew up in the intercity of the West Side of Chicago, a place where most people would consider the ghetto.We lived in a section called K-town, so named because…
Your mortgage lender checks your credit when you apply for a home loan. Your credit score determines your mortgage rate and also if you qualify for a loan.
Buying Home Near Railroad Tracks: Bargain or Bad Investment in 2025? Buying a home near railroad tracks can stir up mixed emotions. On one hand, the price tag is enticing. On the other hand, questions about noise, safety, and resale value can give buyers pause. In today’s competitive housing market, understanding the pros and cons…
Reaffirming Debts After Bankruptcy: A Complete Guide for Borrowers in 2025 Filing for bankruptcy can feel like a major setback, but it’s often the first step toward rebuilding your financial future. For many, reaffirming debts after bankruptcy is a key decision in regaining financial stability and even qualifying for a mortgage again. At Gustan Cho…
Qualifying for Jumbo Loans in 2025: Your Complete Guide If you dream of purchasing a high-value home and need a loan larger than traditional mortgage limits allow, you’re in the right place. Jumbo loans offer the perfect solution for financing homes that exceed conforming loan limits. In this guide, we’ll explain everything you need to…
This guide will cover the Tampa housing market and mortgage options available for homebuyers. Most realtors in the Tampa, Florida area have worked with the team at Gustan Cho Associates. Most mortgage loan originators who do a lot of business in the Tampa, Florida and its surrounding areas is familiar the presence the team at…
Buying a House in Small-Town America: Your 2025 Guide to Affordable Charm Have you ever felt overwhelmed by the constant rush of city life? The endless traffic, crowded streets, and never-ending noise can leave you longing for a slower, more peaceful pace. If that sounds like you, it’s time to explore the unique charm of…
How Underwriters View Credit History and Recent Late Payments When buying a home, your credit history and recent late payments play a big role in whether you’re approved for a mortgage. Mortgage lenders carefully review your credit history to understand how you’ve managed debt over time. Late payments, especially within the past 12 months, can…
This guide covers buying a house near the Great Lakes area. You can enjoy coming from city life to buying a house near the Great Lakes area. Transitioning to a new lifestyle of lakeside living in the Great Lakes area is anyone’s dream come true. Dale Elenteny, a senior loan officer at Gustan Cho Associates,…
This guide covers how much profit you should make on rental property. Do you own a rental property? How then do you increase your income and profit? Is it by increasing the value of your property? Or, is it by raising the rent? What about cash flow? Have you ever thought of ways to make…
Buying a Home with Dogs: What Every Pet Lover Should Know in 2024 If you’re a pet owner, you understand that dogs are more than just animals—they’re family. Buying a home with dogs means finding a place that works for both you and your furry friends. In fact, over 70% of U.S. households own a…
HUD Forbearance Guidelines on FHA Loans: What Borrowers Need to Know in 2024 Are you struggling to make your mortgage payments and wondering how HUD forbearance guidelines can help? Forbearance can be a lifeline for homeowners experiencing financial hardships. This option offers crucial support by permitting you to either temporarily pause or lower your monthly…
What Is a Stalking Horse Offer and How Does It Work? (2024 Update) If you’re a real estate investor or business owner exploring opportunities in bankruptcy sales, you’ve probably come across the term stalking horse offer. This legal and financial strategy plays a crucial role in helping debtors sell their assets while ensuring creditors receive…
Buying Home on Acreage Versus Home on Lot: What You Need to Know in 2024 Buying a home is one of the most significant financial choices you will encounter. If you’re stuck deciding between buying a home on acreage versus a home on a lot, you’re not alone. This choice can significantly affect your lifestyle,…
Qualifying for a Home Loan After Deed in Lieu of Foreclosure in 2024 Life happens. Financial struggles can force homeowners to make tough decisions, and sometimes, a deed in lieu of foreclosure feels like the best way out. But here’s the good news: your dream of homeownership doesn’t have to end there. At Gustan Cho…
Buying a Foreclosed Home: A First-Time Homebuyer’s Guide for 2024 If you’re considering buying a foreclosed home as a first-time buyer, you’ve probably heard it can be a great way to get a house for less. But what does the process involve, and is it the right choice for you? Buying a foreclosed home comes…
Can You Get a Conventional Loan After Chapter 13 Bankruptcy? Your Complete Guide to 2024 Requirements and Options If you’ve recently gone through a Chapter 13 bankruptcy, you’re probably wondering if you can qualify for a conventional loan after Chapter 13. It’s a common concern, and you’re not alone. Numerous homeowners who have tried to…
What Is Factoring and How Does It Help Businesses in 2024? Running a business can feel like a juggling act—managing operations, paying employees, and staying competitive. Cash flow often becomes the biggest challenge. That’s where factoring comes in. But what is factoring, and how does it work? How can it help businesses thrive in today’s…
Breaking News: Illinois to Raise Property Taxes—What It Means for You as a Homeowner In 2024, Illinois homeowners are grappling with the possibility of higher property taxes as the state faces an ongoing financial crisis. Governor JB Pritzker and lawmakers have proposed increasing property taxes to address the state’s growing pension debt, which has plagued…
Homebuyers do not need great credit and high credit scores to qualify for a mortgage. You can have outstanding collections and charged-off accounts and qualify for a mortgage as long
97 LTV Conventional Versus FHA Loans: Which One Is Right for You? If you’re like most first-time homebuyers, one of the biggest hurdles standing between you and your dream home is the down payment. With everyday costs like housing, groceries, gas, and family responsibilities, saving up for a house can feel impossible. Thankfully, low-down-payment loan…
7 VA Loan Myths Veterans Need to Know in 2024 For veterans or active-duty service members, the VA loan benefit is one of the most valuable home-purchasing resources. However, misconceptions often lead veterans to miss out on these great benefits or face unnecessary hurdles. This guide covers the 7 VA loan myths veterans need to…
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