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Fannie Mae Guidelines on Timeshare Foreclosure: What Borrowers Need to Know in 2025 Can you get a mortgage after a timeshare foreclosure? Timeshares experienced popularity before the 2008 financial crisis, but many owners faced financial difficulties and could not maintain their obligations. Attempts to sell timeshares often diminished values, leading some owners to foreclose on…
Is it Possible to Refinance During Chapter 13 Bankruptcy? Yes, refinancing during Chapter 13 bankruptcy is possible! Many homeowners think they must wait until after bankruptcy to refinance, but that’s not true. FHA and VA loans allow refinancing during an active repayment plan, but you must meet lender and court requirements. At Gustan Cho Associates,…
Arkansas Mortgage Calculator: To make the home buying process easier and more convenient for our clients, Gustan Cho Associates has launched the Arkansas Mortgage Calculator with the DTI feature. The team at Gustan Cho Associates spent months of research and development in designing and creating the most user-friendly mortgage calculator for borrowers as well as…
Buying a home in California is a dream for many, but understanding how much you can afford can feel overwhelming. That’s where the California Mortgage Calculator by Gustan Cho Associates comes in. This advanced yet easy-to-use tool helps you calculate your monthly mortgage payment—not just the principal and interest but everything else, like taxes, insurance,…
Homebuyers in Oregon can now accurately calculate their total housing payment using the Oregon Mortgage Calculator with PITI, PMI, and HOA powered by Gustan Cho Associates. Oregon has one of the highest home prices in the nation. The state is drawing in a lot of new families from other states due to the beautiful landscape,…
FHA Loan During Chapter 13 Bankruptcy in Arizona: How to Get Approved in 2025 Buying a home while navigating Chapter 13 Bankruptcy might seem daunting, but here’s some good news—you can qualify for an FHA loan during Chapter 13 Bankruptcy in Arizona. Many lenders say you need to wait until your bankruptcy is discharged, but…
Using the Alabama Mortgage Calculator, you can figure out how much your monthly mortgage payment will be, including PMI, property tax, insurance, and, if applicable, HOA fees. The Alabama Mortgage Calculator, created and powered by Gustan Cho Associates, is the most user-friendly mortgage calculator available. Gustan Cho Associates’s Alabama Mortgage Calculator is the most accurate…
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…
This article is about how student loans affect qualifying for mortgage. Two types of debts are the biggest hurdles most home buyers will encounter when qualifying for a mortgage loan. They are student loan debts and automobile monthly payments. Student loan debts can be tens of thousands of dollars. A car payment can be a…
This guide covers the 27-second effect research data and effects on driving. If you’re like most people, you probably need a few moments to re-establish mental focus after ending a phone call or sending a text message: This holds true even if you’re using a hands-free system in your car. But what if the next…
FHA Loans with Child Support Payments: How to Qualify in 2025 Child support payments can significantly affect your ability to qualify for an FHA loan. Whether you pay or receive child support, lenders consider it when calculating your debt-to-income ratio (DTI), which can determine your eligibility. The good news is that FHA loans with child…
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…
Fannie Mae Guidelines on Second Homes: What You Need to Know in 2025 Thinking about buying a second home? Here’s what you need to know! A second home can be a dream getaway, an investment in your future, or even a way to spend more time with loved ones. But before you start shopping for…
A two-year employment history does not necessarily mean two consecutive years at the same job. You can have gaps in employment and/or multiple jobs in the most recent two years and still qualify for mortgage approval. In some cases, you can qualify for a mortgage with 12 months employment history.
Housing Economic Outlook and how it impacts Homebuyers (Updated January 26, 2025) Introduction Housing Economic Outlook: Market activity at the regional level continues to be very active and attended to owing to constant shifts in the economy, changes in population, and an increase in new laws and rules being passed. This updated Housing Economic Outlook…
How Errors on Credit Reports Impact Mortgage Approvals If you’re looking to buy a home, one of the first things your mortgage lender will check is your credit report. Your credit report is like your financial report card, showing lenders how well you’ve managed money in the past. But what happens if there are errors…
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…
In this blog, we will discuss and cover Freddie Mac bankruptcy guidelines on conventional loans. Mortgage borrowers can qualify for government and conventional loans after bankruptcy. However, government and conventional loans require a waiting period after bankruptcy. The waiting period requirements depend on the individual mortgage program. Gustan Cho Associates offer non-QM mortgages one day…
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…
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…
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…
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,…
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