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Buying a House in Iowa: Everything You Need to Know in 2025 If you are considering buying a house in Iowa, you are not alone. Many people are realizing the benefits of owning a home in the Hawkeye State. This guide will help you, whether you are a first-time buyer, moving from another state, or…
Refinancing Non-QM to Conforming Loans in 2025: A Smart Move for Lower Rates If you have a non-QM loan and you’re wondering if refinancing into a conforming loan is possible, the answer is yes. In fact, many homeowners use non-QM mortgages as a stepping stone and plan on refinancing non-QM to conforming loans once they…
Can You Close Your Investment Property Under A Limited Liability Corporation? Many wholesale real estate investors will not allow borrowers of investment properties to close
This blog covers how the artic blast cause homeowners havoc like it did back in January 2019. Chicago and nearby towns, municipalities, and cities experienced the Great Chicago Artic Blast in the city history. We have updated the original blog published on January 2019 titled Artic Blast Cause Homeowners Havoc. John Strange, a senior mortgage…
This guide covers mortgage rate forecast and outlook seem promising with the election of a new President. Mortgage rate forecast is expected to move lower in 2025 into 2026. Mortgage rate forecast and outlook seem like rates will move lower but not quickly due to inflation and the Trump tariffs. John Strange, a senior mortgage…
Non-QM Loans for Real Estate Investors: A Smart Alternative to Hard Money in 2025 If you’re a real estate investor looking to buy a rental property, fix and flip a home, or grow your portfolio, you may have hit a wall with traditional lenders. Maybe the bank said no because you’re self-employed, don’t show enough…
Are There Any Mortgage Lenders That Offer 95% CLTV Jumbo Mortgages For High-End Home Purchases? Gustan Cho Associates are experts in helping buyers of high-end homes qualify for 95% CLTV Jumbo Mortgages for high-end properties.
Mortgage Payment Structure Explained: What Every Homebuyer Needs to Know Are you considering buying a home but unsure what a mortgage payment includes? You’re not alone. A lot of first-time homebuyers don’t realize that their mortgage payment includes more than just paying back the loan. In this updated guide, we’ll explain exactly how a mortgage…
The Best Wholesale Mortgage Lenders for Non-Prime Loans: Your Complete Guide in 2025 Are you a borrower with less-than-perfect credit, self-employed, or recovering from a past financial hardship? If so, you’re not alone. Many borrowers like you are searching for the best wholesale mortgage lenders for non-prime loans who can help them achieve the dream…
This guide covers what a clear-to-close on FHA loans means. What does a clear-to-close on FHA loans mean for borrowers? A clear-to-close is the final step of the mortgage process before the home closes. The mortgage underwriter is the person who signs off on the clear-to-close. The clear-to-close is commonly referred to as the CTC….
Mortgage brokers are paid a commission, referred to as Yield Spread Premium Explained, from wholesale mortgage lenders or end lenders, for their services of originating a mortgage loan. Mortgage brokers are licensed mortgage loan originators who have relationships with multiple wholesale mortgage lenders. Mortgage Brokers are licensed professionals who have access to multiple wholesale lending…
This blog examines the eligibility requirements for FHA loans after unemployment or employment gaps. Prospective FHA loan applicants now have the opportunity to qualify, even if they have faced periods of unemployment or breaks in their employment history. Contrary to a widespread misconception that obtaining these loans necessitates an uninterrupted two-year work history with no…
Can You Qualify For Manual Underwriting With Late Payments? VA and FHA allow manual underwriting for borrowers who cannot get an approve/eligible per automated underwriting system.
How Holidays Affect the Mortgage Process: What Every Homebuyer Should Know Buying a home is one of the most significant moments in your life. But if you plan to close during a holiday season, you may run into delays you weren’t expecting. In this guide, we’ll explain how holidays affect the mortgage process, what causes…
Manual Downgrade from AUS Approval: What It Means and How to Get a Mortgage in 2025 Getting a mortgage can feel like a roller coaster. One minute, you’re told you’re approved. The next? You’re told your file is being downgraded. If you’ve heard the words “manual downgrade from AUS approval,” you’re not alone. And don’t…
Mortgage Guidelines After High School: How to Qualify for a Home Loan Buying a home is a big dream for many, especially young adults just out of high school. You might wonder, “Can I really buy a house now?” The answer is yes. With the right steps, the right loan, and a team like Gustan…
There is no reason why a pre-approved borrower should ever get a last-minute mortgage denial by a mortgage underwriter. The main reason why borrowers get a last-minute mortgage
In this blog, we will cover and discuss qualifying and getting a mortgage approval for home purchase on acreage in rural areas. Gustan Cho Associates is licensed in 48 states including Washington, DC, Puerto Rico, and the U.S. Virgin Islands. We have dozens of options for mortgage approval for home purchase on acreage in rural…
Appraisal Transfer Policy: How to Transfer a Home Appraisal to a New Lender If you’re changing mortgage lenders and have already paid for a home appraisal, you’re probably wondering: Can I use the same appraisal? The good news is yes—in many cases, you can. The process is called an appraisal transfer, and this guide explains…
Closing Mortgage Under LLC: How Real Estate Investors Can Use an LLC to Get a Mortgage Are you a real estate investor wondering how closing mortgage under LLC works? You’re not alone. Investors often choose to buy or finance rental properties through a limited liability company (LLC) instead of using their personal names. This guide…
Social Security Income for Mortgage: How to Use It to Buy a Home If you’re living on Social Security income and think you can’t get a mortgage, you’re not alone. But here’s the truth: you can absolutely qualify for a mortgage using Social Security income. Whether you’re retired, semi-retired, or on disability, there are loan…
Most mortgage lenders really don’t like seeing overdrafts in bank statements. If they spot an overdraft, it can make them think you’re not managing your money well, which could lead them to reject your mortgage application. Even just one overdraft can be a deal breaker. So, it’s best to avoid submitting bank statements showing any…
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