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Adding Yourself to Another Bank Account to Qualify for a Mortgage If you’ve been told that your bank statements could be a problem for mortgage approval, you’re not alone. Many borrowers don’t realize how closely lenders examine bank accounts during the mortgage process. You might struggle to qualify if your account history has overdrafts, irregular…
How to Improve Credit to Qualify for VA Loans (2025 Update) Buying a home with a VA loan is an incredible opportunity for veterans and military families. It can help you get a place you can call your own. However, if your credit score isn’t the best, you might be worried about qualifying for that…
Understanding the VA Funding Fee: Your Ultimate Guide for 2025 Navigating a VA loan can seem complicated at first. Understanding the VA funding fee is important because it affects your total costs. Many people get confused about this, but it doesn’t have to be that way. At Gustan Cho Associates, our mission is to help…
The purpose of VA Loans is to promote homeownership to members of the U.S. Military who served in the U.S. Armed Services. The VA home loan program is among the most powerful benefits available to American military veterans, active-duty service members, and some surviving spouses. Established in 1944 through the Servicemen’s Readjustment Act, commonly known…
Low Down Payment Mortgage: First-Time Homebuyer’s Guide to Homeownership Can You Buy a Home With Little to No Down Payment? Yes! If you think you need 20% down to buy a home, think again! Multiple low down payment mortgage options allow first-time homebuyers to secure a home with as little as 0% to 3.5% down….
Commercial Loans in Chicago: Get Approved Fast with Gustan Cho Associates Are you looking for commercial loans in Chicago but unsure where to start? Finding the right commercial loan can be overwhelming whether you’re a real estate investor, business owner, or developer. At Gustan Cho Associates, we specialize in financing solutions that banks won’t approve….
New Jersey homebuyers can now use the New Jersey Mortgage Calculator powered by Gustan Cho Associates to get the most accurate estimated monthly mortgage payment. If you have shopped for a home in the state of New Jersey, you know how difficult it is to calculate your total monthly payment. It is no secret that…
Re-Establishing Credit During Waiting Period: How to Boost Your Credit and Get a Mortgage Life happens. Job loss, medical emergencies, divorce, or business failures can lead to financial setbacks, including bankruptcy, foreclosure, short sales, or deed-in-lieu of foreclosure. The good news? You can rebuild. Even if you’re in a waiting period after a significant financial…
Conforming Loans After Bankruptcy and Foreclosure: How to Get Approved If you’ve gone through bankruptcy or foreclosure, you might think homeownership is out of reach. But the good news is you can still qualify for a conforming loan—you just need to know the waiting periods, requirements, and steps to get approved. At Gustan Cho Associates,…
Washington Mortgage Calculator Homebuyers in Washington state can easily compute their true most accurate monthly mortgage payment and front-end and back-end debt-to-income ratio using the Washington Mortgage Calculator powered by Gustan Cho Associates. After realizing there is no online home loan calculator that gives an accurate monthly mortgage payment, the team at Gustan Cho Associates…
Minnesota Mortgage Calculator Homebuyers in Minnesota can now get the most accurate estimated monthly mortgage payment with the all-new Minnesota Mortgage Calculator powered by Gustan Cho Associates. Gustan Cho Associates are mortgage advisors licensed in 48 states and have a large presence in Minnesota. The team at GCA Mortgage Group is experts in helping homebuyers…
Gustan Cho Associates has created, developed, and launched both the PITI, PMI, MIP, and HOA Indiana Mortgage Calculator as well as the Debt-to-Income Ratio Indiana Mortgage Calculator. If you are buying a home in Indiana, you need a good reliable online mortgage calculator to help you determine how much home you can afford. How can…
Homebuyers shopping for a home in Kentucky can now use the Kentucky Mortgage Calculator powered by Gustan Cho Associates to compute PITI, PMI, MIP, HOA, and DTI in seconds. The Kentucky Mortgage Calculator will help borrowers compute all the components of the mortgage payments, breaking them down during the amortization term as follows: Principal Interest…
The Mortgage Process After the Conditional Approval: What Happens Next? The mortgage process after the conditional approval is one of the most important steps before closing on your home. If you’ve reached this stage, congratulations! However, you’re not clear just yet. Before you receive your clear to close (CTC), you must satisfy the conditions set…
The Illinois Mortgage Calculator Using the Illinois Mortgage Calculator With PITI, PMI, and DTI powered by Gustan Cho Associates will get you the most accurate estimated housing payment. There is no other mortgage calculator in today’s market that is universal and user-friendly like the Illinois Mortgage Calculator. Most mortgage calculators will just give you principal…
There are at least four or more components of the housing payment depending on the loan program and the property type. We will show you how Gustan Cho Associates Texas Mortgage Calculator will get you the most accurate monthly housing payment that consists of PITI, PMI, MIP, and HOA. Texas Mortgage Calculator With PITI, PMI,…
Conventional Loan Collection Accounts Guidelines: 2025 Updates If you have collection accounts on your credit report and want to buy a home with a conventional loan, you may wonder: Do I need to pay off collections to qualify? Will collections hurt my chances of getting approved? Good news! Fannie Mae and Freddie Mac do not…
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…
Mortgage Charge Offs Lending Guidelines: Your Guide to Homeownership in 2025 Have you experienced a mortgage charge off and need clarification on what it means for your future as a homeowner? The good news is that even if your mortgage has been charged off, there are still opportunities to purchase or refinance a home. We…
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,…
Can you get cashback at closing on VA loans? If you’re a veteran or active-duty service member buying a home with a VA loan, you may wonder: Can I get cashback at closing on VA loans? The short answer is yes but with restrictions. Unlike cash-out refinance loans, VA purchase loans do not allow borrowers…
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…
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