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This Article Is About Using Second Home As A Rental And Vacation Home Using Second Home As A Rental and Vacation Home at the same time is becoming more popular among real estate investors. Using Second Home As A Rental, the investor gets to enjoy the benefits of having a vacation home and get rental…
This Article Is On Discouraged Mortgage Loan Borrowers Due To Lender Overlays There are many mortgage loan programs available today for home buyers. FHA Loans, Conventional Loans, USDA Loans, VA Loans, and Jumbo Mortgages. The whole mortgage industry went through a major overhaul after the 2008 Real Estate and Mortgage Meltdown. Many borrowers are not…
This Article Is About Chris LaRocco Endeavor America Wholesale Lender I like to introduce my fellow mortgage brokers to Chris LaRocco, National Account Manager for Endeavor America. Chris LaRocco is a veteran wholesale account manager and is currently the National Account Wholesale Mortgage Manager for Endeavor America Whenever I have a file that is extremely…
This Article Is About VA Forbearance Guidelines During The COVID-19 Outbreak It is no secret that mortgage interest rates are near all-time lows and the mortgage industry is busier than normal. The COVID-19 coronavirus outbreak has sparked a burst in the refinance market across the nation Data shows there are trillions of dollars’ worth of…
This Article Is About Unsecured Credit Card Approval With Bad Credit And Bankruptcy Unsecured Credit Card Approval is possible for consumers with prior bad credit. Unsecured Credit Card Approval is even possible for consumers after a bankruptcy discharge Credit card companies want to grant unsecured credit to consumers However, they want to make sure consumers…
This article covers Lenders Increasing Credit Score Requirements Due To COVID-19 Most borrowers have noticed that Lenders Increasing Credit Score Requirements Due To COVID-19 Outbreak. Lenders across the board have raised their minimum credit score requirements on government and conventional loans due to the coronavirus pandemic The good news is that FHA, VA, USDA, Fannie…
This ARTICLE On VA Co-Signer Mortgage Guidelines On VA Home Loans Was PUBLISHED On August 25th, 2020 2020 UPDATED VA Co-Signer Mortgage Guidelines On VA Home Loans: If you follow Gustan Cho Associates, you know we are experts in VA mortgage financing We offer all of our VA mortgage products without LENDER OVERLAYS Even during…
This Article On Mortgage Blogs Online And The Validity Of Accurate Content Mortgage Blogs are mortgage articles written about real estate, mortgage, and lending-related topics by writers and published on the internet. Most consumers who are in need of answers to questions on mortgages or real estate normally will search online and type in keywords…
This Article On VA Mortgage Guidelines For Same-Sex Married Couples Was Written By Gustan Cho of Gustan Cho Associates The U.S. Department of Housing and Urban Development (HUD) the parent of FHA, allows non-occupant co-borrowers to be added on FHA Home Loans. Fannie Mae and Freddie Mac permits non-occupant co-borrowers The U.S. Department of Veterans…
This BLOG On Risks In Private Money Investing On Real Estate Transactions Was PUBLISHED On July 3rd, 2020 There are many rewards in investing in private money loans and hard money loans for an investor. Investing in hard money loans can offer extreme handsome returns that are secured by real estate Many private money investors…
This ARTICLE On Do All Lenders Have Same Collections And Charge Off Guidelines Was PUBLISHED On June 21st, 2020 One of the most common questions asked by borrowers is Do All Lenders Have Same Collections And Charge Off Guidelines. Over 75% of our borrowers at Gustan Cho Associates are folks who have been turned down…
This guide covers VA guidelines versus overlays during the pandemic economic crisis. It is no secret that qualifying for a mortgage is more difficult during this COVID-19 coronavirus outbreak. If you have been following the news at all, you understand the doom and gloom going on throughout the world. While views are starting to differ…
BREAKING NEWS: Lender Overlays Due To Coronavirus Crisis On Mortgage Loans The economic shut down due to the coronavirus pandemic is affecting the US economy like never before. The US economy is shut down due to the unexpected pandemic Millions of businesses have closed, either laying off workers and/or firing them Many closed businesses are…
BREAKING NEWS: VA Loans During Coronavirus Pandemic Mortgage Crisis The US economy is at a standstill as we speak due to the coronavirus pandemic that hit the nation. Prior to the pandemic, the US economy was the strongest it has been in the history of the United States Unemployment hit an all-time historic low at…
This ARTICLE On Purple Heart Veterans Updated Mortgage Guidelines was PUBLISHED On December 12th, 2019 Many loyal Gustan Cho Associate’s readers are veterans. We are thankful for our veterans and offer VA mortgage loans without any LENDER OVERLAYS A VA mortgage is a great tool to help those who have served our country achieve homeownership…
This BLOG On HUD Secretary Ben Carson To Leave After First Term To Private Sector Was PUBLISHED On March 6th, 2019 HUD Secretary Ben Carson announced that he will be leaving The United States Department of Housing and Urban Development. HUD is the parent of the Federal Housing Administration HUD is in charge of FHA….
Debt-To-Income Ratio Mortgage Calculator Powered by Alex Carlucci of Gustan Cho Associates The debt-to-income ratio mortgage calculator powered by Alex Carlucci of Gustan Cho Associates has been designed for users to compute their own DTI in seconds. Gustan Cho Associates created the debt-to-income ratio mortgage calculator after noticing there is no other debt-to-income ratio mortgage…
This guide covers conforming versus non-conforming mortgage loans. Homebuyers and homeowners have a variety of mortgage loan programs to choose. There are conforming versus non-conforming mortgage loan programs. Conforming Loans needs to conform to government and/or conventional mortgage guidelines. John Strange, a senior mortgage loan originator at Gustan Cho Associates says the following about conforming…
Borrowers Need To Realize How Credit Balance Impacts Credit Scores To Qualify For Mortgage: The key to getting a low mortgage rate is to maximize your credit scores prior to applying for a mortgage. It can simply be done by paying down your credit card balance to a 10% credit utilization ratio.
Clearing Conditions For Clear To Close on Home Purchase: What Buyers Need To Know This guide covers clearing conditions for clear to close on home purchases. Once mortgage borrowers have signed the mortgage application and the mortgage processor has processed it, it gets submitted to underwriting. A mortgage underwriter gets assigned to the file. After…
FHA Title I Loans: The Ultimate Guide for 2026 Home Improvement Projects Are you a homeowner looking to make improvements to your property but need help finding the right financing? Maybe you’ve just bought your first home and want to make some upgrades but don’t have a ton of equity built up yet. If that…
How Property Taxes Can Determine Buying Power When Buying a Home In 2026 When people are looking to buy a home, they usually pay a lot of attention to the sale price and their monthly mortgage payments. But there’s something else that can really mess with your budget: property taxes. In 2026, more buyers are…
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