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Gustan Cho Associates and Great Community Authority Forums News are updating a new updated guide on the Southern California Gas Leak and leaving the old version from December 4th, 2015 and the updated version from September 24th, 2018 on its news archive section. The reason we are updating this new guide on Southern California Gas…
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…
This guide covers what happens when the Federal Reserve Board increases interest rates. This guide is an update of an article written about the Federal Reserve Board increasing interest rates by 0.25 basis points, which was published on July 18th, 2018. We will include the previous unedited edition of the original article. Federal Reserve Board…
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…
Save Over $10K Using a Mortgage Calculator in New Mexico in 2025 Are you dreaming of owning your first home in New Mexico but worried about the cost? A mortgage calculator in New Mexico can be your best friend. It’s not just a simple tool; it’s a game-changer that helps first-time homebuyers make smart decisions,…
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…
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…
In this blog, we will cover and discuss IHDA mortgage guidelines on Illinois home purchases. The Illinois Housing Development Authority (IHDA), commonly referred to as IHDA, is a down payment assistance mortgage program for homebuyers in Illinois. IHDA mortgage guidelines make homeownership possible for homebuyers in Illinois by covering the down payment and closing costs…
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…
This guide covers the ill-fated HUD’s FHA Back to Work Mortgage. The FHA Back to Work Mortgage no longer exists. This guide is a follow-up of an older HUD FHA Back to Work mortgage published on February 21st, 2018. The FHA Back to Work mortgage was a total disaster since the day it was launched….
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,…
Understanding Hard Pull Credit Inquiries: Your Guide to Smarter Credit Decisions When you’re considering buying a home, every step you take towards securing your mortgage matters—especially when understanding hard pull credit inquiries. This detailed guide will help you understand hard pull credit inquiries, their impact on your credit score, and how to manage them while…
This guide covers the importance of smart technology in mortgage careers. Let’s first start with the definition of smart technology. What is smart technology? Talking alarm clocks, TVs, Robots, and talking watches? Really? Alex Carlucci, a senior loan officer at Gustan Cho Associates, explains smart technology in the mortgage industry as follows: In retrospect, it…
This guide covers tire maintenance and safety for car owners. Your vehicles tires are the only part of your vehicle that has direct contact with the road. Tires affect how your vehicle handles, rides, brakes and thus performs. For optimum performance and maximum longevity of your tires, proper tire pressure, balance, alignment and tread depth…
Gustan Cho Associates has mortgage with no income documentation, no tax returns, and low credit scores. Many folks who have established themselves with good credit and stable income and have decided that they are ready to become homeowners seek to get qualified for a home loan. One of the most important factors lenders look in…
This guide covers the benefits and negatives of homeschooling versus public education. Lately I’ve been feeling kind of nostalgic about air travel as it used to be before the 90’s. I remember that flying was a grand event. My grandmother used to wear her best suits, her finest jewelry and even hats. Dressed up as…
This guide covers the mortgage markets and interest rates. The mortgage markets and interest rates have seen volatile trends in recent weeks. The first and foremost is rising interest rates when analyzing mortgage markets and interest Rates. John Strange, a senior loan officer at Gustan Cho Associates and an associate contributing editor at GCA Forums…
This guide covers taking test for job to get started to a career as a mortgage loan officer. I am currently dealing with the issue of worrying too much about an upcoming test. If you read my previous article about passing the NMLS exam on the first try, I know I said you need to…
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