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This article will cover underwriting credit guidelines during the mortgage process. Mortgage borrowers should not stress during the mortgage process. There is no reason for any pre-approvals to get a last-minute mortgage denial. The main reason for a last-minute mortgage loan denial or stress during the mortgage process is the borrower’s inability to qualify by…
Thanks to alternative lending mortgage options, homebuyers who could not qualify for government and conventional loans can now qualify for specialty non-conforming mortgage loans. The 2008 Real Estate & Lending Collapse 2008 eliminated the subprime mortgage markets. Over 30% of our borrowers at Gustan Cho Associates are folks who need alternative lending mortgage options such…
This article will cover the conventional loan guidelines for mortgage borrowers on primary, second, and investment homes. Borrowers needing Conventional loans must meet the minimum Conventional loan guidelines. Conventional loans are called Conforming loans because they must conform to Fannie Mae and Freddie Mac mortgage guidelines. There is no private mortgage insurance on conventional loans…
In this blog, we will cover and discuss mastering a job interview for mortgage loan officers. In the job world these days, there is nothing better you can be than an excellent, skilled, and confident job interview. The job interview is what will ultimately determine if you get the job or you don’t. The mortgage…
There is a major difference in qualifying for an FHA Loan With Bad Credit Versus Late Payments. FHA loans are the best loan program for homebuyers with less-than-perfect credit. HUD, the parent of FHA, is very forgiving with prior bad credit. HUD is a federal agency that sets FHA Agency Mortgage Guidelines. Lenders need to have their…
Real Stories from Real Clients At Gustan Cho Associates, we specialize in turning dreams of homeownership into reality for borrowers who have been turned away by other lenders. Remarkably, 80% of our clients come to us after being denied elsewhere due to low credit scores, high debt-to-income ratios, Chapter 13 bankruptcy, or other financial challenges….
In this blog, we will cover and discuss qualifying for home loan with unpaid collection accounts mortgage options. There are various home loan with unpaid collection accounts mortgage options. FHA, VA, USDA, Non-QM, and conventional loans all do not require outstanding collections to be paid. Find mortgage options for unpaid collection accounts. Get a loan…
Gustan Cho Associates is the nation’s largest mortgage advisor of non-QM and non-Prime loans with its lending partnerships with over 170 wholesale mortgage lenders. Gustan Cho Associates | NEXA Mortgage, LLC NMLS 1660690 is a mortgage advisor licensed in 48 states (With the exception of Massachusetts and New York). We have hundreds of mortgage options…
In this blog, we will cover and discuss qualifying for a mortgage with new lenders after getting mortgage denial for late payments during Chapter 13 repayment plan. Not all lenders have the same mortgage guidelines on government and conventional loans. A mortgage denial for late payments during Chapter 13 plan is normally a dead issue…
In this blog, we will cover and discuss homeowners doing a fast-track low-interest FHA streamline refinance in Alabama for homeowners with a current FHA loan. Homeowners can qualify for an FHA streamline refinance in Alabama with bad credit, no appraisal, no income verification, plus no closing costs. Borrowers can have very low credit scores and…
In this article, we will cover and discuss how homebuyers can qualify for a mortgage after bankruptcy in South Dakota. Consumers who have filed for bankruptcy can qualify for a mortgage after bankruptcy after meeting the waiting period after bankruptcy requirements in South Dakota. The waiting period to qualify for a mortgage after the bankruptcy discharge…
Gustan Cho Associates | NEXA Mortgage LLC NMLS 2315275, also known as Gustan Cho Associates, has its regional mortgage office in Oakbrook Terrace, Illinois. The corporate headquarters of Gustan Cho Associates Empowered by NEXA Mortgage, LLC NMLS 1660690 is in Chandler, Arizona. Gustan Cho Associates empowered by NEXA Mortgage, LLC is licensed in 48 states…
In this article, we will cover and discuss qualifying for FHA loans with under 620 FICO in Utah with outstanding collection and charged-off accounts. There is a huge market for borrowers who need to get approved for FHA loans with under 620 FICO in Utah. One thing borrowers do not realize is that not all…
Alex Carlucci NMLS 229891 is the team leader at Alexander Carlucci | Gustan Cho Associates NMLS 2315275. Alexander is a senior mortgage loan originator with Gustan Cho Associates empowered by NEXA Mortgage LLC NMLS 1660690. Gustan Cho Associates | NEXA Mortgage, LLC is headquartered in Chandler, Arizona, and is licensed in 49 states. Alexander Carlucci…
In this article, we will discuss and cover the rising mortgage rates in hot housing market for homebuyers with skyrocketing home prices. Since Joe Biden took office, inflation has gone through the roof. Home prices are out of control. The ten-year treasuries are nearing 3.00% which is unheard of. The Dow Jones Industrial Average is…
In this article, we will cover and discuss education around the mortgage industry and lending guidelines. Good Evening to each and every one of you! Man oh man has this week been truly a fantastic one. I was able to catch up with some friends and family members as I mentioned in my previous blog,…
In this blog, we will cover and discuss necessary ending giving loan officers strength. Good Morning and Happy Saturday World, I hope all of you are having an amazing weekend thus far. Me, I’ve had a pretty amazing weekend. I had a chance to really sit back and analyze, think about, and dissect my life…
In this blog, we will discuss and cover qualifying and getting approved on FHA loans with not paying off collections and charged-off accounts. I met Gustan Cho when I was working with another lender as a licensed mortgage loan originator. I was seeking out some information concerning a loan that I was working on at…
In this blog, we will cover and discuss the teamwork at The Gustan Cho Team at Gustan Cho Associates. All places of work have different types of employees, all bringing their own strengths and weaknesses. As leaders, we try and select employees who bring the highest skill level to their respective responsibilities. But also try…
Is Now A Good Time For Buying A House With Rising Mortgage Rates? Gustan Cho Associates have been following the mortgage market closely. There has been quite a bit of news surrounding the key financial sectors of the United States economy including the housing market in recent weeks. Since the housing market is a major…
In this blog, we will cover and discuss Fannie Mae Conventional loan limits on one to four-unit properties. The FHFA increased conventional loan limits for six years in a row due to increasing home prices so homebuyers are not priced out of the housing market. As we approach the end of the year, the Federal…
Gustan Cho Associates like to thank and wish all of our clients, viewers, and partners a very Merry Christmas from Gustan Cho Associates Mortgage Group. The Team at Gustan Cho Associates had a record-breaking 2021 and is looking forward to a spectacular 2022. We have added very talented licensed and support personnel to our growing…
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