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This BLOG On How Difficult Is It To Qualify For FHA 203k Rehab Mortgage Was UPDATED And PUBLISHED On July 4th, 2020 The sea was rough that day my friend. Then George pulled the golf ball out of the whale’s blowhole, but where was Jerry Seinfeld? He was conveniently missing during all of this He…
This BLOG On What Are The Foreclosure Procedures And Process Was UPDATED And PUBLISHED On July 2nd, 2020 The government’s position with lending, traditionally, is they are set to ensure there is a warehouse for lending on the secondary, and that there are programs available for low to moderate-income families, as well as low to…
This BLOG On Mortgage Rates On FHA 203k Loans Versus Traditional Mortgages Was PUBLISHED On July 1st, 2020 FHA 203k Loans is an acquisition and construction/renovation loan all combined in one loan. This type of loan is where a home buyer can purchase a fixer-upper or uninhabitable home that is in need of rehab with…
This BLOG On Mortgage Lending Requirements On Government And Conforming Loans Was UPDATED And PUBLISHED On June 29th, 2020 Mortgage Lending Requirements is what lenders follow to see if a mortgage loan applicant qualifies for a residential mortgage loan. There are two types of lending guidelines There are mortgage lending requirements that are set by…
BREAKING NEWS: Mortgage Underwriting During The Covid-19 Pandemic Mortgage Underwriting During The Covid-19 Pandemic is more scrutinized than it ever used to be. Lenders are paranoid about being able to sell their originate and fund after closing The mortgage industry is in chaos due to the coronavirus pandemic The once strong mortgage market is now…
BREAKING NEWS: CARES ACT Mortgage Forbearance Help For Unemployed Homeowners During these crazy economic times, the COVID-19 coronavirus has created numerous stimulus packages from the government as well as individual lending institutions. Whether you have a personal loan, auto loan, credit card, or even a mortgage, you may be eligible for payment forbearance. The term…
BREAKING NEWS: COVID-19 Pandemic Economic Update And Housing Market Changes As the world is still in shambles due to the COVID-19 coronavirus outbreak, Gustan Cho Associates are still originating and funding mortgages without LENDER OVERLAYS. We are available seven days a week even during times like these to help our clients with their mortgage needs…
BREAKING NEWS: Buying a home during governor stay at home order. Buying a home during governor stay at home order and home and mortgage process: Buying a home during the COVID-19 coronavirus outbreak can have additional hurdles. It seems like doing anything these days has additional rules and regulations depending on where you live. In…
BREAKING NEWS: DTI Mortgage Guidelines During The COVID-19 Pandemic Crisis The COVID-19 pandemic outbreak in the United States has not just plummeted the U.S. economy but shut down all non-essential businesses. Millions of businesses closed with no set date of opening Millions of closed businesses will not reopen as the pandemic lingers The good news…
BREAKING NEWS: Economic Coronavirus Impact On Americans And Businesses The Economic Coronavirus Impact On Americans is beyond devastating. Prior to the coronavirus pandemic, the U.S. economy was booming Unemployment rates hit an all-time record low at under 3.5% The Dow Jones Industrial Average surpassed the 29,000 mark this February 2020 HUD and the Federal Housing…
BREAKING NEWS: How The Coronavirus Pandemic Affects Qualifying For FHA Mortgages For Borrowers With Lower Credit Scores With an additional roughly 5 million Americans filing unemployment last week, this pushes a total of 26 million Americans off work due to COVID-19 coronavirus. This is an alarming rate that we hope changes quickly Unemployment was at…
BREAKING NEWS: Mortgage Denial Due To Coronavirus Pandemic Crisis Chaos As the United States and global population deal with this pandemic, many pillars of industry have been affected. The mortgage market is heavily affected due to this pandemic There are many unfortunate outcomes of this COVID-19 outbreak including millions of Americans out of work Since…
BREAKING NEWS: Mortgage Programs Suspended During Coronavirus Pandemic The 2020 housing market is still strong. However, mortgage lenders are going through turmoil and chaos due to the economic impact of the coronavirus pandemic. The secondary mortgage bond markets have plummeted Mortgage-backed securities (MBS) have been tanking where investors do not see any value in purchasing…
BREAKING NEWS: Buying A Home During COVID-19 Pandemic Mortgage Crisis We all know the COVID-19 coronavirus outbreak has affected the world in unimaginable ways. Some major industries such as tourism, retail, automotive, logistics, and even real estate are affected in unmeasurable ways In this blog, we will give a quick COVID-19 mortgage update as well…
BREAKING NEWS: Qualifying for FHA loans during coronavirus pandemic mortgage crisis. Gustan Cho Associates is getting countless calls from borrowers who are getting conflicting reports as to qualifying for FHA loans during coronavirus pandemic mortgage crisis. Many are often confused because they are turned down from qualifying for an FHA loan by lenders. Others who…
This Breaking News Article Is About How The Coronavirus Pandemic Is Affecting The Mortgage Process As we approach a new week during this coronavirus COVID-19 pandemic, Americans are still in panic mode. We are seeing the epicenter New York city grow in panic The White House coronavirus task force is continuing to hold press conferences…
This ARTICLE On Qualifying For FHA Loans During Coronavirus Pandemic Was PUBLISHED On April 4th, 2020 The coronavirus pandemic has not just halted the US economy but has turned the mortgage industry upside down. FHA, VA, USDA, Fannie Mae, Freddie Mac has not changed any agency mortgage guidelines However, most lenders are facing major liquidity…
BREAKING NEWS: Home Buying Process During The Coronavirus Pandemic Crisis As Americans received some puzzling news from the White House coronavirus task force briefing yesterday on March 31, 2020, we all must prepare for things to get worse before they get better. By the graphs and model charts presented, we are in for a dark…
This ARTICLE On Reasons Real Estate Agents Wants You Pre-Approved Was PUBLISHED On March 17th, 2020 The Pre-Approval Stage Of The Mortgage Process Is The Most Important Part Of Your Home Buying Process: This Blog Shows The Reasons Real Estate Agents Wants You Pre-Approved There are reasons real estate agents want you pre-approved before showing…
This article covers Quick Credit Score Fixes To Qualify For Mortgage Loans Every mortgage loan program has a minimum credit score requirement. However, even though a mortgage borrower meets the minimum credit score requirements, they should try to get their credit scores as high as possible prior to applying for a mortgage The higher the…
This ARTICLE On How Serious Is The Coronavirus And Its Impact On The U.S. Economy Was PUBLISHED On February 28th, 2020 More and more Americans are asking the question of How Serious Is The Coronavirus? The first death from the widely spoken coronavirus hit yesterday in Washington State The coronavirus scare has shaken the financial…
This BLOG On California Home Buyer Down Payment Assistance Program Was UPDATED And PUBLISHED On February 23rd, 2020 Program Eligibility For California Home Buyer Down Payment Assistance Program: What is the California Home Buyer Down Payment Assistance Program? Down Payment Assistance program that is available to first time home buyers who are residents of the…
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