This Article Is About How To Fix Bad Credit To Qualify For A Home Mortgage How To Fix Bad Credit To Qualify For A Home Mortgage For Homebuyers And Homeowners: Mortgage borrowers can have prior bad credit and qualify for a mortgage. This holds true as long as they have been timely for the past […]
This Article Is About Can You Qualify For A Mortgage With Outstanding Collections The team at Gustan Cho Associates often gets countless calls daily from borrowers who ask Can You Qualify For A Mortgage With Outstanding Collections and Charged-Off Accounts? Will outstanding collections and charged-off accounts yield higher mortgage rates? Should I pay off outstanding […]
This Article Is About Shopping For Mortgage With Bad Credit And Low Credit Scores Shopping for mortgage with bad credit can get quite challenging. There are so many mortgage lending regulations to protect consumers by the CFPB and other regulatory agencies. Mortgage regulators keep on creating and implementing new regulations and mortgage disclosures year after […]
This article is about Getting Qualified For An FHA Loan With Bad Credit Versus Late Payments Mortgage Guidelines 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 […]
This Article Is About Derogatory Credit Mortgage Guidelines On Home Loans Derogatory Credit Mortgage Guidelines And Types Of Bad Credit: Over the years we have received thousands of phone calls, emails, and text messages about derogatory credit In this blog, we will detail the different types of derogatory credit and how they affect your mortgage […]
This Article Is About Home Loan With Late Payments In Past 12 Months On Home Purchase Home Buyers can qualify for home loans with prior bad credit. Qualifying for a home loan with late payments in the past 12 months is different than qualifying for a mortgage with prior bad credit. Prior bad credit with […]
This Article Is About FHA Mortgage With Charge Offs And Collection Accounts Getting FHA Mortgage With Charge Off Accounts Mortgage borrowers can qualify for FHA Loans with outstanding collection accounts without having to pay them off if they go to a mortgage lender with no lender overlays on collection and charged-off accounts: Getting FHA Mortgage […]
This Article Is About Credit Scores In Mortgage Application Process Versus Credit History Meeting credit score requirements is important but equally as important is the borrower’s overall credit history. A 700 credit score mortgage borrower will not qualify for a mortgage if they had multiple recent late payments in the past 12 months. Borrowers who […]
Many homebuyers do not realize they can qualify for a mortgage after bankruptcy, foreclosure, deed in lieu of foreclosure, short sale. Mortgage Guidelines After Bankruptcy And Foreclosure depends on the individual mortgage program. Government and Conventional loans have mandatory waiting periods after bankruptcy and/or a housing event. The waiting period mortgage guidelines after bankruptcy and […]
This Article Is About How To Write Letter Of Explanations To Mortgage Underwriters Borrowers planning on applying for home loans or are currently going through the mortgage process will encounter underwriters who will require letter of explanations for one or more items in question. This is often the case if borrowers had prior credit issues […]
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