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      • Oakbrook Terrace, Illinois | Gustan Cho Associates Mortgage
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mortgage process

Home / mortgage process - Page 2
Qualifying Borrowers For Mortgage
Conditional Loan Approval | Home Mortgages | Mortgage Processing And Underwriting | Qualifying & Getting Pre-approved | Videos

Qualifying Borrowers For Mortgage on Purchase and Refinance

ByAnngelli Abenes Posted onMay 31, 2024January 31, 2025

This guide covers the process of qualifying borrowers for mortgage on home purchases and refinances. From the application stage to…

Continue Reading Qualifying Borrowers For Mortgage on Purchase and RefinanceContinue

Credit in Mortgage Process
Re-Establishing Credit | Bad Credit Mortgages | Credit Disputes | Credit Scores | Videos

Credit in Mortgage Process: Credit Scores vs Credit Report

ByGustan Cho Posted onMay 29, 2024March 11, 2025

This guide covers credit in mortgage process. We will cover the difference between credit scores vs credit reports. Credit in…

Continue Reading Credit in Mortgage Process: Credit Scores vs Credit ReportContinue

Shopping For Insurance
Home Mortgages | Homeowners Insurance | Videos

Shopping For Insurance With Best Premium and Terms

ByMargarett Jurilla Posted onMay 29, 2024May 30, 2024

This guide covers shopping for insurance for the best premium and terms during the mortgage process. Shopping for insurance is…

Continue Reading Shopping For Insurance With Best Premium and TermsContinue

How Does Mortgage Process Work
Mortgage Processing And Underwriting | Videos

How Does Mortgage Process Work After Being Pre-Approved

ByGustan Cho Posted onMay 28, 2024October 8, 2024

This guide covers how does mortgage process work after being pre-approved. Most folks consult with a loan officer when they…

Continue Reading How Does Mortgage Process Work After Being Pre-ApprovedContinue

Avoiding Stress During Mortgage Process
Home Purchase | Videos

Avoiding Stress During Mortgage Process And Close On Time

ByAnngelli Abenes Posted onMay 22, 2024February 10, 2025

This Article Is About Ways Of Avoiding Stress During Mortgage Process And Close On Time There is no reason why…

Continue Reading Avoiding Stress During Mortgage Process And Close On TimeContinue

Role Of Mortgage Processor
Mortgage Processing And Underwriting | video

Role Of Mortgage Processor During The Mortgage Process

ByAnngelli Abenes Posted onMay 21, 2024August 28, 2024

In this article, we will cover and discuss the role of mortgage processor during the mortgage process. The mortgage processor…

Continue Reading Role Of Mortgage Processor During The Mortgage ProcessContinue

How Loan Officers Qualify Borrowers
Mortgage Lender Overlays | Videos

How Loan Officers Qualify Borrowers And Issue Pre-Approvals

ByAlex Carlucci Posted onMay 21, 2024August 28, 2024

This Article Is About How Loan Officers Qualify Borrowers And Issue Pre-Approvals. Understanding how loan officers qualify borrowers is crucial in the…

Continue Reading How Loan Officers Qualify Borrowers And Issue Pre-ApprovalsContinue

Home Buying Stress
Bad Credit Mortgages | Home Mortgages | video

Home Buying Stress During Mortgage Underwriting Process

ByAnngelli Abenes Posted onMay 20, 2024April 7, 2025

This article is about Why Mortgage Process Is Biggest Home Buying Stress The process of buying a home can be…

Continue Reading Home Buying Stress During Mortgage Underwriting ProcessContinue

Prenuptial Agreements
Home Mortgages | Home Purchase

How Does Prenuptial Agreements Affect Mortgages

ByAnngelli Abenes Posted onMay 17, 2024May 22, 2024

This guide covers how prenuptial agreements affect mortgage loans. You may have heard of prenuptial agreements if you plan to…

Continue Reading How Does Prenuptial Agreements Affect MortgagesContinue

Why Do Mortgage Lenders Ask For Reserves
Mortgage Processing And Underwriting | Manual Underwriting | Muti-Family Investment | Videos

Why Do Mortgage Lenders Ask For Reserves From Borrowers

ByAnngelli Abenes Posted onMay 13, 2024August 28, 2024

When And Why Do Mortgage Lenders Ask For Reserves? On VA and FHA manual underwriting, one month’s reserves are required. Multi-family units require reserves by homebuyers.

Continue Reading Why Do Mortgage Lenders Ask For Reserves From BorrowersContinue

Closing On Your New Home
Mortgage Processing And Underwriting | Clear To Close | Conditional Loan Approval

Closing on Your New Home In 21 Days From Application To CTC

ByAnngelli Abenes Posted onMay 9, 2024May 12, 2025

This blog will cover closing on your new home in 21 days from application to CTC.  Closing on your new…

Continue Reading Closing on Your New Home In 21 Days From Application To CTCContinue

Verified Assets For Home Loan
Clear To Close | Home Purchase | video

How Mortgage Underwriters Consider Verified Assets For Home Loan

ByAnngelli Abenes Posted onMay 8, 2024August 28, 2024

When applying for a mortgage loan, homebuyers must present verified assets for home loan to the lender. Verified assets include…

Continue Reading How Mortgage Underwriters Consider Verified Assets For Home LoanContinue

Qualifying Credit Score For Mortgage
Home Mortgages | Credit Scores | Mortgage Processing And Underwriting | Qualifying & Getting Pre-approved | Videos

Qualifying Credit Score For Mortgage Used By Lenders

ByAnngelli Abenes Posted onMay 8, 2024April 7, 2025

In this blog, we’ll explain the qualifying credit score that lenders use for mortgages. Mortgage underwriters determine this score by…

Continue Reading Qualifying Credit Score For Mortgage Used By LendersContinue

How Underwriters View Unsourced Funds In Mortgage Process
Mortgage Processing And Underwriting | Qualifying & Getting Pre-approved | Videos

How Underwriters View Unsourced Funds In Mortgage Process

ByAnngelli Abenes Posted onMay 2, 2024April 24, 2025

This guide covers how underwriters view unsourced funds while analyzing and reviewing a borrower. Unsourced funds have no paper trail,…

Continue Reading How Underwriters View Unsourced Funds In Mortgage ProcessContinue

Home Inspection
Home Purchase | Mortgage Processing And Underwriting | Videos

Home Inspection Before Starting The Mortgage Process

ByAnngelli Abenes Posted onApril 30, 2024August 23, 2024

This guide covers home inspection before proceeding with the mortgage process. A home inspection is an inspection of a home…

Continue Reading Home Inspection Before Starting The Mortgage ProcessContinue

Factors Affect Pre-Approval
Mortgage Processing And Underwriting | Videos

Factors Affect Pre-Approval And Stress During Mortgage Process

ByGustan Cho Posted onApril 23, 2024August 21, 2024

This article explores the Factors Affect Pre-Approval And Stress During Mortgage Process. Once individuals decide to purchase a home, the…

Continue Reading Factors Affect Pre-Approval And Stress During Mortgage ProcessContinue

Delays in Mortgage Loan Closings
Mortgage Processing And Underwriting | Clear To Close | Videos

How to Avoid Delays in Mortgage Loan Closings

ByAlex Carlucci Posted onApril 15, 2024August 19, 2024

This guide covers how to avoid delays in mortgage loan closings. When homebuyers enter a real estate purchase contract, the…

Continue Reading How to Avoid Delays in Mortgage Loan ClosingsContinue

Documents Required For Mortgage
Mortgage Processing And Underwriting | Clear To Close | Qualifying & Getting Pre-approved | Videos

Documents Required For Mortgage Processing and Underwriting

ByDale Elenteny Posted onApril 4, 2024August 16, 2024

This guide covers documents required for mortgage processing and underwriting. All documents required for mortgage processing and underwriting needs to…

Continue Reading Documents Required For Mortgage Processing and UnderwritingContinue

Credit Supplement
Mortgage Processing And Underwriting | Qualifying & Getting Pre-approved | Videos

What is a Credit Supplement For a Mortgage

ByGustan Cho Posted onApril 2, 2024April 22, 2025

This guide covers what a credit supplement in a mortgage is and how it works. There are three major credit…

Continue Reading What is a Credit Supplement For a MortgageContinue

Funds In Bank Statements
Mortgage Processing And Underwriting | Proof of Funds | Videos

Funds In Bank Statements That Cannot Be Used By Lenders

ByGustan Cho Posted onApril 1, 2024April 7, 2025

This guide covers funds in bank statements that mortgage lenders cannot use.  All funds in bank statements that are newer…

Continue Reading Funds In Bank Statements That Cannot Be Used By LendersContinue

Denied By a Bank For Your Mortgage And Options For Borrowers
Videos | Conditional Loan Approval | Mortgage Lender Overlays | Mortgage Processing And Underwriting | Qualifying & Getting Pre-approved

Home Loan Approval After Denied By a Bank For Your Mortgage

ByGustan Cho Posted onMarch 23, 2024August 14, 2024

This guide covers getting  a home loan approved after denied by a bank for your mortgage. There should be no…

Continue Reading Home Loan Approval After Denied By a Bank For Your MortgageContinue

Temporary Unemployment Mortgage Guidelines
Income And Employment | Qualifying & Getting Pre-approved | Videos

Temporary Unemployment Mortgage Guidelines

ByGustan Cho Posted onMarch 21, 2024August 14, 2024

This guide coverss temporary unemployment mortgage guidelines on home purchases. The coronavirus pandemic that hit the United States sent millions…

Continue Reading Temporary Unemployment Mortgage GuidelinesContinue

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About Us

Gustan Cho Associates are Mortgage Advisor licensed in 48 states including Washington DC, Puerto Rico, and the U.S Virgin Islands (Not licensed in NY and MA). The team at Gustan Cho Associates has a national reputation of being able to do mortgage loans other mortgage companies cannot do. Gustan Cho Associates dba of NEXA Mortgage has a lending partnerships with over 190 wholesale mortgage lenders with dozens of no overlay lending partners on government and conventional loans and countless non-QM and alternative lending partners. Over 80% of our clients are borrowers who could not qualify at other mortgage companies either due to a last-minute mortgage loan denial due to lender overlays or because the lender did not have the mortgage loan program suited for the borrower. At Gustan Cho Associates, we only market mortgage loan products that exists and are possible.

Recent Articles

  • Hard Money Lenders
    Simple Truth: What Are Hard Money Lenders and How They HelpMay 5, 2025
  • Wholesale Mortgage Lenders for Non-Prime Loans
    Best Wholesale Mortgage Lenders For Non-Prime LoansMay 5, 2025
  • Qualifying for Mortgage with Irregular Income
    Qualifying For Mortgage With Irregular IncomeApril 30, 2025
  • Home Loan with Tax Lien
    Home Loan With Tax Lien And Judgment Mortgage GuidelinesApril 29, 2025

DTI Calculators

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Resources

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  • How To Increase FICO Scores For a Mortgage
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Equal Housing Opportunity Lender Gustan Cho Associates empowered by NEXA Mortgage LLC. NMLS# 1660690,
Corporate Address: 3100 Ray Road Suite 201 Office # 209 | Chandler AZ 85226 Company NMLS 1660690, Gustan Cho NMLS #873293 Company State License #: AZMB - 0944059, Branch: 17W662 Butterfield Road Suite 305 Oakbrook Terrace, Illinois 60181 Branch NMLS 2315275 AXEN is a dba of NEXA Mortgage LLC
DISCLAIMER: The author(s) contributing content to this site, accept no liability or responsibility for errors, omissions or changes in market conditions that may impact the readers' conclusions drawn or assumptions related to the content of this site. The copywritten© information contained on this site is provided on an "as is" basis, at the time of publication, without guarantees of timeliness, thoroughness, accuracy, or usefulness to the consumer. The content on this site does not constitute financial or professional advice of any kind, and readers are encouraged to consult their own professional advisors for professional advice.
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CALL NOW
  • About Us
    • Contact Us
    • Get Pre-Approved
    • Order Credit
    • FICO Simulator
    • MLO License School
    • Why Choose Us
    • Meet Our Team
    • Loan Limits
      • FHA Loan Limits
      • Conforming Loan Limits
    • Preferred Realtor Partner Network
      • Dino Hasapis | Licensed Real Estate Broker | PRPN Director
      • Oakbrook Terrace, Illinois | Gustan Cho Associates Mortgage
  • Types Of Mortgages
    • Purchase
      • Home Purchase Loans
      • Investment Property Loan
    • Refinance
      • Refinance Mortgage Options
      • Chapter 13 Bankruptcy Cash-Out-Buyout
      • FHA Streamline Refinance
      • VA Streamline Refinance
      • Refinancing NON-QM Loans Into Conventional Mortgages
      • Refinance FHA To Conventional Loans
    • FHA Home Loans
      • FHA Manual Underwriting
      • FHA Chapter 13 Bankruptcy Guidelines
      • FHA Loans For Bad Credit
      • FHA Loans For Low Credit Scores
      • FHA Collections
      • FHA Loans Charged Off Accounts
      • W-2 Income Only FHA Loans
      • FHA Loans With Tax Lien
      • FHA Loan With Judgment
    • VA Home Loans
      • VA Manual Underwriting
      • VA Chapter 13 Bankruptcy Guidelines
      • VA Loans For Bad Credit
      • VA Loans For Low Credit Scores
      • VA Loans With Charged-Off Accounts
      • W-2 Income Only VA Loans
      • VA Loans with Tax Lien
      • VA Loan with Judgment
    • USDA Loans
    • How to Get DACA Mortgage Loans Without the Stress
    • Conventional Loans
      • Conventional Loans W-2 Income ONLY Mortgages
      • Conventional Loans After Foreclosure
      • Conventional Loans After Bankruptcy
      • Conventional Loan With Tax Lien
      • Conventional Loan With Judgment
    • Condotel Financing
    • NON-QM Loans
      • Bank Statement Loans
      • DSCR Loans
      • Asset-Depletion
      • Foreign Nationals
      • ITIN Mortgage Loans
      • No-Doc Loans
    • Jumbo Mortgage
    • FHA 203K Loans
    • Reverse Mortgages
    • Commercial Loans
  • Careers
    • Can Realtors Be MLOs At The Same Time
    • Career Opportunities
      • Training a New Mortgage Loan Officer Without Any Experience
      • MLO License School
    • Mortgage Branch Careers
    • Remote Mortgage Loan Officer Career Opportunities
    • How Do I Become A Mortgage Loan Officer
    • MLO Revenue Share Residual Income Opportunity
  • Videos
  • Blogs
    • Headline News Archives
  • Testimonials
  • Talk To A Loan Officer
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