FHA Income Mortgage Guidelines
FHA mortgage guidelines have strict rules for calculating borrower’s wages. This article explains the different types of income and the income documents needed for an FHA mortgage.
California Housing Market Forecast For Homebuyers For 2021
This Article Is About California Housing Market Forecast For Homebuyers For 2021 For Homebuyers California is the third-largest state by size in the United States and has the largest population out of any state. With a population of 39.5 million residents, the area consists of 163,696 square miles (423,970 km2). Los Angeles County and its […]
Increasing Credit Scores Before Applying For A Mortgage
This article is about Increasing Credit Scores Before Applying For A Mortgage Increasing Credit Scores prior to applying for a mortgage is important to get the lowest mortgage rates. The number one factor in determining mortgage rates by lenders is the borrower’s credit scores. There are other factors that determine mortgage rates. But credit scores […]
Chapter 13 Trustee FHA Loan Approval During The COVID-19 Outbreak
Is It Difficult To Get Chapter 13 Trustee FHA Loan Approval During Repayment Plan? Most Trustees will approve a home purchase and a new mortgage during the Chapter 13 Bankruptcy repayment plan.
How To Fix Bad Credit To Qualify For A Home Mortgage
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 […]
Can You Qualify For A Mortgage With Outstanding Collections
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 […]
Credit Repair To Qualify For Mortgage Loan During Loan Process
This Article Is About Credit Repair To Qualify For Mortgage Loan During Loan Process Millions of Americans have bad credit due to the financial meltdown of 2008. Everyone heard of credit repair. Credit Repair is a big business and many consumers get mailers from credit repair companies. Nothing is wrong with hiring a credit repair […]
High Debt To Income Ratio Mortgage Solutions To Meet DTI Guidelines
This Article Is About High Debt To Income Ratio Mortgage Solutions To Meet DTI Guidelines Debt to income ratio and credit is the two most important factors in the mortgage approval process. The debt to income ratio is calculated by adding the total minimum monthly payments and dividing it by the mortgage borrower’s monthly gross […]
Shopping For Mortgage With Bad Credit And Low Credit Scores
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 […]
FHA Loans After Chapter 13 Bankruptcy Mortgage Guidelines
This Article Is About FHA Loans After Chapter 13 Bankruptcy Mortgage Guidelines Bankruptcy is a fairly common legal option when one’s liabilities exceed their income and assets. Bankruptcies is a federal law that gives consumers a chance to discharge and/or restructure their debts and have a fresh financial start. Most folks do not realize that […]
