580 Score VA Financing With No Lender Overlays
This guide covers 580 score VA financing for eligible veteran homebuyers and homeowners. The team at Gustan Cho Associates are…
Fannie Mae Bankruptcy Guidelines on Conventional Loans
As per the Fannie Mae Bankruptcy Guidelines for conventional loans, borrowers must follow a mandatory waiting period after filing for…
Freddie Mac Asset Depletion Mortgage Lending Guidelines
Can you get a Freddie Mac mortgage if you have lots of investments or savings but little or no income? In many cases, you can convert assets into income (for mortgage qualifying purposes) by using asset depletion.
Mortgage After Bankruptcy and Foreclosure | Bankruptcy | FHA Loans | Manual Underwriting | VA Loans | video
Fannie Mae Chapter 13 Guidelines On Conventional Loans
After experiencing financial difficulties, it can be overwhelming to navigate the intricacies of mortgage lending. The process can be complex…
What is The Difference Between ARM Versus Fixed-Rate Mortgages
In this blog, we will cover ARM versus fixed-rate mortgages. ARM stands for an adjustable-rate mortgage. Adjustable-Rate Mortgage is when…
What Factors Affect Mortgage Rates Pricing on Home Loans
Lenders base each borrower’s credit scores as well as other risk factors when determining mortgage rates. The higher the risk of a borrower, the higher the rate. It is best for each borrower to maximize their credit scores and other layered risks to get the best mortgage rates.
Excluding Debts From Co-Signed Loans To Qualify For Mortgage
This guide covers excluding debts from co-signed loans to qualify for mortgage loans. Mortgage borrowers who are co-signers on debts…
California FHA Loans Versus Other Mortgage Options For Homebuyers
California FHA loans are a preferred mortgage solution for various borrowers, including first-time homebuyers, individuals with poor credit, and those…
Is This The Year of the Housing Bubble?
Rumors are flying about a possible housing bubble in the US. Are they based in fact, or is this wishful thinking on the part of frustrated would-be buyers?
FHA Mortgage Guidelines on Credit Disputes
This blog will discuss FHA mortgage guidelines on credit disputes during the mortgage process. In general, you cannot have credit…
VA Loans Residual Income Guidelines For 2024
Lenders can offer 100% with no mortgage insurance at competitive low mortgage rates on VA loans due to the government guarantee against loss or foreclosure on VA loans. VA loans have no maximum debt-to-income ratio cap on VA loans.
How to Avoid Delays in Mortgage Loan Closings
This guide covers how to avoid delays in mortgage loan closings. When homebuyers enter a real estate purchase contract, the…
Qualifying For VA Mortgage After Prior VA Loan Foreclosure
This Article Is About Qualifying For VA Mortgage After Prior VA Loan Foreclosure For many veterans, a VA loan is…
Florida Housing Market For Homebuyers and Renters
There is no sign of any housing market crash, especially in Florida. Home prices are booming with no signs of any correction.
Bad Credit Mortgages | FHA Loans | NON-QM Loans | Qualifying & Getting Pre-approved | VA Loans | Videos
Can I Buy a House in South Dakota With Poor Credit
In this blog, we’ll address the common inquiry: Can I buy a house in South Dakota with poor credit and…
Commercial Real Estate Purchase Using FHA Financing
In this blog, we will cover and discuss commercial real estate purchase using FHA financing. In the following paragraphs, we…
Community Property States Mortgage Guidelines On DTI
This article will tackle the Community Property States Mortgage Guidelines On DTI. Understanding marital property rights can be intricate, especially…
DSCR Mortgage Loans: Debt-Service Cover Ratio
DSCR mortgage loans, debt-service coverage ratio mortgages, is a type of no-income verification mortgage loan program. There is no income…
Appraisal Transfer Policy From One Lender To Another
This blog will discuss the appraisal transfer policy from one lender to another when a borrower changes mortgage lenders. As…
How Property Taxes on New Construction Homes Are Calculated
This blog will discuss how mortgage underwriters calculate property taxes on new construction homes. Property taxes on new construction homes…
Bi-Weekly Mortgage Loan Payments Versus Monthly Payments
Transitioning from monthly to bi-weekly mortgage loan payments can be a strategic move for homeowners looking to expedite their mortgage…
1099 And Self Employed Borrowers Mortgage Guidelines
More and more people are choosing self-employment or contract work as their source of income. This trend means that mortgage…
