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      • Oakbrook Terrace, Illinois | Gustan Cho Associates Mortgage
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How To Cancel PMI
Mortgage Insurance | Videos

How To Cancel PMI on Conventional Loans For Homeowners

ByGustan Cho Posted onDecember 22, 2023October 9, 2024

This guide covers how to cancel PMI on conventional loans for homeowners. Mortgage insurance is required on FHA, USDA, and…

Continue Reading How To Cancel PMI on Conventional Loans For HomeownersContinue

Importance of Debt-to-Income Ratio In Mortgages
High Debt To Income Ratio | Videos

The Importance of Debt-To-Income Ratio in Mortgages

ByGustan Cho Posted onDecember 20, 2023July 26, 2024

This guide covers the importance of debt-to-income ratio in mortgages. Borrowers need to keep in mind the importance of debt-to-income…

Continue Reading The Importance of Debt-To-Income Ratio in MortgagesContinue

Written Payment Agreements With Creditors
Charge Off Accounts | Collection Accounts | FHA Loans | Videos

Written Payment Agreements With Creditors

ByGustan Cho Posted onDecember 18, 2023December 19, 2023

This guide covers setting up written payment agreements with creditors and collection agencies so you can qualify and get pre-approved…

Continue Reading Written Payment Agreements With CreditorsContinue

VA Loans During Chapter 7 Versus 13 Bankruptcy
Mortgage After Bankruptcy and Foreclosure | VA Loans | Videos

VA Loans During Chapter 7 Versus 13 Bankruptcy

ByGustan Cho Posted onDecember 18, 2023February 11, 2025

In this blog, we will cover and discuss the agency mortgage guidelines from the U.S. Department of Veterans Affairs for…

Continue Reading VA Loans During Chapter 7 Versus 13 BankruptcyContinue

Qualify For Veteran Administration Loans With Bad Credit
VA Loans | Videos

How To Qualify For Veteran Administration Loans

ByGustan Cho Posted onDecember 16, 2023December 18, 2023

This guide covers how to qualify for veteran administration loans with bad credit. Veteran Administration loans, also referred to as…

Continue Reading How To Qualify For Veteran Administration LoansContinue

Chicago Mortgage Loans For Self-Employed Individuals
Videos | Bank Statement Loans | Income And Employment | NON-QM Loans

Chicago Mortgage Loans For Self-Employed Individuals

ByAlex Carlucci Posted onDecember 13, 2023May 24, 2024

Chicago mortgage loans for self-employed individuals. Many folks in the Chicago Area are business owners and self-employed. If you are…

Continue Reading Chicago Mortgage Loans For Self-Employed IndividualsContinue

How Credit Repair Can Affect The Mortgage Process
Automated Underwriting System | Credit Disputes | Credit Scores | Mortgage Processing And Underwriting | Videos

How Credit Repair Can Affect The Mortgage Process

ByGustan Cho Posted onDecember 11, 2023February 10, 2025

This guide covers how credit repair can affect the mortgage process and cause a mortgage loan denial. There are several…

Continue Reading How Credit Repair Can Affect The Mortgage ProcessContinue

First Payment After Closing For Mortgage Loan Borrowers
Home Mortgages | Mortgage Insurance | Mortgage Rates | Videos

First Payment After Closing For Mortgage Loan Borrowers

ByGustan Cho Posted onDecember 6, 2023March 19, 2024

This guide covers the first payment after closing for mortgage loan borrowers. One of the most common questions new homebuyers…

Continue Reading First Payment After Closing For Mortgage Loan BorrowersContinue

Mortgage Rates and Terms
Mortgage Rates | Videos

Mortgage Rates and Terms versus Credit Scores and LTV

ByGustan Cho Posted onDecember 5, 2023July 26, 2024

This guide covers mortgage rates and terms compared to credit scores and loan-to-value. Homebuyers planning on buying a home should…

Continue Reading Mortgage Rates and Terms versus Credit Scores and LTVContinue

Debt-to-Income Ratio Limit
Mortgage Lender Overlays | Videos

DTI Overlays Required By Lenders on Home Loans

ByGustan Cho Posted onDecember 4, 2023June 28, 2024

This guide covers the DTI overlays lenders require on government and conventional loans. DTI overlays are imposed on home mortgage…

Continue Reading DTI Overlays Required By Lenders on Home LoansContinue

Mortgage Approval With Bad Credit and Late Payments
Bad Credit Mortgages | Mortgage Lender Overlays | Videos

Mortgage Approval With Bad Credit and Late Payments

ByGustan Cho Posted onDecember 4, 2023July 26, 2024

This guide covers mortgage approval with bad credit and late payments. Many consumers have had a period in their lives….

Continue Reading Mortgage Approval With Bad Credit and Late PaymentsContinue

Credit Scores Required For FHA and VA Loans
Bad Credit Mortgages | Credit Scores | FHA Loans | VA Loans | Videos

Credit Scores Required For FHA and VA Loans

ByGustan Cho Posted onDecember 4, 2023July 26, 2024

This guide covers the credit scores required for FHA and VA loans. Many borrowers are confused about the credit scores…

Continue Reading Credit Scores Required For FHA and VA LoansContinue

Verified Funds For Home Closing
Mortgage Processing And Underwriting | Clear To Close | Videos

Verified Funds For Home Closing Prior To Clear-To-Close

ByGustan Cho Posted onDecember 4, 2023July 26, 2024

This guide covers verified funds for home closing before clear-to-close. Failure to provide verified funds for home closing before clear-to-close…

Continue Reading Verified Funds For Home Closing Prior To Clear-To-CloseContinue

College Education Versus Work Experience
Income And Employment | Mortgage Processing And Underwriting | Videos

College Education Versus Work Experience Mortgage Guidelines

ByAlex Carlucci Posted onDecember 3, 2023October 9, 2024

This guide covers qualifying for a mortgage after college education versus work experience mortgage guidelines.  We will further cover why…

Continue Reading College Education Versus Work Experience Mortgage GuidelinesContinue

Recovery of Housing Market
Home Mortgages | Real Estate Topic | Videos

Recovery of Housing Market and Mortgage Guidelines

ByGustan Cho Posted onDecember 3, 2023July 26, 2024

This guide covers the recovery of housing market and updates new mortgage guidelines and loan programs. Many of us remember…

Continue Reading Recovery of Housing Market and Mortgage GuidelinesContinue

Best Time To Purchase a Home For First-Time Homebuyers
Home Purchase | Real Estate Topic | Videos

Best Time To Purchase a Home For First-Time Homebuyers

ByGustan Cho Posted onDecember 1, 2023February 20, 2024

This guide covers the best time to purchase a home for first-time homebuyers. Many homebuyers ask when is the best…

Continue Reading Best Time To Purchase a Home For First-Time HomebuyersContinue

Choosing A Loan Officer
Mortgage Processing And Underwriting | Qualifying & Getting Pre-approved | Videos

Choosing a Loan Officer With No Mortgage Lender Overlays

ByJohn Strange Posted onDecember 1, 2023April 7, 2025

This guide covers choosing a loan officer with no mortgage lender overlays. This guide will discuss watching out for these…

Continue Reading Choosing a Loan Officer With No Mortgage Lender OverlaysContinue

Calculating Monthly Mortgage Payment On Home Purchase
Home Mortgages | High Debt To Income Ratio | Income And Employment | Videos

Calculating Monthly Mortgage Payment on Home Purchase

ByGustan Cho Posted onNovember 30, 2023July 26, 2024

This guide covers calculating monthly mortgage payment on a home purchase. Many first-time homebuyers think they need a lot of…

Continue Reading Calculating Monthly Mortgage Payment on Home PurchaseContinue

Home Loan Programs After Bankruptcy And Foreclosure
NON-QM Loans

Home Loan Programs after Bankruptcy and Foreclosure

ByGustan Cho Posted onNovember 30, 2023March 20, 2024

This guide covers home loan programs after bankruptcy and foreclosure. There are various home loan programs after bankruptcy and foreclosure….

Continue Reading Home Loan Programs after Bankruptcy and ForeclosureContinue

Best Arizona Mortgage Lenders For Bad Credit With Low FICO
Videos | Mortgage Lender Overlays | VA Loans

Best Arizona Mortgage Lenders For Bad Credit With Low FICO

ByAlex Carlucci Posted onNovember 24, 2023July 26, 2024

This blog covers the best Arizona mortgage lenders for bad credit with low FICO credit scores. It is an important…

Continue Reading Best Arizona Mortgage Lenders For Bad Credit With Low FICOContinue

Removing Judgments Off Credit Report
Judgment | Home Mortgages | Videos

Removing Judgments Off Credit Report For Mortgage

ByMargarett Jurilla Posted onNovember 15, 2023May 17, 2024

This guide covers removing judgments off credit report to qualify for and get approved for a mortgage. Borrowers can qualify…

Continue Reading Removing Judgments Off Credit Report For MortgageContinue

Getting More House For Your Money
Videos | Credit Scores | Home Purchase | Mortgage Rates | Property Taxes

Getting More House For Your Money With Low Property Taxes

ByGustan Cho Posted onNovember 11, 2023July 26, 2024

This guide covers getting more house for your money with low property taxes.  Getting more house for your money is…

Continue Reading Getting More House For Your Money With Low Property TaxesContinue

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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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  • Jumbo DTI Calculator
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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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