ByGustan Cho, NMLS 873293
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This article delves into how underwriters analyze bank statements of borrowers. When individuals seek a mortgage loan, underwriters deem 60…
ByGustan Cho, NMLS 873293
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In this blog, we will discuss payment shock from paying rent as a renter to paying a mortgage as a…
ByDale Elenteny, NMLS: 904444
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Mortgage lenders must adhere to the Ability to Repay (ATR) rule when underwriting. That means they must make sure that borrowers can afford the loan before they approve it.
ByAlex Carlucci, NMLS: 229891
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This blog post will explore the Fannie Mae-Freddie Mac charge-off guidelines applicable to conventional loans. Gustan Cho Associates has recently…
ByGustan Cho, NMLS 873293
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This blog will cover and discuss the FHA case number on new FHA mortgage applications. We will also discuss transfers…
ByGustan Cho, NMLS 873293
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In this article, we will cover and discuss the comparison between jumbo loan vs conventional loan programs and the…
ByAlex Carlucci, NMLS: 229891
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This guide covers non-QM down payment guidelines on home purchase. Non-QM down payment guidelines on home purchase for homebuyers on…
ByAlex Carlucci, NMLS: 229891
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In this article, we will cover and discuss when you can get a mortgage approval after bankruptcy dismissal. There are…
ByDale Elenteny, NMLS: 904444
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This guide covers investor cash-flow mortgage for investment properties. Gustan Cho Associates now offers investor cash-flow loan programs on investment…
ByGustan Cho, NMLS 873293
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This guide covers lender overlays on credit tradelines by mortgage underwriters. Do all mortgage companies have lender overlays on credit…
ByGustan Cho, NMLS 873293
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This GUIDE covers debt-to-income ratio limit to qualify for a mortgage loan. Home loans and debt-to-income ratio limit. Every mortgage…
ByAlex Carlucci, NMLS: 229891
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Homeowners With FHA Loans Should Consider A Conventional Refinance Loan While Mortgage Rates Are At Historic Lows And Avoid Paying FHA MIP. Mortgage rates are at historic lows and many home values have skyrocketed in the past several years. Many homeowners with FHA loans can benefit by refinancing to a conventional mortgage and avoid paying LPMI.
ByGustan Cho, NMLS 873293
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In this blog, we will discuss and cover qualifying for home loan with job offer letter. One of the frequently…
ByAlex Carlucci, NMLS: 229891
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This guide covers things to avoid when repairing your credit for a mortgage approval. There are things to avoid when…
ByAlex Carlucci, NMLS: 229891
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This article covers getting a VA loan denial due to overlays and qualifying with a different lender. In this article,…
ByMike Gracz, NMLS: 1160212
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Can I Use Overtime Income As Qualified Income To Qualify For A Mortgage? You can use overtime and part-time income as qualified income as long as those other income has been seasoned for at least two years.
ByGustan Cho, NMLS 873293
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This guide covers protecting home with insurance for home appliances. Insurance for home appliances might be a good idea for…
ByGustan Cho, NMLS 873293
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This article covers Conforming versus government-backed loans. FHA, VA, and USDA loans are called government-backed loans. This is because lenders…
ByGustan Cho, NMLS 873293
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This guide covers how to fix bad credit to qualify for a mortgage. How to fix bad credit to qualify…
ByAlex Carlucci, NMLS: 229891
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This guide covers the frequently asked question can I get denied for FHA loan with good credit on home purchase….
ByGustan Cho, NMLS 873293
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This article Is about qualifying for VA loans Illinois bad credit with no overlays and high debt-to-income ratio. VA loans…
ByGustan Cho, NMLS 873293
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This guide covers how to get the best mortgage rates on a home loan. How to get the best mortgage…
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