Factors Affect Pre-Approval And Stress During Mortgage Process
This article explores the Factors Affect Pre-Approval And Stress During Mortgage Process. Once individuals decide to purchase a home, the…
Purchase and Refinance Jumbo Loan Mortgage Options
This guide covers home purchase and refinance Jumbo loan mortgage loan options. There are traditional and non-qm jumbo loans for…
Property Homeowners Insurance is Required By Lenders
Brent Norkus, an insurance agent for Goosehead Insurance covers property homeowners insurance in this extensive guide. Property homeowners insurance is…
Mortgage Loan Options With Bad Credit After Bankruptcy
This guide covers mortgage loan options with bad credit after bankruptcy on home purchase and refinance loans. One of the…
Can I Get an FHA Loan With Under 600 Credit Score
In this blog post, we’ll explore obtaining an FHA loan with a credit score under 600. Gustan Cho Associates specializes…
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.
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…
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.
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…
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…
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…
First-Time Buyer 3 Percent Down Payment Conventional Loan
What Are The 3% Down Payment Conventional Loan Requirements And Guidelines? Fannie Mae and Freddie Mac allow a 3% down payment on conventional loans for first-time homebuyers. A first-time homebuyer is a buyer who had no ownership of a home in the past three years.
Bank Statement Deposit Only Mortgage For Self-Employed Borrowers
This blog will discuss and cover bank statement deposit only mortgage for self-employed borrowers with no income tax returns required….
