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ByGustan Cho
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Advice and Tips for Home Buyers in 2024: How to Qualify for a Mortgage and Get the Home of Your Dreams Buying a home is one of the most important decisions you will make. Whether you are a first-time home buyer or looking to move, the process can seem complicated. But with the right advice…
ByAlex Carlucci
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How to Get a Mortgage Loan with Unsatisfied Judgment in 2024 Qualifying for a mortgage loan with unsatisfied judgment may seem impossible, but the good news is that it’s not. Homebuyers with judgments on their credit reports can still get approved for a home loan, even if the judgment isn’t paid off. You can take…
ByDale Elenteny
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Mortgage Guidelines Versus Overlays: What You Need to Know in 2024 When you’re ready to buy or refinance a home, it can be frustrating to find out that despite meeting all the mortgage requirements, your lender still denies you. You might wonder, “Why don’t I qualify if I meet all the guidelines?” The answer often…
ByGustan Cho
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Mortgage Guidelines for Remote Workers in 2024: How to Qualify for a Home Loan Remote work has changed how people live, work, and—most importantly—buy homes. If you’re one of the millions of remote workers looking to buy or refinance a house, understanding mortgage guidelines for remote workers is key. With more flexibility to live anywhere,…
ByGustan Cho
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Excluding Debts from DTI Calculations in 2024: How You Can Qualify for a Mortgage with High Debt-to-Income Ratios One of the biggest challenges homebuyers face when trying to qualify for a mortgage is a high debt-to-income (DTI) ratio. If you’ve ever been told your DTI is too high to qualify for a loan, you’re not…
ByGustan Cho
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FHA Guidelines on Medical Collections: Everything You Need to Know in 2024 Are medical collections standing in your dream of buying a home? Good news! FHA loans might be your best option to qualify for a mortgage—even if you have medical debt. In this blog post, we’ll walk you through the updated FHA guidelines on…
ByGustan Cho
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Maximum Debt-To-Income Ratios for AUS Approval: What You Need to Know in 2024 When applying for a mortgage, your debt-to-income (DTI) ratio is a major consideration for lenders. But what exactly is a DTI ratio, and why is it so important? If you’re wondering how to make sure your DTI ratio falls within the guidelines…
ByAlex Carlucci
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Mortgage Charge Offs Lending Guidelines: Your Guide to Homeownership in 2024 Have you experienced a mortgage charge off and need clarification on what it means for your future as a homeowner? The good news is that even if your mortgage has been charged off, there are still opportunities to purchase or refinance a home. We…
ByGustan Cho
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Issues With Condominium Financing And Mortgage Options in 2024 Financing a condominium can be a smart choice for many buyers. Condos often offer a mix of affordability and convenience. Still, getting a mortgage for one can come with unique challenges. At Gustan Cho Associates, we’re experts in helping buyers navigate the issues with condominium financing,…
ByGustan Cho
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How to Get a Mortgage During or After Chapter 11 Bankruptcy (2024 Updates) If you’re recovering from Chapter 11 Bankruptcy, you might feel unsure about your chances of buying or refinancing a home. But the good news is, you can still qualify for a mortgage, whether you’re in the middle of the repayment plan or…
ByGustan Cho
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In 2024, is it possible to secure a mortgage with collection accounts? Yes, find out how it can be done! If you’re wondering whether getting a mortgage with collection accounts on your credit report is possible, you’re not alone. Many homebuyers find themselves in this situation, unsure whether their credit issues will stop them from…
ByGustan Cho
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Mortgage Guidelines with Unpaid Taxes: Qualifying for a Home Loan in 2024 Are you worried about unpaid taxes standing in the way of your dream home? The good news is that you can still qualify for a mortgage—even if you owe money to the IRS. However, the rules for mortgage guidelines with unpaid taxes depend…
ByGustan Cho
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Home Loan with Income Increase: Everything You Need to Know in 2024 Are you thinking about buying a home or refinancing your mortgage? Wondering if a recent income increase can help you qualify for a better loan or higher loan amount? You’re not alone! Many people are curious about how a new job, a promotion,…
ByAnngelli Abenes
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Your complete guide to VA loan with poor credit in 2024. Are you a veteran wondering if you can get a VA loan with poor credit? The answer is a resounding YES! Despite having less-than-perfect credit, many veterans can still qualify for a VA loan, one of the best mortgage programs available in the U.S….
ByAnngelli Abenes
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Under the leadership of rookie first-term Democrat Mayor Lori Lightfoot, Chicago beat all other major U.S cities as being ranked the highest taxed city in the nation.
ByAnngelli Abenes
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Changing Lenders After Locking Rates: What You Need to Know in 2024 Locking in a mortgage rate is a critical step for any homebuyer. Once your rate is locked, you’re often left wondering if you’ve made the right choice. But what happens if you find a better rate or your experience with your lender isn’t…
ByAnngelli Abenes
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Your 2024 Guide to Buying and Selling a Home at the Same Time Without the Stress Buying and selling a home at the same time can feel like juggling fireballs—exciting but stressful. If you’ve ever wondered how to handle both without losing your mind, you’re not alone. Many homeowners find themselves in this tricky situation….
ByGustan Cho
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FHA Chapter 13 Bankruptcy Guidelines allow homebuyers and homeowners to qualify for FHA loans for home purchases and refinance during and after Chapter 13 Bankruptcy. FHA and VA loans are the only two loan programs allowing borrowers to qualify for a mortgage during the Chapter 13 Bankruptcy repayment plan. Dustin Dumestre, a senior loan officer…
ByAnngelli Abenes
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This guide covers all about Debt-To-Income Ratio for Conventional Loan: Your 2024 Guide to Homeownership with conventional loans: Are you wondering if you can qualify for a conventional loan to buy a home or refinance your current mortgage? Lenders take into account your debt-to-income ratio (DTI) as one of the crucial factors. This guide on…
ByAlex Carlucci
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The Role of the Loan Officer Assistant: How They Help You Get a Mortgage Buying a home or refinancing can be one of the most exciting times in your life—but it can also feel overwhelming. The mortgage process can seem complex, with many steps and paperwork. But what if we told you there’s someone dedicated…
ByGustan Cho
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Understanding Exempt Debts of Co-Signed Loans in 2024: A Guide for Homebuyers Co-signing a loan can feel like helping a friend or family member take a big step toward their dreams, whether it’s buying a car or a home. But what happens when you’re the co-signer? And it’s time to purchase your own home? One…
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