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ByPeter Arcuri
Posted on
Not all Florida VA lenders have the same lending requirements on VA loans. Not all Florida VA lenders do manual underwrites. Gustan Cho Associates are Florida VA lenders with no lender overlays on VA loans. VA loans are the best loan program in the nation. At competitive rates, lenders offer VA loans with no down…
ByPeter Arcuri
Posted on
This guide covers buying home with no private mortgage insurance with 80-10-10 mortgage loans. Any conventional mortgage loan with less than 20% down payment, or equity in the home, requires mandatory private mortgage insurance. Homebuyers who have at least a 10% down payment towards a home purchase and want to eliminate paying for private mortgage…
ByPeter Arcuri
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This guide covers lending guidelines and mortgage loan programs for non-permanent residents. Certain guidelines exist for non-permanent residents interested in qualifying for a mortgage loan in the United States. Non-permanent residents with work permits or visas can qualify for Conventional and FHA residential mortgage loans if they are legally on work permits in the United…
ByAlex Carlucci
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This guide covers the Fannie Mae guidelines on conventional loans with a waiting period after mortgage part of bankruptcy. Many of our borrowers are folks with prior bankruptcy, foreclosure, short sale, or deed-in-lieu of foreclosure. Borrowers can qualify for a home loan after bankruptcy and foreclosure. This holds true as long as they meet the…
ByPeter Arcuri
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This guide covers VA credit score mortgage guidelines on VA home loans. VA mortgages are the best home loan program in the Nation. The U.S. government created and implemented VA loans with approval by the U.S. Congress to reward our veterans. Only military veterans with a Certificate of Eligibility (COE) are eligible for VA loans. There…
ByGustan Cho
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This guide covers the benefits of making bi-weekly mortgage payments. The benefit of bi-weekly mortgage payments is that homeowners can pay off their loan balance before their 30-year fixed rate term. In the following paragraphs, we will be discussing how making bi-weekly mortgage payments can save you mortgage interest and shave four years off a…
ByGustan Cho
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This guide covers lender overlays on collection accounts and charge-off accounts. Homebuyers who have been turned down for a mortgage loan by a bank, credit union, or mortgage banker because due to having older collection accounts with balances may qualify for a mortgage but not with that particular lender. Just because one lender has turned…
ByAlex Carlucci
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This guide covers the role of a mortgage loan processor. We will discuss the important role processors undertake during the mortgage process. Mortgage processors are the backbone of a lender. Processors are the quarterbacks and the professionals who make the loan to the closing table. Ami Thakkar of Gustan Cho Associates is one of the…
ByGustan Cho
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This guide covers how installment loans help rebuild your credit to help borrowers qualify for a mortgage. Installment loans can be found in three major categories: personal, car, and home mortgages (likewise called home loans). Though the three loans have minor dissimilarities, such as safe and unsafe loans, they still have some similarities. Today’s borrowers…
ByAlex Carlucci
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This guide covers the risk of taking out that next student loan when getting a mortgage loan approved. If you plan on buying a home, think twice before taking out that next student loan. I worked in the medical field for three years while slowly chipping away at my student loans by making minimal payments….
ByPeter Arcuri
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This blog is about understanding mortgage application process to avoid delays. Despite the countless mortgage lending guidelines, applying for a mortgage application has become much easier than a few years ago. Homebuyers with prior bad credit, prior bankruptcy, foreclosure, deed-in-lieu of foreclosure, and a short sale can now qualify for home loans. Many home buyers…
ByGustan Cho
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This guide covers home improvement projects that add value to a home. Home improvement can be a good investment and add value to a home. However, over-improving a home for the area is never a good investment. The right-hand rule is that homeowners never want to own the biggest home in the block unless they…
ByApril Ramirez
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This guide covers things that determines your mortgage rates on home loans. Mortgage rates are the interest rates that you pay for your mortgage loan. Many factors determine what mortgage rates will be offered to you. John Strange, a senior loan officer at Gustan Cho Associates, explains how no two borrowers will get the same…
ByRavinder Sharma
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This guide covers the top 5 reasons to buy a home now rather than wait. Rents are increasing across the nation with no signs of a pullback. Home prices have been rising nationally. There has been double-digit yearly appreciation in many parts of the country since 2012. In many parts of California, there are housing…
ByGustan Cho
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This guide covers a home warranty and how it works for homeowners. When you are looking to buy a house, you may ask the seller to give you a home warranty. However, sometimes you need to get the home warranty on your own. You need a home warranty if you inherit a house you want…
ByGustan Cho
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This guide covers applying for and getting approved for home loans with no credit. We have covered many blogs on how to get loans with bad credit, fair credit, and good credit, and blog topics on how to re-establish credit with a bad credit payment history. Gustan Cho Associates Mortgage Group has no lender overlays…
ByGustan Cho
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This guide covers all about equipment financing. If you run a small or medium-sized business, you know how important it is to have the right equipment for your operations. Whether you need machinery, vehicles, computers, or any other physical asset, equipment can help you increase efficiency, productivity, and profitability. But equipment can also be expensive…
ByGustan Cho
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This guide covers primary home versus second home purchase. A primary home is the principal residence of the homeowner. John Strange, a senior loan officer at Gustan Cho Associates, explains the difference between mortgage rates on owner-occupant primary home mortgage rates versus second and investment home rates as follows: Primary home financing also has the…
ByRonda Butts
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This guide covers buying house in different state due to job transfer and nice weather—relocation for Employees that own a home and want to purchase a new home in a new location. Dale Elenteny, a senior mortgage loan advisor at Gustan Cho Associates, explains his thoughts about buying a house in different state due to…
ByRonda Butts
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This guide covers buying a house near the Great Lakes area. You can enjoy coming from city life to buying a house near the Great Lakes area. Transitioning to a new lifestyle of lakeside living in the Great Lakes area is anyone’s dream come true. Dale Elenteny, a senior loan officer at Gustan Cho Associates,…
ByGustan Cho
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This guide covers qualifying and getting approved for commercial loans Chicago at Gustan Cho Associates. Gustan Cho Associates is a one-stop lending shop for all types of lending. Looking for Commercial Loans Chicago? You have come to the right website. Gustan Cho Associates has a national reputation for being able to do mortgage loans other…
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