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ByAlaina Phillips
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This guide covers Florida Property Tax Homestead Exemption: What Is It and Why Do You Need It? What is the Florida Homestead Exemption? The Florida Homestead Exemption is a state tax exemption that could save you hundreds of dollars yearly on your property taxes. The exemption applies to your primary residences, such as condominiums, mobile…
ByRonda Butts
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This guide covers buying a house in states with exceptional campgrounds. Are you tired of the hustle and bustle of city life? Do you dream of escaping to the tranquility and beauty of nature? Look no further! In this blog post, we will take you on a virtual journey through seven magnificent states that offer…
ByCharlotte Hopper
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This guide covers frequently asked questions about how climate change affects real estate prices. John Strange, a senior loan officer at Gustan Cho Associates, explains how climate change affects real estate prices: Climate Change and Water Supply: Effects on Real Estate in the USA Air Pollution: Consider when buying property Water Pollution Threatens Real Estate…
ByGustan Cho
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This guide covers curb appeal in selling your house fast. Importance Of Curb Appeal In Selling Your House: Home sales are finally picking up. The real estate market slowly recovered after the 2008 Great Recession and Real Estate Collapse. There are more buyers than an inventory of homes. Home prices are appreciating nationwide. HUD and…
ByRonda Butts
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This guide covers the best places to buy waterfront property for boating and recreational watersports. We will discuss buying a house in the perfect state for boating and watersports. Are you ready to set sail on a thrilling adventure where the sun-kissed waves become your playground and every day feels like a dream? Welcome aboard…
ByAlex Carlucci
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This guide covers how inflation affects the housing and mortgage markets. Whenever you turn on the news, you hear “inflation.” In this article, we will review the current inflation rate throughout the country and break it down by sector. We will also go one step further and discuss inflation’s effects on the mortgage market. The…
ByDale Elenteny
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This guide covers real estate investing mortgage loan programs for investors. There are various types of real estate investing. Real estate investing is such a broad topic, so we will narrow real estate investing to single-family homes on this blog. Real estate investing was extremely popular until the real estate market collapsed in 2008. Real…
ByGustan Cho
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This guide covers why do lenders request bank statements during the mortgage process. Many mortgage loan applicants wonder why do lenders request bank statements. One of the dozen items mortgage lenders require before starting the mortgage process is 60 days of bank statements. There is a reason why do lenders request bank statements during the…
ByGustan Cho
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This guide covers Jumbo Loans Chapter 13 Bankruptcy Guidelines. Chapter 13 Bankruptcy Mortgage Guidelines allow borrowers to qualify for a mortgage during and after Chapter 13 Bankruptcy and after the discharge date. Under Chapter 13 Bankruptcy Mortgage Guidelines, borrowers can qualify for VA and FHA Loans during and after Chapter 13 Bankruptcy. The following paragraphs will…
ByGustan Cho
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This guide covers debt-to-income ratio overlays versus agency mortgage guidelines. We will be discussing what debt-to-income ratio overlays by independent lenders are. Debt To Income Ratio Overlays is additional guidelines that an individual lender sets on top of the minimum lending requirements mandated by the particular mortgage loans program, such as FHA, VA, USDA, Fannie…
ByAlex Carlucci
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This guide covers refinancing non-QM to conforming loans with lower mortgage rates. Mortgage rates hit the highest in 2023 since the 2008 Housing Bubble and Credit Collapse. Mortgage rates are increasing at historic twenty-year highs despite skyrocketing home prices, out-of-control inflation, and a volatile economy. Non-QM loans remain popular and are the mortgage loan of…
ByAlex Carlucci
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This guide covers the Chicago housing market forecast for homebuyers in Chicago and surrounding suburbs. It seems like the Housing Market has fully recovered after years of sluggish sales. Statistics indicate that Chicago Housing Market values have increased the most in almost seven years. Chicagoland Housing Market has been the best since the Great Recession…
ByGustan Cho
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This guide covers low-down-payment mortgage for first-time homebuyers. Most homebuyers are looking for low-down-payment mortgage programs. In general, homebuyers can easily afford the new monthly housing payment. However, coming up with a down payment is the problem. Many renters do not even look to buying a new home because they are under the assumption you…
ByAlex Carlucci
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This guide covers why you should not get a 15-year fixed-rate mortgage. There are several good reasons Why You Should Not Get A 15-Year Fixed-Rate Mortgage. Most homebuyers are financially stable when they are in the process of buying a home. They are often confident their job and income will remain secure. John Strange, a…
ByGustan Cho
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This guide covers final mortgage underwriter approval prior to clear to close. The mortgage process is a true process that takes time. It is important that all documents are legible and complete, with no missing pages. The mortgage process requires teamwork. Borrowers must fully cooperate on documents and paperwork requested by the mortgage processor. A…
ByAlex Carlucci
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This guide covers mortgage approval without retracting credit disputes. HUD, the parent of FHA, does not allow credit disputes on derogatory credit tradelines such as late payments, charge-offs, bankruptcy, foreclosure, short sale, repossessions, and non-medical collections. Dale Elenteny, a senior loan officer at Gustan Cho Associates, explains about getting mortgage approval without retracting credit disputes…
ByGustan Cho
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All mortgage companies need to have their borrower meet the minimum agency mortgage guidelines of HUD, VA, USDA, Fannie Mae, Freddie Mac. However, lenders can have higher lending requirements called lender overlays.
ByGustan Cho
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This guide covers mortgage rates on bad credit score loans. Are mortgage rates on bad credit loans higher? Having bad credit does not affect mortgage interest rates. Credit scores do. This is especially true on Conventional Loans. Conventional loans do affect mortgage interest rates more so than government loans. In this article, we will discuss…
ByGustan Cho
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This guide covers disabled Veterans benefits on VA loans. The Department of Veterans Affairs (VA) insures and guarantees VA Loans to private lenders. There are no minimum credit score requirements on VA Loans. There are no maximum debt-to-income ratio requirements on VA Loans. VA Loans have much easier lending guidelines than any other loan program….
ByGustan Cho
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This guide covers reaffirming debts after bankruptcy. Homebuyers can qualify for a mortgage after bankruptcy. Government and conventional loans have mandatory waiting period requirements after bankruptcy. Gustan Cho Associates offers non-QM loans. There are no waiting period requirements after bankruptcy, foreclosure, deed-in-lieu of foreclosure, or short sale with non-QM loans. Alex Carlucci, a senior loan…
ByGustan Cho
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This guide covers conforming underwriting guidelines on conventional loans. Conventional Loans are called conforming loans because they need to conform to Fannie Mae and Freddie Mac Mortgage Guidelines. Conventional loans are not government-backed loans. No government entity insures and guarantees conforming loans. Dale Elenteny of Gustan Cho Associates explains why conventional loans are called conforming…
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