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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…
ByGustan Cho
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This guide covers qualifying for mortgage with high student loan debts. Every loan program has different guidelines on mortgage with high student loan debts. Government, Conventional, non-QM, bank statements, jumbo mortgages, and alternative financing loans all have their mortgage with high student loan debts lending requirements. John Strange, a senior loan officer and expert in…
ByMike Gracz
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This guide covers the Colorado Springs Housing Market for homebuyers. Colorado Springs Housing Market is booming. While tens of thousands of residents are moving out of New York and California, many Americans are migrating to Colorado Springs. Colorado Springs Housing Market has grown double digits annually for the past few years. There is no slowdown…
ByDale Elenteny
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This guide covers the mortgage timeline on manual underwriting for clear to close and closing. When the COVID-19 coronavirus outbreak hit the country in February 2020, the time it takes to close a mortgage loan changed. Alex Carlucci, a senior loan officer at Gustan Cho Associates, recalls when the COVID-19 political scare hit the United…
ByAlex Carlucci
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How High Should Homebuyers Go Over List Price In A Bidding War? Homebuyers normally need to bid higher than the list price in a hot housing market.
ByGustan Cho
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This guide covers easy tips on how to sell your home fast. Despite high rates and soaring inflation, homes are still in demand, and prices are increasing. Do you want to know how to sell your home fast? Believe it or not but it is still a seller’s market. Getting a good, experienced real estate…
ByGustan Cho
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This guide covers when the right time to buy a home with high mortgage rates, skyrocketing home prices, and soaring inflation. Many wonder when the right time to buy a home is. Home prices have been rising for the past three years. Due to rising home prices, HUD and the Federal Housing Finance Agency have…
ByRonda Butts
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This guide covers the top U.S. cities for the best jobs with low living costs and affordable housing. Are you tired of living in a city where the cost of living is sky-high, and job opportunities are scarce? Well, we’ve got some good news for you! There are many cities for the best jobs with…
ByGustan Cho
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This guide covers the steps to buying your first home during a booming housing market. Buying your first home during a booming housing market can be quite challenging. Many would-be homebuyers often get discouraged from purchasing a new home when competition for homes is at historic highs. Gustan Cho Associates are experts in helping first-time…
ByRonda Butts
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In this guide, we will discuss buying a house in Savannah Georgia. This guide covers discovering the charm of Savannah Georgia. This is a guide to relocating to Georgia’s Coastal Gem. Savannah, Georgia, is a city that captures the hearts of all who visit. From its charming cobblestone streets to its iconic Spanish moss-draped trees,…
ByGustan Cho
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This guide covers the frequently asked questions at Gustan Cho Associates, What are hard money lenders? What Are Hard Money Lenders? Hard Money Lenders are lenders primarily based on the assets rather than the borrower. Michael Neill, President of AXEN Mortgage, LLC, a dba of NEXA Mortgage, LLC, explains what are hard money lenders as…
ByGustan Cho
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This blog will discuss and cover fix-and-flip mortgage loans. The fix-and-flip mortgage option is one of the most popular loan programs for real estate investors and rehabbers. Several wholesale lenders offer fix-and-flip mortgage loans offer says John Strange, a senior loan officer at Gustan Cho Associates who is an expert on flip-and-fix mortgage loans: The…
ByGustan Cho
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This guide covers mortgage pre-approval issued by underwriters. Over 80% of our borrowers at Gustan Cho Associates are folks who either got a last-minute mortgage loan denial or are stressed during their mortgage process with their current lender. Alex Carlucci, a senior loan officer at Gustan Cho Associates, explains the reasons for a last-minute mortgage…
ByAlex Carlucci
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This guide covers qualifying and getting pre-approved for a mortgage loan after foreclosure and short sale guidelines. Previous homeowners who had a prior foreclosure can now qualify for a mortgage loan after foreclosure and short sale. There is a minimum of a 3-year waiting period to qualify for FHA and USDA loans after foreclosure, deed-in-lieu…
BySarah Wu
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This guide covers home-buying mistakes by first-time homebuyers. Gustan Cho Associates Mortgage Group offers numerous loan options without LENDER OVERLAYS. The vast array of mortgage options can sometimes be overwhelming for some clients. That is where your loan officer comes into play. Our team has experienced loan officers who will provide the best long-term advice….
ByMike Gracz
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This guide covers the eligibility guidelines for VA Jumbo Home Mortgages. Most veterans know they do not need a down payment to purchase a home. But there are many things Veterans are not aware of, such as the removal of loan limits for VA mortgage loans. Up until 2020, VA loan limits required a down…
ByGustan Cho
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In this article, we will discuss and cover balloon mortgages and how they work. Balloon mortgages are short-term loans with fixed monthly payments, usually based on a 30-year fully amortizing schedule. Balloon loans are for commercial loans only and do not apply to residential mortgages. After the 2008 housing meltdown and subprime mortgage collapse, federal…
ByCharlotte Hopper
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This guide covers what to look for when buying beachfront property in Florida. We will discuss the risks and strategies for buying beachfront property in Florida. With its picturesque coastline and year-round sunshine, Florida has long been a popular destination for beach lovers and real estate investors. Buying beachfront property in Florida can be an…
ByRonda Butts
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This blog covers a guide to buying a house in Charlotte North Carolina. While well-established neighborhoods like Myers Park and Dilworth have long been famous for real estate investment, countless hidden gems throughout the city offer incredible growth and return on investment potential. Here is what Alaina Phillips, a dually licensed realtor and loan officer…
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