Call or Text: (800) 900-8569
Email Us: alex@gustancho.com
ByGustan Cho
Posted on
This guide covers the FHFA FNMA Guidelines updates on Conventional loans. There are FNMA guidelines changes for mortgage loan borrowers on Conventional loans. Fannie Mae and Freddie Mac are the two mortgage giants in the United States that set mortgage requirements for Conventional loans. To qualify, conventional mortgage borrowers must meet the minimum Fannie Mae…
ByRonda Butts
Posted on
This guide covers the mortgage process experience after Chapter 13 Bankruptcy. The experience does not have to be stressful. I had the pleasure and honor of meeting Mary B. as a borrower. Now we have become lifelong friends. Mary B., like many, fell victim to the 2008 Real Estate And Credit Meltdown. Due to the…
ByGustan Cho
Posted on
This guide covers the waiting period mortgage guidelines after housing events and bankruptcy. Homebuyers with prior bankruptcy, foreclosure, deed-in-lieu of foreclosure, or short sale have a mandatory waiting period to qualify for a mortgage. FHA, VA, and USDA loan programs have a waiting period of 2 years after Chapter 7 bankruptcy. Waiting period mortgage guidelines…
ByRonda Butts
Posted on
This guide covers the benefits of open houses for homebuyers and sellers. There are many reasons why a homeowner decides to sell their home. Home Sellers normally hire a listing real estate agent when they market and sell their homes. The listing agent is responsible for marketing the home for top dollar to the seller…
ByAlex Carlucci
Posted on
This guide covers qualifying for jumbo loans with lower credit scores and debt-to-income ratios up to 50% with traditional and non-QM loans. Qualifying for jumbo loans with lower credit scores and a 50% debt-to-income ratio at competitive rates is possible at Gustan Cho Associates. Gustan Cho Associates are commercial and residential mortgage lenders. Gustan Cho…
ByRonda Butts
Posted on
What New Residents Say About Tennessee After Moving There Gustan Cho Associates Mortgage Group is a national lender licensed in multiple states. Many of our clients leave high-taxed states for the Great State of Tennessee. This is what one of our borrowers who recently closed on their home said about making Tennessee their new home….
ByRonda Butts
Posted on
In this article, I provide a step-by-step guide for first-time buyers and answer common questions concerning a home purchase in the Chicago area.
ByGustan Cho
Posted on
This guide covers why rent when you can own a home. We will discuss the advantages of owning versus renting a home. We have discussed the advantages of owning versus renting in previous blogs. Every renter should seriously consider buying a home, and when they realize how easy it is, they will question why rent…
ByGustan Cho
Posted on
In this guide, we will cover what is lender-paid mortgage insurance on conventional loans. Lender-paid mortgage insurance is also referred to as LPMI. Lender-paid mortgage insurance applies to Conventional loans only. Private Mortgage Insurance is required for all Conventional loans with less than a 20% down payment. This blog will cover the answer to what is…
ByCharlotte Hopper
Posted on
This article will discuss buying a home in Florida and knowing the area. According to the Independent Journal and the Florida Realtor Association, Florida is one of the top three states people are moving to. Florida Home Purchase is again set to be a Real Estate Hot-Spot for 2023. The local Florida Realtors gathered again…
ByApril Ramirez
Posted on
This guide covers buying spec home by builders versus building new home. Buying Spec Home by home builders can offer many benefits for home buyers. Spec homes are new-construction homes that have already been built and are furnished. John Strange of Gustan Cho Associates defines a spec home, also called a builder’s model home, as…
ByRonda Butts
Posted on
This guide will cover reasons homebuyers move to Alabama from other states. The population of Birmingham is expected to grow by 1.5 percent annually over the next five years, while the number of households is projected to increase by 2.0 percent annually. This population growth will help drive demand not for renters becoming first-time homebuyers…
ByRonda Butts
Posted on
This guide will cover the best neighborhoods with water features in Phoenix to buy a house. We will discuss the top subdivisions in the Phoenix area with stunning water features. Are you on the hunt for a new home in Phoenix, Arizona? Do you have a love for tranquil water features and serene surroundings? Then…
ByCharlotte Hopper
Posted on
In this guide, we will cover being prepared for hurricanes in Florida. Homeowners and renters in Florida’s biggest fear is the devastation hurricanes can cause. We are ensuring Safety and Security. Hurricane season has just started! Living in Florida means being mindful of the potential impact of hurricanes, which are a recurring natural phenomenon. The…
BySarah Wu
Posted on
In this guide, we will cover oceanfront homes in Puerto Rico. Imagine waking up to the gentle sound of waves crashing against the shore, feeling the ocean breeze on your skin, and witnessing panoramic views of the sparkling blue waters daily. This is the allure of oceanfront homes in Puerto Rico, where owning a dream…
ByRonda Butts
Posted on
This guide will cover closing more real estate deals in shifting markets. We will discuss how to be still a top-producing realtor and loan officer in a market where rates are skyrocketing, and inflation numbers are out of control. Dino Hasapis is a top-producing real estate agent at Compass Real Estate in Chicago. Dino advises…
ByRonda Butts
Posted on
Artificial Intelligence in real estate sales is a game changer in the housing industry. More and more realtors are using artificial intelligence in real estate. AI-Enabled Technology Is driving not just real estate sales, but all sectors in the real estate industry. The local real estate industry constantly evolves, and technology has significantly changed how…
ByRonda Butts
Posted on
This guide will cover the frequently asked question on real estate closing. Does the real estate closing costs process different vary from state to state? We will first start discussing real estate closing and how the real estate closing process work on home purchase and refinance transactions. We will then dive into real estate closing…
ByRonda Butts
Posted on
This guide will cover the preferred real estate referral agent network at Gustan Cho Associates. Are you investigating buying or selling a property but feeling overwhelmed by the process? Or you may require financial assistance but need to know where to turn for reliable lending options. Working with a preferred real estate referral agent can…
ByRonda Butts
Posted on
This guide will cover commercial mortgage loans. We will discuss the various options for investors on commercial mortgage loans and specialty business financing programs. It is highly recommended commercial real estate investors research the financing options of various lenders on commercial mortgage loans. We will cover the best resource information websites for financing commercial real…
ByAlex Carlucci
Posted on
In this article, we will discuss and cover the borrower review of Gustan Cho Associates. Just this past June 2, 2023, I received a frantic call from a home buyer who was extremely disturbed. This was because she learned from multiple mortgage lenders in her community that she could not qualify for a conventional loan…
CALL NOW