In this article, we will cover the differences between non-QM down payment requirements versus traditional loans. This blog on Non-QM down payment requirements is an update of an older blog post that we published on bank statement loans which still exists but dozens more non-QM mortgages are now in the marketplace. Non-QM Mortgage Lenders now…
In this blog, we will cover and discuss hiring credit repair for mortgage repair. Many people planning on buying a home decide to take action by hiring credit repair for mortgage approval. Hiring credit repair for mortgage approval is not recommended. Credit repair companies can do more damage than good when it comes to fixing…
This Article Is About Government-Backed Loans for first-time homebuyers. Most people do not want too much government. However, when it comes to government-backed loans, everyone is all for it. Government-backed loans are ideal for first-time homebuyers because it requires little to no down payment plus has lenient mortgage guidelines. In the following paragraphs, we will…
In this blog, we will cover the closing costs breakdowns on a home purchase transaction. The down payment on a home purchase is a fixed percentage of the purchase price. Closing costs vary depending on the borrower, the property, the city, the county, and the state. Whether mortgage borrowers are refinancing a current home or…
In this article, we will cover qualifying for a mortgage with late payments after bankruptcy. Most consumers are under the belief that bankruptcies are the end of the world. This is absolutely not the case. Bankruptcies is a federal law that all American consumers can utilize to help them with a fresh financial start. In…
In this article, we will cover and discuss qualifying for VA loans with 580 credit scores. Active duty and retired eligible veterans with a VA certificate of eligibility do not realize that they can get qualified for VA loans with 580 credit scores. Actually, the U.S. Department of Veteran Affairs has no minimum credit score…
In this blog, we will cover and discuss the non-QM mortgage requirements on owner-occupant, second homes, and investment properties. We will go into why non-QM loans are becoming increasingly popular and the non-QM mortgage requirements. Non-QM loans are not hard money loans or mortgages for just bad credit mortgage borrowers. Many borrowers with great credit…
In this blog, we will cover and discuss understanding how lenders price mortgage rates for borrowers with bad credit and low credit scores. Mortgage rates are the determinant that determines your monthly mortgage payment over the term of your mortgage loan. The higher the mortgage rates are, the higher the mortgage payment will be and…
Non-QM Mortgage Lenders wrote and published this blog on how do I buy my first house in Chicago to give homebuyers the good, bad, and ugly of being a Chicago homeowner. Chicago is hands down one of the most beautiful cities in the world. As the author of this guide on how do I buy…
In this blog, we will discuss why Gustan Cho Associates is hands down the best mortgage lenders with no overlays in Indiana for 2022. Gustan Cho Associates | Empowered by | NEXA Mortgage, LLC | are now able to offer our services in the state of Indiana. During a recent transition to our new regional…
In this blog, we will cover and discuss the cash to close borrowers need to bring to closing. Homebuyers in a mortgage process will need to have their cash to close verified by mortgage underwriters. The lender will need to verify borrowers have enough verified funds for the down payment and closing costs for the…
In this blog, we will discuss and cover becoming a mortgage loan originator at Gustan Cho Associates. Having spent my entire career in the finance and accounting fields. It didn’t seem logical for me to venture into the mortgage industry. In fact, it had never crossed my mind until I purchased our most recent home…
In this blog, we will cover and discuss bad credit home loan with no overlays and low credit scores. Many hard working Americans were affected by the real estate and credit collapse of 2008. Many business owners had to close their businesses, many lost jobs due to corporate layoffs. Many had to settle with new…
In this blog, we will discuss and cover FHA guidelines on collections charge-off accounts. The United States Department of Housing and Urban Development (HUD) is the parent of the Federal Housing Administration (FHA). FHA is not a lender. The Federal Housing Administration is a government agency under HUD. The role of HUD is to insure…
This BLOG On Buying Home Without Spouse On The Home Mortgage Was PUBLISHED On June 27th, 2020 Married couples do not always have to have joint ownership of assets, especially in their home purchase. Buying home without spouse on the mortgage note and the title is permitted by lenders Prenuptial agreements are becoming more and…