In this blog, we will discuss and cover multi-unit homes guidelines on two to four-unit homes. Multi-unit homes are two to four-unit residential homes. Home Buyers can purchase any properties between one to four units as owner occupant properties with FHA, VA, USDA, and Conventional Loans. Owner-occupied multi-unit homes are where the owner lives in…
This guide covers important tips for starting small businesses for entrepreneurs and getting financing. Starting a business requires you to do a lot. You have to research, plan, get finances, and meet legal obligations. The first two years are the most risky and have the most dangers of failing when starting small businesses from scratch,…
This guide covers the best wholesale mortgage lenders for non-QM and qualified loans. What makes a wholesale investor the best wholesale mortgage lender? What makes wholesale mortgage lenders the best of the best? No two wholesale mortgage lenders are the same. If push comes to shove, many mortgage professionals would rather choose an A-tier wholesale…
This guide covers the steps to shopping and buying a house in Hawaii. Buying a house in Hawaii can be quite costly. Home prices in Hawaii are above the national average. Besides high home prices, everything in Hawaii costs more than the mainland U.S. Many homebuyers buying a house in Hawaii will discover that home…
The mortgage markets plays a crucial role in the overall economy, and its performance significantly impacts various sectors, including real estate investments. Despite soaring inflation, the Federal Reserve Board keeps increasing interest rates, which means higher mortgage rates. Rising inflation and the potential for interest rate hikes in the future have introduced an element of…
This guide covers how to avoid mortgage fraud during the mortgage process. We will discuss what constitutes mortgage fraud and ways of not crossing the line. Mortgage Fraud is any misleading information that mortgage loan applicants, loan officers, homebuyers, sellers, attorneys, appraisers, or other real estate professionals write in a mortgage loan application to secure…
This guide covers how soon can I qualify for a mortgage after bankruptcy. If you follow Gustan Cho Associates regularly, you know we are experts in mortgage lending surrounding bankruptcies. Gustan Cho Associates offers all of our mortgage products without additional LENDER OVERLAYS. This allows us to finance mortgage loans in an active Chapter 13…
This guide covers mortgage refinance guidelines. We will also cover homeowners’ top reasons and benefits for refinancing their mortgage loans. There are other reasons why homeowners need refinancing on their current mortgage loan besides just refinancing. Per mortgage refinance guidelines, homeowners may refinance to have a lower interest rate and save money. Although the main…
This guide covers what are the top reasons to refinance mortgage. Mortgage rates are at three-year highs and keep rising. However, many homeowners have reasons to refinance mortgage. Home prices are appreciating like never before, with no signs of any slowdown. Today’s economic instability has alarmed every Americans. Surging inflation, historic high interest rates, and…
This article is about Home Equity Line Of Credit In California Versus Cash-Out Refinance Home Equity Line Of Credit In California: California is the largest state in the nation California also has one of the highest home values in the United States Average home prices in the state of California is $595,700 when the national…
In this guide, Ronda Buts, a dually licensed realtor and loan officer at Gustan Cho Associates and the Editor in Chief of One Solution Real Estate, will cover the importance of home inspections when buying a home. A professional home inspection is essential if you or someone you know is planning to purchase a new…
This guide covers what determines mortgage rates on home loans. Mortgage lenders determine rates based on the borrower’s risk level. How can a lender determine a borrower’s risk level? Mortgage companies have several factors they use to determine risk levels for borrowers. The biggest factor used to determine risk is the borrower’s credit score. Pricing hits on risk level are called loan-level pricing adjustments. Loan-Level Pricing…
This guide covers investing in rental properties for real estate investors. The coronavirus outbreak and scare have plummeted the U.S. economy. This holds especially true with real estate. The U.S. economy before the coronavirus pandemic was stronger than ever. Home values were increasing year after year. Many lenders created and implemented alternative mortgage programs. Specialty…
This guide covers buying house after bankruptcy and qualifying for a mortgage loan. Buying house after bankruptcy is possible after meeting a waiting period requirement after bankruptcy. Waiting period requirements depends on the individual mortgage loan program. The waiting period requirements are between two to four years on government and conventional loans. Non-QM loans do…
This guide covers multiple competing home offers by homebuyers in a seller’s housing market. Multiple competing home offers are becoming increasingly popular due to rising home prices. There is more demand for homes than the inventory of housing throughout the country. Rising home prices seem to force many first-time homebuyers out of the market. In…