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 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…
This guide will cover the mortgage options for investing in real estate in Puerto Rico. Why do many people consider investing in real estate in Puerto Rico? Many people and businesses are looking into mortgage options investing in real estate in Puerto Rico. Whether it is an owner-occupant primary home, second home, investment property, or…
This ARTICLE On Non-Traditional Credit Guidelines Was PUBLISHED On December 10th, 2019 Non-traditional Credit Guidelines on government and conventional loans: Credit scoring models have been around since the 1950s Most Americans do not understand how credit scoring works There are many Americans who do not have a credit score There are multiple reasons why you…
This guide covers whether can you get a new mortgage while selling your house. Many homebuyers who plan on upgrading or downsizing to a new home often ask if can you get a new mortgage while selling your house. YES, you can get a new mortgage while selling your house. With proper planning and teamwork,…
In this guide, we will cover buying a house near an airport. When searching for a new home, location is everything, including proximity to an airport. Living near an airport may provide easy access to travel and other amenities but poses significant drawbacks. Dale Elenteny of Non-QM Mortgage Lenders lived near an airport for many…
Many first-time home buyers with bad credit are under the following impression they need high credit scores and a 20% down payment to qualify for a mortgage. This is not true. FHA and USDA require 580 credit scores. The Veterans Administration has no minimum credit score requirement on VA loans. Fannie Mae and Freddie Mac…
This blog will cover qualifying and getting approved for a mortgage during Chapter 13 bankruptcy. Unsurprisingly, homebuyers and homeowners can qualify for a mortgage after bankruptcy. How about qualifying for a mortgage during Chapter 13 bankruptcy? Borrowers can qualify for an FHA or VA mortgage during Chapter 13 bankruptcy repayment plan without the Chapter 13…