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…
In this blog, we will cover and discuss the down payment requirement on a home purchase. We know saving for a house takes time and discipline. At Non-Qm Mortgage Brokers, we help many clients tackle the mortgage buying process. One of the main obstacles preventing Americans from buying a home is the down payment requirement….
In this article, we will cover and discuss non-QM loan requirements for purchase and refinance transactions. Despite the coronavirus pandemic that broke out in February 2020, the housing market has been going strong. Again, 2022 was a historic year for the housing and mortgage markets. Home prices continue to rise despite the coronavirus economic impact…
In this blog, we will cover and discuss the self-employed mortgage guidelines on both traditional and non-QM loans. Self-employed mortgage guidelines depend on the various loan programs. If you’re self-employed and reading this blog, you have more than likely run into trouble while attempting to get a mortgage. Self-employed mortgage guidelines on non-QM loans do…
This ARTICLE Is About Builders Steering Home Buyers To Preferred Lenders Using Gustan Cho Associates over a preferred lender: Gustan Cho Associates are highly interested in earning your business with competitive interest rates and outstanding customer service. Your realtor may be reluctant to use their preferred lender. Or if you are in the process of…
This Article Is About IHDA Student Loan Mortgage DPA Homebuyer Program Gustan Cho Associates is excited to update our readers on down payment assistance programs available through the state of Illinois. This blog details some new changes for the year 2021 with the IHDA program offered throughout the state of Illinois. Down payment assistance programs…
This BLOG On Tips To Fast Mortgage Clear To Close And Closing On Time Was PUBLISHED On June 28th, 2020 A mortgage clear to close is when the lender has signed off on the mortgage loan. The lender is ready to send the closing documents out to the title company and fund the loan so…
NON-QM mortgage lending has come back in full swing. As agencies are tightening their guidelines, we are seeing more and more NON-QM loan products come out they can help thousands of Americans obtain a mortgage In this blog, we will detail what a NON-QM mortgage loan means, some of the specialty NON-QM programs, and how…