This BLOG On Florida Condo Hotel Financing Was Updated On October 28th, 2018 Condominium buyers who are in the market for a Condo Hotel in Florida, they may run into challenges in finding Condo Hotel Mortgage Lenders. Most Florida Condo Hotel Financing lenders who used to finance Condo Hotels in Florida have stopped lending on Condotels….
This BLOG On FNMA Bankruptcy Guidelines To Qualify For Conventional Loans Was UPDATED On December 15th, 2018 FNMA Bankruptcy Guidelines are the rules and regulations that set the qualification requirements and standards for borrowers of Conventional Loans after a Chapter 7 Bankruptcy discharged date. Fannie Mae and Freddie Mac are the two mortgage giants in the…
This BLOG On Mortgage Lending Process For First Time Home Buyers Was UPDATED And PUBLISHED On February 15th, 2020 The mortgage lending process does not have to be difficult: All of the horror stories about borrowers going through a stressful mortgage process and getting last minute mortgage denials can all be avoided How can I…
This guide covers the frequently asked question: do all lenders have the same guidelines on mortgage loans? The team at Gustan Cho Associates gets countless calls from our viewers on the topic of do all lenders have the same guidelines on mortgage loans: The answer is no. Not all lenders have the same credit score…
In this blog, we will cover the Benefits of Being a Homeowner versus Renter and the mortgage process. The American dream is still being a homeowner. A home purchase is normally one’s largest and single biggest investment. There are many benefits being a homeowner versus renter. Many renters do not realize how simple it is…
In this article, we will cover how to get mortgage with bad credit lenders with no overlays. Many borrowers have a hard time on how to get mortgage that they can qualify for. The government wants consumers to do mortgage shopping to get the best rates and terms. But many borrowers will not qualify for…
In this blog, we will cover and discuss Fannie Mae guidelines on conventional loan with collection accounts. Many homebuyers, especially first-time homebuyers are under the impression you need perfect credit, no collection accounts, no charge-offs, no late payments, high credit scores, and low debt-to-income ratios. None of the above is true. We will fact-check the…
This guide covers buying and selling a home simultaneously without stress. The team at Gustan Cho Associates are experts in helping mortgage borrowers buy and sell a home simultaneously without stress. In this article, we will provide information about selling your home. With the spring 2024 season just around the corner, the real estate market…
This guide covers getting a mortgage and buying a house in the Virgin Islands. A series of breathtakingly stunning islands only a hop, pass, and bounce from the American mainland, the American Virgin Islands has long been considered America’s Caribbean and is one of the most specific locations inside the country for American consumers to…
This guide covers buying a fixer-upper home with a renovation loan. Several types of renovation loans exist for homebuyers and real estate investors. Owner-occupant homebuyers can utilize FHA 203K renovation loans for primary homes. The 2008 real estate and credit market collapse has devastated millions of American homeowners nationwide. Many lenders are wary of lending…
In this blog, we will be covering and going over the mortgage process for buying new construction homes. Buying new construction homes is becoming increasingly popular among homebuyers. Most first-time homebuyers opt buying new construction homes versus existing homes. Many first-time homebuyers have a choice of either buying a new construction home or an already…
In this article, we will discuss and cover how I passed the NMLS exam the first time taking the test. We will explain how to study for the 125 questions NMLS exam and pass it the first time around. We will explain how NOT to go about studying for the NMLS exam and passing the…
We will be covering the steps to buying a house with little money and no closing costs. Most Americans can easily afford a new mortgage payment on a home purchase. The difficult part is coming up with the down payment and closing costs for the home purchase. No matter how much you make, saving money…
This Article Is About Low Property Tax States For Home Buyers Relocating The coronavirus outbreak has made many employers offer remote job career opportunities for their employees. Many jobs are not remote job positions. Remote workers can work in any city, county, state they want. Remote workers do not have to report to a brick-and-mortar…
In this blog, we will be covering mortgage credit scores used by lenders to qualify borrowers. We all know the importance of credit scores when it comes to the mortgage application process. Borrowers get confused and do not know why lenders require credit scores and credit reports from the three major credit reporting agencies. What…