This article is about Mortgage Denial After Conditional Approval And Prior To Closing. Mortgage Denial After Conditional Approval And Prior To Closing does happen. Over 75% of our borrowers at Gustan Cho Associates are borrowers who had a Mortgage Denial After Conditional Approval And Prior To Closing. The number one and biggest reason for a…
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 the home appraisal process during the homebuying and mortgage process. Many homebuyers are not familiar with the homebuying and mortgage process. The home appraisal is what lenders count on to validate the collateral for the loan they lend borrowers. The home appraisal report has always been a major part of the mortgage…
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 types of mortgage options for homebuyers. Taking out a loan can be daunting, especially if you need to learn about mortgages. Wendy Lahn, a dually licensed real estate agent, and loan officer, shared the following: For starters, you should know that not all loans are the same, with the main…
This article will cover 1099 wage earner guidelines on home mortgages. Whether you are getting an FHA, USDA, VA, or conventional loan, all lenders will go by the same mortgage process regarding income and employment. Independent Contractors and 1099 Wage Earner Guidelines can qualify for a home. Workers must have at least two years working…
This blog will discuss the waiting period requirements after a timeshare foreclosure. One of the most frequently asked questions at Non-QM Mortgage Brokers is whether I qualify for a mortgage after a timeshare foreclosure. Dale Elenteny of Non-QM Mortgage Brokers said the following about timeshare foreclosure: Many homebuyers go to lenders to get qualified for…
This Article Is About Mortgage Qualification Requirements For Home Loan Programs There are government and conventional loans. There are also non-QM and alternative financing loan programs. Every loan program has its own lending requirements. If a borrower cannot qualify for a government and/or conventional loan because of a recent bankruptcy, Gustan Cho Associates has non-QM…
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…