In this blog, we will cover working two full-time jobs to qualify for mortgage. The 2008 Real Estate And Financial Meltdown affected millions of hard-working Americans. Countless self-employed business owners were forced to shut down the businesses they had had for many years. Millions of hard-working Americans have lost the jobs and careers they have…
This BLOG On Investor Lender Overlays And How It Prevents Getting Mortgage Approval Was UPDATED On April 26th, 2019 Home buyers need to qualify for a mortgage before they can go shop for a home. Almost all realtors will require a pre-approval before showing a home buyer a home Some realtors will even go to…
This BLOG On How Do Underwriters View Commission Income For 1099 Wage Earners Was UPDATED On April 28th, 2019 Just because a person is employed and is a wage earner does not mean that the income they earn will be taken as income in qualifying for a mortgage loan. There are strict rules and regulations as…
This BLOG On Switching Employment During Mortgage Approval Process Was UPDATED On January 31st, 2019 Income and employment is probably the most important factor, along with credit, in the mortgage approval process. Mortgage lenders want to be assured borrowers have a stable income and stable employment Lenders need to be assured that income will likely continue…
This Article Is About Home Loans With Under 600 Credit Scores Gustan Cho Associates are experts in helping borrowers qualify for Home Loans With Under 600 Credit Scores. Most mortgage lenders require a 640 FICO credit score on FHA Loans. For example, to qualify for a 3.5% down payment home purchase FHA loan, the borrower…
This article will discuss how to get credit cards after bankruptcy to rebuild credit to qualify for a mortgage. How can you quickly re-establish credit following bankruptcy? One of the easiest and quickest ways to re-establishing credit after bankruptcy is getting three to five secured credit cards or a “second chance” credit card. Take out…
This article covers Qualifying For Florida Home Loans With Poor Credit. Thousands of families are moving to Florida to call it home. With a great economy, great job opportunities, low cost of living, no state income taxes, and affordable housing, Florida is one of the hotspots for new families. The governor, Ron DeSantis, and politicians…
In this article, we will cover the topic of whether can co-signing affect DTI on home purchase. There are instances non-occupant co-borrowers love to co-sign for a family member’s home purchase but are afraid it may affect their home purchase down the road. It is often difficult to say no when a family member asks…
This guide covers home purchase without spouse on mortgage note. Many home buyers automatically assume that if someone is married then both people need to be on the mortgage loan. This is not true. If borrower and spouse are home buyers, both can be on the title on the new home purchase. A home buyer…
This ARTICLE Is About The Feds Cuts Rates For The Third Time This Year As Economy Slows. Mortgage rates started to drop from the beginning of 2019. When the Federal Reserve Board cuts interest rates, mortgage rates follow the downward trend. Breaking news today on Feds Cuts Rates For The Third Time This Year As…
FHA Loans are the most popular mortgage programs today due to the many benefits it offers. There are thousands of mortgage loan applicants with great credit scores But due to the strict mortgage guidelines on conventional loans set by Fannie Mae and Freddie Mac cannot qualify for a residential mortgage Some of the hurdles conventional…
In this article, we will cover and discuss title insurance protection that is required by all mortgage lenders. We will cover what Title Insurance Protection is and why mortgage lenders require title insurance protection. Title Insurance Protection insures that the “record” title is good subject only to the exceptions expressly set out in the title…
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