This guide covers the best time to buy a home for first-time homebuyers. There are two parts to the best time to buy a home for first-time homebuyers. First and foremost, the homebuyer should be ready financially and credit-wise. Buyers should not be struggling with the down payment. John Strange of Gustan Cho Associates explains…
This Article Is About Open House Benefits For Home Buyers Prior To Offer Offer Many seller’s realtors offer an open house on their home listings. The open house is a great marketing tool for sellers. This is because it is an invitation for not just potential homebuyers but also for realtors. A good open house…
This article is on Freddie Mac Home Possible Mortgage Guidelines. Freddie Mac Home Possible Mortgage UPDATED on July 6th, 2023, by Paulyn Balagot, an associate contributing editor at Gustan Cho Associates. Gustan Cho Associates, empowered by NEXA Mortgage, LLC, is a mortgage broker licensed in 48 states with over 210 wholesale mortgage lenders. John Strange,…
In this blog, we will cover and discuss the verification of employment and income mortgage guidelines. Employment, income, and credit are the most important factors in determining mortgage loan approval. Between the two, income is probably more important than credit in determining mortgage approval. Borrowers can have prior bad credit and low credit scores and…
In this blog, we will cover and discuss buying for sale by owner homes. Most homebuyers purchase a home that is listed on the MLS by a real estate agent. Not many folks are Buying For Sale By Owner Homes without a realtor. However, there are cases where Buying For Sale By Owner Homes is…
This ARTICLE On Illinois First Time Homebuyer Mortgage And DPA Programs Illinois has skyrocketing rents. Many and more renters are pursuing buying a home This holds especially true to Millennials There are many instances where paying a mortgage payment can be less than renting an apartment and/or home There are many benefits with homeownership such…
In this blog, we will cover how to get a mortgage in Wyoming with the best mortgage rates with a lender with no lender overlays. Borrowers with credit scores over 700 FICO can check out discount mortgage brokers in Wyoming, such as www.preferredmortgagerates.com and jumbomortgageoptions.com. How To Get a Mortgage in Wyoming With The Best…
In this blog, we will cover and discuss first-time home buyers FAQ on qualifying for a mortgage. With skyrocketing home prices, many renters are seriously considering buying their first home. Home prices have been skyrocketing for the past ten years. HUD and the FHFA have been increasing FHA and conforming loan limits for the past…
In this guide, we will cover down payment for home purchase requirements by mortgage lenders. Homebuyers planning to purchase a home have two types of costs they need to come up with. Down Payment For Home Purchase Requirements Closing Costs Mortgage lenders will require a down payment for home purchases. This is because they want…
This Article Is About Mortgage Loan Programs With No Lender Overlays Over 75% of our borrowers are folks who either get a last-minute mortgage loan denial or are stressing over the mortgage process. Home Buyers who need to work with a licensed Mortgage Lender that specializes in mortgage loan programs with no lender overlays? I…
This Article Is About A Refinance With Judgment Mortgage Lending Guidelines A judgment is a ruling by the courts that a debtor is liable for a creditor claim to the debtor’s debt. The judge granting the judgment ruled in favor of the judgment creditor. Judgment creditors have the green light to go about trying to…
Get a Fast Quote: Click Here This blog will cover conventional mortgage after short sale and deed-in-lieu of foreclosure. Homeowners who have had a deed-in-lieu of foreclosure or a short sale can qualify for a Conventional mortgage after short sale and deed-in-lieu after four year waiting period. The 4-year waiting period start clock starts from…
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