In this article, we will discuss and cover starting career as mortgage loan officers at Gustan Cho Associates Gustan Cho Associates, powered by Nexa Mortgage NMLS 1660690, is a national mortgage company licensed in 48 states with over 190 lending partnerships with wholesale mortgage lenders. Gustan Cho Associates, Empowered by NEXA Mortgage, is a full-service…
In this article, we will cover and discuss pricing mortgage rates by lenders on home loans. Most FAQs by borrowers on pricing mortgage rates by lenders on home loans. Mortgage shoppers often see a variety of mortgage rates when shopping for a loan and often wonder about pricing mortgage rates by lenders. Pricing Mortgage Rates…
One of the most FAQs we get daily at Gustan Cho Associates is can homebuyers get 500 to 620 FICO home mortgage loans with bad credit? A large percentage of our clients at Gustan Cho Associates are homebuyers with bad credit that need 500 to 620 FICO home mortgage loans with bad credit. Over 75%…
A career as a remote mortgage loan originator can be one of the most rewarding and highest-paying careers available today. Gustan Cho Associates dba of NEXA Mortgage, LLC is hiring experienced licensed remote loan officers nationwide. A career as a loan officer is different than any other career in the sense that this job has endless…
In this blog, we will cover and discuss reverse mortgage loans for seniors. Senior homeowners with equity in their homes are eligible for reverse mortgage loans. Reverse mortgage loans are where homeowners borrow against their house to get a combination of a cash-out refinance PLUS no longer pay future PITI on the balance of their…
In this article, we will discuss and cover First Time Homebuyer Mortgage Questions On House Purchase. Buying a home for the first time is an exciting milestone. Still, it can also be overwhelming with all the questions and decisions you’ll face. One of the most significant aspects of this process is securing a mortgage. Here,…
All lenders need to meet agency mortgage guidelines by HUD. However, most lenders will have additional mortgage requirements that are above and beyond those of HUD Guidelines called overlays. HUD does not require borrowers to pay outstanding collections and/or charged-off accounts. However, many lenders may require borrowers to satisfy collections and charged-off accounts. In this…
In this article, we will discuss and cover Qualifying For Home Loan After Bankruptcy And Housing Event. The journey to homeownership can be challenging, especially after experiencing a financial setback like bankruptcy or a significant housing event such as foreclosure or a short sale. However, it is important to know that all is not lost….
In this blog, we will cover and discuss how to calculate debt-to-income ratio on mortgage loans. There are two types of debt-to-income ratios when it comes to debt to ratio requirements. The first is front-end debt-to-income ratios and the second is back-end debt-to-income ratios. Front-End and Back-End Debt-To-Income Ratio The front-end debt-to-income ratio is also…
This guide is about how to get mortgage approved with judgment. Judgments are one of the worst things you can have on your credit report. Most creditors are reluctant in granting credit to loan applicants who have unsatisfied judgments. A judgment creditor can enforce a civil judgment by garnishing wages or attaching liens to assets. However, most…
In this blog, we will cover and discuss bank statement mortgages for self-employed borrowers. In the past, self-employed borrowers always had an issue qualifying for mortgage loans to qualify for traditional mortgage loans. Self-employed borrowers have the benefit of writing off more than the average W2 income wage earner unreimbursed business expenses. Bank Statement Mortgage…
In this article, we will cover and discuss the closing costs on house purchase and refinance transactions. Home buyers need to worry about the down payment and closing costs on house purchase when it comes to a home purchase. The down payment is normally 3.5% for FHA-insured mortgage loans. Down Payment Versus Closing Costs on…
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