Apply Now This blog will discuss how to get a mortgage for property flipping. Property flipping is when you buy a house for a certain price and turn around and sell it for a higher price. There are various types of property flipping. Many real estate investors are buying fixer-uppers and doing a fix-and-flip. There…
This guide covers buying a home in Hawaii with bad credit and low credit scores. Even though buying a home in Hawaii on the islands is often a challenge, it’s not impossible. It is doable and realistic for those with not-so-good credit reports and some prep work. In many cases, those who had previously declared…
This guide covers what mortgage fraud is. What is mortgage fraud during the homebuying and mortgage process? There are two types of loan fraud. Fraud for housing (tricking a lender into approving a loan it would otherwise decline). Fraud for profit (stealing cash and equity from lenders or homeowners). A real estate agent might secretly…
Apply Now In this blog, we will cover remote loan officer career opportunity as an independent MLO and branch manager at Gustan Cho Associates empowered by NEXA Mortgage, LLC. Are you tired of daily “9 to 5” grinding and doing the same routine day in and day out? Are you sick of your boss and…
Get a Fast Quote: Click Here In this blog, we will cover and discuss what are non-QM versus Qualified Mortgages. Non-QM loans, also known as non-qualified Mortgages, are non-conforming loans. Non-QM loans are also referred to as non-prime mortgages. Non-qualified mortgages are portfolio loans. Marga Jurialla, the Operations Director for Gustan Cho Associates, explains what…
This guide covers what is a home appraisal and how the property appraisal process works during the home buying process. When buying a home, there are many factors to consider. From the location to the number of rooms, countless variables can impact your decision. One factor that will usually be needed when acquiring real estate…
This guide covers manufactured home mortgage guidelines. We will discuss qualifying for manufactured home mortgage loans. Manufactured homes are built at a factory and delivered to a destination. Gustan Cho Associates are mortgage lenders licensed in 48 states, including Washington, DC, Puerto Rico, and the U.S. Virgin Islands. We have a national reputation for being…
This guide covers how the Federal Reserve Board affects mortgage rates. Information received since the Federal Open Market Committee met last quarter indicates that economic activity is expanding moderately. Federal Reserve Board affects mortgage rates whenever there is good news in the economy. Mortgage interest rates normally go up. Inflation has been running below the…
Apply Now In this article, we will discuss how to write a letter of explanation to mortgage underwriters. Borrowers must get accustomed to writing letters of explanation to mortgage underwriters throughout the process. A letter of explanation to mortgage underwriters is just part of the program throughout the mortgage process. Mortgage underwriters will often ask…
This guide covers how mortgage rates are priced on home loans. When purchasing a home, most people require a home loan to finance the purchase. A loan on a home, also known as a mortgage, is a loan where a borrower pledges their house as collateral. One of the most critical aspects of home loans…
This Article Is About High Illinois Property Taxes Making Taxpayers To Leave The State Gustan Cho Associates have written multiple articles recently on how high Illinois property taxes are affecting homeowners. This holds true especially in Chicago and its collar counties Rising high Illinois property taxes are hurting property values for Illinoisans High Illinois property…
This guide covers the benefits of buying a home with a homeowner warranty. Most home builders offer their homebuyers a home warranty. Homeowner warranty is different than homeowners insurance required by lenders. A home warranty will not cover defects or repairs from wear and tear. If a home is 30 years old and the HVAC…
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