Apply Now In this blog, we will cover the benefits and reasons for owning versus renting a home. One of the misconceptions renters have is you need a 20% down payment, closing costs, and good credit to qualify for a mortgage. This is not the case. VA and USDA offer no down payment on a…
In this blog, we will be covering what is a 2-1 buydown mortgage. As the federal reserve continues to raise interest rates in an effort to slow down inflation, they have had a tremendous impact on the housing market. If you think back just a couple of years ago when the housing market was flourishing,…
This article covers conforming conventional (Fannie Mae and Freddie Mac) mortgages after bankruptcy. In general, the waiting period to qualify for a conventional mortgage after bankruptcy is longer than it is for an FHA home loan. If you have a bankruptcy in your recent past, then, an FHA or other government-backed mortgage is the right…
Apply Now Gustan Cho Associates Empowered By NEXA Mortgage, LLC is the nation’s fastest-growing and largest mortgage broker. Founded in August 2017 by Michael Kortas, CEO and President of NEXA Mortgage and AXEN Mortgage (Correspondent Division), NEXA Mortgage, LLC is licensed in 48 states including Washington DC, Puerto Rico, and the U.S. Virgin Islands. Largest…
In this blog, we will cover and discuss home loans for heroes police, and first responders. Home Loans For Heroes Veterans and First Responders home purchase program is now available throughout the United States. Home loans for heroes are discounted mortgage programs for our everyday heroes who are out there such as police officers, firefighters,…
Apply Now In this blog, we will cover investment home loans for real estate investors. The housing and real estate market is booming. Many investors are turning to invest in real estate. Real estate investors are investing in single-family homes as rentals, as flips, and many investors are into fix and flips. The team at…
In this blog, we will discuss and cover qualifying for a mortgage with buying a house with high student loan debts. Buying a house with high student loan debts is often a hurdle. This holds especially true for borrowers with advanced degrees and high student loan debts. With the exception of VA loans, lenders will…
Apply Now In this blog, we will cover and discuss what is the difference between home inspection versus real estate appraisal Inspection and an appraisal are essential conditions of each actual property transaction. Both disciplines contain the assessment of a function because it pertains to a particular requirement. Every actual property transaction is going via…
Apply Now The news of Fannie Mae making rent count towards mortgage automated underwriting system approve/eligible findings is huge news. What this means is if a borrower gets a refer/eligible per automated underwriting system findings (AUS), having rental verification could mean the refer/eligible can turn to an approve/eligible per automated underwriting system findings. The automated…
Apply Now In this article, we will cover and discuss the FHA one-time construction loans and other renovation mortgage loans in Las Vegas and throughout the state of Nevada. Besides the FHA one-time close construction loans, there are three different types of renovation construction mortgage loans. The FHA 203k loan, VA renovation mortgage loans, and…
In this article, we will cover and discuss refinancing with an FHA 203k Loan. The entire mortgage industry went through a major overhaul after the 2008 Mortgage and Real Estate Meltdown when entire mortgage sectors such as sub-prime lending were totally eliminated from the mortgage industry until just recently. Apply Now Refinancing With an FHA 203k Loan…
In this blog, we will discuss and cover how mortgage regulations affect homebuyers and closings. Mortgage Regulations are created and implemented by mortgage regulators. The Consumer Financial Protection Bureau, CFPB, is the new sheriff in town for mortgage companies and is in charge of creating and enforcing mortgage regulations. The powerful CFPB has the right…
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