GCA Forums
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Great Content Authority Forums: GCA Forums

BySapna Sharma
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Introduction to GCA Forums, Great Content Authority (GCA) Forums. An overview of Great Content Authority Forums and its parent company, Gustan Cho Associates. The significance of forums within the scope of the current digital generation. The purpose of Great Content Authority Forums and their strategic role as a focus for the target audience on important…

Mortgage and Real Estate Market Updates

Mortgage and Real Estate Market Updates For 2024

ByAlex Carlcucci
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This guide covers mortgage and real estate market updates for 2024. In 2023, the market faces some headwinds due to high-interest rates, low inventory, high inflation, and economic uncertainty. This blog post will summarize key trends and challenges you need to know and list tips on adapting to the situation. Rising interest rates are the…

Can Realtors Become MLO at the Same Time?
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Can Realtors Become MLO at the Same Time?

ByGustan Cho
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One of the frequently asked questions at Gustan Cho Associates is can realtors become MLO at the same time? Real estate and mortgage lending are two closely related industries, and professionals are not uncommon to be involved in both. Realtors help buyers and sellers with property transactions, while Mortgage Loan Originators (MLOs) facilitate the mortgage financing…

Guide To Chicago Home Purchase
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Guide To Chicago Home Purchase

ByRonda Butts
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This guide covers Chicago home purchase. Thinking about buying a home in the city of Chicago? You may want to rethink a Chicago Home Purchase after reading this article.  City has one of the highest tax rates among all major cities in the United States.  Property taxes, sales, gas, income, vehicle stickers, and extra city…

Buying a New Construction Home
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Steps To Buying a New Construction Home

ByGustan Cho
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This guide covers a real-life case scenario of buying a new construction home. The guide was written by one of our borrowers who was questioning buying a new or existing construction home. We will take one homebuyer’s experience in buying a new construction home and the homebuying and mortgage process. Buying a new construction home…

2-To-4 Unit Multi-Family Mortgage Guidelines
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2-To-4 Unit Multi-Family Mortgage Guidelines

ByGustan Cho
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Apply Now This guide covers the breaking news on the downpayment requirement on 2-to-4 Unit Multi-Family mortgage loans and the eligibility requirements to purchase a two-to-four-unit multi-family home. Fannie Mae lowers the down payment requirement on a two-to-four-unit multi-family primary home to a 5% down payment from the previous 15% to 25% down payment requirements,…

IDHA Down Payment Assistance Mortgage
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IDHA Down Payment Assistance Mortgage Program

ByDale Elenteny
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This guide covers the IDHA down payment assistance mortgage program for first-time homebuyers. In today’s rising economy, many Americans need down payment assistance to buy their dream home. Many hard-working. Americans make good incomes and can easily afford a mortgage payment on an average $200,000 Illinois home purchase. However, many do not have the down…

Buying a Home in Hawaii
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Buying a Home in Hawaii With Bad Credit

ByGustan Cho
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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…

Mortgage Fraud
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What is Mortgage Fraud

ByAnngelli Abenes
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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…

Federal Reserve Board And How It Affects Mortgage Rates Explained
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How The Federal Reserve Board Affects Mortgage Rates

ByAlex Carlcucci
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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…

What Is a Homeowner Warranty?
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Benefits of Buying a House With Homeowner Warranty

ByGustan Cho
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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…

VA Loans With Charge-Offs
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Who Is Responsible For The Mortgage After The Borrower Dies

ByDale Elenteny
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This guide covers who is responsible for the mortgage after the borrower dies. A mortgage is a long-term debt that usually takes decades to pay off. But what happens when the borrower, or the mortgagee, dies before the loan is not fully repaid? Does the mortgage loan die when the borrower dies or passes on…