Apply Now In this blog, we will cover choosing the right mortgage lender with no overlays on home loans with many mortgage loan options. Choosing the right mortgage lender is extremely important. There are thousands of mortgage lenders and which lender do you choose? Getting a referral from a close trusted friend can be on…
In this blog, we will discuss getting denied for a mortgage after conditional approval. Can borrowers get denied for a mortgage after conditional approval? There is no guarantee in the mortgage world that a deal will close until it has been closed and funded. There is no reason why borrowers cannot close on their pre-approvals….
In this guide, we will cover getting a mortgage in the Virgin Islands for a home purchase with a U.S.-based mortgage lender. In recent years, the Virgin Islands have seen an unprecedented boom in tourism. The growth of new people and businesses moving to the Virgin Islands has been explosive. More and more real…
In this article, we will cover qualifying for non-QM loans one day out of foreclosure and bankruptcy. We will discuss how you can now qualify for a home mortgage after a foreclosure, deed in lieu of foreclosure, and short sale with no waiting period requirements. However, the down payment requirements is higher than the traditional…
If you’ve ever dreamt of owning a piece of paradise in the Caribbean, Puerto Rico may be your perfect destination. Buying a house in Puerto Rico is an attractive proposition with its stunning beaches, rich cultural heritage, and thriving real estate market. It is becoming increasingly popular among Americans in the mainland United States. Many…
This article will cover buying a house in Alaska with bad credit and low FICO credit scores. Are you looking to buy property in one of the most stunning landscapes with open wilderness in the United States and don’t mind the cold weather? If so, you should check out Alaska! Here is the thing, not…
This blog will cover no waiting period after foreclosure with non-QM loans. Prior homeowners who went through a foreclosure, a deed-in-lieu of foreclosure, or a short sale can have a second chance to realize the American Dream of Home Ownership become a reality through non-QM loans. Non-QM loans are alternative financing mortgage options for…
This guide covers qualifying for FHA versus non-QM loans. In the following paragraphs, we will cover qualifying and getting approved for FHA versus NON-QM loans. The first batch of closings on FHA back-to-work extenuating circumstances loans was launched in the first week of December 2014. HUD’s FHA Back to Work extenuating circumstance due to an…
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 Article Is About Non-QM loans for Self-Employed Mortgage Borrower Guidelines. Non-QM loans for self-employed mortgage loans are now available. Self-employed borrowers had a difficult time qualifying for home loans. This is due to the write-offs they can utilize as self-employed borrowers. Lenders go by adjusted gross income after all unreimbursed expense deductions. This…
This blog will cover and discuss non-doc home loans on primary residential homes. No-Doc Home Loans was the most popular loan program before the 2008 financial crisis. Self-employed borrowers who do not meet the qualified income guidelines on traditional mortgage loan programs can now qualify for non-doc home loans at Gustan Cho Associates. No-doc home…
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