Buying a House in New Mexico
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Getting Approved For a VA Loan Buying a Home in New Mexico

This guide covers buying a home in New Mexico with bad credit. Are you an active duty military service member or a veteran looking to purchase a home in New Mexico either for yourself or your family? New Mexico has many veterans migrating to the state due to great job opportunities and its great atmosphere…

Property Flipping
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How To Get a Mortgage For Property Flipping

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…

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

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

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…

Remote Loan Officer Career Opportunity
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Remote Loan Officer Career Opportunity as an Independent MLO

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…

Non-QM Versus Qualified Mortgages
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What Are Non-QM Versus Qualified Mortgages

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…

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What Is a Home Appraisal

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…

Manufactured Homes

How To Finance Manufactured Homes

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…

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

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…

Letter of Explanation To Mortgage Underwriters
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How To Write Letter of Explanation To Mortgage Underwriters

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…

Mortgage Rates
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Understanding How Mortgage Rates Are Priced on Home Loans

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…

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

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…