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 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…
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 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…
This guide covers disputing a low appraisal to get a higher home value. A low home appraisal can cause all sorts of problems. If you’re buying a home, a low appraisal can cause you to lose the home if the seller isn’t willing to renegotiate a lower price with you. A low home appraisal can…
This GUIDE covers the reasons why homeowners refinance their mortgage loans. In today’s falling interest rate environment, we have seen a flood in refinance transactions. Despite the coronavirus economic recession in the nation, the housing market is booming. With historically high mortgage rates, many homeowners can take advantage of the various refinance loan programs available….
This Article Is About Non-Traditional Credit Tradelines To Qualify For Mortgage Borrowers without any credit tradelines reporting on credit reports can still qualify for a mortgage. Traditional credit tradelines are not an agency mortgage requirement. However, many lenders require a certain number of credit tradelines from borrowers as part of their lender overlays. There are…
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