Reading Time: 6 minutes In this blog, we will discuss how I can improve credit for mortgage loan approval. Mortgage loan programs have minimum credit score requirements for their loan program. Some homebuyers may not meet the minimum credit score requirements on FHA, VA, USDA, or conventional loans. Besides meeting the minimum credit score requirements to qualify for a…
Reading Time: 6 minutes This Article Is About Importance Of Pre-Approval Versus Pre-Qualification When Buying Home For most Americans, a home purchase is hands down the largest, biggest, and most important investment in their life. By far, a home is a person’s highest priced ticket item they will purchase For most hard working Americans, they would need a home…
Reading Time: 5 minutes This guide covers how to avoid delays in home loan closings. Most mortgage loans can close in 30 days or less. However, some mortgage loan closings can get delayed for several reasons. There should be no reasons for delays in home loan closings, says Dustin Dumetre, a senior loan officer at Gustan Cho Associates: The…
Reading Time: 7 minutes In this blog, we will cover and discuss qualifying for FHA loan with judgment and tax liens. One of the frequently asked questions at Gustan Cho Associates is qualifying for FHA loan with judgment. We will be covering the HUD agency mortgage guidelines on qualifying for FHA loan with judgment. The team at Gustan Cho…
Reading Time: 5 minutes This BLOG On Down Payment Requirements On Home Purchase Illinois Was UPDATED On January 9th, 2019 What Are The Down Payment Requirements On Home Purchase Unless mortgage borrowers qualify for a VA or USDA mortgage loan, there are down payment requirements on a home purchase. Besides the down payment requirements, lenders want to know how the…
Reading Time: 5 minutes In this article, we will cover the Chapter 13 Mortgage Guidelines on government and conventional loans. Homebuyers and homeowners can qualify for an FHA and VA loan during Chapter 13 Bankruptcy. VA and FHA Chapter 13 mortgage guidelines are identical. Borrowers can qualify for FHA and VA loans during and after Chapter 13 Bankruptcy with…
Reading Time: 5 minutes This Article Is About Conventional Loan Requirement And Mortgage Guidelines What Are The Conventional Loan Requirements Versus FHA Loans? There are many instances where borrowers need to go with conventional versus FHA loans. Conventional loans are the only loan program that accepts income-based repayment. Many borrowers are under the belief that conventional loans are for…
Reading Time: 5 minutes This BLOG On Loan Estimate Replaces The Good Faith Estimate Was UPDATED On June 2nd, 2018 Loan Estimate Replaces The Good Faith Estimate Loan Estimate Replaces The Good Faith Estimate effective October 3, 2015. The main reason Loan Estimate Replaces The Good Faith Estimate was because the Consumer Protection Financial Bureau, referred and known as…
Reading Time: 6 minutes This Article Is About Choosing Conventional Versus FHA Loan Is Necessary Choosing Between Conventional Versus FHA Loan? What is the difference between Choosing Conventional Versus FHA Loan? FHA Loans are by far the most popular loans today. Here are the basics of FHA Loans: FHA Loans are residential mortgage loans that are originated by lenders…
Reading Time: 5 minutes This ARTICLE On First Time Home Buyers Advice Was PUBLISHED On November 18th, 2019 Buying your first home is a very exciting time. A home purchase is most people’s largest investment in their lives Many plans many months and/or years to prepare to buy their first home One of the most commonly asked First Time…