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Email Us: contact@gustancho.com
This guide covers credit scores used by mortgage lenders for qualifying borrowers and pricing mortgage rates. When you and your family apply for a mortgage, it is important to understand the basic qualifications. The three main pillars to qualifying for a mortgage are credit score, debt-to-income ratio, down payment, and equity position (loan-to-value). The down…
This guide covers qualifying for a mortgage after bankruptcy and foreclosure on government and conventional loans. Homebuyers can qualify for a mortgage after bankruptcy and foreclosure after the mandatory waiting period requirements. Homebuyers with prior bankruptcy, foreclosure, deed-in-lieu of foreclosure, or a short sale are eligible to buy a home again with FHA, VA, USDA,…
This guide covers how to buy a foreclosed home. We will discuss how to buy a foreclosed home for first-time homebuyers. We will cover the pros and cons of buying a home that has been foreclosed or is going through foreclosure. Foreclosed homes are often sold at a discount, making them attractive to homebuyers looking…
This guide covers how the mortgage underwriting process works. If you are planning to buy a house and need a loan, you must go through the mortgage underwriting process called underwriting. Alex Carlucci, a senior loan officer at Gustan Cho Associates, explains how the mortgage underwriting process works as follows: Mortgage underwriters will check your…
This guide at Gustan Cho Associates will cover having multiple FHA loans simultaneously. For homebuyers, owning a home can seem discouraging, particularly regarding financing. This is where an FHA loan comes in. It is a government-backed loan program designed to make homeownership more attainable by offering a low down payment requirement. John Strange of Gustan…
In this article, we will cover buying a house near an airport. When searching for a new home, location is everything, including proximity to an airport. Living close to an airport also means proximity to a vast range of commercial and social amenities, such as aircraft maintenance facilities, car rental services, airport hotels, eateries, and…
In this blog, we will cover buying a house near train tracks. We will discuss living near railroad tracks and what the concerns should be. Homebuyers might come across beautiful properties near railroad tracks. Alex Carlucci of Gustan Cho Associates explains the benefits of buying a house near train tracks during the time of seller’s…