Email Us: contact@gustancho.com
Call or Text:844-90-RATES
Email Us: contact@gustancho.com
This guide covers the mortgage closing process leading to a clear-to-close. The pre-approval stage of the mortgage process is the most important part of the overall mortgage process. A mortgage closing can get delayed for many reasons. Not providing complete docs to the mortgage underwriter is probably the biggest reason mortgage closings are delayed. The…
This Article On The Business Of Private Money Lending To Real Estate Investors When being in the private money lending business as a private money lender, you need to know that your broker is as good an underwriter as Sherlock Holmes is a detective; well not just any detective, but the best detective in the…
In this article, we will cover and discuss the next options borrowers have in getting approved for a new home loan after getting a mortgage denied after pre-approved in Wisconsin. A mortgage loan applicant’s credit score is what determines whether they can even qualify for a mortgage loan. There is no reason why for a…
This blog will discuss the Fannie Mae mortgage included in bankruptcy guidelines on conventional loans. We will discuss bankruptcy and foreclosure mortgage guidelines on government and conventional loans. Different waiting period requirements exist to qualify for a home loan after bankruptcy. The waiting period requirements depend on whether the bankruptcy was a Chapter 7 or…
This guide covers how do underwriters calculate monthly income of borrowers. The way how do underwriters calculate monthly Income Of Borrowers is with documented qualified income. There are strict mortgage regulations on how do underwriters calculate monthly income of borrowers on government and conventional loans. Days of stated income home loans have long passed but…
This blog will cover what a condotel is and how condominium mortgages work. Condominium mortgages is a non-conforming portfolio loan. Condotels are classified as non-warrantable condos. A condotel unit is a private condominium unit inside a hotel that an individual and entity owns. Condotel Units, also known as Condo-Hotel, have been very popular from the…
This guide covers how to prepare your credit scores for home purchase. Homebuyers or those who plan on buying a home in the near future, should prepare your credit scores for home purchase. Credit scoresis what determines whether or not borrowers qualify for a home loan. Every mortgage program has credit score requirementsto qualify for…
This Article Is About Condo Hotel Mortgage Loans Condotel or condo-hotel units are condominiums in a hotel or a rental condominium complex with a front desk. A percentage of the condominium units in a hotel complex are dedicated to private ownership. Condotel owners can use their condominium units as primary homes, second homes, or investment…
FHA Loans To Purchase New Home With Bad Credit is the best choice when qualifying for a home loan with bad credit. Over 40% of homebuyers use FHA loans when they purchase a home HUD, the parent of FHA, is the government agency that sets guidelines on FHA home mortgages HUD is not a lender…
This guide will cover the FHA guidelines on buying house flips for homebuyers. The following paragraph will cover the FHA guidelines on buying house flips. Property flipping was extremely popular before the 2008 Great Recession and Real Estate Market Crash and has almost stopped. However, house flipping is now back in full force. Many real…
This blog will cover and discuss my experiences with my landlord. Few things in your day-to-day life can be worse than having an awful landlord for the rental you are living in. I was recently in a rented townhouse for 2.5 years, and let me tell you, I can say with 100% certainty that I…
In this blog, we will be covering the reasons for using non-QM loans versus traditional mortgages for home purchases. Non-QM loans are a wide field. Non-QM loans are non-Qualified mortgages which means they do not follow the strict CFPB rules and regulations. However, non-QM loans still need to adhere to RESPA and residential mortgage regulations…