Guide To Seller Concessions on Home Purchase Transactions
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Guide To Seller Concessions on Home Purchase Transactions

This guide covers how seller concessions work for buyers and sellers. Most clients at Gustan Cho Associates do not pay closing costs out of pocket. Closing costs are normally paid for with a seller concession by the home seller. Each home mortgage program has its cap on the maximum seller concession the home seller can…

How To Buy a Foreclosed Home
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How To Buy a Foreclosed Home

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…

Buying a House in Sarasota Florida For First-Time Homebuyers
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Buying a House in Sarasota Florida For First-Time Homebuyers

This guide covers buying a house in Sarasota Florida, for first-time homebuyers. Located on the southwestern coast of Florida, Sarasota County is renowned for its stunning beaches, vibrant arts scene, and thriving economy. With a rich cultural heritage and abundant recreational opportunities, the county attracts residents and visitors alike. This article on buying a house…

Down Payment Assistance For Homebuyers
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Down Payment Assistance For Homebuyers

This article will cover down payment assistance for homebuyers. The team at Gustan Cho Associates gets many first-time homebuyers inquiring about down payment assistance for homebuyers. Many homebuyers can easily afford the monthly principal, interest, tax, and insurance (PITI) but struggle with the down payment and closing costs. Many homebuyers do not know that HUD…

A Guide To Home Renovation Mortgage Loans
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A Guide To Home Renovation Mortgage Loans

Home renovation mortgage loans have many benefits during a hot housing market. Many homeowners considering upgrading their homes have difficulty during a seller’s market where rates are over 7% with out-of-control inflation and low housing inventory.  Why not renovate your home instead of selling and buying another home? If you don’t have the cash on…

Buying Beachfront Homes in California
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Buying Beachfront Homes in California

This guide will cover buying beachfront homes in California. Catch a Wave and Settle Down: The Best Coastal Towns in California for Surfers. Surfing is more than just a sport; it’s a way of life. Where better to embrace the surfing culture than in California, home to some of the best coastal towns for surfers?…

Getting a Mortgage Buying a House in The Virgin Islands
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Getting a Mortgage Buying a House in The Virgin Islands

This guide will cover buying a single-family home in the Virgin Islands. Many American and foreign real estate investors are eyeing the U.S. Virgin Islands to invest. We will discuss factors to consider buying a house in the Virgin Islands. Buying a house is an exciting and significant decision, especially when investing in the captivating…

Is Buying a Condo in Puerto Rico a Good Investment
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Is Buying a Condo in Puerto Rico a Good Investment

This guide will cover the steps in buying a condo in Puerto Rico and the type of mortgage options available for mortgage borrowers. We will discuss tips and considerations for buying a condo in Puerto Rico. Many Americans from other countries buy Puerto Rico condos, vacation homes, and investment properties. Buying a condo in Puerto…

How Much House Can I Afford To Buy Versus What I Qualify For
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How Much House Can I Afford To Buy Versus What I Qualify For

This guide will cover how much house can I afford versus what I qualify for. Mortgage lenders will qualify borrowers based on the debts that report on credit reports. Underwriters also go by gross income and not net income. Alex Carlucci of Gustan Cho Associates explains the frequently asked question by borrowers on how much…