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Email Us: contact@gustancho.com
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 will cover the difference between wholesale versus retail lending. We will discuss the pros and cons of wholesale versus retail lending for consumers and loan officers. Do you need clarity about the difference between wholesale versus retail lending? Which one is your solution and best option for your financial needs? Dale Elenteny explains…
In this guide, we will cover understanding the homebuyer and mortgage process. Buying a home to live in is one of the most meaningful investments a person can make in their lifetime. For most people, purchasing a home involves taking out a mortgage or home loan. Marga Jurilla, the National Operations Manager at Gustan Cho…
In this blog, we will cover mortgage insurance. We will discuss the mortgage insurance premium on government loans and how private mortgage insurance works on government-backed mortgage loans. The borrower pays for mortgage insurance for the benefit of the mortgage lender, says Wendy Lahn, the Chief Legal Counsel at Gustan Cho Associates: Private mortgage insurance…
In this guide, we will cover the mission and business model of Gustan Cho Associates, also known as GCA Mortgage Group. We thank our clients and viewers for their continued loyalty to reading our daily real estate and mortgage blogs. We have a national reputation for being able to do mortgage loans other lenders cannot…
This guide will cover how to write a letter of explanation to mortgage underwriters. Letters of explanation. often referred to as LOX, will be asked during the loan process. Those who have gone through the mortgage application process have encountered where a mortgage underwriter requests a LOX on certain issues. LOX will be asked for…
This guide will cover the next steps once you get a mortgage loan denial. One frequently asked question from viewers of Gustan Cho Associates is, what are the next steps after a mortgage loan denial? Ethel Matthews of Gustan Cho Associates is a dually licensed real estate agent and loan officer in South Carolina. Here…
Alec Finn of American Heritage Lending, a preferred wholesale mortgage lender of non-QM loans at GCA Mortgage Group, a dba of Gustan Cho Associates, wrote this guide about the differences between mortgage brokers versus lenders.. Alec Finn will be covering the benefits of using mortgage brokers versus lenders when it comes to getting preferred mortgage…
In this guide, we will cover how to avoid stress during the mortgage process. The mortgage process does not need to be stressful. Open communication between the loan officer and the borrower. The first reason there is stress during the mortgage process is that the documents required were submitted with paperwork missing. Gustan Cho of…
In this guide, we will cover how credit disputes during the mortgage process can halt the mortgage process. Credit disputes during the mortgage process may not seem like a big deal. However, it is one of the most negative factors in the application and approval process. An experienced mortgage loan officer should thoroughly review the…