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Email Us: contact@gustancho.com
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…
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…
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…
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…
When purchasing a home, one of the most essential skills to have is the art of Negotiation. Learning the art of Negotiation is the process of reaching a mutual agreement between two or more parties in a contract. It can be the difference between getting the home you dream of at a reasonable price or…
Adjustable-rate mortgages (ARMs) are becoming increasingly popular among borrowers due to their lower initial interest rates. They are a type of mortgage where the interest rate fluctuates periodically based on the market index or benchmark. In general, adjustable-rate mortgages offer a lower initial fixed-rate period than a 30-year fixed-rate mortgage loan. However, after the initial…
In this guide, we will cover credit repair for mortgage approval. You do not have to hire expensive credit consulting companies to improve your credit to qualify for a mortgage loan. Companies can do more damage than good if you repair your credit to qualify and get a mortgage approved. Consumers must realize that most…
This guide will cover how to buy a house out of state. Moving to a new state can be a scary yet exciting new experience. Leaving familiar surroundings, friends, and family behind can be overwhelming. However, with the right planning and execution, it can also be an exciting and rewarding experience. In this blog post,…
In this guide, we will cover buying a new construction home. Many homebuyers prefer buying new construction homes. As the construction industry continues to flourish, more and more individuals are seeking to venture into the world of new construction. Ronda Butts, a dually licensed realtor and loan officer at Gustan Cho Associates, advises the following:…
This article will cover selling a house by owner without a real estate agent. If you’re considering selling your home, you might wonder whether hiring a real estate agent or selling it yourself is better. If you’re leaning towards the latter, you’re not alone. Many homeowners choose to sell a house by owner without an…
In this guide, we will cover buying a foreclosed home. Foreclosures can be an exciting topic for many potential home buyers. However, buying a foreclosed home can be a great way to snag a bargain deal on a property for those willing to put in the time and effort. Gustan Cho, a former real estate…
Buying a for sale by owner house is becoming increasingly popular. For Sale By Owner, commonly known as FSBO, refers to selling a property without the assistance of a real estate agent or broker. Wendy Lahn of Gustan Cho Associates explains the popularity of buying a for sale by owner house. For sale by owner…