High Debt To Income Ratio Due To Credit Card Balance

High Debt To Income Ratio Due To Credit Card Balance

This Article On High Debt To Income Ratio Due To Credit Card Balance Home Buyers planning on applying for a home purchase loan or a refinance mortgage loan, make sure to have credit card balances paid prior to the start of the mortgage process . High Debt To Income Ratio Due To Credit Card Balance is often…

How To Build and Improve Your Credit Fast To Buy a House

How To Build and Improve Your Credit Fast To Buy a House

 We will cover the tricks to build and improve your credit fast to buy a house and common mistakes that will drop your score. What the banks won’t tell you that will get you a denial for a mortgage because they don’t know. Alex Carlucci explains what Gustan Cho Associates offers that the competition does…

Chapter 13 Bankruptcy Guidelines on FHA Mortgages

Chapter 13 Bankruptcy Guidelines on FHA Mortgages

Chapter 13 Bankruptcy Guidelines on FHA Mortgages is almost identical, but VA loans are more lenient. Mortgage underwriters have a lot of discretion on manual underwriting files. Chapter 13 Bankruptcy Guidelines on FHA mortgages are very similar. FHA and VA loans are the only two mortgage loan programs that allow borrowers to qualify during the…

Mortgage Options After Bankruptcy

Mortgage Options After Bankruptcy

In this article, we will discuss and cover a FAQ on my mortgage options after bankruptcy. We will also cover the automated underwriting system (AUS) and manual underwriting guidelines on FHA and VA loan approvals. Mortgage loan applicants can get loan approvals with credit scores down to 500 FICO on FHA and VA loans with…

Buying 2 To 4 Unit Property And Mortgage Guidelines

Buying 2 To 4 Unit Property And Mortgage Guidelines

This  BLOG On Buying 2 To 4 Unit Property And Mortgage Guidelines Was UPDATED And PUBLISHED On July 3rd, 2020 Any property up to 4 units is considered a residential property. Residential mortgage lending guidelines apply to buy 2 to 4 unit property. Homebuyers thinking buying 2 to 4 unit property can purchase the property…

Pre-Qualification Versus Pre-Approval Issued By Mortgage Lenders

Pre-Qualification Versus Pre-Approval Issued By Mortgage Lenders

This Article Is About Pre-Qualification Versus Pre-Approval Issued By Mortgage Lenders What Is The Difference Between Pre Qualification Versus Pre Approval: Pre Qualification Versus Pre Approval? These two terms may seem similar They are very different All home buyers should realize the difference between the two terms and how lenders they consult with issue pre-approval…

FHA Loan With Unsatisfied Judgment And Tax Lien

FHA Loan With Unsatisfied Judgment And Tax Lien

In this blog, we will cover the guidelines for qualifying for an FHA loan with unsatisfied judgment and tax lien. FHA Loans are the most popular loan program in the United States. HUD, the parent of FHA, promotes homeownership for home buyers with prior bad credit. Homebuyers can qualify for FHA Loans with outstanding collections,…