This BLOG On Government Shutdown Affecting Homeowners Paying Mortgage Was PUBLISHED On January 20th, 2019 The federal government is the biggest employer in the United States. We are going on the fifth week of our government shutdown We all knew that this government shutdown is affecting and delaying home loan closing This government shutdown has been…
This ARTICLE On FHA Mortgage Insurance Premium Lowered To 0.85% Was PUBLISHED On July 3rd, 2018 Why did FHA Mortgage Insurance Premium lowered to 0.85%? That’s a great question. There are conflicting opinions Some people believe the government did it to help homeowners by decreasing their monthly mortgage payment Some believe lower monthly mortgage payments…
This BLOG On HUD Increases FHA Loan Limits For 2017 On FHA Loans Was UPDATED On December 18th, 2018 The news that HUD Increases FHA Loan Limits For 2017 is great news for home buyers, home sellers, realtors, and loan officers nationwide. Home prices have been rising nationwide and many would-be FHA borrowers could not…
This Article Is About Mortgage And Economic News And How It Affects Housing What is a recovery? What is a recession? What is a depression? Mortgage And Economic News indicates that housing prices is increasing despite the highest mortgage rates in 10 years: Let’s start with the bad before we focus on the good In order…
This BLOG On Experience With The Mortgage Process And Home Loan Closing Was Written By Alex Carlucci of Gustan Cho Associates Good morning to everyone and happy Tuesday! Today I want to talk about my experience with the mortgage process I want to walk you through the day in the life of a licensed mortgage…
This BLOG On HomePath Loan Program Has Been Discontinued By Fannie Mae Was UPDATED October 22nd, 2018 Fannie Mae has an inventory of the homes that they have foreclosed. These Fannie Mae owned foreclosures are called HomePath properties For several years, Fannie Mae offered the HomePath mortgage program for homebuyers who qualified for conventional loans The…
This blog will discuss the down payment assistance mortgage program guidelines for homebuyers. A few weeks ago, we announced Gustan Cho Associates are now participating in a down payment assistance program. We have many different types of down payment assistance programs at Gustan Cho Associates, including for first-time homebuyers, first responders, and homebuyers who have…
This BLOG On HUD Cash-Out Refinance Guidelines For FHA Loans Was PUBLISHED On January 9th, 2019 The economy is on fire after Donald J. Trump took office. Unemployment numbers are in the 3.0% mark This has been a historical low in unemployment numbers in U.S. History Most homeowners with underwater mortgages are no longer upside…
This BLOG On TBD Subject Property Mortgage Underwriting Was UPDATED On January 19th, 2019 All pre-approvals at Gustan Cho Associates are TBD Subject Property Mortgage Underwriting approvals. What TBD Subject Property Mortgage Underwriting is that a borrowers mortgage loan application is fully underwritten and signed off by mortgage underwriters TBD Subject Property Mortgage Underwriting approvals are full…