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There are hundreds or thousands of Mortgage Calculators online. However. The Team at Gustan Cho Associates Alex Carlucci and Monica Cho has designed, created, tested, and launched the best mortgage calculator that is user friendly with the best accuracy than any other online mortgage calculator. The Best Mortgage Calculator is user-friendly for loan officers, processors borrowers realtors, underwriters, and the general public. Not only does it calculate PITI and Housing payments but also debt to income ratios and agency guidelines on debt to income ratios. Try out the best mortgage calculator https://gustancho.com/best-mortgage-calculator
gustancho.com
Best Mortgage Calculator | PITI, PMI, MIP, and DTI
We are at Gustan Cho Associates, You easily check your mortgage eligibility with the best mortgage calculator With PITI, PMI, MIP, HOA, and DTI.
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IS 12 MONTHS CANCELED CHECKS REQUIRED TO QUALIFY FOR A MORTGAGE? Is there a faster way of getting rid of the record of debt settlement on your credit report? Is achieving a 700 PLUS FICO credit score possible one year after a bankruptcy discharge?
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Are you in a spot where you have to make some important financial decisions concerning your home? Is it better to do a big remodeling of your home before you put it on the market and increase the asking price or just leave it as is and ask for a lower price?
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In California, to refinance a property I owned before marriage, does my spouse need to sign?
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In California, to refinance a property I owned before marriage does my spouse need to sign?
Underwriting wants me to write a letter on my late payments and charge the account off. What should I write?
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FICO 5, 4, 2 is 610, 569, and 599. We have 4-year-old unpaid COs (job loss, very sick child). Pre-approved with different lenders from $173k (low end) to $225k (high end). the single borrower makes $45k, has a car payment of $370, and has low credit card limits with under 5% util. Excellent VOR and flawless payment history from the past 24 months and on. I made an offer on a house and was accepted for $190k, but I am now curious about other lenders. We’ll need manual underwriting, won’t we? Can GCA FORUMS Mortgage Group do manual underwriting? Are they a direct lender? Can they help us make this dream a reality?
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Could I finance land only? A site-built home or mobile home would come later after I’ve paid off the land. Are down payments on land higher? Are credit restrictions tougher?
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I recently got denied by an incompetent lender because I was not properly qualified. Can you please help?
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MY husband Hector has an old judgement from 2009 before we were married. it has not been revived. Will this prohibit a home purchase? I have a second loan mortgage would I be able to refinance only that part of the loan?
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I’m currently in chapter 13 bankruptcy but made 1 yr and 4 mos of on time payment. Could I qualify for an FHA loan
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I live in Texas and would like to know how much of a loan you can get approved for with a 590 score?
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I want to close business for 4-6 months due to covid. Would i get a mortgage loan. I’m self-employed wanting to qualify for a mortgage loan using 1 year of tax returns
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My application is currently in underwriting. I am concerned that because my student loans are so high that my DTI may not pass. I have found a home that is scheduled to close on 12/2. Honestly I did not see you site until after applying thru my current lender. Would you be able to take over the case and will I still be able to close on 12/2 or earlier? I am in Illinois and also seeking downpayment assistance from IDHA. The Home Inspection and Appraisal have all been completed. My student loans total 186k and I am currently in deferment, but the lender is saying that the payments are coming up to 1300 per month…but I am paying $0.00. My credit score middle is 643. Also I am currently employed but will start a new job in a week making more money. Can you help? What steps will I need to take.
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My husband has outstanding collection accounts. Over 95 percent outstanding collection accounts on his credit report are medical collections. We have spoken to several mortgage companies and they said the medical collections need to be paid off because they treat medical collections the same as non-medical collections. These medical collections is what is keeping his score low and therefore they turn us away and reccomend debt consolidation companies to us. I have read FHA loans treat medical collections differently and so far I find it untrue. What is true in this case? I am beyond frustrated by this. It is cheaper to have a mortgage than rent in my area and it’s time for us to buy but we have this barrier.
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This discussion was modified 7 months, 1 week ago by
Gustan Cho.
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This discussion was modified 7 months, 1 week ago by
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My application is currently in underwriting. I am concerned that because my student loans are so high that my DTI may not pass. I have found a home that is scheduled to close on 11/19/2024. Honestly I did not see you site until after applying thru my current lender. Would you be able to take over the case and will I still be able to close on November 19th, 2024 or earlier? I am in Illinois and also seeking downpayment assistance if possible. The Home Inspection and Appraisal have all been completed. My student loans total 186k and I am currently in deferment, but the lender is saying that the payments are coming up to 0.50% of the outstanding student loan balance per month…but I am paying $0.00. My credit score middle is 643. Also I am currently employed but will start a new job in a week making more money. Can you help? What steps will I need to take.Renting a home for two years owner decided to sale to me via notice to vacate. I have bad credit, owe taxes and zero for a down payment. What are my options in Michigan
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My landlord asked me to lie, say he is living in a four unit multi-family home I am renting from him. However, the landlord does not live on the four-unit multi family home I am living but owns the property. My landlord does have an extra mail slot in here and gets his mail here addressed from USD. Do you think that I should report him or just leave well enough alone. My landlord even told me if anyone comes to the building inquiring about him living here to tell them that he lives here. I do not feel comfortable lying and covering for him. He seems like a nice guy but he seems shady from what I think is that he is committing occupancy fraud?
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wanted to inquire about an issue I’m experiencing with my DU approval. Guy changed jobs after 4 plus years. In May and July changed again. Back at original job. had initially received DU approval, but after adding a modular home to the equation, there seems to be a problem. He does not have a lot of credit, so I assume needed to add tradelines.
The DU findings state:
- “This case is ineligible because the loan amount of $168,875 exceeds the FHA maximum loan calculation of $160,190.” *
Could you please clarify what steps I can take to address this issue or how we can adjust the loan amount or any other factors that may be affecting my eligibility? I appreciate your assistance in resolving this matter.
Thank you for your time and help.
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How Do Lenders View a 30-Day Rolling Day Late Payment on Credit Report? Do they count is as a one time late payment or a late payment every month? Can I get a mortgage with a 30-day late payment? How bad is a 30-day late payment? What is a rolling 30-day late? How do you explain late payments to a lender? How long does it take to recover from a 30 day late mortgage payment? How bad does one 30 day late payment affect credit score? How long does it take to bounce back from a 30 day late payment? How to get a 30 day late payment removed? How long does it take to repair credit after late payments? How long will one 30-day late payment affect credit score? How many points does a 30-day late take off? How long does it take your credit score to recover from a late mortgage payment?
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How do you deal with a pissed off homebuyer? Is there a way to deal with a disgruntled borrower? How To Deal With Potential Mortgage Borrower Complaints Case Scenario?
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Can we apply together for fha loan ? His credit is not too good, although we just paid off his car loan and hoping that will boost his credit any day now. I’ve been in ssi for ten years.
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Can an unpaid medical bill that just went in to collections cause you to be declined for your FHA mortgage?
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Can an unsecured signature loan acquired 30 days before applying for home loan hurt my chances?
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WHAT IF YOUR CREDIT REPORT CHANGES DURING THE MORTGAGE APPROVAL PROCESS? WHAT HAPPENS IF YOUR CREDIT SCORES GOES DOWN OR UP DURING THE MORTGAGE PROCESS? AM I STILL QUALIFIED FOR A MORTGAGE IF MY CREDIT GOES DOWN DURING THE MORTGAGE PROCESS?
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I have a client who has been in the United States for 20 years and runs a successful construction company but don’t have a green card. Can we do ITIN loans or what other loan program can this person qualify for. His son can buy it as an investment property. His son has a green card. Can his son buy it as an investment property on a hard money loan? Or how about a DSCR LOAN?
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What does a prospective employer look in your credit. How do employers analyze credit scores and your overhall credit in the hiring and promotion process. What does a high credit score and good credit determine of a prospective employee. Will bad credit and low credit score jeapordize a job candidate from getting hired? What type of job positions will be scrutinize with their prospective employer running credit and what determines the job prospect whether or not they get the job.
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What is an APR? What is the difference between regular interest rate versus APR? How do you calculate APR on my mortgage interest rate? Is there a formula to calculate APR? Can we go over case scenarios calculating APRs?
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What are the solutions for borrowers who have a high debt-to-income ratios? Credit scores are over 700 FICO, stable job and income, and on time payment history. Have extra income but cannot be used for mortgage loan qualification purposes because there is no two year seasoning.
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