Underwriting Help Desk

There are instances when mortgage underwriters will require reserves from borrowers. What does reserves mean? Can equity in the home or 401k be used for reserves? How about if you have a paid off vehicle or precious metals? Or what if you have hard core cash. Can those be used for reserves?

What’s the LTV that an investor can use for rental income? Is it still 75%?

What is Gustan Cho Associates? Gustan Cho Associates is the parent company of GCA stand for Great Community Authority (GCA) FORUMS and dozens of subsidiaries and affiliate partners. We are a not-for-profit information and resource center of mortgage and real estate content. We do not sell viewer information nor sell leads. Our support, operations, and licensed staff originate, process, and close all inquiry leads in house or refer them to reputable member partners. Our moderators and advisors have a track record of being able to qualify, approve, and close mortgage loans other lenders cannot do. Gustan Cho Associates power GCA stand for Great Community Authority (GCA) FORUMS and its sub-forums.

• This discussion was modified 3 years ago by  Gustan Cho.
• This discussion was modified 3 years ago by  Gustan Cho.
• This discussion was modified 3 years ago by  Gustan Cho.
• This discussion was modified 2 years ago by  Sapna Sharma.
• This discussion was modified 1 year, 11 months ago by  Sapna Sharma.
• This discussion was modified 1 year, 6 months ago by  Sapna Sharma.
• This discussion was modified 1 year, 5 months ago by  Sapna Sharma.
• This discussion was modified 1 month ago by  Sapna Sharma.

Why is it that homebuyers and homeowners have a hard time financing homes that is build on ten or more acres. What is it with acreage that lenders do not like?