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I paid credit off for about 2 years and brought it down to 2 stateside creditors. one credit card loan with 30% interest, and a car loan at 18%. The balances were too high to pay them off quickly and I could not handle the interest rate so I just recently obtained a loan at my bank at 8% to pay them off over 12 months. I know I am saving a ton of money but just wondering if a consolidation loan will be a negative when my credit is reviewed down the line? Increase my credit score, eliminate all high interest credit, eliminate stateside debt.

Dear Gustan Cho Associates Team,

I am a veteran interested in obtaining a VA loan and would like to clarify a few aspects of my situation. I initially filed for Chapter 13 bankruptcy in March 2022, but after my separation from the Navy in May 2024, I converted to Chapter 7 in June 2024. Since the discharge, I have been working to rebuild my financial stability. My only current income comes from my 100% VA disability compensation and the BAH I receive from my GI Bill. I am actively searching for work but have not yet found a position that fits. Additionally, I am living in an apartment rented under my cousin’s name, with all utilities also in their name, so I don’t have any formal lease or utility bills in my name.

I’ve heard that your team specializes in helping clients with non-traditional cases, and I’m hoping you might be able to guide me through this process. Specifically, I have the following questions:

1. Do you have experience working with clients who have converted from Chapter 13 to Chapter 7 bankruptcy?
2. What is the earliest I might qualify for a VA loan given my conversion from Chapter 13 to Chapter 7?
3. What additional documentation will I need to provide to show my financial recovery and improve my chances?
4. How do you approach manual underwriting in cases like mine, and what factors are most important?
5. What kind of interest rates and loan terms could I expect based on my financial history?

Additionally, regarding my current living situation and income:

1. How does my current living arrangement, where I am not listed on the lease or utility accounts, impact the manual underwriting process for a VA loan?
2. Can I provide alternative documentation to verify my living situation, such as a rent-free letter or a notarized letter from my cousin who holds the lease? Would this be acceptable for meeting the requirements of rental verification?
3. Will the fact that my only income right now is from VA disability compensation and my BAH significantly affect my chances of qualifying for a VA loan? Are there compensating factors, such as savings or financial reserves, that could help offset this?

I appreciate any guidance you can provide and look forward to discussing how we can move forward with the loan process. Thank you for your time.

Congratulations to former President Donald Trump. On November 5th, 2024, Former President Donald J. Trump and Senator JD Vance won the Republican ticket to the White House. Kamala Harris and her running mate Tim Waltz lost the Democrat ticket to the Presidency after Kamala Harris spent $1 billion dollars and is $20 million in debt. There are still staff members who are due their paychecks and are waiting.

Here are a few relevant points to consider:

Political Implications of Election Results

Impact on the Republican Party: Trump’s nomination could unify different factions within the GOP or exacerbate divisions, depending on how his campaign is received by various voter demographics.

Democratic Strategy Moving Forward: The outcome of Kamala Harris and Tim Walz may prompt the Democratic Party to reassess its strategies, messaging, and candidate selection for future elections.

Campaign Financing: The mention of significant campaign spending and debt raises questions about campaign finance regulations and money’s political influence.

Staff and Campaign Management: The situation with unpaid staff can affect morale and the overall effectiveness of a campaign. It highlights the importance of financial management in political campaigns.

Voter Sentiment: Understanding voter sentiments and the issues that matter most to them will be crucial for both parties’ preparations for the general election.

https://www.youtube.com/watch?v=9iCphDSLvVQ

I’ve come to the conclusion that marriage or the Covenant of marriage is under attack. It seems that more than ever before husbands and or wives are giving up instead of fighting for the marriage. This is a serious issue in our current culture.

Why is it that people are giving up in this modern day culture? Why are people failing to see the value of fighting for marriage?

Deception! We are fighting a fight with God’s enemy. Satan is hell bent on destroying the Covenant relationship. The Covenant of marriage is a beautiful thing and in its proper place and order in proper alignment with the Covenant we have with God the Father through Jesus Christ’s incredible gift on calvary, we can find the beauty of what God intended for us.

Love is being willing to lay down one’s life for someone else. In a marriage we are going to find that our mate isn’t always doing things we like and certainly aren’t always easy to love. It’s not the actions we need to love. If we base our decisions to love based on what they do instead of loving them because we decide it’s the right thing to do we will always be on a roller coaster ride that feels like it will never end.

The apostle Paul tells us in the first letter the the church of Corinth in chapter 13 verses 4 to 8 love is patient and kind; love does not envy or boast; its not arrogant or rude. It does not insist on its own way; it’s not irritable or resentful; it does not rejoice at wrongdoing., but it rejoices with the truth. Love bears all things; believes all things hopes all things; endures all things. Love never ends.

Imagine this being you he’s describing. Speak this with your name in each line. Now do the same for your spouse. Do you see how powerful this is? This is what we are called to do. We are called to do this for our spouse and others.

If you find yourself contemplating your future with your spouse, stop and consider what did Jesus do for you and me? He gave everything on the cross on Golgotha. He said in his dying breath Father forgive them for they know not what they do. We are called to lay down our rock like he convinced the men looking to stone the woman found in sexual sin. He wants us to lay down our Grievances toward one another and leave our incredible baggage at the cross for him to carry. Then pickup our cross realizing that it’s gonna hurt and follow him.

Oh, that’s not a popular statement is it? Everyone wants to believe when you come to Jesus it’s going to be rainbows and unicorns, but that’s never promised to us. We are promised that we will see trouble and we will have sorrow but that joy comes in the morning. We are promised that if we follow him we can have peace that passes all understanding.

So what are you waiting for? Focus on staying healthy in your relationship but if you’ve messed up and everyone does. Forgive and help your spouse find their way back to repentance and restoration with Christ Jesus. This is the message of the Gospel. I’m so glad to know and be able to walk in this and I hope this helps someone stay and stand for their marriage just like me. It’s worth it to fight. God’s already won. I know…

I read the end of the story. You can too.

About time

Home prices in Chicago South Loop are plummeting. Sellers are lowering prices and offering incentives. This correction is continuing throughout the city and Suburbs. Expect the downturn to continue in Chicago and other cities. Stay tuned

How does the Ground Up Spec Builder Construction work?

Mortgage Dove A Trusted American Mortgage Lender from refinance to buying a new house, we offer a wide range of mortgage options suitable to your needs, because building your future is not an easy task Fast closing with low rates and low fees.

https://mortgagedove.com/

mortgagedove.com

Mortgage Dove - A Trusted American Mortgage Lender

Mortgage Dove - A Trusted American Mortgage Lender from refinance to buying a new house, we offer a wide range of mortgage options suitable to your needs, because building your future is not an easy task.Fast closing with low rates … Continue reading

Here’s an article about the EXPRESS SBA NO-DOC LOANS you may want to read and find it interesting and informative

http://www.lendingnetwork.org/express-sba-no-doc-loans/

• This discussion was modified 1 year, 4 months ago by  Gustan Cho. Reason: Wrong url

lendingnetwork.org

Express SBA No-Doc Loans

This guide will cover Express SBA No-Doc Loans for small business owners. If you are a small business owner looking for a quick and simple way to get funding

It’s over folks. Comcast, the parent of MSNBC is up for sale. Viewership at MSNBC dropped 51% due to anti-Trump and anti-Republican stance. Major layoffs is also expected. On another note, CNN lost 21% of its Viewership

The mainstream media is on life support.

It is reported that Oprah Wilfrey was paid one million dollars by the Kamala Harris campaign. The Democrat Party is deteriorating and deteriorating fast

Many Democrat states are losing citizens changing parties to the Trump Team.

https://www.youtube.com/live/rdyMVnYBw1w?si=ZIiFLCLNsh7HI4DB

I have been in the same line of work for 25 years but went from W2 to 1099 in August of last year, and my husband is always W2 as he has been a teacher for 20 years. Can we use our combined income? We will have 3.5-5% down and are currently working to pay our credit card debt to below 30%.

I currently own a home and would like to move in the next 18 months. I am in Chapter 13 and am currently paying into a plan. I have never been late nor have I ever been late on my mortgage. How does this work with Chapter 13? Could I sell and buy another home? What roadblocks, if any, am I looking at?

I have two jobs/positions with one company. One is a W2, and I am labeled part-time. I average 34- 60+ hours every two weeks. Where can I obtain lending?

I would like to refinance my mortgage. My credit score is currently approximately 695-715. I have a Chapter 11 that was discharged in June 2020. I would like to refinance by adding a co-borrower with a credit score of 780-800. My current home value is approximately $420,000, and my current principal balance is $218,000. I would like to take $100,000 from equity. Can you help us?

I have been paying my Chapter 13 repayment plan for eight months now, along with my mortgage, and no late payments. March will be 1 year. My interest rate is 5.625%. My home is worth $333.100, and I owe $226.000. Is it worth trying to refinance to a FHA mortgage in March 2025 or should I stay where I am? My mortgage is owned by investors, and they are always wanting to take me to court to increase my payments. And this is after we went to court and agreed on a repayment plan.

I have been in Chapter 13 for 12 months with no late payments. I would like to obtain an FHA to buy a home. However, I am concerned that my Chapter 13 monthly payment and student loans (deferred for 4 more years) will keep me from qualifying because my DTI will be too high. I only make about 70,000 a year. My Chapter 13 payment is 471 every two weeks. My student loans are around 80,000 (1% is 800). Is it possible for me to be approved?

I am going through a divorce, and the last piece is buying my spouse out of the home. I have lived off-site since we started the process. I was about to close a loan to pay off my spouse, but the loan stalled as the lender stated I had to have lived there for at least 12 months. The home is paid for, so I would functionally take out a first mortgage. I have been unable to find anything other than I must occupy the home within 60 days of closing. Does this sound like lime? Lender rule, or am I missing something? The FHA guidelines?

CNBC Jim Cramer and Crooked Media announced the economy is going strong and job opportunities are strong and little unemployment therefore interest rates should go higher. What are they thinking?

• This discussion was modified 1 year, 3 months ago by  Sapna Sharma.

What are the latest Google algorithm changes and how will it affect website organic traffic?

Hi, I know that 740 FICO is the minimum requirement for Up to $120K credit card based on the lending network website.
Should I increase my credit first or is there a different program for me?

Thank you

Listen to this overly obese Rhino blasting President Donald Trump and lying like a rug. I think Orca is fuller with grease and lard more than Illinois JB Prtitzer. I used to like this Fatso from New Jersey.

🤯🤣

https://youtu.be/IiwwZq1CNpE?si=VCHRp4aINDrfP_C6

Do we have a source for floor plans for auto dealers?

To clarify our previous discussion. Late PAYMENTS within the last 6 or 12 months isn’t a blanket guide in which we grant without valid reasoning behind the lates. In addition to other things that may paint a proper picture away from financial management, usually via the credit report.

example.

If the applicant clearly has been making effort to keep a clean nose for the prior year(s) leading up to the lates. But fell off the wagon in recent times with one or two lates (simultaneous or sequential). A proper LOX or even owning the mistake as they do happen, has a good chance of being sympathetic to this situation due to historical evidence that’s contrary to financial mismanagement.

If said applicant has a history of multiple lates leading up to recent lates that just so happen to lapse into 12-month guidelines. Highly likely, 12 months of clean credit history is going to be required. Financial mismanagement is established with past history which connects dots far too easily.

At any rate, we will certainly do all that’s possible and within reason to have a deal succeed. Otherwise, we have no business doing 500 fico manuals

@Gustan

@marga ench Bulldogs are known for having a high likelihood of requiring a Caesarean section (C-section) for the delivery of their puppies. This is due to their unique physical characteristics, including their brachycephalic (short-nosed) skulls and small pelvises, which can make natural birthing difficult or dangerous for both the mother and puppies.

The combination of a large head in the puppies and a narrow birth canal in the mother often leads to complications during labor, such as dystocia (difficulty in giving birth), which can result in the need for an emergency C-section. In fact, a significant percentage of French Bulldog litters are delivered via C-section to ensure the safety of both the mother and her puppies.

It’s essential for French Bulldog owners and breeders to be aware of this and consult with a veterinarian experienced in brachycephalic breeds to plan for a safe and successful pregnancy and delivery. Regular veterinary check-ups, proper prenatal care, and close monitoring during labor are crucial to minimize risks and ensure the health of the mother and her puppies.

Look at this video clip of an Angel

https://youtube.com/shorts/vHs1G6jfqPM?si=3U78Ks72-vEa_6bt

This is for my son who is married to a gay man. They live in California together and been married 4 years in gay church. Antonio is a Navy Veteran and wants to buy a house with a VA LOAN. He told me that he needs a cosigner on his VA loan and wanted me to cosign for him. But the loan officer said VA loans does not allow cosigner except husband or wife. He told the loan officer that his husband will be cosigner. The Loan officer said gay people married people don’t count. Is this true?

What are the lending options for homebuyers on community property states.

Thousands of Loan Officers and Real Estate agents are leaving the Mortgage and housing industries. Every professional in the housing industry is going through a hard time including Loan Officers, Realtors, Auto Salesman, Attorneys, Appraisers, Home Inspectors, and third party professionals. Banks, credit unions, and other creditors are not extending credit to commissioned mortgage and real estate professionals due to volatile mortgage markets. The 10 year treasuries keep on skyrocketing without any signs of correction. Mortgage Rates on government loans are 7.5% for 730 credit score borrowers and conventional loans have Rates over 8% for 700 plus credit score borrowers. With surging inflation and out of control mortgage rates many homebuyers are priced out of the housing market. Thousands of Loan Officers and Realtors including owners of mortgage companies and real estate brokers are leaving the business or closing their doors. What business is the best business to get into if you were to leave the mortgage industry or real estate industry for those who have been in the industry for years or decades?

I have 642, 646 and 701 FICO scores with discharged BK from 3/06. What kind of auto loan or mortgage rate can I qualify for?

I was talking to my prospective lender today about the letter I received from Countrywide, wherein I informed her that the lates were corrected and showing current; then she asked for a copy of the payment transaction history.

Well, lo and behold, the transaction history is not updated and it shows that the payments were late and for the loan (Rapid Refi- 18 months on-time payments), this creates an issue because they do refer to the transaction history. Countrywide did update the credit bureaus, but not its own records.

Will it stop me from getting the loan? I have the letters from them stating the correction and I also have the corrected credit reports.

I have 90 date late on one of my student loans. I will have this loan paid in full in the next few months. Once the loan is paid in full, will the lates be removed from my CR? I applied for a CC and in the letter explaining why I was denied it said a 90 day late on an account with a balance greater than $200 so that is why I am asking if paying it all off makes a difference or not.