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My associate at GCA Mortgage Group, Wendy Lahn, recommended this  DIY credit repair program. I need to handle some issues with my Discover Credit Card, and I signed up for this DIY credit repair service. I will keep you posted. I will be disputing fraudulent credit card charges. I trust Wendy Lahn’s recommendations and am confident I will benefit greatly.

• This discussion was modified 1 year, 6 months ago by  Gustan Cho. Reason: Updates

Cameron, can you please write a detailed first-time homebuyer down payment assistance program for homebuyers? Here are the basic questions:

• Is the down payment assistance program forgivable or NOT forgivable.
• What is the minimum credit score requirements and debt-to-income ratio cap
• What is the mortgage rates and can you buy down the rate
• What is the credit and income requirements? Are there income caps? Is there household income cap?
• What are overlays on top of agency guidelines?
• What type of down payment assistance program is it? Conventional loans, FHA loan, or VA loan?
• Can the Lender’s DPA program be lender paid or borrower paid or is there an option?
• What is the minimum loan amount?
• Are there states like Washington state where the down payment assistance program is not allowed?
• What are the parameters to qualify for the down payment assistance program? Do you need to be a first-time homebuyer?
• Can you have non-occupant co-borrowers?
• Can you be in an active Chapter 13 Bankruptcy repayment plan to qualify for the down payment assistance program?
• Can the down payment assistance program allow outstanding collections and charge off accounts or other derogatory credit tradelines?
• What type of properties can you purchase with the down payment assistance program.
• Do you need to complete a HUD approve housing class or any other courses to be eligible for the down payment assistance program?

Besides the down payment assistance program, do you guys have homes for heroes for police officers and first-responders or any other specialized niche mortgage loan programs.

Yes, you can secure a mortgage immediately following a Chapter 13 Bankruptcy. Most lenders will require one tradeline open for 24 months or more, or three tradelines open for 12 months. We do have access to a lender that will allow non-traditional tradelines such as rent history, utilities and subscriptions.

Minimum Loan to value is 70%. The lender will require reserves of 6 months and a credit score over 640. This is a great option for a borrower to get into a home and rebuild. They can refinance into a more traditional product in a few years when they have met the BK seasoning requirement.

I love supporting small businesses. Local bakeries are such a special part of any neighborhood. Some of my favorites are –

https://www.webersbakery.com – Weber’s is a Chicago institution. Old-school, full-service bakery.

https://wolfsbakery.co/ – Wolfs has been my favorite since I was little. The Atomic cake is a South Side staple – layers of whipped cream, strawberries chocolate, and pineapple sandwiched between alternating layers of yellow and chocolate cake. The angelfood cake with chocolate buttercream frosting is my favorite!

https://www.deettasbakery.com/home – prettiest cake balls ever!

https://www.hahnsbakery.com/ – family owned and operated. Lovely people. Great scones and donuts.

https://www.floriole.com/ – the baked goods are almost to pretty to eat! Super trendy.

https://simplelakegeneva.com/bakery/ – organic farm to table cafe and bakery in Lake Geneva.

There are so many amazing places. Tell me about your favorites. 🙂

One thing about mortgage lending is every case can have its own separate case scenario. There is always a unique case scenario for each individual borrower. We  will go over the hundreds of case scenarios we encounter as loan officers.

How Long Does a Repossession Stay On Your Credit Report?

Many potential home buyers would like to know. They have a car repo and have concerns about getting approved for a mortgage.

• This discussion was modified 1 year, 11 months ago by  Eric Jeanette.

Michael Robinson Obama’s gynecologist is extremely confused

Which is better, a 2,000 SIP per month for 5 years or a 120,000 lump sum?

Can anyone pass the class and the test? I heard it is harder than the real estate agent’s test.

I am 38 years old now and I want to have 1 core when I turn 50 years old. What kind of investment should I start to get that amount?

We do not see a real credit score minimum published anywhere. However, most lenders are not accepting low credit scores for a USDA loan. What is the truth here? What is the lowest score possible for an FHA loan?

My employer sent me a legal notice through an advocate for not serving the notice period, where I served 30 days instead of 45 days. They asked me to pay 40K as compensation and 20K for legal notice. What should I do?

Please make sure all LOs have this

How to find active builders and spec builders.

one way is to

go to realtor.com, choose a large city

go to filters, click home, age no min, and less than one year. This should list the new construction homes.

get the addresses, the agent usually doesn’t want you speaking with their client, however, call the agent anyway and let them know that you can help their builder to build more homes, and sometimes they will introduce you. if not, then

do a Google search for parcel search using the city, county and state

. Usually, they have a gis map, and you can use it to locate the owner and the owner’s address, where you can further search and get a cell phone.

realtor.com is a great source to see who is building where and at what price.

• This discussion was modified 1 year, 5 months ago by  Gustan Cho. Reason: Wrong information

realtor.com

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Producing loan officers and real estate agents interested in originating commercial loans and business loans. Please email me at gcho@gustancho.com. We are a one stop mortgage shop. Visit us at http://www.lendingnetwork.org.

If you are a builder of one to four unit homes, we can get you a 25% down payment on the land and up to 100% on the construction costs at competitive rates and fast closing. No credit score required, no maximum debt to income ratio, and no income verification. Please inquire if you are interested in getting new construction financing on spec homes

Car enthusiasts garage fans, if I were a betting man, I would say the best car for the money that you can enjoy is a piece of art if it sits in your garage. Yet, Car Enthusiasts Gargage Fans get a second bonus when other cars decline in value, the Ferrari 599 GTB will skyrocket in value is the Ferrari 599GTB. MADE between 2007 and 2011. $370,000 MSRP. If you can pick. one up at $150,000, great investment.

Need to purchase a 30×50 feet steel building. I want a nice design steel building that looks like a house with gables and awnings with several windows. The main reason for the steel building is to store a 43 feet RV, trucks, motorcycle, boat, and other machinery, equipment, and things that need to be kept inside. I will be pricing out the concrete slab and the pricing of steel building and start pricing them out.

Creating your own garden can be a rewarding and enjoyable experience. Here’s a step-by-step guide to help you get started:

Step 1: Choose the Location

• Select a suitable area for your garden. Look for a spot that receives sufficient sunlight, ideally 6-8 hours per day, and has good drainage.

Step 2: Decide on the Garden Type

• Determine the type of garden you want to create: vegetable garden, flower garden, herb garden, or a mix of all three. Your choice will influence the layout and plant selection.

Step 3: Plan the Layout

• Draw a rough sketch of your garden on paper, indicating where you want to place different plants, paths, and features. Consider the mature size of plants when spacing them out.

Step 4: Prepare the Soil

• Test the soil to understand its pH level and nutrient content. Amend the soil if necessary by adding compost, organic matter, or other soil conditioners. Dig the soil to a depth of about 12 inches to loosen it up.

Step 5: Install Hardscape Elements (Optional)

• If you want to include hardscape elements like pathways, garden beds, trellises, or seating areas, now is the time to install them.

Step 6: Select Plants

• Choose plants that are suitable for your climate, soil type, and the amount of sunlight your garden receives. Consider factors like plant height, color, and blooming periods for an aesthetically pleasing arrangement.

Step 7: Planting

• Follow the planting instructions for each plant. Dig holes according to the size of the root ball, and place the plants gently in the ground. Water them well after planting.

Step 8: Mulch

• Apply a layer of mulch around your plants to retain moisture, suppress weeds, and improve soil health.

Step 9: Watering

• Set up a regular watering schedule based on the needs of your plants. Be mindful of not overwatering or underwatering.

Step 10: Maintenance

• Regularly weed your garden to prevent unwanted plants from taking over. Prune and deadhead plants as needed. Fertilize your plants as per their requirements.

Step 11: Pest and Disease Management

• Keep an eye out for pests and diseases. If you notice any issues, try to use organic or environmentally-friendly methods to address them.

Step 12: Enjoy Your Garden

• Take time to relax and appreciate the beauty of your garden. Gardening is a continuous learning experience, so don’t be afraid to experiment and make adjustments as you go.

Remember, gardening is a labor of love, and it may take time for your garden to fully flourish. Be patient, observe your plants, and adjust your care routine as needed. Happy gardening!

https://www.youtube.com/watch?v=B0DrWAUsNSc

Did you know, we can count rental income from an ADU on a DSCR Loan and allow for multiple ADU’s.

Gustan Cho Associates has merged with Lending Network, LLC for our newly launched commercial loans and business loans. Nelson Thompson is the president and CEO of Lending Network, LLC

We will be releasing more information on our commercial lending network at GCA Mortgage Group about https://www.lendingnetwork.org. Stay tuned.

• This discussion was modified 2 months, 3 weeks ago by  Gustan Cho.
• This discussion was modified 2 months, 3 weeks ago by  Gustan Cho.

The only down payment assistance program you can do in Washington state is HomeChoice.

Washington is one of nine community property state.

I am with Amnet Digital, a Data analytics and AI solutions firm that specializes in AI and Analytics.

The purpose of posting my request here in this forum is to explore possible opportunities in the areas of Product Development, AI/ML, Data Analytics, Cloud Enablement, QA/Testing, etc.

Please let me know if I could set up a short discussion for you to understand our services and capabilities in detail.

Feel free to drop me an email at amit.roy@amnetdigital.com whenever you foresee such a requirement shortly, we would be happy to support you. Please find the attachment below for your reference.

Amnet-Digital-Executive-Summary-1.pdf 379 KB PDF - Click to view

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Missed by one question the Utah PLM exam. Going to set up a appointment for next available time at Pearson Vue.

Here is another question I do not understand

Edna is purchasing a four-unit investment property and is getting an ARM; the terms of the loan will be 3/6mo ARM with 1/1/5 CAP with a start interest rate of 4.25% and a margin of 2.25%. At the first adjustment, the index is 2.50%, at the second adjustment the index is 3.25%, and at the third, the index is 4.125%. What will the interest rate be at 18 months after the initial interest rate adjustment?

Builder and Developers can get hard money loans. Land acquisition and construction loan. 25% down payment and up to 100% construction. No credit scores, no debt to income ratio, no income. No DSCR, NO RED TAPE. FAST CLOSINGS. For one to four units residential non-occupant projects.

Well, there is a first time for everything… And today, our Great Dane backed into the pool to escape our outdoor cat… Had to guide her out, think we were both equally scared… Lol

If you are tired of saying no to your clients because of a lack of programs, getting ghosted by clients because of high retail rates, or getting paid less than 275bps, then we should talk.

NEXA/AXEN Mortgage has opportunities for self-sourcing LOs and branches…

Become the low-rate leader in your market with higher comp, 220+ lenders, and live Loanofficer support…

Check out our rates here https://loanofficersupport.com/r/John1792

OR and me a message, and let’s set up a time to talk about your situation.

Bruno, MissyMu, and Gunner going to feed fish in pond. Feeding fish time. The pond did not have any fish after the big freeze in 2019 after the pond did not thaw until late May. All the fish we had died. I bought about 500 feeder Gold fish and the blue Gills reproduced from the birds dropping Blue Gill eggs. The blue Gills multipled thousands of them. Look at when we feed fish flakes. The pond looks like its hot water boiling. You can not see too many feeder goldfish but the ones you do have tripled in size. The little baby blue Gills know when it’s feeding time. Fish are smart creatures. When the pond was stocked we had a a large big mouth bass named Gilligan. Gilligan let us pet him and hand feed him. The coolest fish 🐟 who knew feeding time. Was like a dog. Liked to be hand fed. Ate hot dogs, bread, by hand. Food Gilligan didn’t like, he spit out. Gilligan died during the artic freeze when the pond did not melt until May that one year. We have lots of wildlife in this half acre pond. Bull frogs, ducks, cranes, and snapper turtles. Those snappers can be dangerous. I used to go swimming 🏊‍♀️ in the pond until I stepped on a snapper turtles 🐢. Then I stopped. Always careful dogs don’t get too close to pond due to snapper turtles. Sometimes I invite hillbillies down the street to catch snapper turtles for Thanksgiving and the love it. The hillbillies love snappers. Its a delicacy for them. I watched Bizzare Foods with that bald heavy set guy that eats everything from cockaroches to squirrels and saw him skin a snapper turtles 🐢 and eat it like a steak. Some people eat racoons, skunks, deers,wild turkeys, goats, cranes, parrots, and pigeons too. Not for me. No zoo animals. Cannot eat live animals I see. Only packaged frozen foods from the grocery stores only.

Commercial lending is such a broad field. Most commercial lenders are specialists on certain types of commercial loans. For example, some loan officers only specialize in SBA loans. Other commercial loan officers only do hard money loans. Yet, other commercial loan officers only limit to factoring or accounts receivables. One of the main benefit http://www.lendingnetwork.org differs from the competition is that lending network is a one-stop-commercial lending shop.

lendingnetwork.org

Home - Lending Network, LLC

gcho@lendingnetwork.org dianne@lendingnetwork.org

Yvonne Schitnzel offers FHA LOANS with 600 FICO. MAX DTI 46.9/56.9 HOUSING COURSE REQUIRED, 2% OVER FIRST NOTE RATE AMORTIZED OVER 10 YEARS.