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Wyoming is one of the most beautiful places on earth to live. Property values are not cheap. There is a lot of land and many homebuyers can get great deals buying a house in Wyoming. Many hard working people retire to Wyoming. Gustan Cho Associates is licensed in Wyoming.

I want to give a five-star thumbs up to Wisconsin Bankruptcy Attorney James Miller of Miller and Miller Law. Jamie Miller is hands down the best bankruptcy attorney in the nation. Unfortunately, Bankruptcy Attorney James Miller is only licensed in Wisconsin, with offices throughout the entire state in all major counties of Wisconsin. Attorney James Miller of Miller and Miller Bankruptcy Attorneys is hands-on and has the utmost most talented bankruptcy professionals in his staff. Proud to say I am a previous client of James Miller and Miller and Miller Law Firm. If you reach out to Jamie Miller, tell them Gustan Cho of Gustan Cho Associates sent you. Bankruptcy filings will start soaring so keep Attorney Miller’s contact information handy.

There is many conflicting answers as to when you can apply for a mortgage after Chapter 11 Bankruptcy mortgage. Per HUD guidelines, there is a two year waiting period after a Chapter 11 Bankruptcy discharge date to be eligible for an FHA loan.. Chapter 11 Bankruptcy repayment plan should be the same type of guidelines per HUD as Chapter 13 Bankruptcy. More on this in the coming days. Will be contacting HUD to get confirmation.

Every state has a state housing authority where homebuyers can get down payment assistance for their down payment and closing costs. The lending requirements for each state, county and city is different. We will be covering every state’s down payment assistance program available through their down payment assistance program for first time homebuyers on the individual state thread of this forum.

Great NEWS. Like to thank our National Operations Director at Gustan Cho Associates Angelica Torres for coordinating the team at Gustan Cho Associates | NEXA Mortgage to officially be an approved lender for Utah Down Payment Assistance homebuyers program. More details on the two down payment assistance homebuyer’s program coming soon.

• This discussion was modified 10 months, 2 weeks ago by  Gustan Cho.

https://www.youtube.com/watch?v=NqQebl57Q1Q

Like to congratulate Dino Hasapis for earning the best Chicago Real Estate Agent Award for Chicago Area. Dino Hasapis always goes above and beyond for all his clients. Dino Hasapis not only treats his clients like family but he follows up after each closing and makes sure his clients have no questions and is Johnny on the spot if his clients needs a referral on the area his clients moved to. Dino is trusted, loved, and respected by his clients, family and friends. All of Dino Hasapis clients become his lifelong friend and family. Very proud of you my man.

https://www.facebook.com/share/tBBjMumuX8QdXJKn/?mibextid=oEMz7o

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Dino Hasapis

I am both humbled and thrilled to announce that I've been recognized again by Chicago Association of Realtors as a top producer. I'm grateful for each and every person I have had the opportunity to...

Commission-income borrowers can qualify for a mortgage loan. John Parker NMLS 124935 authored this blog on commission-income mortgage guidelines:

https://gustancho.com/commission-income-mortgage-guidelines/

gustancho.com

Commission-Income Mortgage Guidelines

Commission-Income Mortgage Guidelines require all self-employed and 1099 income earners 2 years of self-employment income to qualify

I will start creating a comprehensive power point training program in GCA FORUMS for brand new loan officers, and dually real estate agents and mortgage loan officers. Becoming a mortgage loan originator can be extremely lucrative, with no limit on how much you can make. However, getting licensed and passing the national NMLS exam is the easy part. The real training starts with doing deals. Any newly licensed loan officers who have yet to have two years of full ti8m experience originating mortgage loans with a minimum of 20 million in production will need to be on a six-closed loan apprenticeship training program with a senior tenured licensed loan officer at Gustan Cho Associates. What this means is the newly licensed loan officer will get trained by an experienced GCA loan officer and take six loans from qualification to closing in order for them to become independent. The training program will be comprehensive and I will link blogs that were written to this section for reference.

If a deal is a cash-out refi, on a DSCR loan, you need to know the loan amount and LTV, credit score, zoning, term of the lease, nor credit scores, or how long the house has been owned, the price that was paid for the house. If this is a bridge loan short term, you need to know whether it will be a 25/30 year term house is a residentially zoned neighborhood, if it’s in a commercial zone, or a permitted or conditional use permit. All of these answers will determine the type of loan along with its term, penalties, and rate, and if we can use the rental agreement VS the rental appraisal supplement 1007 (the appraiser will also perform a rental market analysis report called 1007 if a 1004 appraisal is used). Need to know if it will be for the long-term agreement for the state-certified daycare. This information determines how we will see the house classified and what type of loan will be required. Just because the lease is in place does not mean the lease amount will be used to calculate the DSCR because 1007 will also give a number, and it’s the lower of the two.

If this is a house with a conditional use permit, I could require a rebuild letter from the city or county, and The DSCR would go off the Appraisal rental supplement.
Please note that the definition of debt service coverage ratio (DSCR) is net operating income divided by total debt service.

Greetings all, I have a commercial scenario, below are the details.  What rate could we offer?

commercial
refinance
in LA
on Westin
currently occupied to child care center
government program
DSCR is 1.49
building appraised for $1.2mn
$500k loan currently on property
mortgage she’s paying is $3500
income from child care center is $5400
good DSCR

You can email me at taylorgilmore86@gmail.com

A borrower’s investment property is worth approximately $1.5M (CA 94551) and the first loan is amounting to $625K and needs to have at least $450K as a second lien. FICO is 738.

Here is the link to USDA DIRECT LOANS, where packagers make $1,500 per file.

https://www.rd.usda.gov/files/hb-1-3550.pdf

Chicago is my hometown. I grew up in the Northwest suburbs of Chicago. There is no other downtown like Downtown Chicago that is as beautiful and has so many things to do. Chicago is the home of thousands of immigrants from hundreds of different countries. However, the thing that is fucking up this great city are the crazy Democrats and far left wing liberals with their asinine ideology. Need to get rid of the mice and cockroaches forever.

Are there any workers at Illinois tollway booths? I need to see which transponder works and which one does not but never seem to see anyone manning the booths at Illinois tollway booths. Whatever happened to them?

I have a scenario where my borrower would like to renovate their current home (No Mortgage) and the cost for the renovation would range from $50-60K. She’s a Teacher, Salaried with a $52K/year. With a FICO 635 Credit Karma and just bought a new car.

What can we offer her or her options?

Thank you

Do most homes in Louisiana  require flood insurance? I had about a dozen homebuyers in Lousiana and every buyer required property tax insurance on their home purchase.

As a resident of Utah and licensed as an MLO in the surrounding states, I am writing this as an update on what is happening in Colorado as far as real estate.

The average Median home price in 2023 is $575,000. That is down 2.6% YOY (Year Over Year).
The list price received is dropping monthly by approximately 0.5%.
On average, residential homes are on the market for 40+ days. That is up almost 82%.
Closed deals are down almost 24%.
Pending Sales are down 18.5% YOY (Year Over Year).
Supply is up 42.9%.
New listings dropped by 22.5%.

Are these numbers telling us seller optimism is down? Or are buyers seeing a balancing of the market?

Need to sign up with wholesale mortgage lenders for government, conventional, and non-QM loans in the United States Virgin Islands. Also, need wholesale commercial lenders and hard money lenders for real estate investors in the United States Virgin Islands. Please contact us at Gustan Cho Associates at 262-627-1965 or text us for a faster response. Or email us at gcho@gustancho.com. We are forecasted to be a one plus billion dollar mortgage lender licensed in 48 states, including Washington, DC, Puerto Rico, and the United States Virgin Islands. We do residential, business, and commercial loans.

Peter Schiff REPORTS on Gold & Silver Sell-Off on Friday due to China stop buying Gold after 18 month buying streak. Government of China buying on Friday alarmed investors. Gold fell $40 per ounce on the initial news of the government not buying Gold. Then later in the day when economic data was released another $30 dollar an ounce dropped to end $70 per ounce for the day. With the economic news of surplus, China will be buying Gold. Non-farm payroll came out better than expected which are not accurate. Weak employment is the fact but government has a track recording of deceiving numbers. The economy is not stable.

https://www.youtube.com/live/dJiWMAJ0m_I?si=ENDLlN0LqtScI08g

Let me ask all of you something. How can a career politician with zero inheritance and zero business experience become multimillionaire after serving in public office with a maximum annual salary of no more than $200,000.

Cars in general depreciate. Mass produced cars such as sedans, pickups, mini-vans, SUVs, convertibles, and daily drivers will lose up to 30% to 40% of its value the minute they leave the dealership. From there on cars will depreciate and in about ten years it will be worthless. Some decked out pick up trucks and sports utility vehicles can surpass the $100,000 mark. A Dodge RAM TRX and Ford Raptor fully loaded can cost over $110,000 brand new. However, after five years, these luxury trucks will be worth less than half of their MSRP. After ten years, these trucks will be worth $20,000 or less. On the other hand, there are limited edition exotic cars like some Ferrari’s and older vintage vehicles that are worth hundreds of thousands of dollars. A Ferrari Testarossa sold for $50,000 price range in early 2000s all day long. Ferrari Testarossa was mass produced so the price was stagnant for over a decade and was not budging. However, today, Ferrari Testarossa is selling for close to $200,000. Same with older Ferrari’s such as the Ferrari Dino and the Ferrari Boxer. The Lamborghini Miura is selling over a million dollars. The Ferrari Lusso is a multi-million dollar car. The Mopar muscle cars are selling over six figures and some that has been restored in the mid to upper six figures. So what type of vehicles can you get for an investment. So what cars are the next winners? I say the Ferrari 599 GTB, the Ferrari 812 Superfast, the Lamborghini LP 640 hard top and convertible, Lamborghini Diablo Roadster, and the 1968 to 1973 Chevrolet Corvette Convertible.

We are working on developing a new mortgage loan officer learning training academy for new loan officers and dually licensed realtor and MLO partners. Stay tuned.

Ronda Butts, a dually licensed realtor and loan officer at Gustan Cho Associates and Lending Network, LLC, moved to Birmingham, Alabama. Ronda has been telling about the housing market in the state of Alabama but especially the luxury housing market in Birmingham. Amazing luxury homes you can get for the money in Birmingham. Ronda, also the CEO, DIRECTOR, AND EDITOR in Chief for One Solution Real Estate, http://www.onesolutionrealestate.com, wrote a comprehensive blog about why people move to Alabama and the luxury housing market in Birmingham that I like to share with our viewers. Here is the article https://gustancho.com/reasons-homebuyers-move-to-alabama/

Gustan Cho Associates is now licensed in the U.S. Virgin Islands. We can do residential, business, and commercial loans in the U.S. Virgin Islands. Hard Money loans up to 70% is a popular commercial loan program through Lending Network, LLC. Visit us at http://www.lendingnetwork.org for any commercial loan inquiries.

Next week, Gustan Cho, President of Lending Network, Inc. is going to announce the roll out of the commercial lending programs Lending Network LLC. Gustan Cho will be launching and finalize our commercial lending platform with NEXA Mortgage and AXEN Mortgage. The merger with NEXA/AXEN and Lending Network LLC will be a game changer for NEXA Mortgage loan officers and for recruiting nee loan officers. Stay tuned. For more information please click Lending Network, https://www.lendingnetwork.org/

• This discussion was modified 10 months, 2 weeks ago by  Gustan Cho.
• This discussion was modified 2 months ago by  Sapna Sharma.
• This discussion was modified 1 month, 2 weeks ago by  Sapna Sharma.

lendingnetwork.org

Home - Lending Network, LLC

COMMERCIAL LOANS, COMMERCIAL REAL ESTATE

God created man and woman and nothing in between. Look at this video clip.

https://youtu.be/Gw3VHX9JbQw?si=rTevuMTXmnE3F1Ub

• This discussion was modified 10 months, 2 weeks ago by  Doc.

Gustan Cho Associates is now licensed in Puerto Rico and the U.S. Virgin Islands. Even though we are licensed in Puerto Rico, our list of wholesale lenders is limited. Christian Sorenson of Equity Prime Mortgage is one of our top lenders in Puerto Rico. Gustan Cho is getting a list of hard money and commercial lenders for Lending Network, LLC, for Puerto Rico on commercial loans:

Here is a blog about getting a mortgage loan with a U.S. lender for a home purchase in Puerto Rico https://gustancho.com/how-to-get-a-mortgage-in-puerto-rico/

Here is an article about buying oceanfront property in Puerto Rico and getting financed with a lender base in the United States https://gustancho.com/oceanfront-homes-in-puerto-rico/

• This discussion was modified 1 year, 10 months ago by  Gustan Cho. Reason: Want to get notified
• This discussion was modified 1 month, 3 weeks ago by  Sapna Sharma.
• This discussion was modified 1 month, 2 weeks ago by  Sapna Sharma.

gustancho.com

Easy Guide on How To Get a Mortgage in Puerto Rico in 2025

The best advice how to get a mortgage in Puerto Rico is to consult with a lender with no overlays with access to multiple wholesale lenders

Lending Network LLC has Hard Money Loans available to qualified borrowers at 75% LTV on commercial loans and investment properties. Case by case scenario for higher loan to value commercial loans

What is the role of the Federal Reserve Board? Who controls the Federal Reserve Board? Is the Federal Reserve Board a legitimate organization? Can the Federal Reserve Board print money? Does the Federal Reserve Board gift money to the elites? Why does the Fed Chairman Jerome Powell lie in front of national television about inflation and our bad economy?