Dually Licensed Brandon
Dually LicensedForum Replies Created
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Who pays for home staging?
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Can I get a mortgage loan with my ITIN number? Yes, it is possible to obtain a mortgage loan using just your Individual Taxpayer Identification Number (ITIN) instead of a Social Security Number (SSN). However, not all lenders offer ITIN loans, so you’ll need to find ones that do.
What are ITIN loans? ITIN loans are mortgage loans designed for borrowers who have an ITIN but do not have an SSN. They allow non-U.S. citizens and others ineligible for SSNs to qualify for home loans.
How much down payment is required for an ITIN loan? Most lenders requiring a higher down payment, typically 20% or more of the home’s purchase price, for ITIN loans due to the increased risk involved.
What documents are required for an ITIN loan? In addition to standard loan documentation, you’ll need to provide:
- Valid identification (passport, etc.)
- ITIN number
- Proof of income (tax returns, pay stubs, etc.)
- Verification of employment
- Asset documentation (bank statements, etc.)
- Can I use my ITIN to get a credit score and establish credit? While an ITIN alone cannot be used to obtain a credit score, some lenders may allow you to build credit history by reporting your mortgage payments to credit bureaus if you have an ITIN loan.
The application process for ITIN loans tends to be more rigorous. Lenders will scrutinize income, employment, assets and credit history very closely. You’ll need excellent credit and higher income/asset documentation. Interest rates are also typically higher than conventional mortgages.
I’d recommend consulting lenders experienced with ITIN loans in the area you wish to purchase. A knowledgeable loan officer can explain all requirements and guide you through the ITIN loan process.
https://gustancho.com/itin-mortgage-loans/
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This reply was modified 6 months ago by
Sapna.
gustancho.com
Homebuyers can use their individual taxpayer identification number without their social security number to qualify for ITIN Mortgage Loans.
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DACA (Deferred Action for Childhood Arrivals) recipients face some limitations when it comes to accessing government assistance programs and certain types of mortgage loans in the United States. Here’s an overview of their options:
- FHA Loans:
FHA loans, which are insured by the Federal Housing Administration, are generally not available to DACA recipients. The FHA requires borrowers to have a valid Social Security number and legal permanent residency status or eligible non-permanent residency status, which DACA does not provide. - Non-QM (Non-Qualified Mortgage) Loans:
Non-QM loans, also known as non-prime or non-conforming loans, may be an option for DACA recipients. These loans are not backed by government agencies like FHA, VA, or Fannie Mae/Freddie Mac, and they are typically offered by private lenders or portfolio lenders. - Some lenders may be willing to provide non-QM loans to DACA recipients with an Individual Taxpayer Identification Number (ITIN) instead of a Social Security number. However, these loans often come with stricter requirements, such as:
- Higher down payment (usually 20% or more)
- Higher credit score requirements (700+)
- Higher interest rates
- More substantial documentation of income, employment, and assets
- Down Payment Assistance Programs:
Unfortunately, most down payment assistance programs offered by government agencies, non-profit organizations, or state housing finance agencies require borrowers to be U.S. citizens or legal permanent residents. DACA recipients are typically ineligible for these programs. - Private Lenders and Portfolio Loans:
Some private lenders and portfolio lenders may offer mortgage loans to DACA recipients without requiring a Social Security number or legal permanent residency status. These loans are not backed by government agencies and may have higher interest rates and more stringent requirements.
It’s important to note that the availability and specific requirements for mortgage loans for DACA recipients can vary significantly depending on the lender and the state or region where you’re looking to purchase a home.
If you’re a DACA recipient interested in buying a home, your best option may be to work with a knowledgeable mortgage broker or lender who specializes in non-QM loans or portfolio loans for non-permanent residents. They can guide you through the process and help you understand your options and requirements.
- FHA Loans:
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Congressman Adam Kinzinger is a former U.S. Representative from Illinois, known for his service as a Republican in the U.S. House of Representatives from 2011 to 2023. Kinzinger represented Illinois’ 16th congressional district, which covers parts of northern and central Illinois.
Background and Early Career:
- Military Service: Before his political career, Kinzinger served in the Air National Guard. He was commissioned as a second lieutenant in November 2003 and later served in both the Iraq War and the Afghanistan War. His military background played a significant role in shaping his perspectives on foreign policy and national security.
- Local Politics: Kinzinger’s political career began in local government, where he served on the McLean County Board after winning an election in 2008.
Congressional Career:
- Election to Congress: Kinzinger was first elected to Congress in the 2010 midterm elections, part of a wave of Republican victories that year. He was known for his moderate stance on many issues early in his career but was seen as a conservative voice on fiscal and security matters.
- Committee Assignments: During his time in Congress, Kinzinger served on various committees, including the Foreign Affairs Committee and the Energy and Commerce Committee. These positions allowed him to influence policy related to his areas of interest and expertise.
Political Stance and Actions:
- Criticism of Trump: Kinzinger became notably outspoken against former President Donald Trump following the January 6, 2021, attack on the U.S. Capitol. He was one of the ten House Republicans who voted to impeach Trump for incitement of insurrection.
- Voice on National Security: Consistent with his military background, Kinzinger was vocal on issues of national security and international affairs, often advocating for a strong U.S. presence globally.
Post-Congressional Career:
- Retirement from Congress: Kinzinger announced in 2021 that he would not seek re-election in 2022, citing the political environment and redistricting changes in Illinois.
- Public Presence: Since leaving office, Kinzinger has remained active in public discourse, particularly regarding the direction of the Republican Party and the broader political climate in the U.S. He has been involved in efforts to move the Republican Party away from the influence of Trump and has spoken on various national platforms about his views.
Adam Kinzinger’s career reflects a blend of military service and political involvement, marked by a shift towards a critical stance against elements within his own party and an ongoing commitment to issues related to national security.
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Here are some popular and iconic songs from the 1980s:
- “Billie Jean” by Michael Jackson (1982)
- “Sweet Dreams (Are Made of This)” by Eurythmics (1983)
- “Girls Just Want to Have Fun” by Cyndi Lauper (1983)
- “When Doves Cry” by Prince (1984)
- “Livin’ on a Prayer” by Bon Jovi (1986)
- “Take On Me” by a-ha (1985)
- “Don’t You (Forget About Me)” by Simple Minds (1985)
- “I Wanna Dance with Somebody” by Whitney Houston (1987)
- “Wake Me Up Before You Go-Go” by Wham! (1984)
- “Like a Virgin” by Madonna (1984)
- “Sweet Child O’ Mine” by Guns N’ Roses (1988)
- “Hungry Like the Wolf” by Duran Duran (1982)
- “Material Girl” by Madonna (1984)
- “Africa” by Toto (1982)
- “Edge of Seventeen” by Stevie Nicks (1981)
- “Every Rose Has Its Thorn” by Poison (1988)
- “We Didn’t Start the Fire” by Billy Joel (1989)
- “The Power of Love” by Huey Lewis and the News (1985)
- “Karma Chameleon” by Culture Club (1983)
- “Come On Eileen” by Dexys Midnight Runners (1982)
The 1980s was a diverse decade for music, with genres like pop, rock, new wave, and hip-hop producing many iconic and influential songs that still resonate today.
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Nevada can be a decent place to move with a family, but there are pros and cons to consider:
Pros:
- No state personal income tax: This can help families keep more of their income.
- Warm, sunny climate: Nevada has a predominantly dry, desert climate with abundant sunshine, which some families enjoy.
- Outdoor recreation: With open spaces and natural areas like Red Rock Canyon and Lake Mead near Las Vegas, there are opportunities for hiking, camping, and outdoor activities.
- Tourist attractions: Cities like Las Vegas and Reno offer family-friendly entertainment options like shows, museums, and attractions.
Cons:
- Cost of living: Major cities like Las Vegas and Reno can have a relatively high cost of living, especially for housing.
- Education rankings: Nevada’s K-12 public education system often ranks near the bottom compared to other states.
- Limited water resources: With scarce water supplies in this arid region, droughts can be a concern.
- Remote rural areas: Much of Nevada is rural and remote, which may lack amenities families desire if not located near a major city.
- Las Vegas culture: While the Las Vegas area has family-friendly offerings, the overall adult entertainment culture may not appeal to all families.
Ultimately, it depends on your specific priorities and situation. Nevada offers a unique environment and lifestyle, but educational quality, cost of living, and cultural factors are important considerations when moving with children. It’s advisable to research your intended area thoroughly to determine if Nevada is the right fit for your family.
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Cork is a versatile and sustainable material with many uses beyond wine bottle stoppers. Some alternative applications include:
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Flooring and Wall Tiles: Cork flooring is popular due to its durability, insulation properties, and noise reduction. It’s also naturally antimicrobial and hypoallergenic.
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Bulletin Boards: Its ability to withstand repeated pinning without significant damage makes cork ideal for bulletin boards and tack surfaces.
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Gaskets and Seals: Due to its compressibility and resistance to liquids, cork is often used in the automotive and industrial sectors as gaskets and seals.
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Footwear: Cork provides cushioning and flexibility, making it suitable for shoe insoles and orthopedic sandals.
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Soundproofing: Cork’s noise absorption properties make it an excellent choice for soundproofing in recording studios or music practice rooms.
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Crafts and Design: Artists and crafters use cork for DIY projects, furniture, and home decor due to its aesthetic appeal and ease of shaping.
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Sustainable Packaging: Its biodegradability makes cork an environmentally friendly option for packaging delicate items.
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Sports Equipment: Cork is used in sports equipment like table tennis paddles, baseball bats, and fishing rod handles due to its lightweight and shock-absorbent properties.
Cork’s unique characteristics of being lightweight, insulating, water-resistant, and renewable make it valuable across various industries and applications.
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Gustan Cho Associates offers a range of career opportunities for mortgage loan officers and branch managers, especially under the umbrella of NEXA Mortgage LLC. These opportunities are suitable for both newly licensed and experienced professionals in the mortgage industry.
For newly licensed mortgage loan originators, Gustan Cho Associates provides a mentor training program that lasts six months. To graduate from this program, you must close six mortgage loans, after which you can become an independent licensed mortgage loan originator or join an established producing branch (Gustan Cho Associates Mortgage Brokers).
For more experienced professionals, there are opportunities to run your own profit and loss business as a branch manager. This setup allows you to operate independently while still being part of a larger network, offering a significant degree of autonomy in managing your business. Gustan Cho Associates emphasizes a strong support system and access to a broad range of loan products due to their partnership with 210 wholesale lenders (Gustan Cho Associates Mortgage Brokers) (Gustan Cho Associates Mortgage Brokers).
The company culture is noted for its supportive environment, providing extensive operational, marketing, and technical support to help you succeed in your role. They also offer competitive compensation plans and benefits, including healthcare options (Gustan Cho Associates Mortgage Brokers) (Gustan Cho Associates Mortgage Brokers).
If you’re interested in exploring these opportunities, you can learn more about the specific positions available and the qualifications required on the Gustan Cho Associates career page or directly contact them for more detailed information.
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Nexa Mortgage offers a Revenue Share Program that serves as a significant component of their compensation structure for Mortgage Loan Originators (MLOs). This program allows MLOs to earn additional passive income by building a team of loan officers within the company. Here’s a breakdown of how it works:
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Revenue Share Depth: The program is structured to go three levels deep. This means you can earn from the commissions of the loan officers you recruit, as well as from those recruited by your recruits, spreading down through three tiers.
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Recruitment Targets: To benefit from the Revenue Share Program, you would typically aim to recruit a certain number of producing loan officers. For instance, some goals might include recruiting ten producing loan officers within the first 45 days and 60 within 120 days.
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Earnings from Downline: As you build your downline, you can earn a portion of their commissions, which can significantly boost your earnings. This setup allows you to grow a team and benefit from their production without the management overhead typically associated with running a brokerage.
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Exit Strategy: One unique feature of Nexa’s Revenue Share Program is that it provides an exit strategy where the revenue share is retained indefinitely and can even be willed to your family, ensuring a legacy of income beyond your active working years.
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Support and Training: Nexa supports this initiative with training programs like the NEXA Academy, which helps newly licensed loan officers build their careers within the company, potentially enhancing your revenue share as these new recruits start producing.
Overall, Nexa’s Revenue Share Program is designed to incentivize and reward the growth and success of its loan officers, not just through individual loan completions but by fostering a collaborative and expansive business development approach (Gustan Cho Associates Mortgage Brokers) (GCA Forums).
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