Like to introduce eveyrone to Rhonda Smith, a dually licensed real estate agent licensed in Alabama and an NMLS licensed mortgage loan originator at Gustan Cho Associates NMLS 2315275, a dba of NEXA Mortgage NMLS 166060. @Rhonda

Rhonda Smith: Mortgage Loan Originator at Gustan Cho Associates, a dba of NEXA Mortgage.

Rhonda Smith is a mortgage loan originator at Gustan Cho Associates, specifically licensed to operate in Alabama. Gustan Cho Associates is a well-known mortgage brokerage firm, part of NEXA Mortgage LLC, which offers a range of mortgage products and services across the United States.

About Rhonda Smith of Gustan Cho Associates

• Parent Company: NEXA Mortgage LLC
• Coverage: Licensed in 48 states, including Alabama.
• Specialties: The company is known for its expertise in handling loans that other lenders might decline, particularly due to their “no overlay” policy, which means they adheres strictly to agency guidelines without adding extra qualification requirements.

Services Offered by Rhonda by Rhonda

Gustan Cho Associates provides a variety of mortgage services, including but not limited to:

• Conventional Loans
• FHA Loans
• VA Loans
• USDA Loans
• Non-QM Loans: Including bank statement loans and asset-depletion loans for self-employed borrowers.
• Refinancing Options

Contact Information of Rhonda Smith

You can contact Rhonda Smith directly through Gustan Cho Associates for specific mortgage inquiries or to start the loan application process.

Benefits of Working with Rhonda Smith and Gustan Cho Associates

• Expertise: Extensive experience in handling complex mortgage scenarios.
• Customer Focus: Dedicated to helping clients find the best loan options tailored to their needs.
• Accessibility: The team, including Rhonda Smith, is available to guide clients through the mortgage process from start to finish.

Further Information on Rhonda Smith

For more details on the services provided or to contact Rhonda Smith, visit the Gustan Cho Associates website or the specific page for GCA Mortgage. This ensures that potential clients or interested parties clearly understand Rhonda Smith’s role, the services offered by Gustan Cho Associates, and how to proceed with mortgage inquiries.

• This discussion was modified 1 year, 10 months ago by  Gustan Cho.

What are the mortgage lending requirements on investment property jumbo loans. Can you please explain the lending guidelines on traditional and non-QM jumbo loans, the borrowers credit and income requirements, the down payment requirements and closing costs, the maximum debt-to-income ratio, the mortgage rates on non-QM jumbo loans, and the various different types of traditional and non-QM jumbo loans? If you can explain the mortgage process on traditional and non-QM jumbo loans on investment properties, it will be greatly appreciated?

The verdict is in on former President Donald Trump’s trial in New York. Former President Donald Trump has been found guilty on all 34 charges in his hush money case. Never before in history has a former president of the United States been tried after they left office of the Presidency. This trial of former President Donald Trump was politically motivated with many things wrong with even going to trial. No doubt the trial was politically motivated due to the fear and panic of former President Donald Trump running for office of the Presidency of the United States in November 2024. The charges against President Donald Trump are related to falsifying business records to conceal a $130,000 payment made to adult film star Stormy Daniels. This payment was part of an effort to prevent Daniels from going public with her claims about a 2006 encounter with Trump. This historic conviction marks Trump as the first former U.S. president to be convicted of felony crimes. The jury deliberated for 9.5 hours before reaching their verdict, which involved examining numerous invoices, vouchers, and checks connected to the reimbursement payments made to Trump’s former lawyer, Michael Cohen, who initially covered the payment to Daniels. The sentencing for Trump is scheduled for July 11, just before the Republican National Convention where he is expected to be nominated as the 2024 presidential candidate.

https://www.youtube.com/watch?v=NM1v-Tyvvso&list=RDNSNM1v-Tyvvso&start_radio=1

Can i get approved for equipment financing if I have under 700 credit score. I have a hard worker and my own construction business. I have 630 credit score. I owned one apartment building before in 2005 and foreclose in Chicago but do not have bankruptcy. I helped build a new house, and did many construction of houses. I have experience with condos and lofts in Chicago and downtown since 1994, What do I need to get financing for equipment. I need bobcat, trailer, enclosed and open trailer, Ford 350 utility pick up truck, tractor, snow plow for winter, and other tools and machinery for me and my brothers to run our concrete, construction, landscaping, and snow plow business in Chicago. A loan officer told me about http://www.lendingnetwork.org.

Hector Munoz

lendingnetwork.org

Home - Lending Network, LLC

Accounts Receivable

https://www.youtube.com/watch?v=ATd5tuvuUHQ

Auto Financing for business owners and purposes at low rates and 125 LTV at Lending Network, LLC. Purchase or Refinance auto loans. Funding in 24 hours. If auto loan application is submitted before 11 am EST, funding the same day. Business owners needing quick cash and have equity in their vehicles can do a Cash-Out Refinance on their automobiles and get cash within 24 hours. Lending Network LLC offers the lowest rates on auto loans from our nationwide lending network of wholesale automobile direct lending partners. Contact us at contact@lendingnetwork.org. The team at Lending Network LLC is available seven days a week, evenings, weekends, and holidays. Visit us at Lending Network LLC at https://www.lendingnetwork.org

lendingnetwork.org

Home - Lending Network, LLC

Accounts Receivable

Where can you get financing for solar panels. Illinois state gives tax incentives for homeowners who have solar panels and a monthly check.

Any small spec builder need builder construction loan for land and acquisition? No doc. No credit score requirements, no DSCR, no bank statements. 25% to 30% down payment on land and 100% financing on construction costs. Need to value at 70% LTV after construction. 25% down payment on single family home construction and 30% down payment on 2 to 4 unit multi family. Only single family to 4 units. Contact Gustan Cho NMLS 873293 at gcho@gustancho.com or join our forums gcaforums.com. Lending Network LLC http://www.lendingnetwork.org ​

I am not familiar with bank statement loans. Can you please explain how bank statement loans work.

No-doc real estate loans, short for “no documentation” or “no document” loans, were a type of mortgage loan that gained popularity in the early 2000s during the housing boom in the United States. These loans were designed to make it easier for borrowers to obtain mortgages without having to provide extensive documentation of their income, employment, or financial assets. The key characteristic of no-doc loans was that they required minimal or no documentation from the borrower to verify their financial status.

Here are some key features of no-doc real estate loans:

1. Limited Documentation: Borrowers typically did not need to provide traditional income verification documents, such as pay stubs, tax returns, or W-2 forms. Instead, they might state their income on the loan application without providing any supporting evidence.

2. Higher Interest Rates: Due to the increased risk associated with lending without thorough income verification, no-doc loans often came with higher interest rates compared to traditional mortgage loans.

3. Lower Down Payments: Lenders might accept smaller down payments, allowing borrowers to purchase homes with less money upfront.

4. Risky Borrowers: No-doc loans were often marketed to self-employed individuals or those with irregular income streams who had difficulty qualifying for conventional mortgages.

5. Adjustable-Rate Mortgages (ARMs): Many no-doc loans were structured as adjustable-rate mortgages, which meant that the interest rate could change over time, potentially leading to higher monthly payments.

6. Declining Values: The popularity of no-doc loans contributed to the housing bubble and subsequent financial crisis in the late 2000s, as many borrowers who couldn’t afford the loans defaulted when interest rates adjusted or home values declined.

As a result of the housing market collapse and the financial crisis, regulations surrounding mortgage lending were tightened, and risky loan products like no-doc loans largely disappeared from the market. Today, lenders typically require borrowers to provide comprehensive documentation to verify their income and financial stability when applying for a mortgage, with the aim of ensuring that borrowers can afford the loans they are seeking.

The Globalists and Democrats are on the same crazy mission of depopulation and ending innocent lives early.

The coronavirus pandemic was a man made weapon of mass destruction and the coronavirus vaccine was created to depopulate the world. Boosters came out to continue killing people. The Globalist hate humanity, hate the United States, amd the US Constitution. The Globalist are evil and examples of Globalist include the following, Barack Obama, Michael Robinson Obama, George Soros, Dementia Lying Biden, The Rothschild, Bill Gates, Nancy Pelosi, Gavin Newsom, JB Pritzker, Claus Schaub, Anthony Fauci. These statements are based on Facts and No BS.

Another message from the one and only, Kevin DeLory. Thank you Kevin, for sharing

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What is the difference between mortgag bankers, correspondent lenders, mini-correspondent lenders, mortgage brokers, retail loan officers, and wholesale mortgage lenders?

Worthwhile video from Santa’s Surfing Worthwhile Watching.

https://rumble.com/v53rz09-6252024-julian-free-fed-reserve-hacked-big-pfizer-lawsuits-greatness-from-g.html

rumble.com

6/25/2024 - Julian Free - Fed Reserve Hacked - Big Pfizer lawsuits! Greatness from God!

ARTICLE LINKS: www.BeachBroadcastNews.com SPONSORS: www.BeachBroadcastNews.com/sponsor DONATIONS FOR FAMILIES IN NEED: www.beachbroadcast.org TRUMP CARDS AND ITEMS https://www.beachbroadcastnews.com/t

AirBnB’d property owners are seeing a lack of business.

Have you gotten a Last Minute Mortgage Denial at your current lender? You are not alone. Over 80% of our clients at Gustan Cho Associates are borrowers who got denied at other lenders. Borrowers got denied at other lenders because the loan officer did not properly qualify the borrower or because of the mortgage company having Lender overlays. Lender overlays are additional mortgage guidelines above and beyond the minimum agency guidelines of FHA, VA. USDA, FANNIE MAE or FREDDIE MAC. The team at Gustan Cho Associates has a no lender overlay business platform on government and commercial loans. We can help borrowers with credit scores down to 500 FICO, non-qm loans, 12 months bank statement loans, DSCR loans, no-doc loans, ITIN loans, DACA LOANS, Condotel Financing, hard money commercial loans, commercial loans, SBA LOANS, Factoring, equipment financing, Business lines of credit, POS, Spec-Builder New Construction, Auto Financing, apartment building loans, land loans, church financing, accounts receivable financing, MCA financing, and land development loans. No need to worry if you got denied. The file is not dead. You can join us where we can help you qualify and get you approved for your commercial or business loan.

Breaking NEWS from CEO MIKE KORTAS over the announcement of NEXA MORTGAGE 100. Effective immediately, all NEXA Mortgage loan originators who recruit one full time independent Mortgage Loan Originator and that loan officer does one loan a month in one or all three wholesale lending mini-correspondent investors (EPM, MLB, and UWM) the loan officer will make 100% of the revenues. Let’s dive into the details of NEXA Mortgage’s commission structure. If you’re a self-producing Mortgage Loan Originator (MLO) looking for a change in brokerages, NEXA has some exciting possibilities for you:

1. Base Commission:

   • The first layer of NEXA Mortgage’s compensation plan is the Base Commission. You start by selecting a margin applied to your lender-paid compensation deals.
   • While you have the flexibility to choose different margins, it’s recommended to opt for 275 basis points, which grants you 220 basis points.
   • With this competitive rate, your commissions can significantly increase, especially when closing larger loan amounts.

2. Bonus Commission:

   • NEXA rewards hard work and dedication with the Bonus Commission.
   • Once you hit $3 million in funded volume per month, you’ll receive a 100% commission on everything beyond that threshold.
   • This bonus structure motivates MLOs to exceed their targets, and the potential for increased earnings is substantial. So, the sky’s the limit when it comes to achieving higher commissions!

3. Partnership Compensation Plan:

   • Taking their commitment to growth and recognition a step further, NEXA introduces the Partnership Compensation Plan.
   • When you’ve introduced 10 Originators producing at NEXA, you become eligible for this plan.
   • Instead of waiting to hit $3 million, you get a 100% commission starting at $2 million in production.
   • This incentive encourages MLOs to contribute to the company’s success by bringing in top-performing Originators.

4. Revenue Share Program:

   • Interested in building a business within a business? NEXA Mortgage offers an enticing Revenue Share Program.
   • By introducing other Originators to NEXA, you can earn a portion of their commissions, creating a powerful source of passive income.
   • As you develop your downline and help others succeed, your Revenue Share can grow significantly.

5. Daily Payouts:

   • Gone are the days of waiting for weeks to receive your commissions.
   • NEXA Mortgage pays you daily, treating you like a realtor and ensuring you get your hard-earned money promptly1.

Remember, always do thorough research and consider all aspects before making any decisions. If you’re interested in joining NEXA, reach out to them directly to explore the opportunities further!

https://gustancho.com/career-opportunities/

• This discussion was modified 2 years ago by  Gustan Cho.
• This discussion was modified 2 years ago by  Gustan Cho.
• This discussion was modified 2 years ago by  Gustan Cho.
• This discussion was modified 2 years ago by  Gustan Cho.

John Parker, who are the top 10 branches at NEXA Mortgage so I can compare apples to apples. I think it’s time we start going full blast recruiting. Also. The largest size branches at NEXA by volume and loan officers. Thanks.

Today’s meeting with Yvonne Schinzel has been rescheduled to Tuesday, August 8th, due to severe storms by Yvonne at 2 pm CDT. Important meeting. We will go over TBD Underwriting Pre-Approvals and Down Payment Assistance programs. TBD underwriting is when the borrower’s file is submitted without a property and is fully underwritten by a mortgage underwriter and a conditional loan approval is issued. It is like a loan commitment without the property. Once the borrower gets the property, the real estate purchase contract is submitted to the same underwriter. The property is then underwritten, the appraisal is ordered and reviewed, and the clear to close is issued. I used to do this all the time, and it is a game changer. Almost like a cash offer, and sellers love it. We have our preferred wholesale lending partner Christian Sorenson at EPM with a forgivable down payment assistance program, which is our best DPA loan program. Still, the maximum DTI is 48.99/48.99, and only borrower paid. Cameron LeClair from the Lender is our second preferred lender of choice, but the down payment is a non-forgivable, full 46.9%/56.9% DTI with approve/eligible but the borrower needs 680 FICO, which is weeding out a lot of people. On the other hand, Yvonne has a DPA non-forgivable program with a minimum 600 FICO, and a debt-to-income ratio can go up to 46.9%/56.9%. Lender paid compensation.

Hilarious funny video clip.

https://www.facebook.com/share/r/1RpSEfUmUPA311HE/?mibextid=D5vuiz

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https://www.facebook.com/Sandratiendaderegalos?mibextid=ZbWKwL | Sandra K Valle Gonzales | Sandra K Valle Gonzales · Original audio

https://www.facebook.com/Sandratiendaderegalos?mibextid=ZbWKwL. Sandra K Valle Gonzales · Original audio

Inflation has been skyrocketing like never before in history. Home prices are at historic highs. Mortgage rates are almost at 8.0% with no signs of increasing. Rents are increasing every year but wages has not gone up. If anything, wages are decreasing and by no means keeping up with Inflation. What’s in the horizon? I feel bankruptcy rates will increase like never before.

Illinois residents have been moving to Indiana in increasing numbers in recent years, with an estimated 31,015 moving in 2022. Some reasons for this include low cost of living, affordable housing, low taxes, friendly people, welcoming new businesses with tax incentives, proximities to large cities, great schools, and great healthcare. Cost of living. Indiana is considered one of the most affordable states in the US, with U.S. News ranking it #2 in overall affordability and #3 in housing affordability. For example, moving from Indianapolis to Chicago could increase the cost of living by more than 20% . Job opportunities: Indiana’s manufacturing and agriculture industries offer many job opportunities. Schools: Indiana’s Four Star School program ranks schools for excellence and accountability. Proximity to cities: Indiana is close to major cities like Chicago and Louisville, which offer access to entertainment, culture, and more jobs. Popular cities throughout the state of indiana: Some Indiana cities that are popular with Illinois residents include Indianapolis and Fort Wayne. Indianapolis offers a low cost of living, walkable downtown, and attractions, while Fort Wayne has affordable cost of living, family-friendly neighborhoods, and good schools.

https://gustancho.com/home-loan-with-bad-credit-in-indiana/

• This discussion was modified 1 year, 10 months ago by  Connie. Reason: Spelling error

gustancho.com

Home Loan With Bad Credit In Indiana With No Overlays

Gustan Cho Associates is a mortgage company with no overlays specializing in Home Loan With Bad Credit In Indiana and dozens other states

Moving to Indiana can be an exciting experience! Indiana is a state located in the Midwestern region of the United States and is known for its diverse landscapes, friendly communities, and rich history. Here are some things to consider and tips to help you with your move:

1. Research Different Areas: Indiana has various cities and towns, each with its own unique character and amenities. Consider factors such as cost of living, job opportunities, school districts (if applicable), and the overall lifestyle you’re seeking when choosing a place to settle.

2. Climate: Indiana experiences all four seasons, so be prepared for hot summers and cold winters. Make sure to pack accordingly with clothing suitable for different weather conditions.

3. Cost of Living: The cost of living in Indiana is generally lower than in many other states, making it an attractive option for those seeking affordability.

4. Job Market: If you’re moving for work, research the job market in your chosen area. Indiana has a diverse economy, with significant industries including manufacturing, agriculture, healthcare, and technology.

5. Transportation: Indiana has a well-developed network of highways and interstates, making it relatively easy to travel within the state and to neighboring states. If you’re moving from out of state, consider transportation logistics for your belongings.

6. Schools and Education: Indiana has both public and private schools, as well as several colleges and universities. If you have children, research the local schools and districts to find the best fit for their education.

7. Outdoor Activities: Indiana offers a range of outdoor recreational opportunities, from hiking in state parks to boating on its many lakes and rivers. Take advantage of these activities to explore the natural beauty of the state.

8. Local Culture: Embrace the local culture and traditions. Indiana has a strong sports culture, with basketball and auto racing being particularly popular.

9. Connect with Locals: Hoosiers (a term used to refer to Indiana residents) are known for their friendliness. Don’t hesitate to connect with locals, join community events, and get involved to build a strong social network.

10. Prepare for the Move: Plan and organize your move well in advance. Notify relevant parties about your change of address, hire a reliable moving company, and take care of any necessary paperwork or documentation.

Remember that every move comes with its challenges, but with proper preparation and a positive attitude, you can make the transition to Indiana a smooth and enjoyable one. Good luck with your move!

https://www.youtube.com/watch?v=6j5LqYBsBqQ

There is no doubt that Joe Biden is the worst President of the United States and one of the dumbest, if not the dumbest, human being ever to head the Oval Office. I can give you an overview of some of the economic policies and initiatives that were in place during the Biden administration up to my last update.

When Joe Biden took office as the 46th President of the United States in January 2021, he faced significant economic challenges, primarily due to the COVID-19 pandemic’s ongoing impact on the economy. His administration’s economic agenda aimed to address the public health crisis and support economic recovery.

Some key points of the Biden administration’s economic policies up to September 2021 included:

1. COVID-19 Response: Biden prioritized a comprehensive approach to combat the pandemic, including mass vaccination campaigns, expanded testing, and providing financial aid to individuals and businesses affected by the pandemic.

2. American Rescue Plan Act: In March 2021, the administration passed the American Rescue Plan Act, a $1.9 trillion economic relief package. This legislation included direct payments to individuals, extended unemployment benefits, aid to state and local governments, funds for COVID-19 vaccine distribution, and support for small businesses.

3. Infrastructure and Jobs Plan: Biden proposed an infrastructure plan that aimed to invest heavily in infrastructure projects, such as transportation, broadband, and clean energy. The proposed plan also sought to create jobs and boost economic growth.

4. Tax Policy: The Biden administration proposed raising taxes on corporations and high-income individuals to fund various social programs and infrastructure investments. The goal was to address income inequality and generate revenue to support government initiatives.

It’s essential to remember that the economy’s performance is influenced by various factors, including global economic conditions, geopolitical events, and other policy changes. Therefore, I recommend checking more recent sources to obtain an up-to-date and comprehensive assessment of the Biden economy as of August 2023.

https://www.trunews.com/stream/joe-biden-dreams-of-ice-cream-as-nashville-christian-school-children-are-dead

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

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.

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

There are many fake doctors that are celebrities. These so called celebrities use Dr. How many fake doctors are there. Is Dr. Jill Biden and Dr. Phil real doctors or fake doctors?

A fellow member of GCA FORUMS directed me to ask GCA FORUMS members about generating my own organic traffic for Leads. I have been shit out of luck buying leads.