WHAT IS THE MAXIMUM DEBT-TO-INCOME RATIO ON CONVENTIONAL LOANS? I AM HEARING CONFLICTING NUMBERS. IS IT 45% OR 50%?

IS IT TRUE VA LOANS DO NOT HAVE A CREDIT SCORE REQUIREMENT? WHAT ARE VA REQUIREMENTS ON CREDIT SCORES. THERE IS A LOT OF LENDER THAT HAVE DIFFERENT CREDIT SCORE REQUIREMENTS.

My wife and i are interested in qualifying for a USDA loan because there is no money down. I am self-employed so I am worried about my income. What is the maximum debt-to-income ratio on USDA loans.

What is the Truth in Lending in Mortgages. What was the truth in lending created for. What is the true purpose of the Truth in Lending Law? What is the background of TILA? What is the purpose of the Truth in Lending Act as implemented by regulation Z?

What is title when you buy or refinance a house? How does the title process work? What prevents title from being transfered.

To protect from title issues when purchasing property, buyers should purchase title insurance, hire a real estate agent, and conduct a home inspection. What prevents the title claims against title. What constitutes defect in title.

Here is one the funniest videos that will have you laughing crying. Hilarious and you will be watching 👀 it multiple times. WARNING ⚠️ ⚠️ ⚠️ YOU’RE GONNA TO LAUGH 😃 😀 😄

https://youtube.com/shorts/wQRK9Sb4uqQ?si=45IKwif7j7b7hCrv

• This discussion was modified 5 months, 1 week ago by  Gustan Cho.

What is a credit supplement. Why do mortgage lender need to do a credit supplement on a borrower. For what reasons? How does the credit supplement process work. Can you run several case scenarios where a mortgage processor or underwriter need to do a credit supplement and the importance of credit supplements. Do credit supplements delay the mortgage process and the closing?

What are judgments? What are deficiency judgments? What are examples of judgments? Can you please run a few case scenarios how a derogatory or delinquent account turns in a judgment? Can I get a mortgage loan with a judgment? How do I clear up a judgment? Can I vacate a judgment? What are considered judgments? What are the four types of judgments? What happens if a defendant does not pay a judgment? What happens after a judgment is entered against you. What does a judgment for the defendant mean? What is a default judgment? How long is the statute of limitation on judgments? How can you resolve a judgment and get on the road to rebuilding your credit.

How Can I Get Rid of a 30 Day Late Payment

What is considered payment shock by mortgage lenders. How do lenders calculate payment shock. What is considered low payment shock. How is low payment shock considered a compensating factor. Can you give a few case scenarios of payment shock.

like bank statement loans is differ from Qualified mortgage loan

Peter Schiff, the economist who predicted the 2008 housing market crash now predicts an 80% to 90% housing crash. Don’t underestimate Peter Schiff. Schiff has been spot on his housing and economic forecast for years. Government should not intervene on the open market. The FED printing money has a disastrous impact on the overall economy. Government control and guarantee railroads the housing and banking system where it disrupts the overall economic development system and the end result is a financial crisis. Homeowners who purchased homes are barely surviving and many cannot afford their housing expenses. Homes are getting reasseessed where property taxes are increasing 50% and more. Homeowners insurance is doubling in many areas. Many people cannot afford the maintenance in their homes where the end result will be a tear down. Bankruptcy and foreclosure numbers are skyrocketing at historic highs. Watch Peter Schiff’s commentary on the state of our economy.

https://youtu.be/QjaFDvJ02OI?si=sPI1S5bqTW367cuB

Kamala Harris is paying for supporters. A true scum at its highest level. CMV: Saying Kamala Harris was a “DEI hire” or that she feels “entitled” to the Presidency or that she thinks it’s “her turn” are the same kind of arguments that were used against Hillary Clinton, and they are BS.

https://youtu.be/lILjbTjiZng?si=YhNDRd2dgfbxAfHQ

• This discussion was modified 5 months, 1 week ago by  Gustan Cho.

Property Tax Assessment Fraud Nationwide. Did the Jackson County Property Tax Assessor commit Property Assessment Fraud? Missouri orders Jackson County property tax rollback, sparking fears of budget shortfalls. What parcels are in Jackson County, Missouri? What role does a tax assessor play in determining property taxes? How do I get the extra money I paid in property taxes due to property tax assessment fraud?

https://youtu.be/sVGD2ccUiq0?si=hiyhLJZa3U-o5eyN

• This discussion was modified 5 months, 1 week ago by  Gustan Cho.

Nate Holzapel is a scammer and scumbag. Where is Nate Holzapel? How many people did Nate Holzapel scam? What happened to the belt guy Nate Holzapel from the shark tank? Can you explain Nate Holzapel biography? Where was he born? Who were his parents? How many brothers and sisters did he have? Where did he grow up and what schools did he attend? What is Nate Holzapel work history? Who did Nate Holzapel, marry, and had children with? How did Nate Holzapel scam lovelorn women? Why did women find Nate Holzapel attractive?

https://youtu.be/069GnWDAgz4?si=bgolnX7sNVrQxN58

• This discussion was modified 5 months, 1 week ago by  Gustan Cho.

I’m trying to create a business name that reflects my dual role as a real estate agent and mortgage loan officer in California. Since I operate individually and not as part of a team or a broker, I want to make sure the name is compliant with state regulations. Can anyone offer guidance on the legal requirements for selecting a business name in California, especially for someone providing both real estate and mortgage services?

How do beginners start gardening? Food prices are skyrocketing due to inflation and everything at the grocery store is four to five times the price it was about a year ago. Inflation is not 3%. Politicians are big liars and cannot be trusted. How easy or hard is it to start a garden in your back yard? I live in a single family house with a very small back yard in the city. I do not have a large yard so my space is limited. What should I put on my vegetable garden if I am a beginner? Can you please explain the step by step process on how to start a vegetable garden bed from scratch?

What should I look for when shopping for a website development, seo, and maintenance company. I am looking for a all-in-one one-stop website development company to start a website, get CRM, create and launch social media platforms, and have the web development and maintenance company maintain and go full power with SEO. I like to get a high domain rating website with high daily unique visitors with my ultimate goal is converting the organic traffic to leads, and the leads to deals.

Aside from finding a good pizzeria when you relocate, there are more important things to search out. Bank, church, post office, and lawn service are just a few. I have been fortunate to be 70 years old and have a full head of hair, but for some reason it continues to grow. I never went for hair stylists; I prefer the old-time barbers. My father always took me to a barber as a kid. Searching for a barber is not that easy; it is a forgotten art.

Twenty years ago, before moving to Florida, I went back home to New York City. My barber was a guy named Isaac, a Russian Jew. He set up shop on 7th Avenue in the Chelsea section of Manhattan. He was the first barber to cut my hair in NYC. He was so good that one day, while getting a shave, I glanced over at the next customer, and it was Anderson Cooper. Isaac was the barber for the Manhattan elite. I was lucky.

What are the chances of finding a barber of that quality in Ocala, Florida? Luck struck twice, for low and behold, right next to #1 Pizza was a barber, King Cutz. I decided to try my luck after having a slice, with a guy named O’Nell. As I entered the shop, it was crowded. It was the Friday before school started in Florida. August 12 was, I thought, early; it seems school starts earlier each year. When I was in grade school, we started after Labor Day. Why would you have children start school in early August in Florida? It is so hot! The air conditioners have to work harder to keep class rooms cooler. Anyway, a dozen kids were ahead of me, all Spanish and black; razor cuts are a big style for kids, not me, who likes scissors. I didn’t feel out of place, but I was concerned about being older and liking traditional hair cuts.

O’Nell had been a teacher in a hair salon in Puerto Rico. He spent 30 minutes on a six-year-old’s hair. He meticulously clipped each and every hair on this buzz cut, and I was impressed. I was next; he cut my hair, trimmed my beard, and not a hair was out of place. In the morning, I had no cow lick, which usually occurs after my hair is cut. I found my barber and my pizza!

Most New Yorkers agree that the best Chinese food is in Chinatown in lower Manhattan. I could never remember the names of the restaurants; I went by numbers: 17 Pell Street, 37 Mott Street. In the same strip mall, there was a Chinese restaurant! I have not tried it as yet; there is too much pizza to digest. What are the odds of it being as good as a New York restaurant?

My saga continues for new places in Ocala, especially to eat.

Can you tell me what is a HARP mortgage loan? How Did HARP LOAN WORK? HARP Replacement Program. Is the government HARP Mortgage Program Real? Is the HARP Mortgage Loan Still Available?

What is an APR? What is the difference between regular interest rate versus APR? How do you calculate APR on my mortgage interest rate? Is there a formula to calculate APR? Can we go over case scenarios calculating APRs?

Ever considered becoming your own boss by opening your own company. Turn key full service business, commercial, and residential funding business. We will train you about how to open your own commercial loan brokerage business after you go through our training program. Unlimited opportunity. Contact Danny Vesokie at Affiliated Financial Partners at 916-402-2506. Text Danny Vesokie for a Faster Response. Affiliated Financial Partners is a preferred commercial loan officer school of Lending Network and Gustan Cho Associates. Affiliated Financial Partners LLC-Wholly Owned Subsidiary of Danny Vesokie Institute of Finance, headquartered in Sacramento, California.

• This discussion was modified 5 months, 1 week ago by  Danny Vesokie | Affiliated Financial Partners.

Stayed tuned, people. We create, design, and develop a one-stop lending shop mortgage loan officer website. This one-in-all marketing-support-operations-business-development mega website is for select loan officers who want to be in the top 20% of the nation and belong to a team of winners. Many talented goal-oriented folks want to become top-producing loan officers but do not have the guidance, training, tools, and direction to lead them there. After a decade of research and development, making thousands of fixes, and making thousands of hours of mistakes, my team and I have mastered a mega one-stop lending shop. Training a loan officer is one of the most difficult tasks there is. There is no sure proof training program in the market place. The best way to learn to become a successful loan officer is by getting trained by a mentor. Training a loan officer is like training an attorney. Say a young lawyer graduates from an IVY LEAGUE LAW SCHOOL like Harvard, Yale, Princeton, or Stanford Law School. The young, newly law school graduate masters the Bar Exam and is now licensed to practice. What NOW? How is he or she going to represent clients in court, let along simple parking tickets or simply real estate closings? Same with loan officers. You will be clueless and lost. So the best way to train a young recruit loan officer is to take a few steps backward to go forwards. A newly licensed loan officer should not even do a single loan until they have processed three to six loans themselves under the supervision of a loan processor. The loan officer will never become a master mortgage processor and I do not recommend they be one if they want to originate loans, but loan officers will be working very closely with mortgage processors on every single loan. To this day, most loan officers are clueless on how mortgage processing works and often bitch and degrade mortgage processors if shit does not go your way. Master processing, at least how it work, before you proceed to originating. In the system we will have on http://www.viralwebsitedevelopers.com, we will have a detailed training section on processing and how mortgage processing works. Once you have the basics on how mortgage processing works, the next step is to learn origination. So one of the frequently asked questions is do I need to memorize all the mortgage guidelines before proceeding. The answer is NO. There is no way you will learn and know all of the FHA, VA, USDA, FANNIE, FREDDIE, and NON-QM mortgage guidelines. Learning the guidelines is not enough. Every lender has their own lender overlays. Lender overlays are additional mortgage guidelines above and beyond the minimum guidelines of HUD, VA, USDA, FANNIE MAE, and FREDDIE MAC. However, every loan officer should know the basic agency guidelines on government and conventional loans. Everything you need to know, you can find it on http://www.gustancho.com. AGAIN, loan officers should get familiar with the basic guideline but no need to memorize it. You will go back to it often. Again, all the guidelines will be on the master website from Viral Website Developers. Remember, our mission at Viral Website Developers is to create a one-stop mortgage lending online shop with your very one virtual digital media website. So, the next step for brand new loan officers are loan officers transferring to Gustan Cho Associates on a branch level or an independent loan officer sponsored by a member of the Gustan Cho Associates family is getting leads. Again, your newly assigned one-stop shop lending virtual mega loan origination website will have an organic lead generation system which will grow and add more value as it seasons with age and content. I will continue this part at the next time I am able to continue.

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

What is the difference between a hard pull and soft pull during the mortgage loan process. I heard the hard credit pull drops the credit scores of the mortgage loan borrower. So if the borrower keeps shopping for mortgage rates with different lenders, the borrowers credit scores can plummet?

What type of down payment assistance mortgage programs are available for first-time homebuyers in Illinois with 600 credit scores.

So if you want to buy a house in Florida, you better research additional costs aside from mortgages, insurance, and taxes. The HOA, the dreaded Home Owners Association, or modern-day Nazis. When we researched homes in Florida, we soon realized the HOA was a big expense., sometimes $350 per month, which can cost more each year. You have no control over this. Okay, they give you a pool and some lawn service. Our last HOA had $375,000 in their account. Where does that money go? When we asked about fixing the sidewalks, their response was that this was the city’s concern. When we got in touch with the city, they said it was the HOA’s responsibility. The oak trees had grown over twenty years, displacing the sidewalks with huge root growth and cracking the sidewalks. It is very scary when you walk the neighborhood.

They drive past your house and take pictures; you never see them; they are as stealthy as the CIA. I heard that for each fine they write, they get $5.00. Here is a case in point. They took a picture of our gutter at noon, which created a shadow. They sent a notice that the paint had faded; when we checked later in the afternoon, there was no shadow, and the paint seemed fine. We received another picture taken at noon, and they demanded that we repaint. This went on for some months, and finally they conceded—the assholes that they are!

Our neighborhood was overrun with vehicles, sometimes four or five cars in driveways and parked on the street, often making it hard to pull in or out of our driveway. They said they have no control over who parks where. When we realized there was a meth lab across the street with 15 people living there, the HOA had no control. Good thing the police did, and they were evicted a year late. One of the meth guys started staring me down one day, thinking I had ratted him out. I stared back. I take no shit from people. He walked across the street toward me, and I simply told him, I am old, I can’t run, and I don’t dial 911. Life in prison would be a short time for me if you fucked with me or my family. He decided to go back across the street; he didn’t plan on meeting Tony Soprano, robe, and .38. The same house was rented to a chain of car thieves. Two stolen cars were found in their driveway. The HOA has no control over who rents what. Again, the police did, and I have them on speed dial.

Do yourself a favor and avoid HOA, or Horrible Owner Assholes.

There is a condominium crisis forecase in the state of Florida. The term “condo crisis” refers to various potential issues such as maintenance problems, structural issues, financial difficulties, or even environmental concerns. Florida has faced challenges in the past related to condominiums, including issues with building maintenance, insurance costs, and natural disasters such as hurricanes. The state’s vulnerability to climate change and rising sea levels also poses risks to coastal properties, including condominiums. To get the most accurate forecast regarding the condominium market in Florida and any potential crises, you would need to consult real estate experts, industry reports, and local government agencies for the latest information and projections. Additionally, staying updated on news related to the real estate market and potential regulatory changes could provide insights into any emerging issues or crises.

https://www.youtube.com/watch?v=LDV4eFw4tmY

What are lender overlays by mortgage companies. What is the differences between a conventional loan and government-backed mortgage loans. What does it mean if a mortgage loan is backed by the government. Are conventional loans backed by the government? What are common lender overlays on FHA, VA, USDA, and Conventional loans.

What does COs mean in mortgage terms. How is the process of COs.

Were you aware that for a mere $100,000, artificial intelligence can create a virus that can kill millions of people? According to Jason Matheny, the president of Rand Corporation, a think tank that studies security issues, This article appeared in the New York Times. In response, it would cost billions of dollars to create a vaccine or antiviral.

Some years ago, a team created a distant cousin of small pox for $100,000. AI can be less expensive to refine, making chemical warfare cheap and effective. Russia has already launched chemical warfare on Ukraine, and the Chinese government has raised the possibility and targeted particular races. All this stuff is pretty scary. The big threat comes from China’s biowarfare. Robots are programmed to be killers—maybe not pillage and rape. AI robots would be less prone to massacres and tortures.

Technology has the ability to suppress this situation. A random study proved that young people who gave up smart phones enjoyed the simple things in life. All high-tech companies have the ability to weed through all the child porn; they can use immunities to stop these types of robotic AI postings.

If we don’t try to control AI, it will be the greatest challenge for our grandchildren since Prometheus defied the gods and gave fire to humanity in the form of technology to enhance civilization.