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.

What are credit inquiries and how does it work? Are credit inquiries bad for your credit profile? Why do lenders frown on credit inquiries? Can you get credit inquiries removed from your credit report? How long do credit inquiries stay on your credit report.

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.

WHAT IS SETTLEMENT AND CLOSING? HOW DOES SETTLEMENT AND CLOSING WORK IN THE MORTGAGE PROCESS. WHAT DOES SETTLEMENT MEAN FOR A HOUSE? WHAT IS SETTLEMENT IN MORTGAGE. WHAT IS A SETTLEMENT MORTGAGE. WHAT DOES SETTLEMENT FEE MEAN IN MORTGAGE. WHAT IS THE DIFFERENCE BETWEEN SETTLEMENT AND A CLOSING.

• This discussion was modified 9 months ago by  Gustan Cho.

Am I potentially able to obtain a mortgage at this time? Or do I need to wait 2 years from the date of discharge of my Chapter 13?

My credit score is low and a lot of credit cards are pending. Should I refinance my home to consolidate the debts?

I am doing a loan modification and the lender says that my ex wife has to sign the documents too. Even though her name has never been on the mortgage, she is only on the deed. Why does she have to sign the loan modification?

Are non-qm loans hard money loans?

The Softening of America

Euphemism is a mild or indirect word or expression substituted for one considered to be something unpleasant or embarrassing. I thought I would use the dictionary for the meaning before the AI responses. When did America get so soft on words? We have the first amendment, so what’s the issue? We can say anything short of “fire” in a crowded theater. We drink, we curse at sporting events—what happened?

It started slowly generations ago; that’s when our language became more passive and non-offending, which is a big deal today. You don’t say, “partly cloudy,” anymore; it’s partly “party sunny.” When did toilet paper become bathroom tissue, right before sneakers became running shoes?

We have created the language to be more pleasant to the ear by substituting a harsh word for a nice one. Some euphemisms actually try to explain the phrase while saying the same thing. The CIA, as we all know, kills people, neutralizes them, or depopulates them.

It’s time to pre-board the plane; if I’m pre-boarding, I am actually boarding the plane. Constapation is bowel irregularity, and the dump is a landfill.

World War I, shell shock, World II, battle fatigue, Korean War, Operation Exhaustion

Vietnam War, Post-Tramatic Stress Syndrome, or PTSD. Over the last one hundred and twenty years, euphemisms have been used to ease the pain of war. To explain to the public in nice, easy words. Shell Shock is so accurate and appropriately named. Americans were up in arms to help the returning soldiers after World War I when hearing what the boys went through.

If returning Vietnam veterans had had shell shock, they would have received better treatment for the disease and a lot more awareness.

Special thanks to George Carlin

Sapna, Ravinder, Vanessa is a member of our forum. She is a lawyer and runs a law firm. Google will not allow to run Google Ads because her Google account is not verified. Can you please explain what she needs to do to get her Google My Business page verified so she can run Google Ads. Vanessa and her husband Nick are very close friends of Alex Carlucci.

What is the purpose of a short sale of a home? What does it mean by a short-sale in real estate? Can you give a case scenario of a short-sale in real estate? Do real estate agents get paid on a short-sale? Can you go over several case scenarios of the short-sale real estate process? Can a person qualify for a new mortgage after they had a short-sale on a home? What do homebuyers need to know about short-sales? Risks and rewards of buying a short-sale home. Is short-sale bad for the homebuyer? Is it a good idea to buy a short sale house? What is the difference between a short-sale versus a foreclosure? What are the eligibility requirements on getting for a mortgage loan after a short-sale and foreclosure? What are the different loan programs I can qualify for and get pre-approved after a short-sale and foreclosure?

From my understanding, there are different types of FICO Models and every creditor uses a certain FICO Scoring Model. What FICO Model do Lenders Look at For FHA Loans? What FICO Model does FHA use? What is the most accurate FICO Score Model?

What does it mean by REOs?

Can you explain what LOX mean from my mortgage underwriter?

During his 2005 commencement speech at Stanford University, Steve Jobs talked about three personal anecdotes that illustrated some important points for the graduating class. These stories represent the things he wanted to work together on:

1. Connecting the dots

Key points:

Dropping out of college – six months after starting at Reed College, Jobs dropped out but continued to hang around campus and take classes that interested him.

Calligraphy class – although it seemed impractical at the time, taking a calligraphy class was integral in designing typography on the Macintosh computer.

Trusting your path – you can’t connect the dots looking forward; you can only connect them looking backward. Trusting that your future dots will connect down the line is what gives you hope even when it doesn’t make sense now.

Lesson: Have faith in yourself by following your curiosity, even if it seems irrelevant at present.

2. Love & loss

Key points:

Founding/firing from Apple – Starting Apple in his parents’ garage and getting fired from a company he built up were mentioned by Jobs.

Finding new passion(s) – Following those events, he found other projects (NeXT, Pixar) which eventually brought him back to Apple.

Importance of loving what you do – He said people should seek out what they love because work will consume most of their lives; and you can only be satisfied if you do great work believed in.

Lesson: Continue striving for success despite failure setbacks as this may open bigger doors later on.

3. Death

Key points:

Facing mortality – Being diagnosed with an uncommon form of pancreatic cancer made death more real for him than ever before, according to Job’s speech.

Living purposefully – Realizing life is short and not wanting to waste any more time living someone else’s dream or being confined by other people’s thinking after such an experience changed everything for him personally;

“Stay hungry. Stay foolish.” Afterward he concluded with this advice from the back cover of the final issue of The Whole Earth Catalog, which urged people to never stop being curious and settling down in their lives.

Lesson: Recognize life’s impermanence so you can focus on what really counts – continual growth and learning.

In summary

Steve Jobs’ three narratives from his commencement address share these collaborative themes:

Trust the process – stay curious even when there isn’t a clear path ahead.

Follow your passion – don’t give up on what you love because setbacks are stepping stones to better opportunities.

Live purposefully & urgently – embrace change as a necessary part of growth while staying curious all through life about everything around us.

These ideas collectively encourage individuals to trust themselves, work hard at what they are passionate about and live intentionally with curiosity every step of the way.

Here’s Steve Jobs inspirational commencement speech.

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• This discussion was modified 9 months ago by  Gustan Cho.

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3,9 jt tayangan · 1,5 rb komentar | The story of this man is so inspiring and worth listening to. He changed his story by the action he took in difficult times, change yourself listen and... | By Barka U. MsheliaFacebook

The story of this man is so inspiring and worth listening to. He changed his story by the action he took in difficult times, change yourself listen and...

What is the purpose of TRID? What is TRID in the Mortgage Loan Process? What Are The Requirements of a TRID Loan? What Are The 6 TRID REQUIREMENTS? WHAT ARE THE RULES FOR TRID COMPLIANCE?

How does disability affect relationships? Can disabled and unattractive men have a romatic relationship with beautiful gorgeous women? Do beautiful women find disabled and handicapped men attractive? How do you deal with a disabled partner? Can you still have a romantic and lifelong relationship if your spouse becomes disabled? Would you marry a disabled man and not laugh at his handicap? What do others think about a disabled man married to an attractive woman? Women who have been marrying unattractive high status men since forever. Here is a video about six disabled people who married beautiful women.

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• This discussion was modified 9 months ago by  Gustan Cho.

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2,1 jt tayangan · 34 rb tanggapan | 6 Disabled People Who Married Beautiful Women | 6 Disabled People Who Married Beautiful Women | By Wow StoryFacebook

6 Disabled People Who Married Beautiful Women

Inspirational story on how dreams can come true 👍 How dreams comes true. Immigrant family moves to the United States and parents hold menial jobs with a son making ends meet. Son is talented in basketball and makes it to the the NBA and buys parents a new house. Son had a friend who believed in him and gave him rides to basketball practices throughout his friendship and son buys friend a brand new car. Inspiring story.

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• This discussion was modified 9 months ago by  Gustan Cho.

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Rich Kid Makes Fun Of A Poor Immigrant Boy | By Dhar MannFacebook

Rich Kid Makes Fun Of A Poor Immigrant Boy | By Dhar MannFacebook

Many hard-working people are putting their hard-earned money away in the bank. Consumers do not trust the banks and the dollar. The dollar is losing its value as time pass. One dollar today will be worth half its value in the next few years and keep deteriorating to become worthless. The dollar is not backed by anything. The globalists such as the Rothschilds, Rockefellers, Bushes, and Democrats control the Feds and print money whenever they need. So what is the average hard-working American should do to protect their assets? Buy Gold and Silver. Silver in the low $20 per ounce is a screaming buy. Do not buy paper silver. Buy the actual silver bars. The Globalists are shorting the living shit out of silver because of fear. You will not go wrong. Get all of your money in silver or Gold. Silver will go to over $1,000 per ounce. We will keep this thread ongoing.

Online users are more inclined to click on organic search results than paid Google Ads and other paid advertisements. To maximize getting organic traffic from SEO, you need to create content that benefits users with strong keywords on a high domain authority website, online communities, and forums. However, Google updated its search engine algorithm recently where online communities and forums with high domain authority have a lot more SEO power versus blogs from websites. The reason behind this is there is only one authority (the blog author) that has full control on blogs and once the blog is published, it become aged content. However, on online communities and forums, the author of the topic on the FORUM posts the topic (Keyword and/or Keywords) and publishes the content. As the time pass, you have participants to the post you posted. Each time a user posts a reply, feedback, and adds content to the original post, the content becomes updated content and benefits the community. Therefore, Google and other search engines will give higher domain and page authority on forums versus blogs. This does not mean that you should not keep your website and continue posting blogs. Blogs is the foundation of you increasing your domain and page authority of your website. However, it takes longer and time to create and build a website with a solid foundation. Use online communities, and forums to compliment your website and become guest writer on other high domain authority websites with a do-follow back link to one of your articles. Forums are great in building do-follow back-links. We will continue more on this important SEO tool so you brand yourself and have Google and other search engines to recognize you as an authority in your field and not spam.

• This discussion was modified 9 months ago by  Gustan Cho.
• This discussion was modified 7 months, 2 weeks ago by  Sapna Sharma.

I posted on the forum some months ago, and on other social media, an article on Gustan Cho and Associates. How we met and the process of applying for a mortgage. I also explained how his team waded through misinformation on my wife’s and my credit rating. His diligent help secured us a mortgage on a new home in Ocala, Florida. Ocala is centrally located in the middle of the state, an hour and a half drive to the Gulf of Mexico and the Atlantic Ocean. We escaped the traffic and all the new arrivals in Tampa. This may be the last toe hole in Florida that is very nice and affordable. Gustan Cho was able to get us a very reasonable home mortgage and insurance, which we bundled and saved more money on.

The interesting thing about Gustan Cho and his team is that their values extended past the signing of our loan. He researched lower rates, and one week before closing, he had us reapply for the mortgage. A very scary situation with the closing the week later. He streamlined the loan, and we were giving a mortgage at a lower rate—1.75% lower—a huge savings each month. His business mantra, which I explained in my first article, held true even after closing.

His concern for people is something you will never find in a clause in a contract.

As of today, Gus is constantly looking for a lower rate. When the rate goes down and there is equity in the home, it might be time to refinance. If so, Gustan Cho is on it.

The entire moving process is extremely stressful, to say the least. Starting with the mortgage, then home owners insurance, not to mention the dozen or so phone calls for change of address and medical coverage. We moved 100 miles away from Tampa, and we are in a whole new PPO medical insurance district. All the prior information given has to be re-given. The insurance company must explain each and every plan; after two hours of nonsense, we had the same medical plan as before. I swear the phone calls, automatic messages, and the AI giving advice were the most stressful.

All the horror stories about moving are true, and for the most part, my wife and I were very fortunate. Starting with a wonderful real estate broker, who, as Gus, looked out for our best interests. I always wondered who a real estate broker works for. They need the house and the owner to sell the home, and then they also need the buyers.

The moving company was exceptional. We called four for quotes, and ironically, the one we chose was the least expensive. They arrived at 10 a.m., two trucks and seven guys. The packing of our items was handled with great care. The bubble wrap they used was close to two miles long! Nothing was damaged; they needed an additional truck at no charge; they kept to the quote on the contract; there was no small print to trip you up. When the ordeal was completed, moving everything in and arranging what and where we wanted items, it was 11 p.m. A hard day’s work. The work ethic with these guys was amazing!

Other nightmares you may have heard or experienced for yourself were about builders. We have friends who had a $400,000 home built. There were dozens of issues with plumping, electrical, etc.; calls were placed and never returned; they have been pursuing the builders for over a year. Our builder’s assistant has been over every day for the first week, fixing minor things that occur normally with a new home and keeping true to the home warranty. Each worker, and sometimes three workers at a time, showed up respectful of our home and continuously apologized for the inconvenience.

If you need a real estate broker in Florida, get in touch with new homes on a quarter acre for right now under $280,000! The same is true for an outstanding mortage guy. If your need is movers in Florida, let me know. I will be more than happy to pass on information that will make your Florida move actually pleasant.

What happened last week that mortgage rates are plummeting. The 30-Year Treasuries dropped to 3.8% which tanked mortgage rates on government loans from 7.0 to 6.0%. 30-year U.S Treasuries were as high as near 5.0% just a few weeks ago. Gold increased to over 2,500 per ounce which is a historic high. Silver did not follow gold prices because banks were short selling Silver like crazy because banks and the Globalists have a huge short position and are afraid of getting margin calls on their Silver short positions. What economic numbers came out that caused the financial markets upside down? Will mortgage rates continue to plummet? Will it be beneficial to refinance now? How about doing Streamline Refinance on FHA and VA Loans? If I do an FHA or VA Streamline Refinance loan, can I do another FHA Streamline or VA Streamline Refinance loan if mortgage rates drop again? What are rates on conventional loans?

What is appraisal fraud.

https://youtu.be/3r5LURDt7lA?si=9ah5tjSYqG40TDbb

What is the difference between FHA AMENDATORY CLAUSE and VA AMENDATORY CLAUSE?

• This discussion was modified 8 months, 4 weeks ago by  Sapna Sharma.

Starting August 17th, 2024, homebuyers need to sign a Buyer’s Purchase Agreement with a Buyers Real Estate Agent stating the homebuyers will pay the homebuyers real estate agent. Starting August 17, 2024, homebuyers must enter into a written agreement with their buyer’s real estate agent before seeing a house. This is part of the settlement agreement with the National Association of Realtors (NAR), which aims to make this relationship more transparent and formal between buyers and agents.

Key Points About the New Requirement:

Written Agreement:

Before touring homes in person or online, homebuyers must sign a Buyer’s Purchase Agreement with their realtor. The document outlines the agent’s services and how they will be paid​.

Compensation Disclosure:

An agreement should clearly state what compensation the real estate agent representing the buyer will receive. This happened indirectly through the MLS (Multiple Listing Service), which often showed seller compensation offers to buy agents​.

No More Compensation Offers in MLS:

The new rules ban real estate listing offers for compensation in MSL listings. This means buyers and their agents must negotiate directly without involving a third party like the MLS​.

What It Means for Home Buyers and Agents:

More Transparency: Clients now know exactly what service and costs are involved from their agency.

Formalized Relationships: Such requirements establish a more professional working relationship between clients and agencies, leading toward accountability on both sides

Flexibility in Terms of Agreement: Agents can offer different provisions, such as exclusive vs. non-exclusive agreements and contract duration, among others, but compensation should always be objectively ascertainable”​.

https://youtu.be/W_kvg5ciM4Q?si=SFeViOXta8k2QJU5

• This discussion was modified 9 months, 1 week ago by  Gustan Cho.