How Prepayment Penalties work for DSCR Loans?

Does anyone know what non-qm lender can do a Cash-Out Refinance in Texas to buy out Chapter 13 Bankruptcy? The borrower has a VA loan now and would like to do a VA cash-out Refinance, but Texas has those crazy rules: you cannot do cash-output Refinance on government loans. Thank you.

My husband has outstanding collection accounts. Over 95 percent outstanding collection accounts on his credit report are medical collections. We have spoken to several mortgage companies and they said the medical collections need to be paid off because they treat medical collections the same as non-medical collections. These medical collections is what is keeping his score low and therefore they turn us away and reccomend debt consolidation companies to us. I have read FHA loans treat medical collections differently and so far I find it untrue. What is true in this case? I am beyond frustrated by this. It is cheaper to have a mortgage than rent in my area and it’s time for us to buy but we have this barrier.

• This discussion was modified 3 months, 3 weeks ago by  Gustan Cho.

What factors should I consider when buying a primary home?

How do I determine my budget for a primary home?

My spouse have a sealed theft conviction will this prevent her from getting a LO license?

What are the risks associated with No-Ratio DSCR Loans?

What types of mortgage loans are one-time close loans? Do they have FHA, VA, USDA, and Conventional OTC Loans or are OTC loans portfolio or non-QM loans? How do One-Time-Close Loans work? How to decide between a One-Time Close or just a regular conventional loan?”

• This discussion was modified 4 months ago by  Gustan Cho.

What are the benefits of OTC New Construction Loans?

Can I qualify for an FHA loan after filing bankruptcy?

• This discussion was modified 3 months, 4 weeks ago by  Sapna Sharma.
• This discussion was modified 3 months, 3 weeks ago by  Sapna Sharma.

How do jumbo loans differ from conventional loans?

Is Seller Financing the Same Thing as Rent to Own?

How do I determine the purchase price in a rent-to-own deal?

The very touching and sad tale of Tommy the Alsatian and his owner, Maria Margherita Lochi, occurred in a small village called San Donaci in southern Italy. Here is their story in detail:

Connection:

57-year-old Maria Lochi adopted Tommy as a puppy when he was a stray. They became inseparable over time. Maria had taken in many strays since she was known for her love for animals, but there was something special about Tommy.

Church Attendance:

Every day, Maria would walk to mass at the Santa Maria Assunta village church, which Tommy would always follow. Father Donato Panna, the priest, let him sit quietly by her feet during services.

Maria’s Death:

Maria died in November 2012, and her funeral took place at the church where she used to go regularly.

Tommy’s Vigil:

Tommy began showing up at the church every day after Maria died whenever the bells rang for mass. He would sit silently where he sat with her during services until she died. He continued this behavior month after month following her death.

Community Response:

The villagers were touched deeply by how loyal Tommy remained even after his owner passed away; they often brought food and water for him so that he could keep waiting there without starving or dehydrating himself while still being cared for.

Father Panna’s Role:

Father Donato Panna found himself particularly moved by what seemed like an unbroken commitment displayed on behalf of this creature towards its deceased master.“He still comes to mass each morning even though she is no longer here,” said the father. He waits patiently beside the altar railings and then just sits down quietly there. I didn’t have the heart to chase him away—I’ve only just lost my own dog, so I let him stay till the end of service before letting him out.”

Adoption:

Eventually, Father Panna decided that seeing as how faithful tending never could find another place to call home except near church, where memories about Maria seemed strongest, it would be best if he himself adopted him instead, giving opportunity for this poor animal to remain without any roof over his head at all hours but one closest to his owner’s memory.

Community Impact:

When Tommy’s story hit international headlines, it moved the locals and people worldwide. It was a powerful illustration of the deep relationship between humans and animals and how those bonds continue even after death.

Legacy:

In canine loyalty discussions and examples showing the depths of animal feelings, Tommy’s tale has been used since then. It is often mentioned during debates on whether or not creatures grieve. Also, if they do, what is duration supposed to mean exactly?

Here is a heart breaking story of Tommy the German Shepherd dog who kept on coming to church every Sunday after his owner Maria passed. The priest eventually ended up adapting the homeless loyal German Shepherd dog, Tommy.

https://www.facebook.com/share/v/o2E4cbXkBPvg67vv/?mibextid=NqTh7c

• This discussion was modified 5 months, 3 weeks ago by  Gustan Cho.

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Dog Refuses To Leave The Church, Then The Priest Checks The Camera And Sees A Strange Sight | Dog Refuses To Leave The Church, Then The Priest Checks The Camera And Sees A Strange Sight | By Engineering & ScienceFacebook

Dog Refuses To Leave The Church, Then The Priest Checks The Camera And Sees A Strange Sight

Most Americans are aware that many people from different walks of life hate former President Donald Trump. I have never witnessed the hatred people can have against one person. I will try to keep the tone of this post as objective and neutral as possible and base the content on FACTS. I want to compare which candidate is the best leader as President to be the Commander in Chief of the United States. Suppose you can focus on facts and comment on which candidate will be the best President in the best interest of America and the people of the United States so we remain the leader of the free world 🌎. In that case, we can Unite our country and get back to being Americans with one goal in mind: What’s best for our livelihood, the livelihood of our children, the livelihood of our grandchildren, and the livelihood of our future generations? The way our country is divided and the hatred that exists is not healthy. It’s more of a crisis and equivalent of stage 4 cancer. More and more Americans are beginning to speak out and not remain silent. Nobody is above the law. Not Trump, Not Biden, Not Kamala Harris. We don’t have to like or love Trump. However, take a step back and compare Joe Biden, Kamala Harris, and Donald Trump. Who is the best man for the job? Who’s the man who can get us out of the rathole we are in? Who is the man who can get rid of the lying, corrupt, and politically infested system that is destroying America 🇺🇸? Let’s get a thread on your thoughts and opinions on making America a country that the entire World would envy. Let’s brainstorm and become a country of the people. A country of honesty, integrity, pride, honor, and the country helping and caring for people. Let’s decimate corruption, fraud, Treason, and criminals who commit crimes against humanity.

https://youtu.be/IxLRdE5kOkU?si=YIHoVsKn9IXECYaU

https://youtu.be/IxLRdE5kOkU?si=YIHoVsKn9IXECYaU

What type of loans are available for multi-family properties?

What credit score model do mortgage lenders use? Is VantageScore so much higher than FICO? Do Mortgage Lenders Check FICO or Vantage? For the majority of lending decisions do most lenders use your FICO score? And which type of FICO score? FICO 2, 4, 8?

How far off is VantageScore from FICO? What FICO or Vantage Score Model does FHA, VA, USDA, FANNIE MAE, FREDDIE MAC, and Non-QM mortgage loans use? What is a good FICO score to get a mortgage?

• This discussion was modified 4 months, 1 week ago by  Gustan Cho.

What are the requirements for securing a manufactured home loan?

Good morning, folks. Does anyone know about HUD, FANNIE MAE, and Freddie Mac suspending income-based repayment on FHA and Conventional loans? I heard you can no longer use IBR payments because IBR is getting sued. From my understanding, our borrowers can only use 0.50% of the outstanding student loan payment for debt-to-income ratio calculations. Appreciate any feedback. Seems most wholesale account executives and underwriters do not know about this either. Thank you in advance.

How can I accurately assess the potential profitability of a property before purchasing it?

How Does a Credit-builder Loan Work?

Which property will be better for me ready to move in or under construction?

What scoring model is the Credit Score Simulator based on?

A wildfire recently broke out near me in Orange County, and I could see the giant smoke plume from my place in Irvine for several days. It reminded me just how real the threat of wildfires can be here in California. If you’re not from the area, you’ve probably at least seen all the news about wildfires across the state.

While wildfires are something to be mindful of, there are plenty of ways to lower the risks—especially for homes in fire hazard zones. If you’re looking to buy a home, it’s good to understand where these zones are and what steps you can take to keep your property safer. Not all homes are at the same level of risk, but knowing about these zones can help you make more informed decisions.

What Is a Wildfire Zone?

Certain areas in California are marked as “Fire Hazard Severity Zones.” This means the area has a higher chance of wildfires because of things like weather, dry vegetation, and terrain. You might expect these zones to be mostly in rural places, but even some urban neighborhoods are at risk. Knowing if a house is in one of these zones is key.

Important Things to Know as a Homebuyer:

1. Check the Fire Risk: Before you get too excited about a house, find out if it’s in a high-risk wildfire zone. You can check using CAL FIRE’s map or ask your realtor for more information. This will help you understand what extra steps, like special insurance, might be needed.
2. Get the Right Insurance: Not all homeowner’s insurance covers wildfire damage, especially in high-risk areas. You might need to add more coverage to fully protect your home. Also, homes in wildfire zones usually come with higher insurance premiums, so keep that in mind when budgeting.
3. Look for Fire-Resistant Features: Some homes are built using materials that can resist fire, like concrete or metal roofs. When viewing homes in wildfire zones, ask about the building materials and whether the owner has made any upgrades to improve fire safety.
4. Defensible Space Around the Home: One way to help keep a home safe from wildfires is to have “defensible space.” This means keeping the area around the house clear of things like dry brush, dead leaves, or other stuff that can easily catch fire. When you’re checking out homes, see if the current owner has kept up with this—and be ready to do the same if you move in.
5. Community Efforts Matter: Some neighborhoods have strong community efforts to reduce wildfire risks. They might have a fire-safe council, evacuation plans, or firebreaks in place. Living in a community that takes fire prevention seriously can make a big difference in reducing your overall risk.
6. Be Ready for Evacuations: If you buy a home in a wildfire zone, there may be times when you have to evacuate, especially during fire season. It’s a good idea to learn the local evacuation routes and be prepared in case you need to leave quickly. This is especially important if you have pets or kids.

The Bottom Line

Buying a home in a wildfire zone doesn’t have to be a dealbreaker—but you do need to make sure you’re fully informed. Things like having the right insurance, keeping defensible space, and being ready for emergencies can make a big difference in staying safe and protecting your home. Staying aware of the risks and taking precautions can help you feel confident in your home-buying decision.

Have more questions about buying in these areas? Feel free to reach out—I’d be happy to help guide you through the process!

https://chadbushre.com/

Is the FHA 203K rehab loan product available only for those looking to living in a house, or is it also available for those looking into investment properties?

Need Insurance on 2004 Redmond 24×80. on slab built new, Lucedale MS.

How long does Commercial Loan Officer training usually take?

I built my last start up 14 years ago and I am rusty. I am building credit for a new startup now. Company was formed 4 years ago and was in hybernation. I am making it come alive and start operations now. My questions

Traditional Business Credit building suggests to start with Net 30 accounts. Right now I have 3 charge accounts that are going to start reporting. I possibly can get 2 more charge accounts.

Should I go back and try to get 2 or 3 net 30 accounts or should I just pass the stage of net 30 accounts and move on?

How many tradelines need to be reporting and how many months before we start seeing the scores and paydex calculated and reported?

Here’s a few pics and videos of Chase.

https://www.facebook.com/reel/1128964241712575?mibextid=9drbnH

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Gustan Cho on Reels | Glen Campbell · Rhinestone Cowboy (Extended Version)

Glen Campbell · Rhinestone Cowboy (Extended Version)

wanted to inquire about an issue I’m experiencing with my DU approval. Guy changed jobs after 4 plus years. In May and July changed again. Back at original job. had initially received DU approval, but after adding a modular home to the equation, there seems to be a problem. He does not have a lot of credit, so I assume needed to add tradelines.

The DU findings state:

• “This case is ineligible because the loan amount of $168,875 exceeds the FHA maximum loan calculation of $160,190.” *

Could you please clarify what steps I can take to address this issue or how we can adjust the loan amount or any other factors that may be affecting my eligibility? I appreciate your assistance in resolving this matter.

Thank you for your time and help.

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