[Gustan Cho]

Investment property jumbo loans with non-QM loans is becoming increasingly popular. One of our clients is renting out a $3 million dollar waterfront home for $15.000 per month with a one year lease. Waterfront home where the tenants are building their own home but will take one year for completion. Higher end homes are in demand for the rental luxury market nationwide.

https://www.youtube.com/watch?v=Oj0oD1wBcEA

[Gustan Cho]

Due to the many non-QM and non-conforming loan options in being able to use alternative income options, investing in investment and commercial properties have skyrocketed.

[Gustan Cho]

Consistency is key. If you just devote 30 minutes per day five days a week towards the approach Ravinder just stated, you will be amazed at the wonders the results will be in six months. It is like working out. Consistency.

[Gustan Cho]

Dustin, one of the best easiest credit unions is Mountainview Credit Union which is in Provo Utah. However they are not granting credit to loan officers until further notice

[Gustan Cho]

Thank you Sapna. Can you please mark sticky.

[Gustan Cho]

Thank you Ravinder. Very well said and to the point.

[Gustan Cho]

Mortgage Rates on commercial loans that have a 3, 5, or 7 year balloon payment are generally lower than a fixed rate mortgage or an adjustable rate mortgage. Larger commercial loans normally do not offer 15 to 30 year fixed rate mortgages.

[Gustan Cho]

Government and conventional owner-occupant primary home loans require the homebuyer be an owner-occupant on primary homes for at least one year. The homebuyer needs to occupy the home within six months of closing and live on the primary home for at least six months and one day out of the year and cannot use it as a rental for at least one year. Federal regulators such as HUD, the VA, the FHFA, and the CFPB as well as state regulators can do random checks to see whether the borrower committed occupancy fraud. Here is an article about occupancy fraud written by Eric Jeanette of American Home Financing

https://gustancho.com/owner-occupancy-fraud/

gustancho.com

Owner Occupancy Fraud And Guidelines In Home Mortgages

Owner Occupancy fraud is a serious crime and falls under mortgage fraud. A borrower cannot state it is a owner occupied property if it isn't

[Gustan Cho]

Too many unanswered questions about people dying suddenly without prior health issues

Whether it’s the COVID-19 Vaccine or coincidence nobody knows. However, more investigation should be considered