Forum Replies Created

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    Gustan Cho

    Administrator
    November 2, 2023 at 7:28 pm in reply to: 100% LTV ACQUIISITION and RENOVATION COMMERCIAL LOANS

    Can you please get together with Felix later today concerning a $1.2 billion development real estate deal in Costa Rica 🇨🇷. Ocean front and waterfront 600 acre deal.

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    Gustan Cho

    Administrator
    November 2, 2023 at 7:24 pm in reply to: 100% LTV ACQUIISITION and RENOVATION COMMERCIAL LOANS

    Phenomenal great product

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    Gustan Cho

    Administrator
    November 2, 2023 at 4:55 pm in reply to: Mortgage Rates

    Thanks for sharing the news. Seems like a break and light at the end of the tunnel. By the way, Ronda Butts has a developer client who owns the land ready to build. Can you please introduce Lorentino to Ronda or contact Ronda. It’s a ongoing client.

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    Gustan Cho

    Administrator
    November 1, 2023 at 5:51 pm in reply to: Credit Repair Companies

    Lisa, perfect timing. GCA Mortgage Group is going to endorse and enter into a preferred referral partner agreement with The Credit Couple for credit repair, credit rebuilding, and credit restoration services for our residential and commercial loan borrowers. I had a two hour teleconference call with Amber Woodard, President and co-owner of The Credit Couple this morning and we are in talks of entering into a endorsement arms-length transaction referral partnership program with The Credit Couple. Amber Woodard will be doing due diligence on Gustan Cho Associates dba of NEXA Mortgage and Amber and I are going to regroup throughout the day into the rest of the week. We both like what was covered in this morning’s conference call. Amber Woodard is a former full time teacher and professor at the university level and takes her career in helping people rebuild and re-establish credit seriously. We are trying to work an infrastructure where we can streamline the credit prep programs for our clients, realtor partners, and loan officers on this forum as well as our websites. Please stay tuned.

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    Gustan Cho

    Administrator
    October 31, 2023 at 2:44 am in reply to: DSCR CASH-OUT REFINANCE LOANS

    Eric, I know you build condominiums. Without the land cost, how much can you build a multi-family building for. More interested in a two to four unit multi-family.

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    Gustan Cho

    Administrator
    October 31, 2023 at 2:43 am in reply to: Reasons Why about Shpukd Use Chold Lock If You Have Kids

    It is a meme from Facebook.

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    Gustan Cho

    Administrator
    October 31, 2023 at 2:40 am in reply to: NON-QM QUESTIONS & FAQ’s FROM AN AE’S POV

    I have a lot of work to do on my home. But my first mortgage is 3% and I don’t want to touch the $331,000 first mortgage. I would get a second mortgage to do the renovation.

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    Gustan Cho

    Administrator
    October 31, 2023 at 2:36 am in reply to: Va Loan with 500 credit score

    I think you can get an exception on FHA but do you think you can get an exception on VA loan if the wife is not a veteran?

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    Gustan Cho

    Administrator
    October 31, 2023 at 2:37 am in reply to: DSCR CASH-OUT REFINANCE LOANS

    That is correct. It is called a no-ratio DSCR loan. Rates are higher and loan-to-value is 75% LTV.

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