Loan Officer Gustan Cho
Loan OfficerForum Replies Created
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Mortgage Rates are out of control. I know a lot of Loan Officers from various companies and this is no joke. Top producers have nothing in their pipelines. Zero. Mortgage company owners are running in the red. Rate correction is long overdue but rates are going up and up. This is destroying the economy and will destroying the financial markets. Never seen such a fucked up economy like now. Democrats and Globalist are trying very hard with depolulating the world 🌎 and printing money. The currency model needs to change. Currency needs to be backed by precious metals, the Fed needs to be destroyed, the Biden crime family needs to get prosecuted and jailed.
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I like Lee Greenwood. Is he your neighbor? Do you have family in Tennessee? It doesn’t snow in Tennessee right? How is the weather? What type of things to do there? Great food? Restaurants?
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Canoeing is a lot of work and requires balancing act. It is very easy to tip over. The last time I canoed was in Boy Scouts when I was a kid.
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Colorado is beautiful. Very low property taxes. However. Extremely high home prices. Mike Gracz moved out to Colorado. Bought a house these right before the Biden Mortgage Rate hikes. Mike bought it $50,000 over list price. Close to $600,000. My parents sold their beautiful home in Tampa for $365 000 four years ago and purchased a one bedroom condo above a retail space and paid $450,000. Major rip off in my opinion.
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Amanda, WHY NEXA With CEO Mike Kortas is every Thursdays at 1 pm CDT. You should see it at least once because it is very informative. Lasts about two hours but you can see parts of it and see it the following week.
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Keith Hale, Dave Newbon, and Thomas Castillo should attend
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Property taxes should be disbanded and most of government services should be privatized. We definitely need government for compliance to enforce private companies. However everything from education, streets and sanitation, police, fire, should be privatized and contract winners should be based on merit and not political favors. Chicago is hands down the most corrupt city in the nation and jobs are based on political affiliations. Normal Joe’s can get hired as police officers but you need political support to get promoted and move up the ranks.
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I have originated and closed over one billion dollars worth of commercial loans that are mainly apartment buildings and complexes over twenty years. The commercial loans I originated are only my own personal investments. I know everything that needs to know about apartment buildings. Smallest unit I had was 6 units and largest units was 424 unit. Smallest apartment building loan I had was $600,000 and largest was $40 million. However, commercial lending covers a wide range of different fields that a program like Affiliated Financial Partners with Keith Goforth and Danny Vesokie not an option but a must. I am in the middle of talks with Keith Goforth and Danny Vesokie where loan officers at NEXA Mortgage will get a huge group rate from the retail program Affiliated Financial Partners has. Amanda, Felix, and I will sit on a demo on August 23rd to see what our thoughts are and if we all agree, we will endorse Affiliated Financial Partners for Lending Network, Gustan Cho Associates, NEXA Mortgage and AXEN Mortgage.
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Learned something from Amanda that’s very important. Tennessee has a Branch to residency distance requirement if you live outside Tennessee. However, the Branch to residency distance requirement is waived if you live in Tennessee. I did not realize that. Therefore, Amanda is tied to Oakbrook Terrace Illinois Branch and the Branch is licensed in Tennessee but the distance from Branch to her home does not apply since she is legal Tennessee resident.
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