Loan Officer Gustan Cho
Loan OfficerForum Replies Created
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The minimum amount of flood insurance coverage that is needed by the lender for a property located in a flood zone in Utah is 100% of the replacement cost of the insurable value of the improvements
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For a high-cost mortgage loan in Utah, a pre-payment penalty is not prohibited from being included in the terms and conditions of the loan agreement.mIt cannot go beyond three years.
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DOES UTAH REASSESS PROPERTY EVERY FIVE YEARS?
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Alternative credit tradelines are credit tradelines that do not report on the credit bureaus, Felix. For example, electric, cable, cellular bills, rental payments, insurance payments, and other creditors that do not report on the credit bureaus but you have made timely payments in the past 12 months are alternative credit. If you have alternative credit, the loan processor will do a credit supplement and report it to the credit bureaus so it reflects like you have regular credit. EXPERIAN BOOST would be an example of alternative credit. Alternative credit is required for borrowers who are doing manual underwriting and do not have traditional credit tradelines. All alternative credit files are manual underwriting. Therefore, only VA and FHA loans are the only two loan programs besides non-QM loans that accept alternative credit tradelines. For example, if a borrower does not have a credit score, they would need alternative credit.
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Nice. How’s the weather been at this time. Hos about November, December, January, February months on the weather?
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These type of problems happy often.
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4-LEGGED DOGS🤠
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Unfreaking believable. 530 PM CDT and my Utah PLM exam is tomorrow and been so busy screwing around all day and not studying. Too late now to study. If I am gonna fail tomorrow, might as well enjoy my evening and go puppy shopping and screw around watch YouTube videos and be miserable and study and fail in the morning.
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German Shepherd or Rottweiler will be my next puppy of choice. Want a huge head German Rottweiler with docked tail and stumpy legs. Or large German blood line German Shepherd big boned with huge head median or long coat black and red or black and tan. Prefer males and would use them as my buddy and take him everywhere I go.
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