Loan Officer Gustan Cho
Loan OfficerForum Replies Created
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The team at Gustan Cho Associates realized how important it was to have a national online mortgage and real estate FORUM for consumers, real estate, and mortgage professionals. We have spent tens of thousands of hours. The founders and managing managers of GCA Forums have invested years in creating and launching GCA Forums and its Sub-Forums.
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. Besides the mass-growing viewers from homebuyers and borrowers who could not qualify for a mortgage at other lenders, over 30% of our viewers on Gustan Cho Associates are loan officers, real estate agents, or third-party professionals in the housing and mortgage field.
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Mortgage underwriters of bank statement mortgage loans use non-traditional ways of calculating qualified income, unlike lenders of traditional government and conventional loans.
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Bank statement mortgage loans benefit self-employed and business owners who cannot qualify for a mortgage using traditional adjusted gross income from their business income tax returns.
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Can you qualify for jumbo loans with bad credit?
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What are mortgage rates on jumbo mortgages versus traditional conforming home loans?
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Without Fannie and Freddie, lenders would not be able to originate and fund mortgage loans with a low down payment at competitive rates and favorable terms. The housing market would not be as stable as it has been in the past 50 years without Fannie Mae and Freddie Mac. In the following paragraphs, we will cover conventional loans and how the conforming mortgage loan process works.
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Without Fannie Mae and Freddie Mac, housing prices would not be at a stabilized value like it has been for decades. Fannie Mae and Freddie Mac are part of the federal government, nor is it backed by government agencies like FHA, VA, and USDA loans. The two mortgage giants are government-sponsored enterprises (GSEs), the two largest purchasers of mortgage-backed securities. Fannie Mae and Freddie Mac will purchase mortgage loans from private lenders to keep liquidity in the mortgage markets.
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Fannie Mae and Freddie Mac are the two mortgage giants in the nation in charge of buying mortgages on the secondary market. Without Fannie Mae and Freddie Mac, mortgage lenders would not be able to offer mortgage loans with low down payment at low rates.
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