[Gustan Cho]

Homebuyers can qualify for a jumbo loan after foreclosure or bankruptcy with non-QM jumbo loans.

Here is an informative article about non-QM jumbo loans after bankruptcy and foreclosure.

Qualifying for a jumbo loan after bankruptcy in Florida, or any other state, can be challenging, but it’s not impossible. Here are some steps you can take:

1. Rebuild Your Credit: Your credit score plays a significant role in qualifying for a jumbo loan. After bankruptcy, focus on rebuilding your credit by making timely payments on any existing debts, such as credit cards or car loans. You may also consider getting a secured credit card or a small personal loan to establish a positive payment history.

2. Save for a Larger Down Payment: Lenders may require a larger down payment for jumbo loans, especially if you have a recent bankruptcy on your record. Saving up a substantial down payment demonstrates to lenders that you have financial stability and are less of a risk.

3. Demonstrate Stable Income: Lenders want assurance that you have a steady source of income to repay the loan. Provide documentation of your employment history, including pay stubs, tax returns, and any other sources of income. If you’re self-employed, you may need to provide additional documentation, such as profit and loss statements or business tax returns.

4. Wait for the Waiting Period to Expire: There’s typically a waiting period after bankruptcy before you can qualify for a jumbo loan. This waiting period varies depending on the type of bankruptcy you filed (Chapter 7 or Chapter 13) and the lender’s specific requirements. Generally, you may need to wait at least two to four years after a Chapter 7 bankruptcy and at least one to two years after a Chapter 13 bankruptcy.

5. Work with a Knowledgeable Mortgage Broker: Mortgage brokers can help you navigate the complexities of obtaining a jumbo loan after bankruptcy. They have access to multiple lenders and can help you find one that’s willing to work with your specific financial situation.

6. Consider Non-Traditional Lenders: Some non-traditional lenders may be more flexible in their lending criteria compared to traditional banks. However, be cautious of higher interest rates and fees associated with these lenders.

7. Improve Debt-to-Income Ratio: Lenders typically prefer borrowers with a low debt-to-income ratio (DTI). Paying down existing debts or increasing your income can help improve your DTI ratio and increase your chances of qualifying for a jumbo loan.

8. Seek Professional Financial Advice: Consulting with a financial advisor or housing counselor can provide valuable insights into your specific situation and help you develop a plan to improve your financial health and qualify for a jumbo loan.

Remember that every lender has its own eligibility criteria, so it’s essential to shop around and compare offers from multiple lenders to find the best terms and rates for your jumbo loan.

https://gustancho.com/jumbo-loans-after-foreclosure/

gustancho.com

Jumbo Loans After Foreclosure With No Waiting Period Requirements

Jumbo Loans After Foreclosure: Gustan Cho Associates now offers Non-QM Jumbo Loans with no waiting period requirements with 90% LTV

[Gustan Cho]

Thank you, Sapna.

[Gustan Cho]

Dino Hasapis, I am going to cover more about dually licensed realtor and loan officer career opportunities

https://www.gcamortgage.com/realtor-mlo-career-opportunities/

[Gustan Cho]

Thanks Dino for your insight to this shakeup changes in real estate agent compensation. I think great experienced realtors are underpaid. They don’t get compensation until the deal is closed. All the above expenses adds up. You need to take into account gas expenses, auto expenses and the biggest expenses are payroll, rent, and marketing. Realtors can kill it by becoming dually licensed realtor and loan officers and target 50 states and becoming referral realtors in states out of their driving distance.

[Gustan Cho]

Content is KING when trying to create a website or landing page become viral and thousands of organic leads. Here is a good informative video about the importance of content. Here are some tips to help create a website or online forum that can potentially go viral:

1. Offer Truly Unique and Valuable Content The key to virality is creating something that people can’t get anywhere else. Do extensive research in your niche to identify gaps, pain points, or insights that are underserved. Provide information, tools or resources that fill this need in a fresh way.
2. Design for Engagement Structure your site/forum to encourage interaction through commenting, sharing, upvoting and discussion. Use gamification like points/badges. Make the experience sticky and rewarding.
3. Optimize for Discovery Ensure your site loads quickly, is mobile-friendly and follows SEO best practices so it shows up in searches for relevant topics. Use keywords strategically.
4. Seed Initial Growth Promote aggressively at launch across social platforms, relevant communities, influencers, ads etc. to build that critical initial user base.
5. Encourage Sharing Incorporate share buttons, create visually shareable content like infographics/videos, and incentivize users to invite their friends/networks.
6. Spark Conversation Post thought-provoking polls, questions or contrarian viewpoints that compel people to discuss and debate. Controversy can spread things rapidly.
7. Leverage Trends Keep an eye on emerging trending topics, news, memes etc. and quickly create timely, relevant content that capitalizes on that buzz.
8. Foster Community Celebrate power users, build a strong internal culture, interact directly with members and make them feel invested in the site’s success.

While going viral requires some luck, focusing on creating truly amazing, sharable content for an engaged community gives you the best chance. Consistent quality and virality strategies are key.

https://www.youtube.com/watch?v=1SQlQGAxSOw

youtube.com

I Found 3 FREE Ways to Get TONS of Traffic to Any Website.

No matter how creative your website is or how informative and relatable your contents are, it means nothing when no one is visiting your website. There's not...

[Gustan Cho]

Content is king when it comes for your website, social media pages, and online message boards (FORUM). Here are some tips to help make an online forum go viral:

1. Create Extremely Engaging Content The key is to have content that really resonates with your target audience. Pose thought-provoking questions, share insider tips/secrets, or offer expert advice that provides massive value. High-quality, can’t-miss content will keep people coming back and sharing.
2. Encourage Interaction An active community is crucial. Motivate members to post, comment, and engage with each other’s content. You can gamify the experience with rewards, achievements, or recognition for top contributors.
3. Leverage Existing Communities Identify major online communities (Reddit, Facebook Groups, etc.) where your target audience hangs out. Become an active, valued member by participating genuinely. When appropriate, share your forum’s top content to drive new members.
4. Initiate Controversies A little safe controversy can drive heated debates and interest. Play devil’s advocate, challenge assumptions, or discuss polarizing but relevant topics to your niche.
5. Optimize for Search Make sure your content and forum structure is SEO-friendly so people can easily find it when searching online for topics in your niche.
6. Promote Across Platforms Have a cross-platform promotion strategy utilizing your website, email lists, social media, ads, influencer marketing and more to continuously drive awareness.
7. Go Multimedia Posts with images, videos, infographics, etc. tend to be much more engaging and shareable than text-only content.

The biggest factor is consistently creating content that genuinely excites your target community. If you can build an avid following of loyal, active members, the viral growth will follow.

Here is a informative video about FORUMS

https://www.youtube.com/watch?v=OB0aJaDGijo

[Gustan Cho]

Seems like Jamie Dimon is becoming more realistic and steering away from. The left side liberals and telling real news

[Gustan Cho]

Brent, Dr. T. went into contract. $669,000 purchase price. Justin file is getting submitted.

[Gustan Cho]

Great goal, Jimmy. At some point in my life I like to buy a second home in Mars.