Missouri is a state located in the Midwestern region of the United States. Its capital is Jefferson City, and its largest city is Kansas City. Here are some key facts and information about Missouri:

1. Geography: Missouri is known for its diverse geography, with the Ozark Mountains in the south-central part of the state and the Mississippi River forming its eastern border. The state is also home to numerous rivers, lakes, and forests.

2. Nickname: Missouri is often referred to as the “Show-Me State.” The origin of this nickname is not entirely clear, but it is commonly associated with a phrase used by Congressman Willard Vandiver in 1899: “I’m from Missouri, and you’ve got to show me.”

3. State Symbols: Missouri has several state symbols, including the state bird (Eastern Bluebird), state flower (Hawthorn), and state tree (Flowering Dogwood).

4. History: Missouri has a rich history and played a significant role in the westward expansion of the United States. It was admitted to the Union as the 24th state in 1821. During the American Civil War, it was a border state with both Union and Confederate sympathizers.

5. Major Cities: Besides Kansas City and Jefferson City, other major cities in Missouri include St. Louis, Springfield, Columbia, and Independence.

6. Economy: Missouri’s economy is diverse and includes industries like agriculture, manufacturing, healthcare, and transportation. St. Louis is known for its role in the beer brewing industry and as a hub for several major corporations.

7. Education: Missouri is home to several universities and colleges, including the University of Missouri, Washington University in St. Louis, and Missouri State University.

8. Sports: The state has a strong sports culture, with professional sports teams such as the Kansas City Chiefs (NFL), St. Louis Cardinals (MLB), and the St. Louis Blues (NHL).

9. Natural Attractions: Missouri offers various natural attractions for outdoor enthusiasts, including the Ozark National Scenic Riverways, Mark Twain National Forest, and the Gateway Arch National Park in St. Louis.

10. Tourism: Tourism is a significant industry in Missouri, with attractions like the Gateway Arch, Silver Dollar City amusement park, and the Missouri Botanical Garden drawing visitors from around the country.

Please note that this information is accurate as of my last knowledge update in January 2022, and there may have been developments or changes in Missouri since then.

My friend Bill Burger-King Whopper is in Puerto Rico 🇵🇷. Bill, how’s life in Puerto Rico?

“MISSISSIPPI” is a U.S. state located in the southeastern region of the country. It is known for its rich history, diverse culture, and natural beauty. Here are some key facts and information about Mississippi:

1. Capital and Largest City: Jackson is both the capital and the largest city in Mississippi.

2. Nickname: Mississippi is often called the “Magnolia State” because of the abundance of magnolia trees and flowers in the region. Another nickname is the “Biloxi State,” referring to one of its prominent cities.

3. Geography: Mississippi is bordered by Tennessee to the north, Alabama to the east, Louisiana to the south, and the Mississippi River to the west. It has a diverse landscape, including flat coastal plains along the Gulf of Mexico, rolling hills in the central region, and forested areas in the northern part of the state.

4. History: Mississippi played a significant role in the American Civil War, with battles like the Battle of Vicksburg having a major impact on the outcome of the war. The state has a complex history of civil rights struggles and was a focal point of the civil rights movement in the 1950s and 1960s.

5. Economy: Mississippi’s economy is diverse and includes industries such as agriculture (cotton, soybeans, poultry, and aquaculture), manufacturing, healthcare, and tourism.

6. Culture: Mississippi has a rich cultural heritage, particularly in music. It is considered the birthplace of blues music, and famous musicians like B.B. King, Elvis Presley, and Muddy Waters have ties to the state. Literature also has a strong presence in Mississippi, with authors like William Faulkner and Eudora Welty hailing from the state.

7. Education: Mississippi is home to several universities and colleges, including the University of Mississippi (Ole Miss) and Mississippi State University.

8. Landmarks and Attractions: The state offers various attractions and landmarks, such as Vicksburg National Military Park, Natchez Trace Parkway, Gulf Islands National Seashore, and the Mississippi River itself, which is an essential part of the state’s identity.

9. State Symbols: Mississippi has several official state symbols, including the magnolia blossom (state flower), the white-tailed deer (state mammal), and the mockingbird (state bird).

10. Sports: College football is immensely popular in Mississippi, with rivalries between teams like Ole Miss and Mississippi State drawing large crowds. The state also has a rich tradition in sports, producing many professional athletes.

Remember that this information is based on my knowledge as of November 2023, and there may have been developments or changes since that time.

Illinois is a state located in the Midwestern region of the United States. It is known for its diverse geography, including fertile farmland, rolling plains, and the bustling city of Chicago, which is the largest city in the state and the third-largest in the United States. Here are some key facts and information about Illinois:

1. State Capital: Springfield
2. Largest City: Chicago
3. Nickname: The Prairie State
4. Motto: “State Sovereignty, National Union”
5. Area: Approximately 57,914 square miles, making it the 25th largest state in the U.S.
6. Population: As of my knowledge cutoff date in January 2022, Illinois had a population of over 12.8 million people, making it the sixth most populous state in the country.
7. Geography: Illinois features a diverse landscape that includes fertile plains, forests, lakes, rivers, and the southern tip of Lake Michigan. The northern part of the state is characterized by the flat terrain of the Great Plains, while the southern part is more hilly and wooded.
8. Economy: Illinois has a diverse economy with a strong focus on agriculture, manufacturing, finance, and technology. Chicago is a major financial and business hub, home to the Chicago Mercantile Exchange (CME) and many Fortune 500 companies.
9. Education: Illinois is home to several prestigious universities and colleges, including the University of Illinois, Northwestern University, and the University of Chicago.
10. Landmarks: Illinois is known for its cultural and historical landmarks, including the Art Institute of Chicago, Millennium Park, Navy Pier, and the historic Route 66, which begins in Chicago.
11. Politics: Illinois has a history of political significance and has produced several U.S. presidents, including Abraham Lincoln and Barack Obama.
12. Transportation: The state has a well-developed transportation infrastructure, including major highways, airports, and a network of railways and waterways. O’Hare International Airport in Chicago is one of the busiest airports in the world.
13. Sports: Illinois is home to various professional sports teams, including the Chicago Bears (NFL), Chicago Bulls (NBA), Chicago Cubs and Chicago White Sox (MLB), and Chicago Blackhawks (NHL).

Please note that some of the information provided may have changed since my last knowledge update in January 2022. If you have specific questions or need more up-to-date information about Illinois, please feel free to ask.

Buying a house in Montana can be an exciting and rewarding experience, as Montana offers a unique blend of natural beauty, outdoor recreational opportunities, and a relatively low population density. Here are some steps to consider when buying a house in Montana:

1. Determine Your Budget: Before you start searching for homes, assess your financial situation and determine how much you can afford to spend on a house. Consider factors like your down payment, monthly mortgage payments, property taxes, and maintenance costs.

2. Research Locations: Montana is a large state with diverse landscapes and communities. Decide on the area or city in Montana where you want to buy a house based on your preferences, such as proximity to work, schools, outdoor activities, and lifestyle.

3. Work with a Real Estate Agent: Hiring a local real estate agent who is familiar with the Montana real estate market can be a valuable asset. They can help you find properties that match your criteria, negotiate on your behalf, and guide you through the buying process.

4. Get Pre-Approved for a Mortgage: Speak with a mortgage lender to get pre-approved for a mortgage loan. This will give you a better idea of your budget and make you a more competitive buyer when you find a house you like.

5. Start Your Search: Begin looking for homes that meet your criteria, whether online through real estate websites, local listings, or with the assistance of your real estate agent. Attend open houses and schedule private showings to see potential properties in person.

6. Make an Offer: When you find a house you want to buy, work with your real estate agent to make a competitive offer. Be prepared to negotiate with the seller, and consider including contingencies in your offer to protect your interests.

7. Conduct Inspections: After your offer is accepted, schedule a home inspection to identify any potential issues with the property. You may also want to consider additional inspections for things like radon or well water quality, depending on the property’s location.

8. Secure Financing: Finalize your mortgage financing by working closely with your lender. Ensure that you have all the necessary documentation and information to complete the loan application process.

9. Closing: Once all the contingencies are met and the financing is in place, you’ll schedule a closing date. At the closing, you’ll sign all the necessary documents and officially take ownership of the property.

10. Move In: Congratulations! After closing, you’ll receive the keys to your new Montana home. Plan your move and enjoy all that Montana has to offer.

Keep in mind that the Montana real estate market can vary by location and season, so it’s essential to stay informed and work closely with professionals throughout the buying process. Additionally, consider factors like property taxes, homeowner’s insurance, and ongoing maintenance costs when budgeting for your new home in Montana.

Buying a house in Maryland, like purchasing a home in any other state, involves a series of steps and considerations. Here is a general overview of the process:

1. Determine Your Budget:

   • Calculate how much you can afford for a down payment, monthly mortgage payments, property taxes, insurance, and other associated costs. Consider pre-qualifying for a mortgage to determine your budget more precisely.

2. Research the Market:

   • Research different areas in Maryland to find the one that suits your needs, taking into account factors such as location, schools, commute times, amenities, and safety.

3. Find a Real Estate Agent:

   • A qualified real estate agent with local expertise can help you find suitable properties, negotiate on your behalf, and guide you through the home-buying process.

4. Get Pre-Approved for a Mortgage:

   • Before you start looking for homes, get pre-approved for a mortgage to understand your borrowing capacity and strengthen your offer when you find a property you like.

5. Start House-Hunting:

   • Work with your real estate agent to identify potential homes that meet your criteria. Visit properties, attend open houses, and narrow down your choices.

6. Make an Offer:

   • Once you find the right property, work with your real estate agent to make a competitive offer. The seller may accept, reject, or counter your offer.

7. Home Inspection:

   • If your offer is accepted, schedule a home inspection to uncover any potential issues with the property. You can negotiate repairs or ask for a price reduction based on the inspection results.

8. Secure Financing:

   • Finalize your mortgage application and secure financing for the purchase. This typically involves providing necessary documentation and working closely with your lender.

9. Complete the Closing Process:

   • Work with a title company or attorney to handle the closing process, which includes signing all necessary paperwork, transferring funds, and finalizing the sale.

10. Take Possession of the Property:

    • Once the sale is complete, you’ll receive the keys to your new home. You may also need to arrange for utilities, insurance, and other post-closing responsibilities.

Additionally, in Maryland, there are some specific considerations you should be aware of:

• Property Taxes: Maryland has property taxes, and the rates can vary by county. Make sure to understand the property tax rates in the area where you plan to buy.

• Homeowner’s Insurance: You’ll need to secure homeowner’s insurance for your new property.

• Settlement Costs: Maryland has a transfer tax and closing costs that buyers typically pay. These costs can vary, so it’s essential to budget for them.

• State Laws: Be aware of any specific state laws or regulations that may affect your home purchase in Maryland.

It’s crucial to work with professionals who are experienced in Maryland’s real estate market, including real estate agents, lenders, and attorneys, to ensure a smooth and successful home-buying process.

We had rhe graet opportunity to have luck with Mat Grella, the President of NEXA Mortgage at Capital Grille in Schaumburg, Illinois on Tuesday. Great food, great discussions, great live entertainment by our three-legged canine colleague Alexander Carlucci, and just a great time. 👍 Thank you Mat.

Buying a house in New Mexico, like purchasing property in any other state, involves several steps and considerations. Here is a general overview of the process:

1. Determine Your Budget:

   • Calculate how much you can afford to spend on a house. Consider your income, expenses, and any available savings for a down payment.

2. Get Pre-Approved for a Mortgage:

   • Contact a mortgage lender or a bank to get pre-approved for a home loan. This will give you a better idea of the price range you can consider.

3. Choose a Real Estate Agent:

   • Hiring a qualified real estate agent can be extremely helpful. They can provide insights into the local housing market, show you properties, and negotiate on your behalf.

4. Start House Hunting:

   • Begin searching for properties that meet your criteria, such as location, size, features, and price. You can use online listings, work with your agent, and visit open houses.

5. Make an Offer:

   • Once you find a house you like, you can make an offer through your real estate agent. Be prepared for negotiation with the seller.

6. Home Inspection:

   • It’s essential to have a professional home inspector evaluate the property’s condition to identify any potential issues or necessary repairs.

7. Appraisal:

   • The lender will require an appraisal to determine the fair market value of the property. This ensures that the property’s value matches the loan amount.

8. Secure Financing:

   • After your offer is accepted, work closely with your lender to finalize your mortgage application and secure financing.

9. Closing:

   • The closing process involves signing the final paperwork, transferring ownership, and paying closing costs. This typically takes place at a title company or attorney’s office.

10. Obtain Homeowners Insurance:

    • You’ll need to secure homeowners insurance before closing on the property.

11. Move In:

    • Once the closing is complete, you can take possession of the property and start moving in.

When buying a house in New Mexico specifically, here are a few state-specific considerations:

• Property Taxes: Research property tax rates and how they vary by location within New Mexico. Property tax rates can significantly affect your ongoing homeownership costs.

• Homeowners Association (HOA): If you’re purchasing a property in a planned community, check if there’s an HOA, as it may have specific rules, fees, and regulations.

• New Mexico Real Estate Market: Stay informed about the local real estate market trends, as they can affect property prices and availability.

• Legal Requirements: Consult with a real estate attorney to understand the legal aspects of buying property in New Mexico, including the closing process and any state-specific laws.

Remember that real estate transactions can vary, and it’s crucial to work with professionals like real estate agents, inspectors, and lenders to navigate the process successfully. Conduct thorough research and due diligence to ensure you make an informed decision when purchasing a house in New Mexico or any other location.

HUD, the parent of FHA, does not allow credit disputes on the following:

1. Outstanding collection accounts that are not medical collections.

2. Charged off accounts

3. Late Payments in the past 24 months

4. Derogatory public records such as bankruptcy, foreclosure, deed-in-lieu of foreclosure, short sale, child support, federal and state tax liens, judgments, delinquent student loans, and other derogatory credit tradelines.

EXEMPT FROM CREDIT DISPUTES

1. Medical collections

2. Non-medical credit disputes that are on-time payments and good standings.

3. Non-medical disputes with zero balance.

4. Non-medical credit disputes with total credit tradelines with under $1,000 Outstanding Balance.

5. Collections and charge off accounts, late payments, older than 24 months.

VA, USDA, NON-QM, FANNIE MAE and FREDDIE MAC are normally EXEMPT from credit disputes. We have a YouTube live video aired today September 25th, 2023 at 10 am hosted from GCA Mortgage Group which we will post on this thread. Contact Gustan Cho Associates if you have any questions.

Mortgage rates are surging to 25 year highs. Mortgage rates for 700 plus credit score borrowers are 7.5% on FHA loans. Lower credit score borrowers with credit scores down to 500 FICO are priced at 7.75% with as much as 3% in points. Mortgage rates on conventional loans are 8.125% for 720 credit score borrowers.

Auto Repossessions are nearing 20,000 per day and increasing month after month by 5%

Mortgage Rates are finally dropping fast. JEROME POWELL, The Chairman of the Federal Reserve Board announced yesterday the Feds will not be increasing interest rates for the past two Fed meeting which caused mortgage rates to plummet. The 10 year treasuries started plummeting the past few days from a high of 5.0% to 4.66%

Time flies, and everyone wants to limit the wasteful. The time they spend going to the wrong source for research on buying a home and getting approved for a mortgage. Over 80% of our clients at Gustan Cho Associates are borrowers who could not qualify at other mortgage companies due to the lender’s overlays or because the lender did not have the best mortgage loan option

Proud to announce my colleague, Associate and friend Dr. Martin Blank is running for Congress of The United States 🇺🇸 in Michigan. Dr. Blank is a retired colonel of the U.S. Army, a residential and commercial loan officer, a cardiovascular surgeon, a trauma surgeon, an attorney, and a police officer. With his vast work experience and excelling in every field he is in and his kind heart and generosity in always wanting to help family, friends, co-workers, and his community, I don’t think you will have a better candidate for Congress other than Dr. Martin Blank, M.D. I give Dr. Blank full support and endorse Dr. Martin Blank for Congress

• This discussion was modified 4 months, 1 week ago by  Sapna Sharma.

30 year treasuries skyrocketing this morning surpassingthe 4.5% mark. Mortgage Rates expected to increase this morning when they open. What’s going on? Rates are expected to increase until the 2024 election.

So many scammers when it comes to shopping for pets. This website is reputable and referred this site to my friend Wendy Lahn and she got her dog from this site.

HOOBLY PETS

Here’s 11 year old Missy, a toy poodle, playing fetch with Chase.

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NEXA Mortgage LLC now offers 100% acquisition and renovation investment property loans. Needs to have a after improved value of 65% LTV.

• This discussion was modified 1 year, 5 months ago by  Gustan Cho.

Many real estate investors buy fixer uppers and renovate it. After renovation, investors will either flip it and try to sell it for a profit. Other investors want to keep it as a rental by AirBnB’d or long term rental. However, investors want to take cash out refinance to get the renovation cost back with a DSCR Cash-Out Refinance mortgage loan. The issue you run into is most non-qm wholesale mortgage lenders require a one year seasoning requirement on DSCR Cash-Out Refinance mortgage loans. GCA MORTGAGE Group can help Cash-Out Refinance on DSCR loans with six months seasoning of property ownership. Please contact us at contact@gustancho.com

Here’s an informative article about DSCR loans

http://www.gustancho.com/dscr-mortgage-loans

gustancho.com

DSCR Mortgage Loans: Debt Service Cover Ratio

DSCR Mortgage Loans is underwritten based on the cash flow of the property. Borrower does not have to provide income docs or tax returns

Congratulations to former President Donald Trump. On November 5th, 2024, Former President Donald J. Trump and Senator JD Vance won the Republican ticket to the White House. Kamala Harris and her running mate Tim Waltz lost the Democrat ticket to the Presidency after Kamala Harris spent $1 billion dollars and is $20 million in debt. There are still staff members who are due their paychecks and are waiting.

Here are a few relevant points to consider:

Political Implications of Election Results

Impact on the Republican Party: Trump’s nomination could unify different factions within the GOP or exacerbate divisions, depending on how his campaign is received by various voter demographics.

Democratic Strategy Moving Forward: The outcome of Kamala Harris and Tim Walz may prompt the Democratic Party to reassess its strategies, messaging, and candidate selection for future elections.

Campaign Financing: The mention of significant campaign spending and debt raises questions about campaign finance regulations and money’s political influence.

Staff and Campaign Management: The situation with unpaid staff can affect morale and the overall effectiveness of a campaign. It highlights the importance of financial management in political campaigns.

Voter Sentiment: Understanding voter sentiments and the issues that matter most to them will be crucial for both parties’ preparations for the general election.

https://www.youtube.com/watch?v=9iCphDSLvVQ

About time

Home prices in Chicago South Loop are plummeting. Sellers are lowering prices and offering incentives. This correction is continuing throughout the city and Suburbs. Expect the downturn to continue in Chicago and other cities. Stay tuned

Here’s an article about the EXPRESS SBA NO-DOC LOANS you may want to read and find it interesting and informative

http://www.lendingnetwork.org/express-sba-no-doc-loans/

• This discussion was modified 1 year, 7 months ago by  Gustan Cho. Reason: Wrong url

lendingnetwork.org

Express SBA No-Doc Loans

This guide will cover Express SBA No-Doc Loans for small business owners. If you are a small business owner looking for a quick and simple way to get funding

CNBC Jim Cramer and Crooked Media announced the economy is going strong and job opportunities are strong and little unemployment therefore interest rates should go higher. What are they thinking?

• This discussion was modified 1 year, 6 months ago by  Sapna Sharma.

To clarify our previous discussion. Late PAYMENTS within the last 6 or 12 months isn’t a blanket guide in which we grant without valid reasoning behind the lates. In addition to other things that may paint a proper picture away from financial management, usually via the credit report.

example.

If the applicant clearly has been making effort to keep a clean nose for the prior year(s) leading up to the lates. But fell off the wagon in recent times with one or two lates (simultaneous or sequential). A proper LOX or even owning the mistake as they do happen, has a good chance of being sympathetic to this situation due to historical evidence that’s contrary to financial mismanagement.

If said applicant has a history of multiple lates leading up to recent lates that just so happen to lapse into 12-month guidelines. Highly likely, 12 months of clean credit history is going to be required. Financial mismanagement is established with past history which connects dots far too easily.

At any rate, we will certainly do all that’s possible and within reason to have a deal succeed. Otherwise, we have no business doing 500 fico manuals

@Gustan

Look at this video clip of an Angel

https://youtube.com/shorts/vHs1G6jfqPM?si=3U78Ks72-vEa_6bt

Florida has three different types of down payment assistance program for homebuyers including the HERO DPA home purchase program. Gustan Cho Associates dba of NEXA Mortgage is to be able to offer down payment assistance to Florida homebuyers.

• This discussion was modified 4 weeks ago by  Sapna Sharma.
• This discussion was modified 2 weeks, 4 days ago by  Sapna Sharma.

Absolutely 💯. I am a strong believer of positive criticism and not compliments. That’s how you learn and get better. A lot of people can’t take criticisms. With compliments most people take it to a new arrogance level. However, compliments are well served for people who deserve compliments. Kevin DeLory and Eddy G Perez Jr. Deserve respect and compliments for setting the foundation of EPM. There’s a reason why a mortgage company produces great employees like Christian Sorenson. It’s folks like Christian Sorenson that make a great company. It’s due to a strong foundation. Great leadership makes a great company and differentiates from the mediocre competition. Competition never sleeps. Thanks for everything you do Mr. Perez and Mr. DeLory. Giving us loan officers the opportunity to do tough loans gives the dream of homeownership become a reality for hard working Americans. You guys are the true silent heroes who are appreciated and not taken for granted. Love all your inspirational videos, sir. Don’t stop being you. Never try to miss Mr. DeLory’s videos no matter how hectic my day is.

Money is not wealth. Money comes and goes. However, you need to realize how many millionaires lost everything they have and had to restart over. Wealth is relationships. You cannot take that away. However you need two people who are committed to make the relationship work.

If the FHA Title I loan is under $7,500, the title I loan is considered an unsecured personal renovation loan. However, any Title I loans greater that $7,500 up to $25,000 is considered a second mortgage and the lien is placed on the house behind the first mortgage.

Mortgage brokers who are looking for doing business in Puerto Rico and thinking of getting licensed may have a hard time finding wholesale residential mortgage lenders who are able to originate and fund loans in Puerto Rico. If you are a mortgage broker looking for a five-star wholesale mortgage investor who is licensed to do government and conventional loans in Puerto Rico, contact Christian Sorenson of Equity Prime Mortgage, commonly known as EPM Mortgage. EPM is the wholesale lender of choice at Gustan Cho Associates. Over 80% of our borrowers are folks who could not qualify at other lenders and the first choice we take our borrowers to is to Equity Prime Mortgage. Christian Sorenson is our top account executive not just at EPM Mortgage but the best wholesale account executive who the team at GCA Mortgage Group worked with. He is always available, is knowledgeable, and always goes above and beyond than any other wholesale account representative anyone at Team GCA Mortgage ever worked with. Give Christian Sorenson a shout. You will not be disappointed.

Here is a link to a comprehensive guide about buying a house in Puerto Rico published on FHA Bad Credit Lenders, a subsidiary of GCA Mortgage Group and Gustan Cho Associates:

https://fhabadcreditlenders.com/buying-a-house-in-puerto-rico/

fhabadcreditlenders.com

Guide To Buying a House in Puerto Rico

Compared to many other U.S. states, home prices and property taxes in Puerto Rico is low making buying a house in Puerto Rico more affordable.