Financing an RV (recreational vehicle) is similar in many ways to financing a car, but it can also be akin to financing a home, particularly for larger, more expensive RVs. Here are some steps to help you secure RV financing:

1. **Check Your Credit Score**: Your credit score will impact your ability to secure financing and the interest rate you receive. The higher your credit score, the lower the interest rate you’ll typically qualify for.

2. **Determine Your Budget**: Understand how much you can afford. Use an RV loan calculator to help you determine what your monthly payments might be at different interest rates and loan terms.

3. **Save for a Down Payment**: Like with auto and home loans, having a down payment can help you secure a better rate. It also reduces the amount you need to finance.

4. **Shop Around for Lenders**: There are a number of places where you can secure financing for an RV, including:

– **Banks and Credit Unions**: Traditional financial institutions often offer RV loans. If you already have a relationship with a bank or credit union, they may be able to offer you a better rate.

– **Online Lenders**: Online financial institutions often have competitive rates and terms, and they can be a convenient option since you can apply from home.

– **RV Dealerships**: Some RV dealerships offer financing. While this can be a convenient option, keep in mind that dealership financing can sometimes be more expensive than other options.

– **RV Loan Companies**: Some lending companies specialize in RV loans, understanding the unique needs and requirements of financing an RV.

5. **Compare Loan Terms and Rates**: RV loans can have terms anywhere from 10 to 20 years, depending on the cost of the RV and your financing. Like with any loan, a longer term will usually mean lower monthly payments, but a higher total cost over the life of the loan. When you’re comparing loans, be sure to look at both the interest rate and the term to understand the total cost.

6. **Pre-Approval**: If possible, get pre-approved for your loan. A pre-approval will give you a better understanding of what you can afford and can make the purchasing process smoother.

7. **Negotiate**: Once you have your financing in place, you’re ready to negotiate the purchase of your RV. Having pre-approved financing can give you more bargaining power.

8. **Finalize Your Financing**: Once you’ve agreed on a price for the RV, you’ll need to finalize your financing. This will typically involve filling out an application with your personal information, including your income and employment information.

Remember to read all the loan terms and conditions carefully before signing the contract. Make sure you understand all the fees, the interest rate, and the terms of the loan.

Lastly, keep in mind that an RV is a big investment. Make sure you also budget for maintenance, repairs, insurance, and other ongoing costs.

Financing a new or used car typically involves securing a loan to cover the cost of the vehicle, which you then repay over a set period of time. Here’s a general process you can follow:

1. **Assess your budget**: The first step to financing a car is understanding what you can afford. This includes considering the monthly payments you can manage, as well as the down payment

2. Lending Network offers 125% LTV car loans and exotic car loans.

3. Ferrari, Lamborghini, and luxury six figure SUVs and pick up trucks.

There are hundreds or thousands of Mortgage Calculators online. However. The Team at Gustan Cho Associates Alex Carlucci and Monica Cho has designed, created, tested, and launched the best mortgage calculator that is user friendly with the best accuracy than any other online mortgage calculator. The Best Mortgage Calculator is user-friendly for loan officers, processors borrowers realtors, underwriters, and the general public. Not only does it calculate PITI and Housing payments but also debt to income ratios and agency guidelines on debt to income ratios. Try out the best mortgage calculator https://gustancho.com/best-mortgage-calculator

gustancho.com

Best Mortgage Calculator | PITI, PMI, MIP, and DTI

We are at Gustan Cho Associates, You easily check your mortgage eligibility with the best mortgage calculator With PITI, PMI, MIP, HOA, and DTI.

The decision to move and raise a family in Connecticut, or any location, will depend largely on personal preferences, as what is “good” can vary widely from person to person. That being said, as of my knowledge cutoff in September 2021, Connecticut generally had a number of attributes that many people might find attractive for family life:

1. **Education:** Connecticut is known for having a strong education system, with high test scores and graduation rates. In fact, some of its public schools are among the best in the country. Additionally, it’s home to prestigious universities like Yale.

2. **Safety:** Some towns in Connecticut boast low crime rates, which can be a draw for families seeking a safe environment for children.

3. **Quality of life:** Connecticut’s strong economy supports a high standard of living. There is access to good healthcare facilities, and residents enjoy beautiful landscapes—from the picturesque New England coastal towns to charming rural areas.

4. **Proximity to major cities:** Connecticut is located within reasonable travel distance to major cities like New York City and Boston, which is great for access to cultural events, job opportunities, and more.

5. **Outdoor recreation:** There are plenty of outdoor recreational activities available, including hiking, fishing, skiing, and boating, among others.

However, there are also some potential drawbacks:

1. **Cost of living:** Connecticut is one of the more expensive states to live in, especially when it comes to housing and taxes. This could be a factor depending on your financial situation.

2. **Economic disparities:** While Connecticut as a whole has a strong economy, there are significant disparities. Some areas, particularly larger cities like Bridgeport and New Haven, struggle with higher rates of poverty and lower-performing schools.

3. **Traffic:** Depending on where you live and work, traffic can be a significant issue in Connecticut, particularly along the I-95 corridor.

As with any major decision, it’s best to do thorough research and perhaps visit to get a feel for the areas of Connecticut you’re considering. It’s always a good idea to take into account factors like job opportunities in your field, climate, cultural fit, and specific local resources or community attributes that are important to you.

The decision to buy a house in Colorado, or anywhere else for that matter, depends on several factors such as your personal financial situation, the housing market in Colorado, and your long-term plans. Let’s look at some specific points:

1. **Market Conditions**: As of my knowledge cutoff in September 2021, Colorado, especially cities like Denver, Boulder, and Colorado Springs, had seen significant growth in real estate prices over the past decade. However, markets can fluctuate, so it’s essential to research the current market trends and future predictions.

2. **Location**: Different parts of Colorado offer different lifestyles. For example, Denver is a bustling city with thriving industries, while mountain towns offer outdoor recreational opportunities like skiing and hiking. The right location for you depends on your lifestyle preferences.

3. **Affordability**: Keep in mind that buying a home is a substantial financial commitment. Consider your income, savings, and other expenses to ensure you can afford the mortgage payments, taxes, insurance, and maintenance costs.

4. **Long-Term Plans**: Buying a house is typically a long-term investment. If you plan on staying in Colorado for a significant amount of time, buying could be a good decision. On the other hand, if you’re unsure about your long-term plans, renting may be a safer option.

5. **Career Opportunities**: Colorado has robust job markets in industries like technology, healthcare, and aerospace. If your career aligns with these industries, it could be a good place to invest.

6. **Quality of Life**: Colorado often ranks highly in terms of quality of life due to its outdoor recreational opportunities, access to nature, and good education and healthcare systems.

Before you decide to buy a house in Colorado, it would be a good idea to speak with a local real estate agent who can provide detailed information about the market conditions and neighborhoods. Additionally, a financial advisor can help ensure you’re financially prepared for the commitment of buying a home.

I need to replace a large deck with stairs, railings, and the works. Do any of you know this new decking material that is out on the market? I need to do tons of work on my home. House was built in 1998 and need everything from exterior siding, roof, gutters, sofits, fascia, downspouts, windows, driveway, you name it, I need it. This is aside from the inside remodeling project such as kitchens and bathrooms, flooring, countertops, appliances, and more. I will keep everyone posted as how things progress.

Food Trucks are becoming the new hot thing. However, the most important part about a food truck’s fate of success is whether the food is GREAT. You need great food. Everyone can cook hot dogs, beef, pizza, and tacos. Make a creative business plan. Something where people will wait in line for hours. Gumbo? Korean food? Noodles? Indian food? Authentic Thai food? Maybe do a different menu daily. Mondays tacos, Tuesdays Korean barbecue, Wednesdays Indian food, Thursdays Japanese food, Fridays seafood, Saturdays Ribs, Sundays Custom Noodles: All noodles day. People love noodles. I did not realize that there is over dozens of Food Truck Franchises.

https://www.youtube.com/watch?v=QK6ZXZYnahY

Texas just announced it had the single largest property tax decrease in the history of the United States. Earlier several weeks ago, there were talks about Texas eliminating property taxes and today we get this breaking news about Texas reducing property taxes with potentially having the lowest property taxes in the nation. I will post updates on this developing story once I get more details on this topic.

• This discussion was modified 1 year, 6 months ago by  Gustan Cho.

Moving to a new state and buying a house can be an exciting, but complex process. Here are some tips to help you navigate it.

1. **Research**: Understand the living conditions, crime rate, quality of education, weather, healthcare facilities, local culture, job market, and cost of living in different parts of Arkansas.

2. **Choose the Right Location**: Arkansas is known for its diverse landscapes, ranging from mountainous regions to lowlands along the Mississippi River. Key cities include Little Rock (the capital), Fayetteville, Fort Smith, and Jonesboro, each with its own unique character and community. Rural vs. urban, proximity to amenities, and commute times may all influence your decision.

3. **Understand the Local Real Estate Market**: The cost of housing in Arkansas is relatively affordable compared to the national average, but prices can vary based on the area. Consult a local real estate agent or do an online search to get a sense of prices in your preferred locations.

4. **Get Pre-approved for a Mortgage**: Before you start looking for a house, get pre-approved for a mortgage. This will give you a clear idea of what you can afford and show sellers that you’re a serious buyer.

5. **Find a Reputable Real Estate Agent**: An agent can help you find homes within your budget and in your preferred location. They can also provide valuable insights about the local market, negotiate prices, and guide you through the closing process.

6. **Home Inspection**: Once you’ve found a house you like, arrange for a home inspection to identify any potential issues such as structural problems, electrical or plumbing issues, etc.

7. **Closing**: After your offer is accepted and your home inspection is completed, you’ll go through the closing process, which involves signing a lot of documents and, finally, getting the keys to your new home.

Remember, moving and buying a home is a major life event and it can be stressful. Be sure to plan ahead, budget for unexpected costs, and take your time to find the right home for you. Good luck!

Moving to a new state and buying a house can be an exciting, but complex process. Here are some tips to help you navigate it.

1. **Research**: Understand the living conditions, crime rate, quality of education, weather, healthcare facilities, local culture, job market, and cost of living in different parts of Arkansas.

2. **Choose the Right Location**: Arkansas is known for its diverse landscapes, ranging from mountainous regions to lowlands along the Mississippi River. Key cities include Little Rock (the capital), Fayetteville, Fort Smith, and Jonesboro, each with its own unique character and community. Rural vs. urban, proximity to amenities, and commute times may all influence your decision.

3. **Understand the Local Real Estate Market**: The cost of housing in Arkansas is relatively affordable compared to the national average, but prices can vary based on the area. Consult a local real estate agent or do an online search to get a sense of prices in your preferred locations.

4. **Get Pre-approved for a Mortgage**: Before you start looking for a house, get pre-approved for a mortgage. This will give you a clear idea of what you can afford and show sellers that you’re a serious buyer.

5. **Find a Reputable Real Estate Agent**: An agent can help you find homes within your budget and in your preferred location. They can also provide valuable insights about the local market, negotiate prices, and guide you through the closing process.

6. **Home Inspection**: Once you’ve found a house you like, arrange for a home inspection to identify any potential issues such as structural problems, electrical or plumbing issues, etc.

7. **Closing**: After your offer is accepted and your home inspection is completed, you’ll go through the closing process, which involves signing a lot of documents and, finally, getting the keys to your new home.

Remember, moving and buying a home is a major life event and it can be stressful. Be sure to plan ahead, budget for unexpected costs, and take your time to find the right home for you. Good luck!

Ronda Butts wrote an article about the best neighborhoods in Phoenix Arizona with Water Features

Gustan Cho Associates and Lending Network LLC are Mortgage Lenders licensed in Alaska and can help borrowers who need residential, business, and commercial loans.

Many Mortgage companies are hurting. Mortgage rates are at 26 year highs, the Feds keep on increasing rates, inflation is out of control, home prices are increasing despite high rates and a weak unstable economy. Over half the licensed loan originators are expected not to renew their NMLS mortgage licenses for 2024. We will keep this thread going

Cameron LeClair just told me about their great rental financing program for first-time real estate investors and Donal Trump wannabees. Cameron is a wholesale account rep at The LENDER. The Lender has creative financing programs on non-QM loans. This month’s special at The Lender is Their No-Doc 25% down payment rental property financing program with no DSCR, no income verification, and no doc. It is like a hard money loan but non-hard money fees and LTV. First-time investors are allowed from $150,000 to $2 million. This month’s special is no points on rate, and only the borrower paid compensation at 1.5%. Contact Cameron LeClair at The LENDER. Here is a blog written by Dale Elenteny on investor cash-flow financing on rental properties:

https://gustancho.com/investor-cash-flow-financing-for-rental-properties/

gustancho.com

Investor Cash-Flow Financing For Rental Properties

Gustan Cho Associates offers the no-doc Investor Cash-Flow Financing For Investment Properties where we just underwrite the rental property

Lending Network, LLC has 100% loan-to-value equipment financing with zero money down and same-day closing with no income docs, no tax returns, and no bank statement required on any type of equipment financing up to $150,000 dollars. The only requirement is a 700 credit score and the borrower need to have been in business for at least two years. Lending Network’s equipment financing program is different than equipment leasing where equipment leasing requires the first month and last month payment and you do not own the equipment after the payment is over. Contact us at gcho@gustancho.com to qualify and get approved.

People,

Just to clarify. It is illegal to do HARD MONEY LOANS for owner-occupant properties in every state in the nation. If someone is trying to sell you hard money loans on an owner occupant home, it is 100% a crime and violation of mortgage guidelines and could be classified mortgage fraud. HARD MONEY LOANS is a great loan program for investment real estate properties and commercial properties ONLY. Owner-occupant primary homes are regulated and the DODD FRANK rules and regulations apply.

Nelson Thompson, the President and CEO of LENDING NETWORK, LLC, https://www.lendingnetwork.org, has launched the Equipment Financing no-doc, no-income verification, one day closing EQUIPMENT FINANCING business loan program at LENDING NETWORK, LLC. Self-employed borrowers who have been in business for at least two years and have at least a 700 credit score are eligible 100% loan-to-value equipment financing loan. No documentation required. No income tax returns, no P and L statements, no CPA letter, no bank statements. Need to have been self-employed for two years and have a 700 credit score. Read more on https://lendingnetwork.org/equipment-financing/

• This discussion was modified 1 year, 7 months ago by  Sapna Sharma.
• This discussion was modified 3 months ago by  Gustan Cho.

lendingnetwork.org

Equipment Financing

Equipment financing at Lending Network, Inc. is available with one day application and same day closing. No income docs required. 700 FICO.

A hard money loan is a type of loan that is secured by real estate. They are primarily used by property investors who intend to renovate or resell a property. Hard money loans are not usually provided by traditional banks, but rather by private investors or firms.

If you’re a loan officer dealing with hard money loans, here are some things you might be responsible for:

1. **Evaluating Applications**: You would be required to evaluate loan applications and documentation by confirming credit worthiness, improving loan applications and documentation, and also rejecting incomplete or unacceptable applications.

2. **Property Evaluation**: You would need to accurately evaluate the potential value of the property after repairs or renovations (After Repair Value or ARV) to ensure that the loan amount is appropriate.

3. **Risk Assessment**: Assessing the risk associated with the loan, taking into consideration factors like the property’s condition, location, and the borrower’s plan for renovation or resale.

4. **Determining Loan Terms**: You would set the interest rate and other terms of the loan, typically based on the perceived risk of the loan. Hard money loans often come with higher interest rates and shorter terms than traditional loans.

5. **Loan Servicing**: Servicing the loan, including collecting payments, handling insurance and tax payments, and possibly managing the foreclosure process if the borrower fails to pay back the loan.

6. **Networking**: Building relationships with real estate investors, real estate agents, and other professionals can be essential for a hard money loan officer, as it can lead to more business opportunities.

Remember, as a hard money lender, you are not as heavily regulated as banks and other financial institutions, but you still have to abide by all relevant laws, including usury laws and the Dodd-Frank Act’s requirements on fair lending.

Lending Network LLC will be offering steel building, pole building, equipment financing, RVs, auto, aircraft, helicopters, boats, yachts, sheds, doctors loans, food trucks, bobcats, tractor financing. Stay tuned. We will have announcements her at http://www.gcaforums.com.

Great Content Authority Forums Activities

My associate at GCA Mortgage Group, Wendy Lahn, recommended this  DIY credit repair program. I need to handle some issues with my Discover Credit Card, and I signed up for this DIY credit repair service. I will keep you posted. I will be disputing fraudulent credit card charges. I trust Wendy Lahn’s recommendations and am confident I will benefit greatly.

• This discussion was modified 1 year, 6 months ago by  Gustan Cho. Reason: Updates

Cameron, can you please write a detailed first-time homebuyer down payment assistance program for homebuyers? Here are the basic questions:

• Is the down payment assistance program forgivable or NOT forgivable.
• What is the minimum credit score requirements and debt-to-income ratio cap
• What is the mortgage rates and can you buy down the rate
• What is the credit and income requirements? Are there income caps? Is there household income cap?
• What are overlays on top of agency guidelines?
• What type of down payment assistance program is it? Conventional loans, FHA loan, or VA loan?
• Can the Lender’s DPA program be lender paid or borrower paid or is there an option?
• What is the minimum loan amount?
• Are there states like Washington state where the down payment assistance program is not allowed?
• What are the parameters to qualify for the down payment assistance program? Do you need to be a first-time homebuyer?
• Can you have non-occupant co-borrowers?
• Can you be in an active Chapter 13 Bankruptcy repayment plan to qualify for the down payment assistance program?
• Can the down payment assistance program allow outstanding collections and charge off accounts or other derogatory credit tradelines?
• What type of properties can you purchase with the down payment assistance program.
• Do you need to complete a HUD approve housing class or any other courses to be eligible for the down payment assistance program?

Besides the down payment assistance program, do you guys have homes for heroes for police officers and first-responders or any other specialized niche mortgage loan programs.

One thing about mortgage lending is every case can have its own separate case scenario. There is always a unique case scenario for each individual borrower. We  will go over the hundreds of case scenarios we encounter as loan officers.

Michael Robinson Obama’s gynecologist is extremely confused

Please make sure all LOs have this

How to find active builders and spec builders.

one way is to

go to realtor.com, choose a large city

go to filters, click home, age no min, and less than one year. This should list the new construction homes.

get the addresses, the agent usually doesn’t want you speaking with their client, however, call the agent anyway and let them know that you can help their builder to build more homes, and sometimes they will introduce you. if not, then

do a Google search for parcel search using the city, county and state

. Usually, they have a gis map, and you can use it to locate the owner and the owner’s address, where you can further search and get a cell phone.

realtor.com is a great source to see who is building where and at what price.

• This discussion was modified 1 year, 5 months ago by  Gustan Cho. Reason: Wrong information

realtor.com

Commercial-Mortgage-Glossary.jpg 12 KB Image File - Click to view

Options

• Copy Download Link

Producing loan officers and real estate agents interested in originating commercial loans and business loans. Please email me at gcho@gustancho.com. We are a one stop mortgage shop. Visit us at http://www.lendingnetwork.org.

If you are a builder of one to four unit homes, we can get you a 25% down payment on the land and up to 100% on the construction costs at competitive rates and fast closing. No credit score required, no maximum debt to income ratio, and no income verification. Please inquire if you are interested in getting new construction financing on spec homes

Car enthusiasts garage fans, if I were a betting man, I would say the best car for the money that you can enjoy is a piece of art if it sits in your garage. Yet, Car Enthusiasts Gargage Fans get a second bonus when other cars decline in value, the Ferrari 599 GTB will skyrocket in value is the Ferrari 599GTB. MADE between 2007 and 2011. $370,000 MSRP. If you can pick. one up at $150,000, great investment.

Need to purchase a 30×50 feet steel building. I want a nice design steel building that looks like a house with gables and awnings with several windows. The main reason for the steel building is to store a 43 feet RV, trucks, motorcycle, boat, and other machinery, equipment, and things that need to be kept inside. I will be pricing out the concrete slab and the pricing of steel building and start pricing them out.

Creating your own garden can be a rewarding and enjoyable experience. Here’s a step-by-step guide to help you get started:

Step 1: Choose the Location

• Select a suitable area for your garden. Look for a spot that receives sufficient sunlight, ideally 6-8 hours per day, and has good drainage.

Step 2: Decide on the Garden Type

• Determine the type of garden you want to create: vegetable garden, flower garden, herb garden, or a mix of all three. Your choice will influence the layout and plant selection.

Step 3: Plan the Layout

• Draw a rough sketch of your garden on paper, indicating where you want to place different plants, paths, and features. Consider the mature size of plants when spacing them out.

Step 4: Prepare the Soil

• Test the soil to understand its pH level and nutrient content. Amend the soil if necessary by adding compost, organic matter, or other soil conditioners. Dig the soil to a depth of about 12 inches to loosen it up.

Step 5: Install Hardscape Elements (Optional)

• If you want to include hardscape elements like pathways, garden beds, trellises, or seating areas, now is the time to install them.

Step 6: Select Plants

• Choose plants that are suitable for your climate, soil type, and the amount of sunlight your garden receives. Consider factors like plant height, color, and blooming periods for an aesthetically pleasing arrangement.

Step 7: Planting

• Follow the planting instructions for each plant. Dig holes according to the size of the root ball, and place the plants gently in the ground. Water them well after planting.

Step 8: Mulch

• Apply a layer of mulch around your plants to retain moisture, suppress weeds, and improve soil health.

Step 9: Watering

• Set up a regular watering schedule based on the needs of your plants. Be mindful of not overwatering or underwatering.

Step 10: Maintenance

• Regularly weed your garden to prevent unwanted plants from taking over. Prune and deadhead plants as needed. Fertilize your plants as per their requirements.

Step 11: Pest and Disease Management

• Keep an eye out for pests and diseases. If you notice any issues, try to use organic or environmentally-friendly methods to address them.

Step 12: Enjoy Your Garden

• Take time to relax and appreciate the beauty of your garden. Gardening is a continuous learning experience, so don’t be afraid to experiment and make adjustments as you go.

Remember, gardening is a labor of love, and it may take time for your garden to fully flourish. Be patient, observe your plants, and adjust your care routine as needed. Happy gardening!

https://www.youtube.com/watch?v=B0DrWAUsNSc

Gustan Cho Associates has merged with Lending Network, LLC for our newly launched commercial loans and business loans. Nelson Thompson is the president and CEO of Lending Network, LLC

We will be releasing more information on our commercial lending network at GCA Mortgage Group about https://www.lendingnetwork.org. Stay tuned.

• This discussion was modified 3 months ago by  Gustan Cho.
• This discussion was modified 3 months ago by  Gustan Cho.

The only down payment assistance program you can do in Washington state is HomeChoice.