How can a bankrupt person establish credit with a 400 FICO SCORE?

How Mortgage Underwriters Calculate Borrowers Debt To Income Ratios?

I filed bankruptcy and got it discharged two years ago. I know different loan programs have waiting period after Chapter 7 Bankruptcy. I worked hard in re-establishing my credit and am successful with my job as a digital media marketing consultant. I can put $300,000 down payment on a home purchase and want to buy a $1.2 million dollar luxury home. I am worried about qualifying for a jumbo loan after Chapter 7 Bankruptcy due to the waiting period requirements. How many years will you have to wait after filing Chapter 7 Bankruptcy for Jumbo loan?

HOW TO DEAL WITH CHARGE OFFS ON YOUR CREDIT REPORT?

Can I use my spouses income on an FHA loan even though her credit is bad?

Can i get a cash out refinance if i had a forclosure 6 years ago my score is 650?

CAN I QUALIFY FOR A MORTGAGE WITH A 580 CREDIT SCORE IN CALIFORNIA?

Can I qualify for a no tax return W2 loan if commission is large part of my pay?

I am in a repayment plan on a Chapter 13 Bankruptcy for 2.5 years, 655 credit, w2s only no tax returns. Can I qualify for a mortgage and buy a house while I am still in a five year Chapter 13 Bankruptcy repayment plan.

Can FHA finance new manufactured home including land and development costs?

CAN I GET A MORTGAGE WITH JUDGMENT OR DO I NEED TO FILE BANKRUPTCY?

GCA FORUMS has created a YouTube and Rumble Video Channel to Streamline our Daily News Network and Podcast. The technical team at GCA FORUMS works around the clock on the backend coding, programming, and structuring, so we set apart from the competition. We will keep our viewers updated in the coming days and weeks. Stay tuned!

https://youtube.com/@gcaforum?si=KI5nGsyP_9bWBsUO

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GCA Forum

GCA Forums – Powered by Gustan Cho Associates Overview and Summary: GCA forums are a community designed to help people inquire about mortgage loans and real estate. The site provides support, information, and resources to those who need them. Platform … Continue reading

CAN SOCIAL SECURITY INCOME BE GROSSED UP? HOW MUCH CAN SOCIAL SECURITY INCOME BE GROSSED UP ON FHA LOANS? HOW MUCH CAN SOCIAL SECURITY INCOME BE GROSSED UP ON VA LOANS? HOW MUCH CAN SOCIAL SECURITY INCOME BE GROSSED UP ON USDA LOANS? HOW MUCH CAN SOCIAL SECURITY INCOME BE GROSSED UP ON CONVENTIONAL LOANS? HOW MUCH CAN SOCIAL SECURITY INCOME BE GROSSED UP ON JUMBO LOANS? HOW MUCH CAN SOCIAL SECURITY INCOME BE GROSSED UP ON NON-QM LOANS?

What Does Residual Income Mean On VA LOANS? How do you calculate residual income? What does residual income tell you. What is the formula for residual income for a mortgage. What does residual income affect?

I want to know how a lender credit from the mortgage lender works. I heard that mortgage lenders can offer a lender credit towards closing costs.

Aside from finding a good pizzeria when you relocate, there are more important things to search out. Bank, church, post office, and lawn service are just a few. I have been fortunate to be 70 years old and have a full head of hair, but for some reason it continues to grow. I never went for hair stylists; I prefer the old-time barbers. My father always took me to a barber as a kid. Searching for a barber is not that easy; it is a forgotten art.

Twenty years ago, before moving to Florida, I went back home to New York City. My barber was a guy named Isaac, a Russian Jew. He set up shop on 7th Avenue in the Chelsea section of Manhattan. He was the first barber to cut my hair in NYC. He was so good that one day, while getting a shave, I glanced over at the next customer, and it was Anderson Cooper. Isaac was the barber for the Manhattan elite. I was lucky.

What are the chances of finding a barber of that quality in Ocala, Florida? Luck struck twice, for low and behold, right next to #1 Pizza was a barber, King Cutz. I decided to try my luck after having a slice, with a guy named O’Nell. As I entered the shop, it was crowded. It was the Friday before school started in Florida. August 12 was, I thought, early; it seems school starts earlier each year. When I was in grade school, we started after Labor Day. Why would you have children start school in early August in Florida? It is so hot! The air conditioners have to work harder to keep class rooms cooler. Anyway, a dozen kids were ahead of me, all Spanish and black; razor cuts are a big style for kids, not me, who likes scissors. I didn’t feel out of place, but I was concerned about being older and liking traditional hair cuts.

O’Nell had been a teacher in a hair salon in Puerto Rico. He spent 30 minutes on a six-year-old’s hair. He meticulously clipped each and every hair on this buzz cut, and I was impressed. I was next; he cut my hair, trimmed my beard, and not a hair was out of place. In the morning, I had no cow lick, which usually occurs after my hair is cut. I found my barber and my pizza!

Most New Yorkers agree that the best Chinese food is in Chinatown in lower Manhattan. I could never remember the names of the restaurants; I went by numbers: 17 Pell Street, 37 Mott Street. In the same strip mall, there was a Chinese restaurant! I have not tried it as yet; there is too much pizza to digest. What are the odds of it being as good as a New York restaurant?

My saga continues for new places in Ocala, especially to eat.

Ever considered becoming your own boss by opening your own company. Turn key full service business, commercial, and residential funding business. We will train you about how to open your own commercial loan brokerage business after you go through our training program. Unlimited opportunity. Contact Danny Vesokie at Affiliated Financial Partners at 916-402-2506. Text Danny Vesokie for a Faster Response. Affiliated Financial Partners is a preferred commercial loan officer school of Lending Network and Gustan Cho Associates. Affiliated Financial Partners LLC-Wholly Owned Subsidiary of Danny Vesokie Institute of Finance, headquartered in Sacramento, California.

• This discussion was modified 4 months, 1 week ago by  Danny Vesokie | Affiliated Financial Partners.

Stayed tuned, people. We create, design, and develop a one-stop lending shop mortgage loan officer website. This one-in-all marketing-support-operations-business-development mega website is for select loan officers who want to be in the top 20% of the nation and belong to a team of winners. Many talented goal-oriented folks want to become top-producing loan officers but do not have the guidance, training, tools, and direction to lead them there. After a decade of research and development, making thousands of fixes, and making thousands of hours of mistakes, my team and I have mastered a mega one-stop lending shop. Training a loan officer is one of the most difficult tasks there is. There is no sure proof training program in the market place. The best way to learn to become a successful loan officer is by getting trained by a mentor. Training a loan officer is like training an attorney. Say a young lawyer graduates from an IVY LEAGUE LAW SCHOOL like Harvard, Yale, Princeton, or Stanford Law School. The young, newly law school graduate masters the Bar Exam and is now licensed to practice. What NOW? How is he or she going to represent clients in court, let along simple parking tickets or simply real estate closings? Same with loan officers. You will be clueless and lost. So the best way to train a young recruit loan officer is to take a few steps backward to go forwards. A newly licensed loan officer should not even do a single loan until they have processed three to six loans themselves under the supervision of a loan processor. The loan officer will never become a master mortgage processor and I do not recommend they be one if they want to originate loans, but loan officers will be working very closely with mortgage processors on every single loan. To this day, most loan officers are clueless on how mortgage processing works and often bitch and degrade mortgage processors if shit does not go your way. Master processing, at least how it work, before you proceed to originating. In the system we will have on http://www.viralwebsitedevelopers.com, we will have a detailed training section on processing and how mortgage processing works. Once you have the basics on how mortgage processing works, the next step is to learn origination. So one of the frequently asked questions is do I need to memorize all the mortgage guidelines before proceeding. The answer is NO. There is no way you will learn and know all of the FHA, VA, USDA, FANNIE, FREDDIE, and NON-QM mortgage guidelines. Learning the guidelines is not enough. Every lender has their own lender overlays. Lender overlays are additional mortgage guidelines above and beyond the minimum guidelines of HUD, VA, USDA, FANNIE MAE, and FREDDIE MAC. However, every loan officer should know the basic agency guidelines on government and conventional loans. Everything you need to know, you can find it on http://www.gustancho.com. AGAIN, loan officers should get familiar with the basic guideline but no need to memorize it. You will go back to it often. Again, all the guidelines will be on the master website from Viral Website Developers. Remember, our mission at Viral Website Developers is to create a one-stop mortgage lending online shop with your very one virtual digital media website. So, the next step for brand new loan officers are loan officers transferring to Gustan Cho Associates on a branch level or an independent loan officer sponsored by a member of the Gustan Cho Associates family is getting leads. Again, your newly assigned one-stop shop lending virtual mega loan origination website will have an organic lead generation system which will grow and add more value as it seasons with age and content. I will continue this part at the next time I am able to continue.

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

California homeless problems is getting out of control that it’s attracting global attention. California Politicians have long ignored the serious homeless problems. Many outsiders consider California’s homeless crisis as inhumane and borderline criminal on Politicians especially the Governor of California. Central and Southern California have mild weather where homelessness is a year around crisis. California homeless people have no access to shelter, water, fresh clothing, healthcare, and poor sanitation. Homelessness takes 25 years from a person’s life. Governor Gavin Newsom visited homeless areas in San Francisco and said that the area looks like a third would country. Why is Gavin Newsom all of a sudden showing concern after decades of homelessness throughout the state of California? You got it. The 2024 Election and making California loo better.

https://youtu.be/nSuAoGAX7_E?si=8xu4PoqjrGIeJY48

What does $500 a month (U.S. Dollar) get you in the Philippines? How much does a average middle class wage earner make in the Philippines? How much is the average college graduate make in the Philippines? How is living in the United States like compared to the Philippines? How do you buy a house in the Philippines? What is the average cost of a house and how much money do you need to buy and finance a home? How does the housing and mortgage industry in the Philippines work? How much does a car cost? How do you buy and finance a car in the Philippines?

A “No-Ratio DSCR Loan” typically refers to a type of commercial real estate financing that doesn’t require the calculation or consideration of the debt-service coverage ratio (DSCR) for the property being financed. Let’s break down what this means:

1. Debt-Service Coverage Ratio (DSCR): The DSCR is a financial metric used in real estate lending, especially for commercial properties. It represents the property’s ability to generate enough income to cover its debt obligations, primarily the mortgage payments. The DSCR is calculated by dividing the property’s net operating income (NOI) by its total debt service (mortgage payments).

2. No-Ratio: When a loan is referred to as “No-Ratio,” it means that the lender does not consider the DSCR when evaluating the borrower’s eligibility for the loan. This can be beneficial for borrowers who may not meet the traditional DSCR requirements but have other strong financial attributes or unique circumstances that make them creditworthy.

In essence, a No-Ratio DSCR Loan is a type of financing option where the lender focuses less on the property’s income-generating ability and more on other aspects of the borrower’s financial situation, such as their creditworthiness or assets. This can be useful for borrowers who have unconventional income sources or situations that make it challenging to meet traditional DSCR requirements.

It’s worth noting that these types of loans may come with higher interest rates or different terms compared to loans where the DSCR is a critical factor in the lending decision. Additionally, they may be more common in certain niche or specialized lending markets. Borrowers considering such loans should carefully review the terms and assess the overall cost and risk associated with them.

What is the United States Dollar? Does the Dollar have any creditbility? Does the World respect the U.S. Dollar? Is the dollar going to be worthless in the coming months or years?

What are the mortgage lending requirements on investment property jumbo loans. Can you please explain the lending guidelines on traditional and non-QM jumbo loans, the borrowers credit and income requirements, the down payment requirements and closing costs, the maximum debt-to-income ratio, the mortgage rates on non-QM jumbo loans, and the various different types of traditional and non-QM jumbo loans? If you can explain the mortgage process on traditional and non-QM jumbo loans on investment properties, it will be greatly appreciated?

What are the guidelines and requirements on flip-and-flip loans at Lending Network? How much down payment is required? What are the requirements to qualify for fix-and-flip loans? Can you explain the steps of fix-and-flip loans? Does the borrower need to have experience in doing fix-and flips? What types of properties are eligible for fix-and-flip loans?

The verdict is in on former President Donald Trump’s trial in New York. Former President Donald Trump has been found guilty on all 34 charges in his hush money case. Never before in history has a former president of the United States been tried after they left office of the Presidency. This trial of former President Donald Trump was politically motivated with many things wrong with even going to trial. No doubt the trial was politically motivated due to the fear and panic of former President Donald Trump running for office of the Presidency of the United States in November 2024. The charges against President Donald Trump are related to falsifying business records to conceal a $130,000 payment made to adult film star Stormy Daniels. This payment was part of an effort to prevent Daniels from going public with her claims about a 2006 encounter with Trump. This historic conviction marks Trump as the first former U.S. president to be convicted of felony crimes. The jury deliberated for 9.5 hours before reaching their verdict, which involved examining numerous invoices, vouchers, and checks connected to the reimbursement payments made to Trump’s former lawyer, Michael Cohen, who initially covered the payment to Daniels. The sentencing for Trump is scheduled for July 11, just before the Republican National Convention where he is expected to be nominated as the 2024 presidential candidate.

https://www.youtube.com/watch?v=NM1v-Tyvvso&list=RDNSNM1v-Tyvvso&start_radio=1

Team Amanda Witthauer is an up-and-coming star at GCA. I want to congratulate Amanda on moving from Washington to Tennessee and landing her new job as a commercial real estate agent in her new home state. She was on furlough for the past few months because she needed to relocate from Washington to Tennessee. She is ready to rock and roll, and I have the utmost faith and confidence in Amanda since day one. She has switched to become a commercial real estate agent at a prestigious, highly reputable company and was one of ten experienced agents to get hired. Very proud of her, and I would not be surprised if she becomes the top originator. Let’s all help Amanda get her the proper tools for her success: Sapna, here are the following tools needed for Amanda:

1. Landing page
2. Make the landing page with her very own Contact Us page, email, mortgage calculator branded Amanda Witthauer, Loan Limits, her apply now CTA links to her mortgage application and ordering credit, a category blog box with drop-down per month with all blogs she is an author in, link to GCA FORUMS, Resources Section.

Amanda, please work with Sapna on custom-designing your landing page. Sapna will need a detailed bio and image with original content, how you want it laid out, and verbiage, text, images, slogans, logo, etc. You can have a dba like The Amanda Witthauer Team or Amanda Witthauer Mortgage Group. We need the verbiage powered by Gustan Cho Associates-NEXA Mortgage, really small lettering for compliance reasons. If you need a two-sided business card with you on one side and me on the other, Marga can order for you if you want to be the LOA in states you are not licensed in, and I can be the LO.

Felix and Paulyn work with Amanda setting up her business Facebook page, LinkedIn, YouTube Channel, and other social media platforms.

Let’s get all the support required for Amanda and do it with style. Congratulations on your new position, Amanda, and I want to thank you for participating in the forum. You got the keys to success. Depend on where you want to take it to—the top, of course. Again, a very big congratulations to Amanda Witthauer on her move to Tennessee and becoming a commercial realtor and loan officer. The best of the best and we are all proud of Amanda.

https://gustancho.com/can-realtors-be-loan-officers/

gustancho.com

Can Realtors Be Loan Officers at the Same Time?

Can Realtors Be Loan Officers and make money on the same transaction? The dual realtor/MLO gets compensation as the realtor and loan officer.

GCA FORUMS and SUBFORUMS is a one-stop all-in-one comprehensive online community that covers everything to do with life. Includes everything from real estate, all different types of real estate, autos, boats, airplanes, motorcycles, classic and exotic cars, jokes, business, career opportunities, dogs, cats, reptiles, birds, all other pets, all different types of investments, homeownership, renting homes, and thousands of other topics. GCA FORUMS is a top of the line online message board with active participants and professionals in almost every field out there.

What Makes Great Content Authority (GCA) FORUMS the Best and different than the competition? Too many to list, folks. We hope you become a member of our active online community.

Great Content Authority (GCA) FORUMS stands out as a premier online forum for several reasons. Here’s an overview of what makes GCA forums the “platinum” standard and the best choice compared to other online forums:

Diverse Range of Topics:

Comprehensive Coverage: GCA FORUMS covers many topics, including real estate, mortgage, financing, investing, garage sales, exotic cars, pets, home improvements, and more. This diversity attracts a broad audience and provides valuable information across different fields.

Expert Contributions:

Industry Experts: The forum attracts experts in various fields who share their knowledge and insights. This includes real estate professionals, mortgage brokers, financial advisors, and more.

Quality Content: Knowledgeable contributors ensure high-quality discussions and reliable information.

User-Friendly Interface:

Intuitive Design: The forum’s design is user-friendly, making it easy for users to navigate, post, and reply to threads.

Advanced Search: A robust search function helps users quickly find relevant discussions and information.

Active Moderation:

Ensuring Quality: Active moderators ensure the forum remains respectful, relevant, and spam-free, helping maintain a high standard of discourse.

Rule Enforcement: Clear rules and guidelines are enforced to create a safe and welcoming environment for all members.

Engaging Community:

Supportive Members: The forum fosters a supportive and engaging community where members can seek advice, share experiences, and build connections.

Networking Opportunities: Users can network with like-minded individuals and professionals, opening up opportunities for collaboration and mentorship.

Resource Sharing:

Valuable Resources: Members can share links, documents, and other helpful resources for the community.

Expert Articles: Experts and seasoned professionals often post articles, guides, and how-to manuals, enriching the forum’s content.

Up-to-Date Information:

Current Trends: The forum informs members about industry trends, news, and developments.

Timely Updates: Regular updates and active discussions about current events ensure the information is always relevant.

Inclusive Environment:

Diverse Membership: The forum welcomes members from different backgrounds and industries, fostering an inclusive environment.

Respectful Discussions: Focusing on respectful and constructive discussions helps create a positive community atmosphere.

Tools and Features:

Private Messaging: Users can communicate privately for more personal or confidential conversations.

Customization: Members can customize their profiles and subscribe to specific categories to receive notifications about new posts and threads.

Commitment to Excellence:

Continuous Improvement: GCA FORUMS is committed to continuous improvement, regularly updating features and content to meet the needs of its members.

Feedback Mechanism: The forum encourages feedback from members to make ongoing enhancements.

Conclusion:Great Content Authority (GCA) FORUMS stands out as a top-tier platform due to its comprehensive range of topics, expert contributions, user-friendly interface, active moderation, engaging community, and commitment to excellence. These features create a valuable resource for anyone looking to gain insights, share knowledge, and connect with others in their field. Whether you’re a professional or an enthusiast, GCA FORUMS provides the platinum standard of online discussions and networking. If you have questions or need further assistance, feel free to ask!

• This discussion was modified 9 months, 4 weeks ago by  Sapna.
• This discussion was modified 8 months, 2 weeks ago by  Sapna.
• This discussion was modified 5 months, 4 weeks ago by  Gustan Cho.
• This discussion was modified 3 months, 3 weeks ago by  Sapna.
• This discussion was modified 3 months, 3 weeks ago by  Sapna.
• This discussion was modified 3 months, 3 weeks ago by  Sapna.

Moving to Washington, D.C., can be an exciting adventure! As the capital of the United States, Washington, D.C. offers a unique blend of history, culture, politics, and diverse neighborhoods. Here are some tips to help you with your move:

1. Research neighborhoods: Washington, D.C. has many different neighborhoods, each with its character and amenities. Consider safety, proximity to public transportation, schools, and amenities when choosing where to live.

2. Cost of living: Washington, D.C., can be an expensive city to live in, so it’s essential to budget accordingly. Be prepared for higher housing costs, especially in popular areas.

3. Transportation: D.C. has a well-developed public transportation system, including the Metro (subway) and buses. Many residents prefer public transportation due to traffic and limited parking options in the city.

4. Climate: Washington, D.C., experiences four distinct seasons. Summers can be hot and humid, while winters can be cold and occasionally snowy. Be prepared for each season with appropriate clothing.

5. Government and politics: D.C. is the center of American politics and government. There are numerous museums, monuments, and historical sites to explore, many of which are free to the public.

6. Employment opportunities: D.C. is home to many government agencies, non-profit organizations, and international institutions. It’s also a hub for technology, finance, and consulting companies. If you’re moving for work, research job opportunities beforehand.

7. Social life and activities: There is no shortage of things to do in D.C. From dining out in diverse neighborhoods to attending cultural events and visiting museums, you’ll find plenty of activities to keep you engaged.

8. Driver’s license and registration: If you’re moving from another state, update your driver’s license and vehicle registration within a certain period to comply with local laws.

9. Meet new people: D.C. is a diverse city with various ways to meet new people and make friends. Consider joining social clubs, attending meetups, or participating in community events.

10. Be prepared for politics in daily life: Due to its political significance, discussions about politics are common in Washington, D.C. Awareness of this can help you navigate conversations and maintain respectful discussions.

Remember to check for any updated information about the city and its regulations closer to your move date, as things might have changed since my knowledge cutoff in September 2021. Good luck with your move, and I hope you enjoy your time in Washington, D.C.!

https://www.youtube.com/watch?v=8zFVVxIX4lA

Small Business Administration (SBA) loans are a type of financing that the U.S. government provides to small businesses and entrepreneurs to encourage economic growth. The SBA doesn’t lend money directly to small business owners. Instead, it sets guidelines for loans made by its partnering lenders, community development organizations, and micro-lending institutions.

Here’s how the process generally works:

1. **Choose the Right Loan:** The SBA offers several different types of loans, so you’ll need to determine which one is the best fit for your business. Some of the most common ones include the 7(a) Loan Program for general small business loans, the Microloan Program for smaller loans, the 504 Loan Program for commercial real estate and equipment purchases, and the Disaster Loan Program for businesses affected by disasters.

2. **Find a Lender:** Not all banks and lenders offer SBA loans, so you’ll need to find one that does. The SBA provides a Lender Match tool on its website to help connect you with suitable lenders.

3. **Prepare Your Application:** Each SBA loan program has its own eligibility requirements, but generally, you’ll need to provide information about your business, a detailed business plan, financial statements, information on any existing debt, and personal financial information.

4. **Apply for the Loan:** Submit your loan application to your chosen lender, who will review your application and make a decision about whether or not to offer you a loan. If they approve your application, they’ll submit it to the SBA.

5. **SBA Review:** The SBA will then review your application. If it approves the loan, it will provide a guarantee to the lender, which essentially insures a portion of the loan against default. This guarantee can cover up to 85% of the loan amount, depending on the loan program.

6. **Receive Your Funds:** If your loan is approved by both the lender and the SBA, you’ll receive your funds and can begin using them for your intended business purposes.

Keep in mind that while SBA loans can provide much-needed capital for small businesses, they also come with certain costs, such as interest and fees, and require repayment over a set period of time. It’s important to understand the terms of your loan before accepting it.

Listen to this entrepreneur explain how the food truck business works. He says the labor and food costs are the biggest expense. Location is very important—strong AC during summer and good heat in winter. Keep stability. Don’t keep on driving around. Stay in one spot for at least one year.

https://www.youtube.com/watch?v=Qi_RBWualJ8