What should I look for when shopping for a website development, seo, and maintenance company. I am looking for a all-in-one one-stop website development company to start a website, get CRM, create and launch social media platforms, and have the web development and maintenance company maintain and go full power with SEO. I like to get a high domain rating website with high daily unique visitors with my ultimate goal is converting the organic traffic to leads, and the leads to deals.

From what I understand, average home prices in Los Angeles and Orange County California is $1.5 million. If a recent college graduate from University of California Los Angeles with a $80,000 a year salaried professional job and his fiance who is a registered nurse making $70,000 a year got married, can they qualify and get pre-approved for a mortgage to purchase an average 3 bedroom, 2 bathroom, one car garage house in either Los Angeles or Orange County, California? What will be a strategy for them to become first-time homebuyers. Are they priced out of the housing market? Do they need to rent? They each have a $800 per month car payment.

I have a couple who want a cash-out refinance loan on an owner-occupied property that is completely paid off. However, they have a Chapter 12 bankruptcy that was discharged a little over a year ago. Has anyone else experienced this situation and have advice on potential options for them? Thanks!

Want to tell our members about Derrick Grayson and the video message I saw. I could not believe my ears to hear Mr. Derrick Grayson about all the questionable lies and theories from EVIL and politicians. I will not say too much until you all see Derrick Grayson podcast. You will NOT be disappointed.

https://www.youtube.com/live/qFI4qaGSrMo?si=VwWeAomqrIxrhy1t

• This discussion was modified 10 months, 2 weeks ago by  Gustan Cho.

I have three dually licensed real estate agents and mortgage loan originators who are the main breadwinners and need to produce. They are 100% commission and if they do not list, sell, or rent a house or commercial property they do not bring home a pay check. The mortgage industry has been no different and bleak. However, the chances are much greater for the dually licensed realtor and mortgage loan officer to concentrate on loan origination rather than real estate sales because they can cover much more distance. A loan officer does not have to drive a customer all over the city to show them a home. Loan officers can work remotely, over the phone, and out of state as long as the loan officers are licensed in the particular state. I know many loan officers purchased leads and SEO programs to no avail. Nothing but a waste of money and time. I have been talking to Viral Website Developers and am very interested in targeting keywords and buying Google Ads or work on blogs or content with the right keywords. Where can I get a list of keywords on government, conventional, and non-QM loans. I would appreciate the GCA technical and seo team if they can guide me the right direction because these folks do not have the money nor the time to get scammed by a fast talking SEO lead generation hustler. Thank you in advance.

I am trying to get my head around and grasp this AI; it’s not working. While at my cardiologist recently, we had a discussion on AI. His son is a cellist and has played professionally for years.

He stated, “There are good things about AI.” He went on to say his son played cello two years ago in a recording studio in Kentucky. He played the first part of a symphony he wrote, had it recorded with AI, and AI finished the symphony. My doctor said it was musically perfect—no mistakes from any instrument. The only thing missing was passion; passion in music cannot be duplicated. The essence of music is to feel its energy radiate through your body. If it doesn’t, something is missing.

I’ve been experiencing a similar reaction to my short stories. My critics read the post, not the story, then break down each phrase and each word. Here is an example: my book. “If The Creek Don’t Rise There Will Be A Parade.” I know what the title means; AI doesn’t need to explain it to me. Pretty condescending. However no one reads the book. “Wow Wine Wednesdays,” a short post on a certain wine I like. AI explains “Wednesdays,” ‘the middle of the week break.’ No one mentioned the wine. This AI is erasing all the passion involved in writing. If AI critiqued “Old Man and the Sea,” it would say, “Old man, a male of old age,” and “seas,” a large body of water smaller than an ocean. Sure it makes me want to read the book.

AI, as far as I’m concerned, always misses the point. Although you can’t argue with the facts of AI, they will always be correct. My definition of AI. AI is a big windbag that states truths, never having an opinion on any discussion. It’s like that smart ass kid you grew up with who knew all the facts about baseball but couldn’t hit a ball or catch a ball. He may know the facts, but he will never know the feeling of running down a fly ball in the outfield on a warm summer afternoon while your teammates are cheering for you to catch the ball. AI has no feelings; it can’t register passion. In truth, you can’t explain something you never really experienced.

AI will never give me goose bumps, or that warm feeling when hearing the violin, how the strings be so soothing it will erase any depression. It will never give me the tingling sensation that’s engulfs my body when a soprano hits their high C in an aria.

Let’s break down Artifical Intelligence like AI would.

Artifical: an adjective which modifies a noun: made or produced by a human being rather than occurring naturally. In other words FAKE.

Intelligence: a noun the subject of the sentence: the ability to acquire knowledge and skill

To make logical chooses, to be able to solve problems, apply critical thinking and think in the abstract. In other words being able to THINK.

AI is really a phooey, its fake and it can’t think. Ergo an oxymoron.

Oxymoron: Greek, “Oxus” means sharp and “Moros means” foolish.

AirBnB’d property owners are seeing a lack of business.

Here is a link to NEXA Academy for loan officers entering the mortgage loan origination business with no experience. It is held weekly. Contact Felix Nicolas, III at felix@gustancho.com for mortgage information.

https://www.google.com/url?q=https://us06web.zoom.us/j/89826931408&sa=D&source=calendar&ust=1694346718349602&usg=AOvVaw1SaYseZ2ekdT-IyEFkZRHd

Buying a house in Kansas, like anywhere else, involves several steps and considerations. Here’s a general overview of the process:

1. Determine Your Budget: The first step in buying a house in Kansas is to assess your financial situation and determine how much you can afford. Consider factors like your down payment, monthly mortgage payments, property taxes, insurance, and maintenance costs.

2. Get Pre-Approved for a Mortgage: Before you start house hunting, it’s a good idea to get pre-approved for a mortgage. This will give you a better idea of how much you can borrow and help you narrow down your search to homes within your budget.

3. Find a Real Estate Agent: Hiring a real estate agent can make the process smoother. They can help you find suitable properties, negotiate offers, and navigate the local housing market.

4. Search for Homes: Start looking for homes that meet your criteria. You can use online real estate websites, work with your real estate agent, and visit open houses to find potential properties.

5. Make an Offer: Once you’ve found a house you like, work with your real estate agent to make an offer. Your offer will include the purchase price, contingencies (such as inspections and financing), and a proposed closing date.

6. Negotiate and Inspect: After your offer is accepted, you’ll typically have the opportunity to negotiate any counteroffers. You’ll also want to schedule a home inspection to identify any potential issues with the property.

7. Secure Financing: If you haven’t already, finalize your mortgage financing. Work closely with your lender to complete all necessary paperwork and meet any conditions for loan approval.

8. Close the Deal: Once all contingencies are satisfied, you’ll proceed to the closing. At the closing, you’ll sign the final paperwork, including the mortgage documents, and pay any remaining closing costs and fees.

9. Transfer Ownership: After closing, the title to the property is transferred to your name, and you become the legal owner of the house.

10. Move In: Congratulations! You can now move into your new home. Don’t forget to set up utilities, change your address, and handle other logistics associated with moving.

It’s important to note that the process of buying a house can vary depending on individual circumstances and the local real estate market in Kansas. Additionally, you may want to consult with a real estate attorney to ensure all legal aspects of the transaction are handled correctly. Also, be aware of any specific state or local regulations and requirements that may apply in Kansas.

What do you think will happen if Kamala Harris picks Michelle Obama as her vice presidential runner mate? Old Joe will be 81 come November, do you really think he will run again. It ain’t gonna happen! Liberals control the west coast from San Diego to Seattle. Why place liberals in charge to continue control in these area plagued by homelessness and crime? They believe that housing is a “God given right and the government should furnish these homes. This is called “West Coast Liberaism.” California and Oregon lead the way with homelessness. Is their answer to supply homes to these people? Drug overdose is on the rise.

I love the west coast, I spent 24 years there, some areas are absolutely breathtaking. I watched as liberals gave everything away. When Arnie, the governator was in office, life was bearable. Gun violence is down due to stringent gun laws, the few people arrested for gun issues are moved through the courts and released through the liberal system. Oregon leads in mental health unawareness.

This is a possibility, I believe liberalism will hurt people more then help them. If the “West Coast Liberalism,” is allowed to spread, it will spread across the country like wild fire. Some states will never accept this form of government. Mostly Northen states and Southern states wont comply with the mandates, don’t mess with Texas! I read a story about a kindergarten school in Oregon installing condoms in both and boy’s and girl’s restrooms. Do we really want this?

James O’Keefe an undercover journalist and former President of Project Veritas went on a date with a gay senior White House Cyber Security Executive Advisor confirming Dementia Joe Biden does have Dementia and is Senile. Also mentioned is Kamala Harris is not liked and not respected by staff members and senior White House advisors

https://youtu.be/UfAvM7c4Jz0?si=IES5sHCVpkDPrg7O

Puerto Rico has no federal taxes.

What are my best mortgage options in Wisconsin for first-time homebuyers

Dome general information on mortgage options for first-time homebuyers in Wisconsin. Remember that mortgage options and interest rates can vary, so it’s always best to research and consult with lenders to get the most current and personalized information for your situation.

1. FHA Loans: The Federal Housing Administration (FHA) offers loans with lower down payment requirements and more lenient credit score criteria, making them popular among first-time buyers. With an FHA loan, you may be able to qualify for a down payment as low as 3.5% of the home’s purchase price.

2. VA Loans: If you are a current or former military member, you might be eligible for a VA loan, which the Department of Veterans Affairs backs. VA loans often have competitive interest rates and require no down payment.

3. USDA Loans: If you are buying a home in a rural or suburban area, you might be eligible for a USDA loan, which the U.S. Department of Agriculture backs. These loans offer low or no down payment options and come with competitive interest rates.

4. Conventional Loans: Conventional mortgages are not backed by government agencies like FHA, VA, or USDA. Private lenders offer them and typically require a higher credit score and a larger down payment, but they may have more flexible terms and competitive interest rates.

5. First-Time Homebuyer Programs: Wisconsin may have state or local programs specifically designed to assist first-time homebuyers with down payment assistance, closing cost assistance, or lower interest rates. These programs can vary based on where you are buying your home.

To find the best mortgage options for your situation, consider the following steps:

1. Check Your Credit: Review your credit report and score. A higher credit score can lead to better mortgage offers and interest rates.

2. Determine Your Budget: Analyze your financial situation to understand how much you can afford to borrow and repay comfortably.

3. Shop Around: Contact multiple lenders to compare their mortgage products, interest rates, fees, and terms. This way, you can find the most suitable offer for you.

4. Preapproval: Get preapproved for a mortgage from a lender. Preapproval shows sellers that you are a serious buyer and can help you in the home shopping process.

5. Research First-Time Homebuyer Programs: Explore any first-time homebuyer programs available in Wisconsin that could provide additional financial assistance or favorable terms.

Remember, the mortgage process can be complex, so it’s always a good idea to work with a knowledgeable mortgage professional or financial advisor who can guide you through the process and help you find the best mortgage option for your needs.

https://www.youtube.com/watch?v=J9CYRK6eLOc

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.

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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.

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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.

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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.

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

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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.

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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 1 year, 3 months ago by  Sapna Sharma.
• This discussion was modified 1 year, 1 month ago by  Sapna Sharma.
• This discussion was modified 11 months, 1 week ago by  Gustan Cho.
• This discussion was modified 9 months, 1 week ago by  Sapna Sharma.
• This discussion was modified 9 months, 1 week ago by  Sapna Sharma.
• This discussion was modified 9 months, 1 week ago by  Sapna Sharma.

Like to introduce you to Tricia James. Tricia is one of the most talented wholesale lenders who always goes above and beyond. She is working on a client with a recent 120-day mortgage late payment that dozens of other wholesale lenders could not do. She knows how to structure a deal and present it the right way. She is hands down a five-plus star wholesale mortgage professional. Here is a podcast she did a few months ago.

https://www.youtube.com/watch?v=ZxFyJIvQ6JU&feature=youtu.be

Like to congratulate Dino Hasapis for earning the best Chicago Real Estate Agent Award for Chicago Area. Dino Hasapis always goes above and beyond for all his clients. Dino Hasapis not only treats his clients like family but he follows up after each closing and makes sure his clients have no questions and is Johnny on the spot if his clients needs a referral on the area his clients moved to. Dino is trusted, loved, and respected by his clients, family and friends. All of Dino Hasapis clients become his lifelong friend and family. Very proud of you my man.

https://www.facebook.com/share/tBBjMumuX8QdXJKn/?mibextid=oEMz7o

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Dino Hasapis

I am both humbled and thrilled to announce that I've been recognized again by Chicago Association of Realtors as a top producer. I'm grateful for each and every person I have had the opportunity to...

Did your human give you half a treat and tell you it was a whole one?

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There are always two types of costs when you buy a house. There is the down payment and the closing costs. The down payment is a fixed dollar amount. The minimum down payment on FHA loans is 3.5%. The minimum down payment on conventional loans is 3% for a first-time homebuyer and 5% for a seasoned homebuyer. USDA and VA loans do not require a down payment. Closing costs are fees and costs a homebuyer gets charged. Closing costs is not just the cost of the origination from the lender. Any costs and fees associated with the purchase of a home are classified as closing costs. Closing costs includes pre-paids which are escrows.

Closing Costs and Down Payment on a Home PurchaseClosing Costs

Closing costs vary and is not a fixed rate. Closing costs depends on the city, county, state, and the type of property. Closing costs are the fees and expenses incurred during the finalization of a real estate transaction, typically paid at the closing of the deal when the title of the property is transferred from the seller to the buyer. These costs can vary widely but generally range from 2% to 5% of the home’s purchase price. Here are some common components of closing costs:

1. Loan Origination Fees: Fees charged by the lender for processing the mortgage loan application.
2. Appraisal Fee: The cost of having the property appraised to determine its market value.
3. Home Inspection Fee: The cost of a professional home inspection to check for structural issues or necessary repairs.
4. Title Insurance: Protects the buyer and lender from any legal disputes over the property’s ownership.
5. Attorney Fees: Legal fees for the services of an attorney to handle the closing process (required in some states).
6. Recording Fees: Fees charged by the local government to record the sale and transfer of the property.
7. Survey Fee: The cost of verifying the property’s boundaries and any potential encroachments.
8. Prepaid Costs: These can include property taxes, homeowners insurance, and mortgage interest paid upfront.
9. Private Mortgage Insurance (PMI): If your down payment is less than 20%, you may be required to pay PMI.

Down Payment on a Home Purchase.

A down payment is the amount of money a buyer pays upfront when purchasing a home, typically expressed as a percentage of the home’s purchase price. The size of the down payment can affect the mortgage terms, including the loan amount, interest rate, and monthly payments. Here are some typical down payment options:

1. Conventional Loans: These typically require a down payment of at least 3% to 20% of the home’s purchase price. A higher down payment can result in better loan terms and potentially avoiding PMI if the down payment is 20% or more.
2. FHA Loans: Insured by the Federal Housing Administration, these loans are popular with first-time homebuyers and require a minimum down payment of 3.5%.
3. VA Loans: Available to eligible veterans and active-duty military personnel, VA loans often require no down payment.
4. USDA Loans: Designed for rural homebuyers, USDA loans can also require no down payment.

Example Scenario

For a home priced at $300,000:

• Down Payment (20%): $60,000
• Closing Costs (estimated at 3%): $9,000

Total amount needed upfront: $69,000

Tips for Managing Costs

1. Shop Around for Lenders: Different lenders offer various loan terms and closing cost structures.
2. Negotiate with the Seller: Sometimes sellers are willing to cover part of the closing costs to facilitate the sale.
3. Ask About Closing Cost Assistance Programs: Some states and localities offer programs to help with closing costs for first-time buyers.

Understanding closing costs and down payments is crucial in budgeting for a home purchase and ensuring you are financially prepared for this significant investment.

https://www.gcamortgage.com/down-payment-for-home-purchase/

gcamortgage.com

Down Payment For Home Purchase Guidelines By Lenders

In this guide, we will cover down payment for home purchase requirements by mortgage lenders. Homebuyers planning to purchase a home have two types of costs

A homily early in Advent last year at St. Paul’s in Tampa, reminded me of a similar homily I heard years ago about prayer. There was a flood predicted and one man refused to heed the warning of the local authorities to vacate before the flood arrived, his answer was, “I will be fine I am praying to God.” Some hours passed and the flood worsened, the sheriff sent a boat to the man’s house to rescue him, “I am fine I am praying to God.” The boat left only to return three hours later and the man still refused to leave. Finally, the man was on his roof praying to God for help when just then a helicopter arrived to save him, still he refused, and he drowned.

When the man was greeted by God at the pearly gates he asked God, why He didn’t help him after praying so hard, God said “ I did help you I sent the sheriff, a boat and a helicopter.” The moral of the story is God answer prayers, maybe not the way we want, but He answers them.

I know God answers prayers, I don’t know how? I have prayed and prayed for things in my life, these prayers were not answered right away. If my prayer wasn’t answered, so I thought, it really was answered and the answer was “no.” God will give us the tools to help ourselves, we have to be aware of them and use them accordingly. I always pray, I wake up and pray, a prayer is constantly going through my head, and so many times the devil enters to trip me up with the words, he wants me to trip and fall so he can help me. It may have worked at one time, not now, and that’s the reason I am writing this story.

I pray to Padre Pio, “pray, hope and don’t worry,” that was Padre Pio’s mantra. I wear a St. Benedict medal attached to my crucifix to keep the devil away. For the last few weeks I have been wearing a Immaculate Mary medal on a black leather bracelet. I was never in the habit of praying to Mary, I do now and it works. My worries and troubles have not changed, but praying to Mary has eased my mind and prepared me for the future with a clearer head. This past Advent I prepared myself for the arrival of Jesus, and I have never felt so serene and so joyous. I know my prayers are being answered. In the end of this life I fully believe that praying has made a difference in my life. Pray!A homily early in Advent last year at St. Paul’s in Tampa, reminded me of a similar homily I heard years ago about prayer. There was a flood predicted and one man refused to heed the warning of the local authorities to vacate before the flood arrived, his answer was, “I will be fine I am praying to God.” Some hours passed and the flood worsened, the sheriff sent a boat to the man’s house to rescue him, “I am fine I am praying to God.” The boat left only to return three hours later and the man still refused to leave. Finally, the man was on his roof praying to God for help when just then a helicopter arrived to save him, still he refused, and he drowned.

When the man was greeted by God at the pearly gates he asked God, why He didn’t help him after praying so hard, God said “ I did help you I sent the sheriff, a boat and a helicopter.” The moral of the story is God answer prayers, maybe not the way we want, but He answers them.

I know God answers prayers, I don’t know how? I have prayed and prayed for things in my life, these prayers were not answered right away. If my prayer wasn’t answered, so I thought, it really was answered and the answer was “no.” God will give us the tools to help ourselves, we have to be aware of them and use them accordingly. I always pray, I wake up and pray, a prayer is constantly going through my head, and so many times the devil enters to trip me up with the words, he wants me to trip and fall so he can help me. It may have worked at one time, not now, and that’s the reason I am writing this story.

I pray to Padre Pio, “pray, hope and don’t worry,” that was Padre Pio’s mantra. I wear a St. Benedict medal attached to my crucifix to keep the devil away. For the last few weeks I have been wearing a Immaculate Mary medal on a black leather bracelet. I was never in the habit of praying to Mary, I do now and it works. My worries and troubles have not changed, but praying to Mary has eased my mind and prepared me for the future with a clearer head. This past Advent I prepared myself for the arrival of Jesus, and I have never felt so serene and so joyous. I know my prayers are being answered. In the end of this life I fully believe that praying has made a difference in my life. Pray!

I heard the great news from Gustan that Viral Website Developers will be launching a CRM for real estate agents and loan officers in one platform.. That is great news for realtors who are loan officers because we do not have to go back and forth between two CRM systems. Gloria and I are looking forward to seeing the newly designed one stop shop online loan officer and real estate CRM designed from Viral Website Developers.

Do counties in Florida require permits to build an ADU or tiny home in Florida? From what I heard accessory dwelling units and tiny houses can be built on private property as long as they meet the zoning and building codes of the specific local jurisdiction. Some counties and municipalities have specific regulations for tiny houses, including minimum square footage requirements and foundation specifications.

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

I own a property on five acres in Austin and I was thinking of building an accessory building unit on my property to use as an in-law suite or ADU for additional rental income. Can I build a tiny house or ADU on my property in Texas WITHOUT a building permit and a bunch of red tape??

Any loan officers or real estate agents know about the new federal law on non-competes for NMLS licensed loan officers?

https://www.facebook.com/share/cgEJD2Etq9fHit7p/?mibextid=oEMz7o

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Mike Kortas

I am super excited about the new rules for non-competes. These have been abused by so many mortgage companies hurting Loan Officers. It’s about time Loan Officers have the right to feed their...

What are the states that require distance requirements for loan officers from where they live to the mortgage branch they are sponsored from. There are about a dozen states that require mortgage loan originators to be tied and/or sponsored by a mortgage branch such as a 50 to 100 mile distance requirement. Does anyone know which states have the distance to residency requirements between the branch and the loan officer personal residence?

I appreciate the wealth of information on the Great Content Authority FORUM for the resources available in furthering my career as a branch manager and NMLS licensed loan officer. I could not believe what I have heard today by a fellow mortgage loan originator, a member of this forum, who owns her own mortgage brokerage company. My friend who owns her own mortgage broker company and is licensed in six states always had countless leads from states she was not licensed but could not monetize on those leads and realtor referral because of her mortgage brokerage only being licensed in three states. One of the options my friend had was give up her own mortgage broker shop and close it and join a larger mortgage company with NMLS licenses in most of the 50 states. However, her mortgage broker shop is her baby and she put a lot of sweat and equity in creating and launching her mortgage shop. The great news that was revealed to my friend which can apply to me is that a licensed mortgage loan officer can be licensed with multiple mortgage companies at the same time. Therefore, you can have and own your own mortgage shop licensed with a few states and simultaneously be sponsored with another mortgage company and be licensed in the states your own mortgage broker shop is not licensed. By doing so, you can be licensed in all or most of the 50 states and be in compliance and not worry about crossing the grey area. My friend asked me to reach out to @Bruce , Esq., MBA, LL.M. for more information. From my past experience, if a deal sounds too good to be true, it normally is. I would love to hear a lot more about this. I spoke to Danny Vesokie, President and Founder of Affiliated Business Partners, a commercial loan training school, and Danny did say to reach out to @Bruce . for more detail information because Bruce sponsored by three mortgage companies at the same time

https://www.youtube.com/watch?v=0TKHRlvHNWc

• This discussion was modified 1 year, 1 month ago by  Gustan Cho.
• This discussion was modified 8 months, 1 week ago by  Sapna Sharma.

Why would an owner of a company sell their company to an ESOP? What are the benefits of an ESOP?

North Korean Supreme Leader Kim Jong-Un is not too happy bring in competition with President Joe Biden.

Former President Donald Trump offered to buy everyone an ice cream at Dairy Cream. President Donald Trump then goes to the counter and asks the Dairy Cream counter cashier, excuse me.

Everyone Wants a Blizzard What’s a Blizzard? Get Everyone a Blizzard.

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THE PEOPLE'S PRESIDENT!!!

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CEO Mike Kortas terminates co-founder Mat Grella of NEXA Mortgage. More to come.

https://nationalmortgageprofessional.com/news/co-founder-mat-grella-terminated-nexa

Eligible active duty, retired, and eligible spouses of eligible deceased members of the United States Military can qualify for VA loans with bad credit. Getting approved for a VA loan with bad credit can be challenging, but it is possible under certain circumstances. Here are some key points regarding VA loans and bad credit:

1. Credit Score Requirements:
2. The VA does not have a minimum credit score requirement, but most VA-approved lenders typically require a credit score of at least 620.
3. Some lenders may consider applicants with scores as low as 580, but they will likely require compensating factors.
4. Compensating Factors:
5. VA lenders may be more flexible if you have compensating factors that offset the risk associated with a lower credit score.
6. Compensating factors can include a higher residual income, significant assets or cash reserves, or a strong employment history.
7. Credit History Analysis:
8. VA lenders will closely review your credit report to understand the reasons behind any derogatory items or late payments.
9. They may be more lenient if the negative items are due to extenuating circumstances, such as job loss, medical issues, or divorce.
10. Waiting Periods:
11. If you have previous derogatory events like bankruptcies, foreclosures, or short sales, there are mandatory waiting periods before you can qualify for a VA loan.
12. For Chapter 7 bankruptcy, the waiting period is usually 2 years.
13. For Chapter 13 bankruptcy, you may be eligible after 12 months of on-time payments.
14. For foreclosures and short sales, the waiting period is typically 2 years.
15. Debt-to-Income Ratio:
16. VA loans have more flexible debt-to-income ratio requirements compared to conventional loans.
17. Generally, your total monthly debt payments (including the new mortgage) should not exceed 41% of your gross monthly income.
18. Documentation:
19. Be prepared to provide documentation explaining any derogatory credit events, such as letters of explanation, proof of extenuating circumstances, and evidence of re-established credit.

It’s important to note that while the VA does not have strict credit score requirements, individual lenders may have their own overlays or stricter guidelines. Working with an experienced VA lender or mortgage broker can help you navigate the process and understand your specific eligibility based on your credit situation.

Additionally, taking steps to improve your credit score, reduce outstanding debts, and increase your cash reserves can significantly improve your chances of qualifying for a VA loan with bad credit.

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