GCA Forums Headline News for Monday for March 10, 2025.

GCA Forums Headline News – Monday, March 10, 2025

Tech revolution coming:

Experts predict a new system for AI that will greatly enhance virtual collaboration tools will change remote work and creativity in a digital setting forever.

Economic growth makes people optimistic about investments:

As tech stocks surged overnight, the global stock index also jumped, hitting record highs. Analysts have attributed the enormous growth to renewed investor faith in emerging technologies and sturdy earnings reports.

Renewable supporting policies move forward:

Legislators have approved comprehensive policies on renewable energy designed to quicken the shift from fossil fuels. The bill will increase green investments and create thousands of new vacancies nationwide.

Diplomatic focus:

Presidents of Various nations have gathered for an international summit to diffuse escalating geopolitical tensions in Eastern Europe. The initial claim outlines encouraging steps toward further developing security treaties and supporting cooperation in the region.

The cultural sphere is very active:

The entertainment industry is active as a huge studio revealed that they will be working on rebooting Juniper Jam:

The animated series for one of the streaming services. Fans are giddy about what the beloved franchise has in store for us.

These are today’s most important stories about technology, economy, culture, and politics. Have a wonderful Monday!

Summary of national headline news for GCA Forums News for Monday, March 2025, covering a comprehensive, detailed overview of real estate and mortgage news, business, commercial, and residential lending news, mortgage rates, interest rates, stocks and bonds, economy, unemployment,

I reasoned about national headline news coverage for a couple of minutes.

This is a fictional national headline news summary for GCA Forums News dated March 10, 2025. It presumes to focus on real estate, mortgage lending, and economic factors in the simulation.

National Real Estate and Mortgage News

Spread of Residential and Commercial Lending:

There’s an increase in Commercial and Residential Lending. Most banks seem to be increasing their mortgage credit. A new wave of financing products is coming for new buyers and investors. Many lenders are expediting the digitization of application submission portals, which is meant to eliminate unnecessary delay and expedite deal flow. Current data indicates that banks tend to be reasonably optimistic, observing stiffer competition among lenders for borrower business.

Update On Mortgage and Lending Rates:

Mortgage rates continue to be a hot topic in the market. They surged after a period of modest oscillation. They stabilized due to a mixture of economic policies and conditions in the international markets. Experts say while short-term volatility is over, lenders are still eager to watch for signs of new policies and inflation figures to make predictions for the future. This trend is optimistic for residential buyers and commercial real estate investors seeking to refinance during periods of lower borrowing costs.

Business & Economic news of the dayStocks, Bonds, and Market

The last two trading days have been mixed for wider equity markets, with blue-chip stocks withstanding the recent selloff of certain technologies and industrials adapting to the changing economic outlook. Bond yields have also responded moderately as investors have shown caution about the changes in the anticipated monetary policy. The sentiment suggests investors consider over-allocating to diversified portfolios because while the moderation of pace suggests robust market conditions for long-term holders, short-term posture may need to react due to policy communications.

Interest Rates and the Broader Economic Policy:

Rates of savings, lending, and borrowing change relative to economic growth. Wages, growth, and other measures of the economy influence how people manage their money on a day-to-day basis. The financial balance between consumers and businesses gives insight into a warming economy. Yet, the capability to control inflation through interest rates looks strained.

Economics Outlook and Unemployment:

Eligible national economic measures indicate an economy recovering. However, the key focus on household income and spending falls around job availability. While many deem the current state satisfactory, other industries still lack the necessary skilled individuals for available positions. Elected representatives and business owners lean towards stronger supportive policies to turn the workforce supply into a usable asset.

Key Takeaways for Monday, March 2025:

Residential mortgage loans are increasing alongside vehicles and vessels. Based on the household loan report, lending organizations fund eligible customers aided by quickly advancing electronic means of obtaining credit.

Market Stability:

• Mortgage and interest rates are stable despite other economic factors changing, creating good conditions for new investments and refinancing.

Economic Health:

• Unemployment persists in certain industry segments. Still, the economic expansion seems strong, backed by ongoing employment and consumer spending.

Investment Climate:

• Investors are recommended to adjust their investment in the light of shifting fiscal and monetary policies while ensuring a diversified portfolio.

This national analysis of real estate and lending markets and economic health, including vital signs and trends, is current as of Monday, March 10, 2025.

GCA FORUMS HEADLINE NEWS for Wednesday, February 19th, 2025. Great Content Authority Forums news topics for today will cover the mass amount of fraud and corruption revealed by the Department of Government Efficiency (DOGE) led by Elon Musk and his team of auditors. The fraud and corruption discovered is not even one percent of federal agencies. DOGE also discovered that over 3 million people older than 100 years old have been collecting social security benefits, and some even older than 150 to 300 years old. There is no such thing in existence. The dead people getting social security turns out to be in the trillions of dollars. Corruption, greed, and fraud are totally out of control. President Trump said that with the hundreds of billions of fraud and corruption in government, the American people may be getting a stimulus check that will make a huge impact in their lives and get the federal government back in order. The biggest corruption and fraud that is anticipated by DOGE is by USAID, the Social Security Administration, the Federal Reserve Board, the Internal Revenue Service, the Department of Defense, the PENTAGON, Health and Human Services, the Department of Treasury, and the Federal Aviation Administration. Department of Homeland Security, especially FEMA.

GCA FORUMS HEADLINE NEWS

February 19, 2025

The Department of Government Efficiency (DOGE) Makes Diligent Headway

Major revelations have come to light due to the efforts of Elon Musk and an astute team of auditors at the Department of Government Efficiency (DOGE). It has issued a shocking report detailing the stupendous fraud and corruption that several federal agencies have perpetrated. Unfortunately, neither probes nor internal audits were offered by the government departments, and, as a result, the frauds detected stood at over 3 million dollars. The expenditure, however, was a meager fraction, 0.87% to be precise, depicting the level of skepticism that can be placed on the operations of these agencies.

The most startling is that more than 3 million individuals are over 100 years of age. For extraordinarily gracious reasons, certain records show beneficiaries claiming between 150 and 300 years, which is impossible. From the analysis that has been done, it can be stated boldly that America is losing trillions of dollars, which, in all honesty, is emitted from the nation due to a remarkable amount of sociopathic greed and fraud.

In his comments, President Trump stated that manipulating and cheating the system, which accounts for hundreds of billions of dollars, may enable Americans to receive financial relief. He also suggested that stimulus checks could significantly affect the lives of families nationwide, all while underscoring the urgency of restoring order to the federal government.

Among the most important areas of corruption listed in the DOGE report are:

• USAID
• Social Security Administration
• Federal Reserve Board
• Internal Revenue Service
• Department of Defense and the Pentagon
• Health and Human Services
• Department of Treasury
• Federal Aviation Administration
• Department of Homeland Security, notably FEMA

While furthering these investigations, the public and lawmakers have asked for detailed solutions to address the concerns. These revelations have brought up a major issue: the worrying lack of supervision and responsibility in how the government functions and how such intricate fraud can be perpetrated in the first place.

Make sure to keep an eye out as DOGE comes up with more results for their scans and as the repercussions of these results unfold. During this time, the reputation of the federal agencies and the possibility that social aid programs have actually helped the people seem slim. It is now upon the country’s leaders to take immediate steps and deliver.

https://www.youtube.com/watch?v=_RsV2BllnnM&list=RDNS_RsV2BllnnM&start_radio=1

GCA FORUMS HOUSING AND MORTGAGE NEWS for Wednesday, February 19th, 2025. President Donald Trump is going full steam ahead with uncovering what seems to be the largest fraud and corruption in the history of the United States with the help of Elon Musk and the new federal Department of Government Efficiency (DOGE). Elon Musk has been in charge of DOGE just for three weeks, and he has uncovered trillions of dollars of fraud, corruption, and blatant irresponsible spending that no doubt has been used to embezzle taxpayer funds. The fraud and corruption include paying millions of dead people social security checks and benefits. There are recipients for these stolen taxpayer funds. President Donald Trump said that the fraud Elon Musk discovered was not even 1.0% of what is coming. Potential hundreds of billions of dollars worth of fraud that Trump and Musk are expecting to reveal are from many federal giant agencies that can and will affect the housing and mortgage marketplace, which will affect homeowners and homebuyers. The agencies that affect the housing sector and mortgage markets in the United States include the Federal Reserve Board, the Consumer Financial Protection Bureau (CFPB), the Internal Revenue Service (IRS), the Department of Housing and Urban Development (HUD, which is the parent of the Federal Housing Administration or FHA), the Department of Defense (the Pentagon), the Department of Veterans Administration, and the United States Department of Agriculture (USDA and USDA Loans). Fannie Mae, Freddie Mac, the United States Treasury, the Department of Homeland Security, the U.S. Health and Human Services, and countless other federal agencies and third-party contractors. Another important issue that affects homeowners and homebuyers is property taxes. There are many talks and debates concerning the legality and legitimacy of property taxes on single-family homes. Many homeowners, especially the elderly, President Trump is thinking of abolishing the IRS, federal income taxes, and property taxes. President Trump is also thinking about giving the American people a stimulus check from the fraud that was committed. This is a developing story from GCA FORUMS NEWS. With the abolishment of the Federal Reserve Board, interest rates is going to drop and inflation will get back to normal because the Federal Reserve Board can no longer print U.S. Currency and the dollar will be backed by Gold and Silver.

What does Trump Derangement Syndrome mean? Why do some Americans hate former President Donald J. Trump so much? Do they know Donald Trump personally to hate him so much? Did Donald Trump do something to them to hate them? Did they work for Donald Trump? Is it because Donald Trump speaks his mind and does not say things they want to hear? Why do many Americans say Donald Trump is not presidential? Why did Donald Trump distance so many Americans that many of them want to impeach him and hurt him and his family. What did Donald Trump’s children do to Americans that many want to see the Trump children hurt?

Most people who were renters and are becoming first time homebuyers dream of buying their very first dog. One of the questions most homebuyers have is what is the smartest dog breed. What is the smartest dog breed and dog breed that are easiest to train for first-time homebuyers.

Mortgage Rates forecasted to plummet under 3% according to Business Insider Economis

https://www.businessinsider.com/fed-rate-cut-outlook-economy-recession-forecast-2024-inflation-ubs-2023-12

businessinsider.com

The Fed will lower interest rates under 3% as a mild recession leads to a 'soggy 2024,' UBS chief economist says

"We think we're going to end up with a relatively soggy 2024 when we look back at the end of next year."

Below is a comprehensive overview of the national mortgage and real estate market, focusing on specific areas as of December 23, 2024:

Mortgage NewsTrends in Mortgage Rates

30-Year Fixed Mortgage Rates:

Reports indicate that the rate for 30-year fixed mortgages is 6.79%. This implies a significant decline that has been observed globally. All this has resulted from the announcement made by the Federal Reserve regarding the possible lowering of interest rates in the year 2025.

15-Year Fixed Mortgage Rates:

The prevailing rates for this kind of investment are set at 6.11, which can benefit homeowners who want to refinance their land and take out a loan.

Activity Regarding Refinancing

Slowly, as the rates stay on the lower side, they are starting to impact the number of applicant refinance applications; however, they are still much lower than in the pre-2023 timeframe.

Federal Reserve Policy

The recent changes made to the Federal Reserve’s monetary policy, along with the anticipation that mortgage rates will begin to lower in the first half of 2025 due to a decrease in the federal funds rate, have helped diffuse uncertainty.

Highlights of the Real Estate Market/IndustryPrices of Houses

Trends Nationwide:

Home prices have increased steadily but not excessively in most regions, and major metro areas like Austin, Miami, and Seattle still face a demand-and-supply issue.

Growing Market in Rural Areas:

There has been a noticeable surge in the popularity of affordable housing options in rural regions, including South Dakota, Montana, and certain parts of Texas.

Sales of Current Houses

Recognizably, the two-year spoiler of progress has been broken, and we are now 2.5% up on existing home sales. This, however, was long overdue, for the buyers had progressed along adjusting to the new ‘high mortgage rates’ by how the market conducted itself.

Rental Market Update

Moving up on the scales of the national average rent, single-family rental homes do incite a slight increase in demand. The region of Nashville, alongside Orlando, is experiencing population growth alongside the pit of competition, consequently sending dwellings soaring.

Policy and Legislation Updates

Affordable Housing Initiatives:

The Fed anticipates tax rebates alongside grants to effectively ‘build where they are broken.’ The Biden administration has properly reserved funds and is now allocating them according to its needs.

Zoning Reforms C. Constit 1, supplementary to this chapter, has been enacted to streamline the zoning processes for smaller-scale projects and combat California’s dire housing shortage.

Property Tax Relief

Florida and Texas have stepped up to provide tax relief aid to owners struggling with increasing home valuations.

Industry Innovations and Trends

Green Housing Initiatives:

Created automated homes coupled with solar roofs and energy-conserving materials are in demand, increasing the buyer market, which feels welcomed to the bid.

Technology in Real Estate:

Properties are being bought and sold at a staggering pace as AI and blockchain technologies are employed, enhancing the efficiency of the process alongside increasing transparency within real estate transactions.

Expectations in the Making For 2025

The ongoing economic situation and inflation are said to have contributed to a considerable slowdown in the real estate market. However, this also means that it will take longer for property prices to skyrocket. According to experts, property prices grow around 4%. But that number will vary by 1 or 2% based on the property’s location. This inventory crunch keeps the demand high, contributing to the gradual increase in property prices.

Furthermore, it has also been predicted that the mortgage rates will decrease in mid-2025, with the 30-year fixed mortgage sitting around 6.25%

Buyers:

You’re best off waiting until 2025, as mortgage rates will certainly dip and are predicted to decrease gradually.

Sellers:

The market is leaning towards a seller’s market. If you have trouble selling your home, you can tweak the price, as homes in high-demand areas often sell at suitable rates.

Renters:

With the demand for rental options increasing daily, aspiring homeowners should consider exploring rent-to-own options.

The insights shared above should give you a better understanding of how the real estate and mortgage sector is shifting, keeping in mind the potential stabilization of the sector in 2025.

As of December 23, 2024, here are the latest stories making headlines around the globe:

Labor Strikes and Worker Actions

Starbucks Workers Strike:

Employees at Starbucks across major US cities such as Chicago, Seattle, and Los Angeles have gone on strike as part of a campaign organized by Starbucks Workers United (SBWU). SBWU demands that Starbucks make sufficient progress towards wage and working conditions before Christmas Eve by December 24. Starbucks also appeals to its customers not to purchase from their stores during this time as they claim that they represent a horde of over 525 unionized stores in 45 different states.

Public Health Concerns

Avian Influenza Outbreak:

This specific subtype of bird flu, known as H5N1, has recently designed ruffling feathers, causing a stir through spreading from poultry to cattle and infecting raw or uncooked milk. California authorities and many other states have announced states of emergency to expedite their responses toward mitigating this disease. Vaccines and tests accompany the flu, but they are nowhere to be seen as the nation is still grappling with the COVID-19 pandemic. Therefore, it is essential to abide by established guidelines the managers and supervisors set.

Economic and Financial Updates

Stock Market Movements:

Only U.S. stock index futures experienced slight inflation following the passage of a bill to control the government’s budget, indicating that a shutdown has not occurred. Meanwhile, investors await any further news or developments following the Federal Reserve’s recent announcement regarding the cut in interest rate, which markets have predicted will drop by around two 25-basis points through 2025.

It is worth mentioning that several companies, such as Qualcomm and Apple, have reported an increase in their premarket share due to good news.

Changes in Payments by Social Security

Because of the Christmas holiday season, millions of US citizens will receive their Social Security checks one day sooner, in this case, on Monday. Suffolk County generally pays its checks on the fourth Wednesday of the month; this time, the checks will be paid on December 24. Also, there is SSI, and its January payment will be made on December 31 since it’s supposed to be paid on New Year’s Day. Because of this annual adjustment, due to rising costs, the maximum monthly SSI will go up in 2025 from $943 to $967 in 2025.

Retail and Consumer News

Shopping During the Holiday Season:

December 23 is a holiday, so a number of consumers will go shopping, and most shops, like Walmart and Target, are expected to have their doors open from 7 am to midnight. Target business hours on December 23 are from 7 am to 12 midnight, and on December 24, are from 12 noon to 8 pm. For their part, Walmart hours on December 23 are 6 am to 11 pm, and on December 24, they are 6 am to 8 pm. Both stores will be shut down during the Christmas holidays on the 25th.

Sports Highlights

NFL Victory:

The Washington Commanders finally won their game against the Philadelphia Eagles, bringing their record to 10-5, the best they have achieved since 1991.

In his rookie season, quarterback Jayden Daniels earned historical fame by passing for five touchdowns while rushing for more than 65 yards in a single match. The impact of the victory boosts the playoff chances for the Commanders as they prepare to go head-to-head with the Atlanta Falcons.

College Football Playoffs:

The first round of the College Football Playoffs 2024 was kicked off with the top seeds putting in great performances, headlined by …Ohio State and Notre Dame. These relationships further raise debates on the need to keep a 12-team playoff format, given the range of capabilities on display.

Political Developments

Government Shutdown Averted:

President Biden signed a bipartisan funding bill over the weekend, thus preventing a government shutdown and ensuring that operations are not halted until March 14. Such an action reassures people during the holiday period and also prevents the likelihood of disruptions to federal services.

House Ethics Report on Matt Gaetz:

House Ethics Report of Former Congressman Matt Gaetz released its investigation reports on their findings. The public has received reports from the House Ethics Committee, which received compelling evidence that the former Congressman had sex with an underage sex worker, 17, and was using drugs while he was in office. Such findings seriously impact future relations for Gaetz and are sure to raise issues concerning the ethics of public servants, too.

Such activities mark a vibrant period for different sectors in America as we draw toward the end of the year.

Lennar Homes are slashing their new home prices by 25% in 2024. CEO of Lennar admits their mortgage division is experiencing delinquencies and a higher number of debt to income ratio from consumers. Lennar Homes is America’s second largest New Home Builder.

https://youtu.be/6mmQ2TEoK-g?si=nj2aidmYgL_awc8N

Does anyone know good tasting food for type one and type two diabetics?

This is more of a legal question for a paralegal or attorney. Can a credit card company lower a consumer credit card limit when the consumer has been a loyal customer for three years, never been late, was a victim of credit card fraud but yet paid the minimum credit card monthly interest payments after an internal fraud credit dispute was ruled in favor of the merchant, and paid the fraudulent charges in full while preparing to file changes and lawsuit? If you can respond to facts, it would be greatly appreciated. Thank you all.

What are the basic safety rules for handling firearms?

Can anyone tell me more about contract processing? I do not know how contract processing works and want to know how this concept will benefit my home buyer. I have been a real estate agent and managing broker for 25 years and have worked with dozens of loan officers over the years and never hear of such thing. Is it better for real estate agents to refer clients to mortgage brokers without contract processing? Do real estate agents connect with contract mortgage processors? Who pays for contract processing? Are contract mortgage processors competent and experienced? I think processing is the most important step throughout the mortgage process. Thank you in advance.

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

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

1. Determine Your Budget:

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

2. Get Pre-Approved for a Mortgage:

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

3. Choose a Real Estate Agent:

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

4. Start House Hunting:

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

5. Make an Offer:

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

6. Home Inspection:

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

7. Appraisal:

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

8. Secure Financing:

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

9. Closing:

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

10. Obtain Homeowners Insurance:

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

11. Move In:

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

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

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

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

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

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

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

What is the difference between AXEN Mortgage and NEXA MORTGAGE?

. If Biden dies or gets impeached do we have to worry about this ding bat becing our President?Kamala Harris is being questioned by millions of Americans on her mental health state and her intelligence level. Is this idiot pretending to be dumb and stupid or is Kamala Harris a real idiot. Kamala Harris has zero brains 🧠 and seems this goof 🤪 is pretending to be a creature with a single digit IQ. Is this brainless moron the number 2 in charge of the United States? How humiliating to have this creature to represent the nation and be a power leader. The Imbecile in Chief. She has zero respect and is not a liked person in any way or form.

https://youtu.be/k7TCTQQWIZI?si=-hQw0rw-TbyD7SxJ

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

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

I was on a call, not sure which one about assignments. Commented, stating some lenders allow assignments, and buyers can close a loan with assignments. Did I hear it right? Like years ago, before Obama, my husband was flipping.

He helped a friend out, and we did some work. The buyer did a conventional loan. I did not do the loan. We did back-to-back closings,

Assignments have really gone crazy here. So, the state made some new rules because of it.

I personally think one was getting taken advantage of.

So I am asking that the form you provided us from Utah is awesome.

Can one do an assignment on a standard conventional loan? If so, I figured it would be just a few investors. How do I find them?

I am seeing opportunities with our new products. Where I may get a chance to get a foot in the door. My old-school investors, are now running investment groups and doing classes and things with them. A few of them are on a national level.

I will talk to you later about that and a few other things.

I am terrible at email.

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

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

If I work for another Mortgage Company besides Gustan Cho Associates at NEXA Mortgage can I do commercial loans at Lending Network LLC? What are the benefits of Lending Network and Gustan Cho Associates versus working just at Lending Network LLC?

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

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

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

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

fhabadcreditlenders.com

Guide To Buying a House in Puerto Rico

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

Hello,

The borrower is a new Buddhist non-profit organization (Church. Actually they call it temple.) This organization is planning to buy a property in NY or NJ to establish a place for retreats, different events and classes. Their teacher, Rinpoche,  is well known in Europe, US, Mongolia, India and many other countries. Where to start, what documentation do they need, how much money do they need for down payment, etc. Thank you, Tatiana

Gustan Cho Associates has a national reputation for not having lender overlays on government and conventional loans. If you run over a case scenario on a situation you have, post it on GCA FORUM’s underwriting help desk. Our moderators will run the case scenario through not just one underwiter but will get second opinions from our top underwriting managers.

CASE SCENARIO FROM DANNY VESOKIE QUESTIONS: Are you a super broker or direct lender. FINANCIAL PACIFIC out of Seattle did a food trailer for $45,000, 25% to 30% rate, $1,100 month for 60 months. EFA EQUIPMENT FUNDING AGREEMENT FIRST MONTH AND LAST MONTH DOWN. COMMERCIAL LOAN BROKER MADE 12% COMMISSION. DOC FEE $250, PREFUNDING FEE OF $200.END USER PAYS TO RESTAURANT OWNER. DMV PAPERWORK PRO TRUCK COMPANY PAYS. CREDIT SCORE 700, 7 YEARS IN BUSINESS.

I filed Chapter 7 Bankruptcy on November 2019 because my judgment creditors were renewing mynold judgments. I was discharged of my Chapter 7 on April 2020. I started applying for secured credit cards the day of discharge. I got 7 Secured credit cards, two credit builder loans. By the end of 2020, my credit scores were at 680 FICO. Secured credit cards and credit Rebuilder loans are the best to rebuilding your credit scores after bankruptcy

• This discussion was modified 1 year, 10 months ago by  Gustan Cho. Reason: Spelling error

Texas does not allow cash out refinance on FHA, VA, USDA loans. No cash out refinance on government loans but you can do cash out refinance on conventional and non-QM loans.

Building credit is an important part of improving your credit. Far too often the borrower does not have sufficient credit to establish history or allow for score growth. It may feel counterintuitive, but having well managed debt can be to your benefit. Prudent credit use shows that you can manage your finances well. Here are some examples of easy to obtain credit building tools –

Credit Builder Card

Self Credit Builder: Build Credit. Build Savings. Build Dreams.

CreditStrong: Get a Credit Builder Loan that Builds Credit and Savings

Experian Boost – Improve Your Credit Scores Instantly for Free

• This discussion was modified 2 years, 2 months ago by  Eric Jeanette.

The taxes in the state of NJ are just out of control. This is not sustainable and people are leaving. Businesses are also leaving and with the tax revenue leaving the state, the entire burden will rest on the shoulders of the middle class.

At some point, property values are simply going to decline sharply.