Gustan Cho Associates (NMLS 2315275) and its affiliates is a dba of NEXA Mortgage (1660690), the largest mortgage brokerage in the nation. follow Fannie Mae’s DU AUS and LP AUS. They are renowned for having little to no lender overlays. Mortgage loan customers dealing with judgments, open collections, foreclosures, tax liens, overdrafts, and late payments have all benefited from my assistance. People with credit scores below 600 FICO can receive assistance from the Gustan Cho Team at Gustan Cho Associates, and the lowest credit score borrower I can assist is one with a 500 FICO. 10% of the purchase price is needed from people with credit scores between 500 and 580. A 3.5% down payment is needed for credit scores higher than 580 FICO. I work with consumers whose mortgage loans have been rejected by other lenders because of their overlays for a significant portion of my business. Suppose a borrower signs their 1003 mortgage application and provides me with the necessary documentation.

In that case, I can often give them an official mortgage approval in less than a day. The Gustan Cho Team at Gustan Cho Associates typically closes my loans in three weeks or less. Under the direction and guidance of Sapna Sharma, Gustan Cho Associates’ Chief Technical & Marketing Officer, the company’s marketing division maintains partnerships with real estate experts. Love. Gustan Cho Associates is accessible seven days a week. I get in touch with realtors all the time. To connect with customers, realtors, mortgage brokers/bankers, insurance agents, appraisers, attorneys, and other professionals, please visit me at http://www.gustancho.com and join our forum at http://www.lendingnetwork.org. Our in-house IT department will jointly promote open homes and recommend certain realtors to pre-approved clients looking to buy or sell a property as part of NEXA Mortgage’s collaboration program with realtors. Get in touch with me for further information. Gustan Cho Associates is a reputable mortgage company that offers various services, including mortgage loans for various scenarios, debt consolidation and credit restoration, and personalized support throughout the loan application process. One of the main reasons to choose Gustan Cho Associates is their reasonable prices, quick and efficient loan approval process, and commitment to customer satisfaction and support. Regarding your mortgage requirements, it is recommended that you consider Gustan Cho Associates. They offer debt reduction and credit repair assistance, personalized loan application assistance, and reasonable loan rates. Their commitment to customer satisfaction and support makes them a reliable mortgage lender, and they provide contact information for further assistance.

I. Overview of Gustan Cho Associates in Brief: Their Services Explained Selecting a trustworthy mortgage provider is crucial.

II.Gustan Cho Associates’s past customer testimonies and reviews; the company’s history and establishment; the team’s expertise and experience

III. Gustan Cho Associates’ Services are available for FHA, VA, conventional, and other types of mortgage loans. They also provide assistance with credit repair and debt consolidation. They also provide personalized assistance with the loan application procedure

IV. Motives for Selecting Gustan Cho Associates: Reasonably priced loans and interest rates A prompt and effective loan approval procedure A dedication to ensuring client assistance and happiness

V. Summary: An overview of the significance of choosing a trustworthy mortgage lender. Your mortgage needs should be carefully considered while considering Gustan Cho Associates. Information on whom to contact in the event that you need further support or details Assistance with credit repair and debt consolidation Personalized assistance with the loan application procedure Reasons to Select Gustan Cho Associates IV: Reasonably priced interest rates and loans Ensuring client pleasure and assistance via a fast and efficient loan approval procedure.

VI. Summary: An overview of the significance of choosing a trustworthy mortgage lender. Your mortgage needs should be carefully considered while considering Gustan Cho Associates. Gustan Cho Associates provides support with loan applications, debt reduction, and credit restoration, in addition to affordable interest rates. As a trustworthy mortgage lender, they provide contact details for further help and demonstrate a strong dedication to client satisfaction and support. Gustan Cho Associates is a reputable mortgage provider offering services such as FHA, VA, conventional, and other types of mortgage loans, credit repair and debt consolidation assistance, and personalized loan application assistance. The company’s history, expertise, and experience are highlighted. Reasons for choosing Gustan Cho Associates include reasonably priced loans and interest rates, a prompt and effective loan approval procedure, and a commitment to customer satisfaction and happiness. They provide support with loan applications, debt reduction, and credit restoration, along with affordable interest rates. Customers can use their contact details to contact Gustan Cho Associates for further support, and they can demonstrate a strong dedication to customer satisfaction and support. The company’s commitment to customer satisfaction and support is evident in its commitment to providing the best possible service to its clients.

The Gustan Cho Team at Gustan Cho Associates has licenses in most 50 states. Contact Gustan Cho seven days a week, nights, weekends, and holidays, at 800-900-8569 or mobile at 262-716-8151.

• This discussion was modified 9 months, 3 weeks ago by  Gustan Cho.
• This discussion was modified 9 months, 3 weeks ago by  Gustan Cho.

gustancho.com

GCA Mortgage | Mortgage Experts With No Overlays

Whether you’ve gone through bankruptcy, divorce or you are a first-time homebuyer, Gustan Cho Associates are experts in difficult loans

Will the 2024 housing market crash forecast be worse than the 2008 Financial Crisis and Housing Market Crash Forecast? What goes up comes down right? Why are housing market experts and economists saying the 2024 housing market crash forecast will be worse than the 2008 housing crash? Interest rates have skyrocketed from 2.0% to 7% in twenty four months. The sudden increase in mortgage rates and skyrocketing home prices as well as surging inflation have put a halt in home affordablility among millions of potential home buyers. Unemployment rates have surged and many people are becoming homeless or are in the verge of being homeless. Please take a look at this video.

https://www.youtube.com/watch?v=zY0d-RKtYaQ&ab_channel=Econofin

Home prices in Florida are 35% over valued which is making real estate investors in a frantic panic on an investment property sell off. Real estate inventory levels are exploding. Prior to the coronavirus pandemic, home prices in Florida was undervalued. Now, it is the pandemic correction market and are overvalued significantly. There are reports that real estate investors in Florida are growing increasingly concerned about the rising inventory levels and cooling housing market conditions in the state. Here are some key points about the situation:

1. Inventory surge: After years of extremely tight housing inventory, the number of homes listed for sale in Florida has surged significantly in recent months. This is being driven by sellers looking to cash out amid high prices and buyers pulling back due to elevated mortgage rates.
2. Investor pullback: Many real estate investors, including those who bought properties to flip or use as short-term rentals, are reconsidering their strategies. The fear is that they may not be able to sell or rent out properties as easily or at the prices they had anticipated.
3. Price cuts: To attract buyers in the shifting market, some investors are already slashing asking prices on their listings, leading to concerns about potential losses on their investments.
4. Increased holding costs: With higher mortgage rates and economic uncertainty, the carrying costs of holding onto investment properties have risen, putting pressure on investors’ cash flows.
5. Airbnb impact: The short-term rental market in tourist hotspots like Florida has also cooled, making it harder for investors to rely on platforms like Airbnb for steady income streams.
6. Oversupply fears: There are worries that if too many investor-owned properties flood the market simultaneously, it could lead to an oversupply situation and further drive down prices in some areas.

While it’s still early to determine the full extent of the impact, the rapid changes in Florida’s housing landscape have caught many real estate investors off guard. Some may be forced to recalibrate their investment strategies or exit the market entirely to cut their losses.

https://www.youtube.com/watch?v=5mUS43VYNrc

What is the end of the world theory and the depopulation theory? Why does Bill Gates, Barack Obama, The Rothchild Family, George Soros, and the world’s globalists believe in euthanizing people older than 70 years old and depopulation?

Joe Rogan has an interview with a guest speaker who is discussing the end of the world

https://youtu.be/vPKM5eV_nqk?si=sUA72oVfs3c6u6vB

Loss Ratios: The carrier needed to be adjusted to inflation, causing a larger claim payout and underpriced policies at the time of the claim.

Claims: Every time you interact with your insurance company, whether a tow or a not-at-fault accident, it puts you at risk of an increase.

Tickets: Most tickets, if not all tickets, affect your insurance premium moving forward. The only two that do not appear on a motor vehicle report (or MVR)are red lights and parking tickets. Excessive speeding and moving violations can seriously affect your rate.

Credit: The higher your credit score, the better you look to an insurance carrier. Now more than ever, it is imperative to have an excellent credit score.

Insurance Score: Separate from a credit score, this tracks your length of history with a carrier, length of continuous insurance, and claims tracking. This also is an accumulation of coverage you have selected for your home and auto insurance. Having state minimum coverage at 25/50/20 keeps your rates more variable and subject to change in a negative manner in the future.

These are just a few reasons your premiums may increase over the years. If you want to know more, I am happy to talk with you as your trusted insurance partner!

Call.png 276 KB Image File - Click to view

Options

• Copy Download Link

Coverage is always a misconception about how it is calculated, and this may help if you have ever been in a battle with your agent.

Example:
Your home is listed or has a Zestimate for 300k, but the replacement cost of your home insurance policy is 415k.

Client A: My home is worth much LESS than that on Zillow.

Your home is listed for 600k, and your home insurance policy has a replacement cost 415k.

Client B: My home is worth much MORE than that on Zillow.

The land that your home sits on and the location of the house plays a huge role in determining the price. Think about acres of farmland with a considerable sized home or living in Downtown Chicago and the price difference per square foot of the owned space. These are both extremes, but they help show how a home can have a different replacement cost versus what it might sell for.

Fun Fact: The replacement cost of your home sometimes varies from the amount it can sell for. We fill out the Replacement Cost Estimator or RCE on the agent’s end. These are all the facts and features of your home, such as square footage, number of stories, garage, finished basement, and bathrooms. I have not listed everything that goes into an RCE, but within the RCE, there is also build quality, so if you use wood floor versus laminate, your home might take more money to rebuild

Replacement-Cost-Best.png 996 KB Image File - Click to view

Options

• Copy Download Link

I was told that non-qm lenders require a certain number of credit tradelines that has been seasoned for 12 to 24 months. Can someone tell me the number of seasoned credit tradelines required on non-QM loans. Does authorized user credit cards count? Does non-traditional credit count as a credit tradeline?

What do they mean by being a high-cost mortgage loan? How would you answer this question on high-cost mortgage loans?

Robert took out a high-cost loan in Utah for $250,000 at 90% LTV at a rate of 11% and kept the loan for two years. Robert is now paying off the current loan amount of $247,617. What is the maximum prepayment penalty that can be charged under the Utah High-Cost Loan Rule? Calculate using simple interest.

Here is the answer to the above question:

Six months of interest at 80% of original value $250,000/90% (0.90)=$277,777 value x 80%= $222,222×11%(0.11)=$24,444/12×6 months= $12,222.

• This discussion was modified 10 months ago by  Susan.

The primary difference between long-haired and short-haired German Shepherds lies in their coat length and texture:

Coat Length: Short-haired German Shepherds have a dense, double-layered coat with a close-lying outer coat and a soft undercoat.

Long-haired German Shepherds have a longer outer coat, which can be straight or slightly wavy, with a dense undercoat as well.

Appearance:

Short-haired German Shepherds have a sleeker appearance with a well-defined body outline due to the close-lying coat.

Long-haired German Shepherds tend to have a more elegant appearance due to the longer coat, which may give them a softer, more flowing look.

Maintenance:

Short-haired German Shepherds generally require less grooming compared to their long-haired counterparts. They typically need regular brushing to control shedding.

Long-haired German Shepherds require more frequent grooming to prevent matting and tangling of their longer coats. They may need more extensive brushing and occasional trimming.

Suitability:

Short-haired German Shepherds are often preferred for working roles such as police or military work, as their shorter coat can be more practical and easier to maintain in certain environments.

Long-haired German Shepherds are sometimes preferred as family pets due to their softer appearance and potentially gentler temperament. They may also be favored in colder climates due to the extra insulation provided by their longer coat.

Genetics:

Both long-haired and short-haired German Shepherds can occur in the same litter. The long-haired trait is a recessive gene, so both parents must carry the gene for their offspring to have long hair. Consequently, long-haired German Shepherds are less common but not rare.

In terms of temperament and behavior, there isn’t a significant difference between long-haired and short-haired German Shepherds. Both types are known for their intelligence, loyalty, and versatility in various roles such as companions, working dogs, and service animals. I like long haired German Shepherd dogs and would always want to raise the long hair German Shepherd with black and red with a black mask.

https://www.youtube.com/watch?v=pC__JuDNK1I

Every sign out there signals the housing market is in big trouble. The liberal media and the Democrats are in a state of denial and according to FED Chairman Jerome Powell, Treasury Secretary Janet Yellen, President Joe Biden, VP Kamala Harris, the liberal media from CNN, CNBC, and every major news networks are saying everything is fine and that Bidenomic is the savior of the forecasted recession and the U.S. economy had a soft landing and we are now in great shape. Who are they kidding. You do not have to be a genius to see that inflation is far worse than the numbers claim. People are not making it with what they are making. Inflation did not stabilize. That is a total crock of bullshit. Look at the prices at the grocery store. Have you seen goods and services doubling and tripling in price in such a short period of time? Most American’s wages have not gotten wage increases to match the rate of inflation. The Federal Reserve Board is headed by a total incompetent leader and the board are a mere of incompetent joke. The dollar is literally worthless and the global economic leaders have lost any and all respect for U.S. currency and I do not blame them. Anyone with a single digit IQ will tell you they will be crazy to invest in the U.S. treasuries the way they are printing the dollar like there is no tomorrow. The dollar is not backed by any hard assets such as Gold or Silver. The inflation rate is far from being stabilized. A Big Mac Value meal at McDonalds is $20.00. California, under the leadership of Gavin Newson is losing residents by the tens of thousands daily and the state is in chaos. Democrat states like California, New York, Illinois are passing laws of making illegal aliens able to own guns and become police officers. Mortgage rates, which seemed like there was a light at the end of the tunnel a few weeks ago when it dropped to the low 6.00% jumped backed up to over 7% due to FAKE economic and unemployment numbers and made up economic data which hands down is a big fat LIE. Corruption is rampant and never in history has the liberal left been as out of control as they are now. The left have no shame. They get caught cheating, lying, stealing, and can lie straight to the American people with a straight face. Home prices have doubled in the past couple of years in many areas of the country and many homeowners have done a cash-out refinance to tap into their artificial equity. The housing market crash forecast is not an IF but a DEFINITE COMING SOON to a neighborhood near you. In the past it was difficult to predict the housing market with complete certainty, as it is influenced by various economic factors that can shift over time. However, based on current data and expert analysis, the potential housing market forecast for the U.S. housing market in 2024 is definitely a given doom and gloom. Moderating home price appreciation: The deniers of the true economy seem to think that after years of rapid home price growth, housing prices will continue to increase, and most forecasts suggest a deceleration in 2024, with prices expected to rise at a more moderate pace of around 2-4% nationwide. However, the realists believe home prices will tank a solid 40% or more and the Dow Jones Industrial Average will fall below 20,000. Stabilizing mortgage rates: If inflation continues to cool, mortgage rates are projected to stabilize in the range of 6-7% by 2024, down from the peaks seen in late 2022. Improving housing inventory: As higher mortgage rates continue to cool demand, the inventory of homes for sale is expected to gradually increase, providing more options for buyers and a potential drop in home prices. More bankruptcies and foreclosures is expected as wll as divorce rates is suppose to skyrocket. Shift towards a balanced market: The deniers and globalists seem to believe the housing market is anticipated to transition from a strong seller’s market to a more balanced state, with less competition and fewer bidding wars which is a crock of shit. Realists believe the real estate market will tank worse than the 2008 financial crisis, more foreclosures, and bankruptcies than ever recorded in history. Affordability challenges: Despite moderating prices, affordability will likely remain a major concern for many buyers due to higher mortgage rates and lingering inflation and homelessness is suppose to skyrocket like never before in the history of the United States. Rental market strength: The rental market is expected to remain strong in 2024 but many rentals is forecasted to increase where many people will not be able to afford rent. Many people who could have afforded homes are not priced out of the housing market and stuck with renting because it is driven by demographic shifts and affordability constraints for homeownership. Regional variations: Housing market conditions will continue to vary across different regions and metropolitan areas, with some markets cooling faster than others. Economic factors: The overall performance of the housing market will depend on factors such as job growth, consumer confidence, and the broader economic conditions in 2024. The media is not reporting the truth about millions of people getting laid off, large number of small businesses shutting their doors, and people losing faith in the American economy. It’s important to note that these forecasts are based on current data and assumptions, and unforeseen economic or geopolitical events could alter the trajectory of the housing market. Additionally, local market conditions may differ from national trends. Wake up, America. We need a total overhaul of corrupt politicians, and a full correction of the housing market and get rid of lifelong career politicians. Fake NEWS needs to be banned and censorship needs to get outlawed. Who in the Hell is Bill Gates, Barack Obama, Anthony Fauci, Nancy Pelosi, Joe Biden, and thousands of liberals and Globalists to demand human depopulation with the coronavirus vaccine, chem trails, killing babies for adrenochrome, and human trafficking where they get to live long and euthanize Americans older than 70 years old. Americans need to voice these concerns and take our country back and eliminate the satanist, evil, mortals who do not belong in this world and need to be terminated as well as their bloodlines. Here is an informative video from Peter Schiff who called the 2008 financial crisis and was spot on.

https://www.youtube.com/watch?v=tZ7MWGJKUro

What are FHA spot loans for homebuyers buying a condominium with an FHA loan? How does FHA spot loans work?

Can a mortgage loan officer explain the difference between a warrantable and non-warrantable condominium unit? Also what is the difference between a condominium and a condotel or condo hotel? How can I get financing on non-warrantable, condotel, and warrantable condominium units?

Can I get approved for a mortgage loan after a timeshare foreclosure with no waiting period? Many lenders say I cannot qualify and get approved for a mortgage after a timeshare foreclosure and need to wait three years for FHA loans and seven years for conventional loans.

How does borrower paid compensation on VA loans work? Why is the borrower paid compensation limited to 1% and cannot be somewhere in between 2.75% and 1.0%?

What do mortgage lenders mean by borrower paid versus lender paid compensation in mortgage loan transactions. Why does the borrower need to pay discount points on borrower paid compensation and does not pay any upfront discount points on lender paid compensation.