For most FHA forward loans, purchase and refinance, the one-time charge for Up Front Mortgage Insurance Premium (UFMIP) stays at 1.75% of the base loan amount. This fee is the same whether the loan is for 15 years or 30 years, regardless of the loan-to-value ratio. Lenders generally roll this fee into the mortgage amount; however, the borrower…

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Yes, there is hope. You’ve probably heard that a discharge in bankruptcy means the end of the world for you. Fear not! Discharged bankruptcy usually falls off your credit report after 10 years (for Chapter 7) and after 7 years (for Chapter 13). Debts of deceased parents are paid from the estate and are not paid by family members, unless you are…

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I have been trying to save my parents property since there death. I filed Bankruptcy, but it was discharged. I was unable to financially keep it but now it’s on my credit, is there hope for me?

Every DPA program has its own rules, regulationss, and guidelines. Homeowner may need need to read the second. Most have a 5 year waiting period. Some will forgive 1% for each year then after 5 it’s gone. If they refi or sell it has to be satisfied.

What are the latest HUD GUIDELINES on the 9ne time up-front, front-end and the annual FHA MIP pn 15 year and 30 year fixed rate Mortgage loans versus loan-to-value? Will the Upfront and annual FHA MORTGAGE INSURANCE PREMIUM BE PARTIALLY CREDITED?

I have a few questions where I am getting conflicting answers. Let’s say a homebuyer bought a house for $400,000 with an FHA loan with a down payment assistance program where the Lender awarded the buyer a 3,5% non-forgiveable 3.5% second mortgage at 0% interest rate. However the down payment awarded needs to be paid back when the…

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Great 👍 blast from the past

Cool 😎 song

Rod Blagojevich joins Greta Van Susteren for a candid and wide-ranging conversation on this episode of Greta Wire.

The former Illinois governor looks back on the prosecution that ended his political career, his years in federal prison, and why he believes he was an early target of the same kind of “lawfare” later used against President Donald…

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This video, presented by Nicholas Gerli of Reventure Consulting, analyzes the significant decline in real estate investor activity in the U.S. housing market, which he describes as the biggest exodus since 2008.

Key Takeaways:

Investor Collapse: Nationally, investor home purchases have plummeted over 50% from their pandemic peak, hitting levels…

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AI-assisted SEO tools offer many of the features MLOs need, but they can’t do everything. You usually need several tools in a stack to cover all aspects, requiring separate tools for technical SEO, AI detection, backlink analysis, and outreach.

Sure, AI-assisted SEO tools appear to have lots of features required by MLOs; however, most of these…

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https://www.bbb.org/us/il/westmont/profile/mortgage-broker/gustan-cho-associates-0654-1000038430

Hi Gustan,

If you’re working with clients who feel stuck between staying put and making their next move, HomeLight’s Buy Before You Sell (BBYS) paired with UWM’s 1-0 lender-paid buydown can be a powerful solution.

BBYS helps qualified homeowners purchase their next home before selling their current one, while UWM’s buydown can help ease…

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Final set of photos of my little rascals

MORE PHOTOS OF MY BABIES They love going for rides.

Great day today. Took Chase, Skylar, Big Girl Sage, and Gunner to UBREAKIFIX Computer Shop to visit Kai Knight to have Samsung Tablet adjusted and my Dell Computer programmed. Sage enjoyed the trip.

I think political leaders and politicians need to clear up the chemical trails sprayed by jets in the air. If ita conspiracy theory and GLOBALISTS LIKE BILL GATES, Former President Barack Obama and Dr. Anthony Fauci is not trying to depopulate the World population by killing people who are 70 years of age and older thenlets have a Town Hall…

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