I have a question I asked multiple people who are called expert loan officers and credit repair geniuses but I am getting conflicting answers. I want to know if a consumer needs to get his credit scores up for a mortgage to a 640 FICO. He has never missed a monthly payment and has perfect payment history the past five years. He has 10 credit card accounts with all of them maxed to the credit limit. Here are the credit card balances and credit card limit. His middlw credit score is currently 525. Question is what credit card should he pay down the balance to lower his credit utilization ratio. Should he start paying down the lower limit credit first or should he pay down the higher credit limit credit card first. Here is his credit cards, the balances, and the credit limit.

CREDIT CARD. BALANCE LIMIT

1. DISCOVER $498. $500

2. CAPITAL ONE. $470. $500

3. CREDIT ONE. $490. $500

4. SELF VISA. $1,500. $1,490

5. TRUMP CARD $4,000. $4000.

6. JOURNEY CARD $2,130 $$2,200

7. CREDIT PLUS $3,490. ,$3,500

8. BUDDY VISA $1,500. $1,600

10. MISSION LANE $1498 $1,500

I have learned recently that Venice, Italy, is charging 5 euros to gain entry to the city. The city has experienced a high volume of profit. There are peak times that they charge; there are 29 dates from April to mid-July, mostly holidays and weekends, between 8:30 a.m. and 4 p.m..

Realizing that nothing in Venice costs under 5 euros, including coffee, it’s not too expensive in the big picture. The profit so far is 2.43 million euros, or about 2.75 million US dollars. That’s a lot of espressos.

Some people asked, “Why should I pay an entrance fee to a city?” It wouldn’t fly in New York City; imagine putting a turnstile at all the various ways to enter the city. They actually do have tolls, which is sort of the same thing. The E-Z pass for bridges and tunnels entering the city is $11.00-$14.00, depending on peak hours. Chicago and San Francisco all have these tolls; travel is a curse. They charge to enter Disneyland and Epcot. The only advantage is that in Disneyland and Venice, you don’t drive. Trams in Disneyland, gondolas, and water taxis in Venice.

There is always a side hustle to these fees, and there is no way to escape them. If you drive or walk, you are charged. Parking at sporting events is so expensive that gas is taxed and relaxed.

Wouldn’t it be Utopia if there was a society that existed with no cars, no gas, no taxes, and no entrance fees?

Can anyone make a suggestion? Maybe artistic intelligence can answer this riddle.

Once Joe Biden realizes he quit, he is going to be pissed off!

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

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

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

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

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

How does OTC New Construction Loans work on Conventional Loans. What are the eligibility requirements for one-time-close new construction loans? What can you build with OTC New Construction Loans. What is the mortgage process on OTC NEW CONSTRUCTION LOANS? What is the down payment requirements, credit score guideliines, debt-to-income requirements, and what type of property can you build?

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

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

Another message from the one and only, Kevin DeLory. Thank you Kevin, for sharing

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Non-QM Mortgage Brokers is a national mortgage broker and correspondent lender licensed in 48 states, including Washington, DC, Puerto Rico, and the United States Virgin Islands. Non-QM Mortgage Brokers is a wholly-owned subsidiary of Gustan Cho Associates, Inc. Gustan Cho Associates, also referred to as GCA Mortgage Group NMLS 2315275 is a dba of NEXA Mortgage, LLC NMLS 1660690, the nation’s largest mortgage broker and correspondent lender with nearly 3,000 licensed mortgage loan originators and equally number of support, operations, and third-party independent contractor service providers. Non-QM Mortgage Brokers specialize in providing mortgage options for individuals who may need to meet the standard lending criteria set by the Consumer Financial Protection Bureau (CFPB). Licensed mortgage loan originators at Non-QM Mortgage Brokers offer more flexible mortgage loans regarding income and credit requirements, which can benefit borrowers such as business owners, self-employed individuals, and gig workers.

Here are some key features of non-QM loans:

Flexible Income Documentation: Borrowers may use alternative methods, such as tax returns, bank statements, or 1099s, to demonstrate their ability to repay the loan.

Higher Debt Limits: Some non-QM loans allow for debt-to-income ratios over 50%, compared to the standard 43%.

No Waiting Period After Bankruptcy: Certain non-QM loans do not require a waiting period after bankruptcy or foreclosure, enabling quicker access to a mortgage.

Higher Down Payment Requirements: Non-QM loans often require a larger down payment, typically between 15% to 20%.

Higher Interest Rates: Due to the increased risk associated with these loans, non-QM mortgages usually come with higher interest rates.

If you’re considering a non-QM loan, it’s important to shop around and compare offers from different lenders to find the best terms for your situation. Remember that while non-QM loans can provide a path to homeownership for those who don’t qualify for traditional mortgages, they also come with higher costs and risks. It’s advisable to consult with a financial advisor or mortgage broker to understand all the implications before proceeding. Non-QM Mortgage Brokers is the nation’s largest mortgage broker of non-qualified mortgages. For more information, visit us at Non-QM Mortgage Brokers, Inc. at

https://www.non-qmmortgagebrokers.com/

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What is the reason Great Content Authority (GCA) FORUMS is experiencing explosive growth is blowing away all other online message boards including Quora and Reddit. What makes everyone on the internet want to go visit and become a member of GCA FORUMS. I HAVE fact-checked verified information about Great Content Authority (GCA) FORUMS experiencing explosive growth or outperforming other online platforms like Quora and Reddit. However, I don’t have access to real-time data or insider information about emerging platforms. With concrete data and reliable sources, I can confirm and explain the growth describing Great Content Authority FORUMS and SUBFORUMS. Online platform success of Great Content Authority FORUMS (GCA FORUMS) can be due to many factors, including:

1. Unique features or user experience
2. Effective marketing strategies
3. Timing and market conditions
4. High-quality content or discussions
5. Strong community engagement
6. Niche focus or specialized content
7. Viral growth through word-of-mouth

However, these are general factors and may not apply specifically to GCA FORUMS. There is solid reasons why GCA FORUMS is indeed experiencing rapid growth. That is because GCA FORUMS is powered by Gustan Cho Associates, a dba of NEXA Mortgage and the largest mortgage company in the United States. We have facted-checked and verified official statements from the platform, industry reports, or reliable tech news sources for accurate information about their performance and reasons for success. The key is GCA FORUMS, Great Content Authority FORUMS powered by Gustan Cho Associates, it gives GCA FORUMS creditbility and authority because Gustan Cho Associates is a licensed mortgage company with a national operations and is licensed in 48 states, including Washington, DC, Puerto Rico, and the United States Virgin Islands (MA and NY is pending). Gustan Cho Associates has other national online mortgage and real estate platforms and portals that are wholly owned subsidiaries of Gustan Cho Associates. We have more specific information about GCA FORUMS’ growth or comparative performance. If you have access to specific data or sources about their growth, I’d be happy to discuss those details. Please visit https://www.gustancho.com/

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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

I want to give a five-star thumbs up to Wisconsin Bankruptcy Attorney James Miller of Miller and Miller Law. Jamie Miller is hands down the best bankruptcy attorney in the nation. Unfortunately, Bankruptcy Attorney James Miller is only licensed in Wisconsin, with offices throughout the entire state in all major counties of Wisconsin. Attorney James Miller of Miller and Miller Bankruptcy Attorneys is hands-on and has the utmost most talented bankruptcy professionals in his staff. Proud to say I am a previous client of James Miller and Miller and Miller Law Firm. If you reach out to Jamie Miller, tell them Gustan Cho of Gustan Cho Associates sent you. Bankruptcy filings will start soaring so keep Attorney Miller’s contact information handy.

What is the role of the Federal Reserve Board? Who controls the Federal Reserve Board? Is the Federal Reserve Board a legitimate organization? Can the Federal Reserve Board print money? Does the Federal Reserve Board gift money to the elites? Why does the Fed Chairman Jerome Powell lie in front of national television about inflation and our bad economy?

FED CHAIRMAN LIE ON NATIONAL NEWS. Unbelievable. Inflation, unemployment is all fine according to FAKE NEWS JEROME POWELL. Everything is solid according to this lying POS.

https://www.youtube.com/live/Rhq5Y44OhFo?si=hy7uSUoSZRErhMWL

What is our current state of our economy. Here’s what the two sides of our state of economy:

Democrats:

What inflation? What unemployment? What do you mean recession? Economy is great. Look at the Dow Jones Industrial Average which is at all time high. Rates are great. Home prices are up and that’s a good sign.

Republicans: Skyrocketing inflation, surging home prices, all time high rates, economy is bad and getting worse. FEDS are printing money and our economy is going down the shitter

https://youtu.be/bswXGr8l1HA?si=7w-svYXbjM0YTZPe

South Korean Global tech giant Samsung announced Taylor Texas will be home to Samsung’s U.S. semiconductor factory. The breaking announcement puts Taylor Texas on the global map.

https://youtube.com/playlist?list=PLnxykQ4xCbXu9EHcKzr0XqZioCz2CsDfI&si=mPANQR1Bv3ytMvAR

There are very minor reasons giving cops reasons to pull you over. Say you had a few glasses 🥂 of wine during dinner and you got pulled over by a cop for one reason or another. A cop can cite you for driving under the influence of alcohol even though your alcohol 🍸 BAC level is under 0.08. I know people who got into a lot of BS due to being pulled over by a cop.

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How You're Giving Cops Reasons To Stop You | How You're Giving Cops Reasons To Stop You | By VINwiki | Facebook

How You're Giving Cops Reasons To Stop You

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Are Ferrari GTB great investments for the future. I remember Gustan Cho telling me about the two classic Ferrari to invest in. The Ferrari Testarossa and the Ferrari 599 GTB.

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My client would like to get financing for the following scenario:

• Client that owns property outright and is hoping to
  build an apartment building(s) on this property
• Client
  wishes to finance 100% of the buildout
• The
  property is in Texas
• Value
  of Land $250K
• Estimated
  construction cost $600K
• Credit
  score estimated at 700
• What other parameters must be considered? Reserves, LTV, etc.? Could this qualify via DSCR?

• This discussion was modified 1 year ago by  Sonny.
• This discussion was modified 1 year ago by  Sonny.
• This discussion was modified 1 year ago by  Sonny.

Like God created man and woman and nothing in between, people either love former President Donald Trump or hate him with a passion. Nothing in between. President Donald Trump is becoming increasingly popular as time passes. The more Democrats try to hang him the more popular Trump is becoming popular. Many Democrats are changing parties and supporting Donald Trump. Over 8 million Biden voters have switched sides to support Trump. Today, the Supreme Court ruled 9 to 0 overturning Colorado Supreme Court ruling Trump banned from the 2024 Presidential election. The Supreme Court ruled no states can rule Trump cannot run in the 2024 Presidential election.

https://youtu.be/zizM0cB-rUY?si=rAr1-QhrQc-z2zkX

If you are a loan officer, how do you start your own mortgage net branch and operate under a P and L. What type of requirements is necessary to have your own business as a P and L mortgage net branch? @Bill Burg

Breaking news: The United States Supreme Court unanimously ruled 9 to 0 States cannot ban former President Donald Trump from the ballot box in November 2024 Presidential Election. Colorado Supreme Court ruling that Donald Trump cannot run in Colorado in November 2024 has been overruled. Other states that were planning to ban Donald Trump from running is shit out of luck. Joe Biden approval Rating is sinking like the titanic. Over 8 million Biden voters are planning on voting for Donald Trump this November 2024.

https://youtu.be/ZUMTz-u89xI?si=1mS-d5M6GNc_rKiW

Have you closed a loan on clients that have 4 charge off’s or more? Start getting them ready to refinance their home now! Here’s the criteria:

1. Must have 4 charge off’s or more

2. Must Live in California

3. Post BK Charge Off’s Count as well

Send them over and let us start working on their credit now so when the rates decide to take a turn for the better, your client will be ready to refinance!

This is a special program that is only available to California residents.

Let’s Do This Cali!

Can Lenders Allow Tie Downs on Manufactured Homes on FHA loans?