Realtor Tina
RealtorForum Replies Created
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Thank you for providing this additional information about Gustan Cho Associates’ lending practices. Let’s break down the key points:
No-Overlay Policy:
- This means Gustan Cho Associates follows only the base guidelines set by government agencies (like FHA, VA, USDA) and GSEs (Fannie Mae, Freddie Mac) for conventional loans.
- Many lenders add their own additional requirements (“overlays”) to these guidelines, which can make loans harder to qualify for.
- By not adding overlays, Gustan Cho Associates can approve loans that other lenders might reject.
Flexibility in Lending:
- This approach allows them to consider a wider range of borrowers who might be close to qualifying under standard guidelines.
- It can be particularly beneficial for borrowers with unique circumstances that don’t fit neatly into traditional lending boxes.
Wide Range of Non-QM Programs:
- As mentioned, they offer various non-QM options for borrowers who don’t meet traditional lending criteria.
- This includes programs for self-employed individuals, real estate investors, and those with recent credit issues.
Catering to Unique Financial Situations:
- Their diverse loan offerings can accommodate borrowers needing help finding financing elsewhere.
- This could include people with non-traditional income sources, those recovering from financial setbacks, or investors with complex financial portfolios.
Potential for Higher Approval Rates:
- The combination of no overlays on traditional loans and a wide range of non-QM options suggests that Gustan Cho Associates might be able to approve a higher percentage of loan applications than more conservative lenders.
It’s important to note that while this approach can make loans more accessible, borrowers should still carefully consider their financial situation and ability to repay any loan. Additionally, non-QM loans often come with higher interest rates and fees due to the increased risk they represent to lenders. For the most current and detailed information about Gustan Cho Associates’ loan programs, guidelines, and services, potential borrowers should indeed visit their official website or contact them directly. This ensures access to the most up-to-date and accurate information tailored to individual circumstances.
https://fhabadcreditlenders.com/non-qm-loans/
fhabadcreditlenders.com
Non-QM Loans - FHA Bad Credit Lenders
Bank statement, 1099 Income Only, DSCR. Asset-Depletion, stated-income, ITIN, condotel financing, and no-Doc loans are all non-QM loans.
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When it comes to obtaining a mortgage for a log home, there are some unique considerations compared to a traditional stick-built home. Here are some key points about log home mortgage loans:
Lender Requirements: Many mainstream lenders like banks and credit unions do offer mortgage financing for log homes, but they may have stricter guidelines and requirements. Log homes are often considered unique properties, so lenders want to ensure they meet certain construction standards and can be easily resold if necessary.
Construction Standards: Lenders typically require that the log home be built to specific codes and standards, such as those set by the Log Homes Council or the International Code Council. The logs used must meet certain grading and milling requirements. The foundation, roof, and other structural elements need to be properly engineered.
Appraisal Process: Finding comparable properties for appraisal purposes can be challenging, especially in areas with few log homes. Lenders may require the appraiser to have specific log home appraisal experience or certifications. The appraiser will carefully evaluate the log home’s construction quality, condition, and any unique features.
Down Payment: Due to the perceived higher risk, some lenders may require a larger down payment for a log home mortgage, such as 20% or more. Excellent credit scores and low debt-to-income ratios can potentially offset some of the increased down payment requirements.
Specialized Lenders: There are also specialized log home lenders and lending programs designed specifically for this type of property. These lenders have extensive experience with log home construction and may have more flexible underwriting guidelines. It’s important to work with a lender experienced in log home mortgages from the start. Being prepared with documentation on the home’s construction standards, providing detailed specs, and potentially using a specialized log home appraisal can help smooth the financing process.
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Yes, it is possible to use a VA (Veterans Affairs) loan to purchase a home from a relative. However, there are some specific requirements and guidelines that need to be followed:
Eligibility: The buyer must be an eligible active-duty military member, veteran, or surviving spouse who meets the VA loan eligibility criteria.
Occupancy Requirement: The VA loan must be used to purchase a primary residence that the buyer intends to occupy as their primary home. Investment properties or vacation homes are not eligible.
Reasonable Value: The purchase price of the home must not exceed its reasonable value as determined by a VA-approved appraiser. The appraiser will assess the home’s market value based on comparable sales in the area.
Arm’s Length Transaction: The transaction must be considered an “arm’s length” transaction, meaning that the buyer and seller are unrelated parties who are acting in their own self-interest and are not subject to any pressure or duress from the other party.
No Identity of Interest: There can be no “identity of interest” between the buyer and seller, which means that they cannot have a family or business relationship that could potentially influence the transaction. If the buyer and seller are related, additional documentation and disclosure may be required to prove that the transaction is truly arm’s length and that there is no identity of interest. This may include providing: A written certification from the buyer and seller stating that the transaction is arm’s length. Evidence that the purchase price is consistent with the property’s appraised value. Proof that the seller has owned and occupied the property as their primary residence for a reasonable period of time. It’s important to note that VA loan rules are strict when it comes to buying from relatives to prevent inflated prices or fraudulent transactions. Working closely with an experienced VA lender and being fully transparent about the relationship is crucial.
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Ww were supposed to have 8 rate cuts this year and now it is zero. Possibly one. Lying sack of shit. He says unemployment is low and inflation is at 3%
.Bullshit. unemployment is low because they are counting part time jobs where people lost their full time salary jobs. Look at the costs of goods and services you senile old man.
cnbc.com
Fed Chair Jerome Powell: Economic outlook uncertain, we remain highly attentive to inflation risks
Fed Chair Jerome Powell delivers remarks following the Federal Reserve's two-day policy meeting on Wednesday.
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That’s a classic example of a humorous book title and author names! Here are a few more in the same vein:
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“The Art of Failing”
- by Justin Time
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“Under the Bleachers”
- by Seymour Butts
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“Rusty Bed Springs”
- by I.P. Knightly
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“Yellow River”
- by I.P. Freely
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“Falling Off a Cliff”
- by Eileen Dover
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“The Haunted House”
- by Hugo First
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“Animal Noises”
- by Iona Cow
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“Unsolved Mysteries”
- by R.U. Sure
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“Spots on the Wall”
- by Hu Flung Dung
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“The Long Walk Home”
- by Miss U. Bus
These joke titles play with word sounds and names to create humorous and often silly combinations.
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Animal rights activists have long boycotted pet shops from selling puppies. Dogs were caged up in small two feet by two feet kennels 24/7 until they were sold. Illinois has implemented a law prohibiting the sale of dogs and cats in pet stores. This measure aims to combat puppy mills and promote the adoption of pets from animal shelters and rescue organizations. It’s part of a growing trend among states and localities to address animal welfare concerns and reduce the demand for commercially bred pets. Illinois Governor J.B. Pritzker signed a bill into law that bans the sale of puppies and kittens in pet stores, with the aim of reducing the demand for animals from large commercial breeding operations, often referred to as puppy mills. The law encourages adoption from animal shelters and rescue organizations instead. It’s part of a broader effort to improve animal welfare standards and reduce the suffering of animals bred in inhumane conditions.
https://www.youtube.com/watch?v=3loNCOmalVU
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This reply was modified 11 months ago by Tina.
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This reply was modified 11 months ago by
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Applying the Ten Commandments to today’s everyday life involves interpreting these ancient principles in a way that aligns with contemporary values and situations. Here’s how each commandment can be relevant today:
“You shall have no other gods before Me.”
Application: Prioritize what truly matters in life, whether it’s your faith, principles, or values. Avoid idolizing material possessions, fame, or superficial success.
“You shall not make for yourself an idol.”
Application: Focus on substance over appearance. Don’t let material objects or societal expectations dictate your worth or actions.
“You shall not misuse the name of the Lord your God.”
Application: Speak with respect and integrity. Avoid using language that demeans or disrespects others, and be mindful of the power of your words.
“Remember the Sabbath day by keeping it holy.”
Application: Ensure you take time to rest and recharge. In today’s fast-paced world, it’s crucial to have moments of reflection, rest, and spending quality time with loved ones.
“Honor your father and your mother.”
Application: Show respect and gratitude to your parents and elders. This can also extend to showing respect for authority figures and mentors in your life.
“You shall not murder.”
Application: Value human life and promote peace. This commandment emphasizes the importance of resolving conflicts non-violently and respecting the sanctity of life.
“You shall not commit adultery.”
Application: Be faithful and trustworthy in your relationships. This applies not only to marital fidelity but also to being honest and loyal in all your commitments.
“You shall not steal.”
Application: Respect others’ property and rights. This includes not only physical theft but also intellectual property, ideas, and credit for others’ work.
“You shall not give false testimony against your neighbor.”
Application: Be truthful and fair in your dealings with others. Avoid gossip, slander, and spreading false information.
“You shall not covet.”
Application: Cultivate contentment and gratitude. Avoid envy and jealousy by appreciating what you have and focusing on your own path and growth.
By integrating these principles into everyday actions and decisions, you can lead a life that is ethical, respectful, and fulfilling.
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This reply was modified 11 months ago by Tina.
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This reply was modified 11 months ago by
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Thank you for sharing details about your latest novella “If the Creek Don’t Rise There Will Be a Parade.” It sounds like a compelling and thought-provoking work of fiction set against the backdrop of racial tensions in Gulfport, Mississippi during the 1950s.
A few thoughts based on the intriguing title and brief description you provided:
The Title Itself “If the Creek Don’t Rise There Will Be a Parade” is an evocative and metaphorical title. It seems to suggest that even amid difficult circumstances and divides (like the racial tensions you’re depicting), there is hope that obstacles can be overcome to allow for celebration and progress – but only “if the creek don’t rise” and make things worse. It hints at fragility amid the struggle.
Realistic Historical Setting Choosing to set your novella in 1950s Mississippi, when segregation and racism were institutionalized, provides a poignant and authentic context to explore racial divides and social injustice. That era and region were pivotal in the civil rights movement.
Character Perspectives I imagine you aim to depict the experiences and mindsets of characters across the racial divide – those oppressed and those complicit in the racist systems and attitudes of the time. Capturing their divergent realities and tensions seems integral to the novella’s premise.
I’m very interested to know more about the specific characters, events and exploration of themes you’ve crafted in this work addressing such a fraught period in America’s history. Stories engaging with difficult truths about racism and inequality can be powerful catalysts for reflection and growth when done well. Please feel free to share any additional insights you’d like into this upcoming novella.
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I second it. 👍 Need Mr. Wine Man’s autograph