Forums Discussions
-
All Discussions
-
I have been in Chapter 13 for over two years with no missed payments. I would like to seek a voluntary discharge and pay off my remaining debt. Would a voluntary discharge prevent me from securing an FHA home loan?
View Last Reply:
replied 1 year, 6 months ago
| Participants: 2 Members
|
1 Reply
-
I have been self-employed for 8+yrs, and my wife is W-2, My question is I want to qualify for a mortgage loan only using 1 year of tax returns, What would be the best solution for us, I have read that Freddie mac, if allowed, would accept 1 year of tax returns but is there any other options available for us, Thank you!
View Last Reply:
replied 1 year, 6 months ago
| Participants: 2 Members
|
1 Reply
-
I am Looking for 2nd Home financing for Rental Income. Have good credit score (760+). Have a good income of 65K for me and 75K wife (combined $140K/yr gross), we own a home (owe 245K and pay $1,850 per month + $370 HOA and have 30K in bank for down, I own 2 cars that are financed (owe 19K on 1 and 17K on the other – for $800/mo payments). I need help with financing.
View Last Reply:
replied 1 year, 6 months ago
| Participants: 3 Members
|
3 Replies
-
Vice President Kamala Harris has spent $1 billion and is $20 million in debt. She has also paid celebrities and high-profile people money from her campaign for their endorsement. Kamala Harris has paid Oprah Winfrey $1 million for her endorsement. Harris paid Beyonce $10 million and Reverend Al Sharpton $500,00 for her support. The list goes on and on. Has Kamara Harris committed a money laundering scheme? Did Kamala Harris commit a crime? Who is behind this payment for the sponsorship scheme? The Democrat Party? Barack Obama? Joe Biden? Mark Cuban?
View Last Reply:
replied 1 year, 6 months ago
| Participants: 3 Members
|
9 Replies
-
I have a payment plan with both the state of Kansas and the IRS for under payment on taxes. We know what the problem was with my wifes withholding at her employer. IRS doesn’t ask for the debt to be paid in a year, but Kansas does. Both debts will be paid off in a year or earlier. (Due to the them taking next years tax return if money is still owed) will these pay arrangements effect approval, dti, etc? No tax liens btw
View Last Reply:
replied 1 year, 6 months ago
| Participants: 2 Members
|
1 Reply
-
I am an independent mortgage loan officer and get paid 1099. I do very well but have a lot of write-offs (unreimbursed business expenses), so I declare very little or negative adjusted gross income on my federal income taxes. Due to the low or negative adjusted gross income, I have had a difficult time getting finance on a 2015 45-foot Catamarans Yacht, which is priced at $525,000. It is 45 feet long by 26 feet wide. I think I need to change paths and get a commercial or business loan on this yacht and tell the lender that I am using this Yacht for business purchases only. Can you write off a yacht as a business expense? Can I get a purchase price expense deduction on a yacht? Can I make the yacht a mobile mortgage office? Can my business write off a yacht? Can you get a 30-year fixed rate loan on a yacht? What is the oldest yacht a bank will finance?
Can you buy a yacht as a business expense? What are the tax benefits of owning a yacht? How long of a loan can you get on a yacht? How hard is it to finance a yacht? Can you deduct mortgage interest on a yacht?
-
This discussion was modified 4 months, 2 weeks ago by
Sapna Sharma.
View Last Reply:
replied 1 year, 6 months ago
| Participants: 3 Members
|
12 Replies
-
This discussion was modified 4 months, 2 weeks ago by
-
My husband and I are in the market for a used car and my Credit Union turned me down. We already have a loan with Roadloans, so that is not an option for now.
Has anyone received any suggestions for sub-prime auto lenders.ActualCredit scores are :
Mine: EX – 573 EQ- 593 TU – 569
Husbands: EX- 611 EQ- 611 TU- 582View Last Reply:
replied 1 year, 6 months ago
| Participants: 2 Members
|
1 Reply
-
I paid credit off for about 2 years and brought it down to 2 stateside creditors. one credit card loan with 30% interest, and a car loan at 18%. The balances were too high to pay them off quickly and I could not handle the interest rate so I just recently obtained a loan at my bank at 8% to pay them off over 12 months. I know I am saving a ton of money but just wondering if a consolidation loan will be a negative when my credit is reviewed down the line? Increase my credit score, eliminate all high interest credit, eliminate stateside debt.
View Last Reply: replied 1 year, 6 months ago
| Participants: 2 Members
|
1 Reply
-
Dear Gustan Cho Associates Team,
I am a veteran interested in obtaining a VA loan and would like to clarify a few aspects of my situation. I initially filed for Chapter 13 bankruptcy in March 2022, but after my separation from the Navy in May 2024, I converted to Chapter 7 in June 2024. Since the discharge, I have been working to rebuild my financial stability. My only current income comes from my 100% VA disability compensation and the BAH I receive from my GI Bill. I am actively searching for work but have not yet found a position that fits. Additionally, I am living in an apartment rented under my cousin’s name, with all utilities also in their name, so I don’t have any formal lease or utility bills in my name.
I’ve heard that your team specializes in helping clients with non-traditional cases, and I’m hoping you might be able to guide me through this process. Specifically, I have the following questions:
- Do you have experience working with clients who have converted from Chapter 13 to Chapter 7 bankruptcy?
- What is the earliest I might qualify for a VA loan given my conversion from Chapter 13 to Chapter 7?
- What additional documentation will I need to provide to show my financial recovery and improve my chances?
- How do you approach manual underwriting in cases like mine, and what factors are most important?
- What kind of interest rates and loan terms could I expect based on my financial history?
Additionally, regarding my current living situation and income:
- How does my current living arrangement, where I am not listed on the lease or utility accounts, impact the manual underwriting process for a VA loan?
- Can I provide alternative documentation to verify my living situation, such as a rent-free letter or a notarized letter from my cousin who holds the lease? Would this be acceptable for meeting the requirements of rental verification?
- Will the fact that my only income right now is from VA disability compensation and my BAH significantly affect my chances of qualifying for a VA loan? Are there compensating factors, such as savings or financial reserves, that could help offset this?
I appreciate any guidance you can provide and look forward to discussing how we can move forward with the loan process. Thank you for your time.
View Last Reply:
replied 1 year, 6 months ago
| Participants: 3 Members
|
2 Replies
-
Congratulations to former President Donald Trump. On November 5th, 2024, Former President Donald J. Trump and Senator JD Vance won the Republican ticket to the White House. Kamala Harris and her running mate Tim Waltz lost the Democrat ticket to the Presidency after Kamala Harris spent $1 billion dollars and is $20 million in debt. There are still staff members who are due their paychecks and are waiting.
Here are a few relevant points to consider:
Political Implications of Election Results
Impact on the Republican Party: Trump’s nomination could unify different factions within the GOP or exacerbate divisions, depending on how his campaign is received by various voter demographics.
Democratic Strategy Moving Forward: The outcome of Kamala Harris and Tim Walz may prompt the Democratic Party to reassess its strategies, messaging, and candidate selection for future elections.
Campaign Financing: The mention of significant campaign spending and debt raises questions about campaign finance regulations and money’s political influence.
Staff and Campaign Management: The situation with unpaid staff can affect morale and the overall effectiveness of a campaign. It highlights the importance of financial management in political campaigns.
Voter Sentiment: Understanding voter sentiments and the issues that matter most to them will be crucial for both parties’ preparations for the general election.
View Last Reply:
replied 1 year, 6 months ago
| Participants: 8 Members
|
14 Replies
-
About time
Home prices in Chicago South Loop are plummeting. Sellers are lowering prices and offering incentives. This correction is continuing throughout the city and Suburbs. Expect the downturn to continue in Chicago and other cities. Stay tuned
View Last Reply:
replied 1 year, 6 months ago
| Participants: 9 Members
|
15 Replies
-
How does the Ground Up Spec Builder Construction work?
View Last Reply: replied 1 year, 6 months ago
| Participants: 3 Members
|
2 Replies
-
Mortgage Dove A Trusted American Mortgage Lender from refinance to buying a new house, we offer a wide range of mortgage options suitable to your needs, because building your future is not an easy task Fast closing with low rates and low fees.
mortgagedove.com
Mortgage Dove - A Trusted American Mortgage Lender
Mortgage Dove - A Trusted American Mortgage Lender from refinance to buying a new house, we offer a wide range of mortgage options suitable to your needs, because building your future is not an easy task.Fast closing with low rates … Continue reading
View Last Reply:
replied 1 year, 6 months ago
| Participants: 3 Members
|
2 Replies
-
Here’s an article about the EXPRESS SBA NO-DOC LOANS you may want to read and find it interesting and informative
http://www.lendingnetwork.org/express-sba-no-doc-loans/
-
This discussion was modified 2 years, 9 months ago by
Gustan Cho. Reason: Wrong url
lendingnetwork.org
This guide will cover Express SBA No-Doc Loans for small business owners. If you are a small business owner looking for a quick and simple way to get funding
View Last Reply: replied 1 year, 6 months ago
| Participants: 5 Members
|
8 Replies
-
This discussion was modified 2 years, 9 months ago by
-
It’s over folks. Comcast, the parent of MSNBC is up for sale. Viewership at MSNBC dropped 51% due to anti-Trump and anti-Republican stance. Major layoffs is also expected. On another note, CNN lost 21% of its Viewership
The mainstream media is on life support.
It is reported that Oprah Wilfrey was paid one million dollars by the Kamala Harris campaign. The Democrat Party is deteriorating and deteriorating fast
Many Democrat states are losing citizens changing parties to the Trump Team.
https://www.youtube.com/live/rdyMVnYBw1w?si=ZIiFLCLNsh7HI4DB
View Last Reply: replied 1 year, 6 months ago
| Participants: 3 Members
|
3 Replies
-
I have been in the same line of work for 25 years but went from W2 to 1099 in August of last year, and my husband is always W2 as he has been a teacher for 20 years. Can we use our combined income? We will have 3.5-5% down and are currently working to pay our credit card debt to below 30%.
View Last Reply:
replied 1 year, 6 months ago
| Participants: 2 Members
|
1 Reply
-
I currently own a home and would like to move in the next 18 months. I am in Chapter 13 and am currently paying into a plan. I have never been late nor have I ever been late on my mortgage. How does this work with Chapter 13? Could I sell and buy another home? What roadblocks, if any, am I looking at?
View Last Reply: replied 1 year, 6 months ago
| Participants: 2 Members
|
1 Reply
-
I have two jobs/positions with one company. One is a W2, and I am labeled part-time. I average 34- 60+ hours every two weeks. Where can I obtain lending?
View Last Reply: replied 1 year, 6 months ago
| Participants: 2 Members
|
1 Reply
-
I would like to refinance my mortgage. My credit score is currently approximately 695-715. I have a Chapter 11 that was discharged in June 2020. I would like to refinance by adding a co-borrower with a credit score of 780-800. My current home value is approximately $420,000, and my current principal balance is $218,000. I would like to take $100,000 from equity. Can you help us?
View Last Reply: replied 1 year, 6 months ago
| Participants: 2 Members
|
1 Reply
-
I have been paying my Chapter 13 repayment plan for eight months now, along with my mortgage, and no late payments. March will be 1 year. My interest rate is 5.625%. My home is worth $333.100, and I owe $226.000. Is it worth trying to refinance to a FHA mortgage in March 2025 or should I stay where I am? My mortgage is owned by investors, and they are always wanting to take me to court to increase my payments. And this is after we went to court and agreed on a repayment plan.
View Last Reply: replied 1 year, 6 months ago
| Participants: 2 Members
|
1 Reply
-
I have been in Chapter 13 for 12 months with no late payments. I would like to obtain an FHA to buy a home. However, I am concerned that my Chapter 13 monthly payment and student loans (deferred for 4 more years) will keep me from qualifying because my DTI will be too high. I only make about 70,000 a year. My Chapter 13 payment is 471 every two weeks. My student loans are around 80,000 (1% is 800). Is it possible for me to be approved?
View Last Reply: replied 1 year, 6 months ago
| Participants: 2 Members
|
1 Reply
-
I am going through a divorce, and the last piece is buying my spouse out of the home. I have lived off-site since we started the process. I was about to close a loan to pay off my spouse, but the loan stalled as the lender stated I had to have lived there for at least 12 months. The home is paid for, so I would functionally take out a first mortgage. I have been unable to find anything other than I must occupy the home within 60 days of closing. Does this sound like lime? Lender rule, or am I missing something? The FHA guidelines?
View Last Reply: replied 1 year, 6 months ago
| Participants: 3 Members
|
3 Replies
-
CNBC Jim Cramer and Crooked Media announced the economy is going strong and job opportunities are strong and little unemployment therefore interest rates should go higher. What are they thinking?
-
This discussion was modified 2 years, 8 months ago by Sapna Sharma.
View Last Reply: replied 1 year, 6 months ago
| Participants: 4 Members
|
6 Replies
-
This discussion was modified 2 years, 8 months ago by
-
What are the latest Google algorithm changes and how will it affect website organic traffic?
View Last Reply:
replied 1 year, 6 months ago
| Participants: 7 Members
|
7 Replies
-
Hi, I know that 740 FICO is the minimum requirement for Up to $120K credit card based on the lending network website.
Should I increase my credit first or is there a different program for me?Thank you
View Last Reply:
replied 1 year, 6 months ago
| Participants: 6 Members
|
17 Replies
-
Listen to this overly obese Rhino blasting President Donald Trump and lying like a rug. I think Orca is fuller with grease and lard more than Illinois JB Prtitzer. I used to like this Fatso from New Jersey.
🤯🤣
View Last Reply: replied 1 year, 6 months ago
| Participants: 5 Members
|
5 Replies
-
Do we have a source for floor plans for auto dealers?
View Last Reply:
replied 1 year, 6 months ago
| Participants: 3 Members
|
2 Replies
-
To clarify our previous discussion. Late PAYMENTS within the last 6 or 12 months isn’t a blanket guide in which we grant without valid reasoning behind the lates. In addition to other things that may paint a proper picture away from financial management, usually via the credit report.
example.
If the applicant clearly has been making effort to keep a clean nose for the prior year(s) leading up to the lates. But fell off the wagon in recent times with one or two lates (simultaneous or sequential). A proper LOX or even owning the mistake as they do happen, has a good chance of being sympathetic to this situation due to historical evidence that’s contrary to financial mismanagement.
If said applicant has a history of multiple lates leading up to recent lates that just so happen to lapse into 12-month guidelines. Highly likely, 12 months of clean credit history is going to be required. Financial mismanagement is established with past history which connects dots far too easily.
At any rate, we will certainly do all that’s possible and within reason to have a deal succeed. Otherwise, we have no business doing 500 fico manuals
@Gustan Cho NMLS 873293
View Last Reply:
replied 1 year, 6 months ago
| Participants: 2 Members
|
2 Replies
-
@marga ench Bulldogs are known for having a high likelihood of requiring a Caesarean section (C-section) for the delivery of their puppies. This is due to their unique physical characteristics, including their brachycephalic (short-nosed) skulls and small pelvises, which can make natural birthing difficult or dangerous for both the mother and puppies.
The combination of a large head in the puppies and a narrow birth canal in the mother often leads to complications during labor, such as dystocia (difficulty in giving birth), which can result in the need for an emergency C-section. In fact, a significant percentage of French Bulldog litters are delivered via C-section to ensure the safety of both the mother and her puppies.
It’s essential for French Bulldog owners and breeders to be aware of this and consult with a veterinarian experienced in brachycephalic breeds to plan for a safe and successful pregnancy and delivery. Regular veterinary check-ups, proper prenatal care, and close monitoring during labor are crucial to minimize risks and ensure the health of the mother and her puppies.
View Last Reply: replied 1 year, 6 months ago
| Participants: 4 Members
|
3 Replies
-
Look at this video clip of an Angel
View Last Reply: replied 1 year, 6 months ago
| Participants: 6 Members
|
18 Replies
