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This is for my son who is married to a gay man. They live in California together and been married 4 years in gay church. Antonio is a Navy Veteran and wants to buy a house with a VA LOAN. He told me that he needs a cosigner on his VA loan and wanted me to cosign for him. But the loan officer said VA loans does not allow cosigner except husband or wife. He told the loan officer that his husband will be cosigner. The Loan officer said gay people married people don’t count. Is this true?
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replied 1 year, 6 months ago
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What are the lending options for homebuyers on community property states.
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Thousands of Loan Officers and Real Estate agents are leaving the Mortgage and housing industries. Every professional in the housing industry is going through a hard time including Loan Officers, Realtors, Auto Salesman, Attorneys, Appraisers, Home Inspectors, and third party professionals. Banks, credit unions, and other creditors are not extending credit to commissioned mortgage and real estate professionals due to volatile mortgage markets. The 10 year treasuries keep on skyrocketing without any signs of correction. Mortgage Rates on government loans are 7.5% for 730 credit score borrowers and conventional loans have Rates over 8% for 700 plus credit score borrowers. With surging inflation and out of control mortgage rates many homebuyers are priced out of the housing market. Thousands of Loan Officers and Realtors including owners of mortgage companies and real estate brokers are leaving the business or closing their doors. What business is the best business to get into if you were to leave the mortgage industry or real estate industry for those who have been in the industry for years or decades?
View Last Reply: replied 1 year, 6 months ago
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I have 642, 646 and 701 FICO scores with discharged BK from 3/06. What kind of auto loan or mortgage rate can I qualify for?
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replied 1 year, 6 months ago
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I was talking to my prospective lender today about the letter I received from Countrywide, wherein I informed her that the lates were corrected and showing current; then she asked for a copy of the payment transaction history.
Well, lo and behold, the transaction history is not updated and it shows that the payments were late and for the loan (Rapid Refi- 18 months on-time payments), this creates an issue because they do refer to the transaction history. Countrywide did update the credit bureaus, but not its own records.
Will it stop me from getting the loan? I have the letters from them stating the correction and I also have the corrected credit reports.
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I have 90 date late on one of my student loans. I will have this loan paid in full in the next few months. Once the loan is paid in full, will the lates be removed from my CR? I applied for a CC and in the letter explaining why I was denied it said a 90 day late on an account with a balance greater than $200 so that is why I am asking if paying it all off makes a difference or not.
View Last Reply: replied 1 year, 6 months ago
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Anyone had success getting a personal loan to pay off and consolidate bills? Scores 521, 550, 578. I have 11 years of credit with several autos pif. Derog over 3 years ago, but nothing since.
View Last Reply: replied 1 year, 6 months ago
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What is affiliate marketing and how do you get started? Can you make good money with affiliate marketing? What are the step by step process in getting started and becoming successful with affiliate marketing?
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replied 1 year, 6 months ago
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What is a podcast? How can you start a podcast and make money? How do you monetize with YOUTUBE.COM and other social media channels. How do podcasters make tons of money? Can anyone start a podcast? What are successful types of podcasts to monetize asap
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How do you monetize from YouTube? How do I make money making YouTube videos? What category should I focus on to monetize on YouTube.
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Breaking News from Fannie Mae and Freddie Mac. Effective immediately homebuyers can purchase 2 to 4 unit multi family homes with 5% down payment. Before today’s Breaking News owner occupant primary multiunit homebuyers needed 15% down payment. Private mortgage insurance is required and we don’t yet know what the PMI factor is as of today. Just wanted to share this Breaking News with our forum viewers .
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This discussion was modified 2 years, 8 months ago by
Sapna Sharma.
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replied 1 year, 6 months ago
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This discussion was modified 2 years, 8 months ago by
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What do you guys think about opening a bride broker business where I can broker women from the Philippines to successful American men looking for a loyal woman for marriage. I was thinking about being a Bride Broker for American men broker Filipinas? My friend Alex Carlucci and I were thinking about the idea. I can name is Alex Carlucci’s Bride Broker-Phillipines: Love Guaranteed or Your Money Back.
View Last Reply: replied 1 year, 6 months ago
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Which type of investment is best for cash flow. Single family home or multi family home. Or apartment buildings?
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replied 1 year, 6 months ago
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Florida has three different types of down payment assistance program for homebuyers including the HERO DPA home purchase program. Gustan Cho Associates dba of NEXA Mortgage is to be able to offer down payment assistance to Florida homebuyers.
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This discussion was modified 1 year, 2 months ago by Sapna Sharma.
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This discussion was modified 1 year, 2 months ago by Sapna Sharma.
View Last Reply: replied 1 year, 6 months ago
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This discussion was modified 1 year, 2 months ago by
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I was on a call, not sure which one about assignments. Commented, stating some lenders allow assignments, and buyers can close a loan with assignments. Did I hear it right? Like years ago, before Obama, my husband was flipping.
He helped a friend out, and we did some work. The buyer did a conventional loan. I did not do the loan. We did back-to-back closings,
Assignments have really gone crazy here. So, the state made some new rules because of it.
I personally think one was getting taken advantage of.
So I am asking that the form you provided us from Utah is awesome.
Can one do an assignment on a standard conventional loan? If so, I figured it would be just a few investors. How do I find them?
I am seeing opportunities with our new products. Where I may get a chance to get a foot in the door. My old-school investors, are now running investment groups and doing classes and things with them. A few of them are on a national level.
I will talk to you later about that and a few other things.
I am terrible at email.
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This discussion was modified 1 year, 2 months ago by Sapna Sharma.
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This discussion was modified 1 year, 2 months ago by Sapna Sharma.
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replied 1 year, 6 months ago
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This discussion was modified 1 year, 2 months ago by
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Absolutely 💯. I am a strong believer of positive criticism and not compliments. That’s how you learn and get better. A lot of people can’t take criticisms. With compliments most people take it to a new arrogance level. However, compliments are well served for people who deserve compliments. Kevin DeLory and Eddy G Perez Jr. Deserve respect and compliments for setting the foundation of EPM. There’s a reason why a mortgage company produces great employees like Christian Sorenson. It’s folks like Christian Sorenson that make a great company. It’s due to a strong foundation. Great leadership makes a great company and differentiates from the mediocre competition. Competition never sleeps. Thanks for everything you do Mr. Perez and Mr. DeLory. Giving us loan officers the opportunity to do tough loans gives the dream of homeownership become a reality for hard working Americans. You guys are the true silent heroes who are appreciated and not taken for granted. Love all your inspirational videos, sir. Don’t stop being you. Never try to miss Mr. DeLory’s videos no matter how hectic my day is.
View Last Reply: replied 1 year, 6 months ago
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If I work for another Mortgage Company besides Gustan Cho Associates at NEXA Mortgage can I do commercial loans at Lending Network LLC? What are the benefits of Lending Network and Gustan Cho Associates versus working just at Lending Network LLC?
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Money is not wealth. Money comes and goes. However, you need to realize how many millionaires lost everything they have and had to restart over. Wealth is relationships. You cannot take that away. However you need two people who are committed to make the relationship work.
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If the FHA Title I loan is under $7,500, the title I loan is considered an unsecured personal renovation loan. However, any Title I loans greater that $7,500 up to $25,000 is considered a second mortgage and the lien is placed on the house behind the first mortgage.
View Last Reply: replied 1 year, 6 months ago
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Mortgage brokers who are looking for doing business in Puerto Rico and thinking of getting licensed may have a hard time finding wholesale residential mortgage lenders who are able to originate and fund loans in Puerto Rico. If you are a mortgage broker looking for a five-star wholesale mortgage investor who is licensed to do government and conventional loans in Puerto Rico, contact Christian Sorenson of Equity Prime Mortgage, commonly known as EPM Mortgage. EPM is the wholesale lender of choice at Gustan Cho Associates. Over 80% of our borrowers are folks who could not qualify at other lenders and the first choice we take our borrowers to is to Equity Prime Mortgage. Christian Sorenson is our top account executive not just at EPM Mortgage but the best wholesale account executive who the team at GCA Mortgage Group worked with. He is always available, is knowledgeable, and always goes above and beyond than any other wholesale account representative anyone at Team GCA Mortgage ever worked with. Give Christian Sorenson a shout. You will not be disappointed.
Here is a link to a comprehensive guide about buying a house in Puerto Rico published on FHA Bad Credit Lenders, a subsidiary of GCA Mortgage Group and Gustan Cho Associates:
https://fhabadcreditlenders.com/buying-a-house-in-puerto-rico/
fhabadcreditlenders.com
Guide To Buying a House in Puerto Rico
Compared to many other U.S. states, home prices and property taxes in Puerto Rico is low making buying a house in Puerto Rico more affordable.
View Last Reply: replied 1 year, 6 months ago
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I am interested in commercial loans. What does Factoring work and how do I learn about Factoring?
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replied 1 year, 6 months ago
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Can a borrower sign an inspection waiver? How long does usually it take to send an inspector to a property?
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replied 1 year, 6 months ago
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I know HUD requires nonborrowing spouse’s debts to be counted on FHA home loans in community property states on FHA loans by mortgage lenders. Fannie Mae and Freddie Mac does not require NONBORROWING spouse’s debts to be counted on conventional loans on Conventional loans. What is the Veterans Administration (VA) requirements on NONBORROWING spouse’s debts on VA loans when a veteran applies for a VA LOAN? Does the NONBORROWING spouse’s debts count towards the debt to income ratio on VA loans in community property states.
View Last Reply: replied 1 year, 6 months ago
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How does EPM EMPOWERED DPA and GRANT PROGRAM work? How do I qualify for the EMPOWERED DPA PROGRAM for first time homebuyers?
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I am currently in chapter 13 in WA state, I have 12 months on time payments and my low credit score is 667. Can i refinance my home to pay the balance of my chapter 13?
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If I get a co-borrow to sign on the loan but they sign a non owner occupied will they still have access and rights to the home. If they chose to move in if I’m the primary resident
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I would fully qualify for FHA except for recent foreclosure. I have $15k. can you get me into a home?
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I won’t be able to save for the down payment at least for another 5-6 months. However, I wanted to know were there other options to secure a mortgage with assistance or financing the down payment. I am ready to begin the process, but this is my hesitation.
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Appraisal came in short at $210,000. Needed $225,000. Manufactured Home. Need 80% LTV cashout refinance to retire debts but appraisal shortage value need to explore HELOC with 90 CLTV. Any know who has the best rate and term. First mortgage is $30,000.
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This discussion was modified 1 year, 7 months ago by Gustan Cho.
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replied 1 year, 6 months ago
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This discussion was modified 1 year, 7 months ago by
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I am currently being relocated and will be selling a home in Birmingham AL which will allow me the minimum $25,000 on $250,000 down payment with my current scores between 500-550… Do you write loans in the state of TN?
View Last Reply: replied 1 year, 6 months ago
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