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I want to close business for 4-6 months due to covid. Would i get a mortgage loan. I’m self-employed wanting to qualify for a mortgage loan using 1 year of tax returns
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I live in Texas and would like to know how much of a loan you can get approved for with a 590 score?
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I’m currently in chapter 13 bankruptcy but made 1 yr and 4 mos of on time payment. Could I qualify for an FHA loan
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I HAVE AN FHA LOAN THAT I WANT TO CASH OUT REFINANCE.
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What are the differences in loan requirements for a primary residence versus an investment property?
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What are the interest rates for business lines of credit?
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What factors should I consider when leasing equipment?
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How can I qualify for a VA loan as a veteran or service member?
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How do I choose the right equipment financing partner?
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Here is my story about my experience with Discover and the disputes I have been going through. Advise our viewers on this type of case situation if any of you run into it. Very time-consuming, stressful, and a total waste of time for me and my staff. I will start with the scenario of what has transpired from day one:
I am Gustan Cho Associates’s branch manager, a dba of NEXA Mortgage, LLC. We are a national mortgage lender licensed in 48 states, including Washington, DC, Puerto Rico, and the United States Virgin Islands. I am the manager of operations, support staff, and loan origination for the Oakbrook Terrace, Illinois, Branch NMLS 2315275 located at 17W662 Butterfield Road, Suite 305, Oakbrook Terrace, Illinois. The Oakbrook Terrace, Illinois, Branch is licensed in 48 states, including DC, Puerto Rico, and the Virgin Islands. We are the largest producing branch at NEXA Mortgage in production and have a lot of monthly expenses. I have two different types of credit cards to pay my monthly debts. Under no circumstances do I ever use my personal credit card for business related expenses. I mainly use my Discover credit card for my personal expenses. My personal expenses include anything that is not business related that cannot be written off from my income taxes. If you can review my Discover card statements for the past three years, you can see that only personal expenses such as fuel, groceries, shopping dog food and other merchandise for personal use from AMAZON, personal homeowners insurance. Now Discover is saying that I am responsible for payment even though it was not authorized for concurring charges on my Discover. Anyone had things like this happen? I will update you on the progress.
NEXA Mortgage issues us a corporate credit card from US Bank to pay all our branch expenses about the business. We are only allowed to charge business expenses. Any business expenses is charged to US Bank corporate business credit card. Business expenses includes rent, advertising expenses such as (YLOPO, RAVEN, ZILLOW, GOOGLE LEADS) expenses for leads, marketing, printing, co-marketing expenses with realtor partners, business lunches, travel, licensing, training and education, and any other direct and/or third-party business-related expenses. I have always use any business-related expenses on my corporate US Bank Visa card for business expenses and never my personal credit cards.
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replied 1 year, 8 months ago
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Have a file that has only 2 tradelines installment credit that were opened in the last 6 months. Would it help strengthen file to open a secured credit card? Even thou have DU approval it worries me being modlar home. With no long history of credit.
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What is 100% Unsecured Business Loans For Small Business Owners? How does unsecured business loans work? What are the eligibility requirements and guidelines on unsecured business funding? How hard is it to get an unsecured business loan? What is the lending process on unsecured business loans? What is the step by step process on unsecured business funding? What are the types of small businesses that can benefit from small business unsecured funding?
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What Is Holistic Medicine and How Does It Work?
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What is the difference between bacteria and viruses?
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How did the Arts and Crafts movement influence modern design in the USA?
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How is stock allocated in an ESOP plan?
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This discussion was modified 1 year, 8 months ago by Gustan Cho.
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This discussion was modified 1 year, 8 months ago by
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What are the tax benefits of an ESOP in the USA?
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This discussion was modified 1 year, 7 months ago by
Sapna Sharma.
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This discussion was modified 1 year, 7 months ago by
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What are the key responsibilities of an urban planner?
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How does GoFundMe work?
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This discussion was modified 1 year, 8 months ago by
Caleb Clark.
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This discussion was modified 1 year, 8 months ago by Sapna Sharma.
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This discussion was modified 1 year, 8 months ago by
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How do I start a GoFundMe?
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How can nonprofits promote their GoFundMe campaigns effectively?
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What are the fees for using GoFundMe? HOW DOES GO FUND ME WORK? CAN YOU PLEASE EXPLAIN IN DETAIL STEP BY STEP ON HOW TO SET UP A GO FUND ME ACCOUNT? HOW MUCH DOES GO FUND ME TAKE ON A $100 DONATION? DOES GO FUND ME CHARGE FEES FOR NON-FOR PROFITS? DO YOU HAVE TO PAY TAXES ON MONEY DONATED THROUGH GO FUND ME?
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This discussion was modified 1 year, 8 months ago by Gustan Cho.
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This discussion was modified 1 year, 8 months ago by
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How Does Investing in Classic, Exotic, Vintage, Sports, and Rare cars work? CAN YOU MAKE MONEY INVESTING IN CLASSIC, EXOTIC, AND RARE CARS. HAVE A HOBBY AND AT THE SAME TIME YOUR INVESTMENT APPRECIATES. It is a win-win here. I am a car enthusiast and if investing in cars or flipping cars is lucrative, I want to start this dream hobby of mine and work smart with my hard earned investment dollars.
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This discussion was modified 1 year, 8 months ago by Gustan Cho.
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This discussion was modified 1 year, 8 months ago by
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How Prepayment Penalties work for DSCR Loans?
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Does anyone know what non-qm lender can do a Cash-Out Refinance in Texas to buy out Chapter 13 Bankruptcy? The borrower has a VA loan now and would like to do a VA cash-out Refinance, but Texas has those crazy rules: you cannot do cash-output Refinance on government loans. Thank you.
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My husband has outstanding collection accounts. Over 95 percent outstanding collection accounts on his credit report are medical collections. We have spoken to several mortgage companies and they said the medical collections need to be paid off because they treat medical collections the same as non-medical collections. These medical collections is what is keeping his score low and therefore they turn us away and reccomend debt consolidation companies to us. I have read FHA loans treat medical collections differently and so far I find it untrue. What is true in this case? I am beyond frustrated by this. It is cheaper to have a mortgage than rent in my area and it’s time for us to buy but we have this barrier.
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This discussion was modified 1 year, 8 months ago by Gustan Cho.
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This discussion was modified 1 year, 8 months ago by
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My question is with a 630 average FICO score (2,4,5) and my new taxes showing increasing income in the new year (2024) what other concerns should I have or try to prepare for when I apply for an FHA. DTI is low as well
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My husband and I are looking to buy a house. however he only has 1 year of employment whereas I have over two years of employment. My husband only has one year of employment because he was living abroad. While living abroad he had no work history. Would we still qualify for a mortgage?
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My application is currently in underwriting. I am concerned that because my student loans are so high that my DTI may not pass. I have found a home that is scheduled to close on 11/19/2024. Honestly I did not see you site until after applying thru my current lender. Would you be able to take over the case and will I still be able to close on November 19th, 2024 or earlier? I am in Illinois and also seeking downpayment assistance if possible. The Home Inspection and Appraisal have all been completed. My student loans total 186k and I am currently in deferment, but the lender is saying that the payments are coming up to 0.50% of the outstanding student loan balance per month…but I am paying $0.00. My credit score middle is 643. Also I am currently employed but will start a new job in a week making more money. Can you help? What steps will I need to take.Renting a home for two years owner decided to sale to me via notice to vacate. I have bad credit, owe taxes and zero for a down payment. What are my options in Michigan
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How Do You Calculate the Debt-Service Coverage Ratio (DSCR)?
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