Forums Discussions
-
All Discussions
-
Is The Home Purchase Agreement Void if FHA pre-approval on current employment & buyer won’t have 6 months of employment until 50 days after the pre-approval letter? What is the FHA 6 month employment rule? Does FHA allow seasonal income? Do FHA loans require 2 years of employment? What is the final verification of employment for FHA loans? Can you use an offer letter for FHA loan? What is the FHA 6 month employment rule? What are the requirements for a FHA employment contract? What are the rules for FHA verification of employment?
View Last Reply:
replied 1 year, 9 months ago
| Participants: 2 Members
|
1 Reply
-
Is it possible to obtain a FHA mortgage during active Chapter 13 with another bankruptcy from years prior? How long after a Chapter 13 bankruptcy can I get an FHA loan? Can you get a mortgage after a Chapter 13 bankruptcy? Can you get a loan while in Chapter 13? Does FHA allow multiple bankruptcies?
View Last Reply: replied 1 year, 9 months ago
| Participants: 2 Members
|
1 Reply
-
HOW TO WRITE A SAMPLE LETTER OF EXPLANATION FOR MORTGAGE UNDERWRITERS? WHAT ARE THE STEP BY STEP INSTRUCTIONS ON HOW TO WRITE A LETTER TO MORTGAGE UNDERWRITERS?
View Last Reply: replied 1 year, 9 months ago
| Participants: 2 Members
|
1 Reply
-
HOW MORTGAGE BROKERS CALCULATE INCOME AND RATES?
View Last Reply:
replied 1 year, 9 months ago
| Participants: 2 Members
|
1 Reply
-
I am considering taking out a VA loan, but I need to know how to go about this. I understand that I have to meet certain requirements to qualify, but I’m not sure what they all are, especially when it comes to getting the VA Certificate of Eligibility (COE). Would someone be kind enough to explain it to me and take me through all the procedures for obtaining the COE?
View Last Reply:
replied 1 year, 9 months ago
| Participants: 6 Members
|
9 Replies
-
HOW DO COMMERCIAL LENDERS VIEW BORROWER’S CREDIT?
View Last Reply: replied 1 year, 9 months ago
| Participants: 2 Members
|
1 Reply
-
How Credit Scores Impact Mortgage Rates On Conventional Loans?
View Last Reply:
replied 1 year, 9 months ago
| Participants: 2 Members
|
1 Reply
-
How can a bankrupt person establish credit with a 400 FICO SCORE?
View Last Reply: replied 1 year, 9 months ago
| Participants: 2 Members
|
1 Reply
-
How Mortgage Underwriters Calculate Borrowers Debt To Income Ratios?
View Last Reply: replied 1 year, 9 months ago
| Participants: 2 Members
|
1 Reply
-
I filed bankruptcy and got it discharged two years ago. I know different loan programs have waiting period after Chapter 7 Bankruptcy. I worked hard in re-establishing my credit and am successful with my job as a digital media marketing consultant. I can put $300,000 down payment on a home purchase and want to buy a $1.2 million dollar luxury home. I am worried about qualifying for a jumbo loan after Chapter 7 Bankruptcy due to the waiting period requirements. How many years will you have to wait after filing Chapter 7 Bankruptcy for Jumbo loan?
View Last Reply: replied 1 year, 9 months ago
| Participants: 2 Members
|
1 Reply
-
I own a house but want to sell my existing home and rent it out and buy a larger home. How much time must pass from Chapter 7 Bankruptcy discharge to be eligible for a second home loan? How would using house #1 as a rental affect DTI? Do we need to find the tenant first?
View Last Reply: replied 1 year, 9 months ago
| Participants: 2 Members
|
1 Reply
-
HOW TO DEAL WITH CHARGE OFFS ON YOUR CREDIT REPORT?
View Last Reply:
replied 1 year, 9 months ago
| Participants: 3 Members
|
2 Replies
-
Many homebuyers with less than perfect credit or marginal credit and/or income are afraid of entering into a real estate purchase contract in the event they get denied. However, mortgage lenders like GCA FORUMS MORTGAGE GROUP, powered by Gustan Cho Associates offers TBD Mortgage Approval, which is a full loan commitment issued by the underwriter with the exception of the subject property. Our viewers and borrowers get a lot of Frequently Asked Questions from homebuyers on how TBD Mortgage Approval works. Can you please detail the most FAQs on To Be Determined Mortgage Approval from consumers, renters, first-time homebuyers, and homebuyers with bad credit?
View Last Reply: replied 1 year, 9 months ago
| Participants: 2 Members
|
1 Reply
-
How do you deal with a pissed off homebuyer? Is there a way to deal with a disgruntled borrower? How To Deal With Potential Mortgage Borrower Complaints Case Scenario?
View Last Reply: replied 1 year, 9 months ago
| Participants: 2 Members
|
1 Reply
-
I am new to the commercial loan origination industry. My wholesale commercial lenders are asking to prepare personal financial statement of each commercial loan applicant. How do you complete a complete financial statement?
-
This discussion was modified 1 year, 9 months ago by
Bailey.
View Last Reply:
replied 1 year, 9 months ago
| Participants: 2 Members
|
3 Replies
-
This discussion was modified 1 year, 9 months ago by
-
How long after a chapter 7 discharge can I purchase a home? What mortgage loan programs do I qualify for after Chapter 7 Bankruptcy and what are the waiting period requirements? What are the eligibility requirements to qualify for a mortgage after Chapter 7 Bankruptcy?
View Last Reply: replied 1 year, 9 months ago
| Participants: 2 Members
|
1 Reply
-
California to set aside $300 Million for illegal immigrants to buy homes. Many see this as another example of Democrats prioritizing illegal immigration over the needs of taxpaying citizens, further burdening Californians. With California’s housing costs among the highest in the nation, this program is seen as fiscally irresponsible, potentially leading to bankrupting the state. Gavin Newsom and the Democrats are totally out of control. Why would anyone want to live in California?
View Last Reply:
replied 1 year, 9 months ago
| Participants: 2 Members
|
1 Reply
-
How long does it take to clear conditions for a clear to close?
View Last Reply:
replied 1 year, 9 months ago
| Participants: 2 Members
|
1 Reply
-
How Can I Qualify For FHA Loan If I Am Commission Income? What type of mortgage loan program enables me to qualify for a home loan with commission income? What are the eligibility requirements?
View Last Reply: replied 1 year, 9 months ago
| Participants: 2 Members
|
1 Reply
-
A great blast from the blast
Midnight Oil. Beds are burning 🔥 😤 😒
View Last Reply:
replied 1 year, 9 months ago
| Participants: 3 Members
|
2 Replies
-
How Much Cash-Out Can I Get With Reverse Mortgage?
View Last Reply: replied 1 year, 9 months ago
| Participants: 2 Members
|
1 Reply
-
The automotive market is collapsing. Consumers are having a very difficult time making the minimum monthly car payment. Repossession numbers of cars are skyrocketing. Inventory of new cars is stockpiling to historic levels. One in five consumers is getting denied car loans. Nobody is buying pickup trucks, SUVs, and higher-priced vehicles. Car interest rates are 7% to over 10%, depending on your credit score. And Kamala Harris is saying that Joe Biden fixed our economy? Did Bidenomics work, and will she continue? What a liar. The economy sucks. There is an economic collapse coming our way. A huge recession will come in the coming months: housing, car, and stock market crash.
View Last Reply: replied 1 year, 9 months ago
| Participants: 2 Members
|
1 Reply
-
How big of a down payment do I need?
View Last Reply: replied 1 year, 9 months ago
| Participants: 2 Members
|
1 Reply
-
Do I need to pay mortgage insurance?
View Last Reply: replied 1 year, 9 months ago
| Participants: 2 Members
|
1 Reply
-
How Do Lenders Calculate Income With Bank Statement Loans?
View Last Reply: replied 1 year, 9 months ago
| Participants: 2 Members
|
1 Reply
-
What is Bidenomics? Is Bidenomics a real thing? The U.S. economy is in crisis. Inflation is soaring. Mortgage rates have tripled from its low a few years ago from 2.5% to 7.5%. Home prices have doubled in many parts of the country and its not if we are going to have a housing bubble but when. Unemployment numbers came out last Friday and just skyrocketed from 3.2% to 4.3%. Many people cannot keep up with inflation. The economic data and numbers being released are lies. The inflation rate is NOT 3%. Look at the prices of goods and services when you go shopping. Most consumers see prices of goods and services are 100% to 500% higher than what it used to be. NOT 3% to 4%. Look around you. Look at how many people are out of work. Again, LIES, LIES, LIES. 4.3%? I don’t think so. The Dow Jones Industrial Average should NOT be at 40,000. The Federal Reserve Board is printing money like it is going out of style. Is Kamala Harris that much of an IDIOT? I think so. Kamala Harris is going around touting and bragging about Bidenomics and that Bidenomics is here to stay. Joe Biden is going around bragging that he made the economy of the United States through Biden Economics. So what is Bidenomics and what makes Biden Economics so GREAT? What is the difference between Reaganomics and Bidenomics? Why is the least popular politicians, Kamala Harris, going around and running on Bidenomics and how great Joe Biden was as President of the United States. Does Harris realize that Joe Biden stands to be the worst President in the History of the United States, making him worse than Jimmy Carter? So, can you please explain in detail what Bidenomics is so we, the American people, can understand?
View Last Reply:
replied 1 year, 9 months ago
| Participants: 3 Members
|
2 Replies
-
The housing market forecast looks gloomy. With the average home prices up 100% since 2019 with rates at 7.5% and inflation at historic highs, homebuyers are perplexed as to buying a house now or later. Besides all the above, homeowners insurance is up as 500% and property taxes are skyrocketing.
Watch the attached video.
View Last Reply:
replied 1 year, 9 months ago
| Participants: 3 Members
|
2 Replies
-
In the 2024 election cycle, ex-President Donald Trump chose J.D. Vance, a senator from Ohio, to serve as his running mate. With this announcement now complete, the Republican ticket for President includes:
- Vance in recognition of his Marine Corps and business record.
- Strong backing for Trump over the past few years.
- Being an outside-the-beltway populist.
Once a vocal opponent of Trump’s candidacy during the 2016 primaries (​The Hill)​ , Vance’s subsequent about-face made him one of the then-president’s most stalwart defenders throughout various legal battles. According to the News Team at GCA FORUMS, this pick is projected to generate even more enthusiasm around Trump’s campaign.
View Last Reply: replied 1 year, 9 months ago
| Participants: 4 Members
|
4 Replies
-
How Solid Is Your Pre-Approval Letter? How reliable is your pre-approval letter? What does a loan officer do during the qualification and pre-approval process before the pre-approval letter is issued? How long does the pre-approval letter take? Can you get denied for a mortgage loan after the pre-approval has been issued?
View Last Reply: replied 1 year, 9 months ago
| Participants: 4 Members
|
3 Replies
-
How much house can I afford vs how much house can I qualify? How much house can I qualify compared to my salary? How much income do I need to make to afford a $300000 house? What credit score is needed to buy a $300K house?
-
This discussion was modified 1 year, 9 months ago by
Sapna Sharma.
View Last Reply: replied 1 year, 9 months ago
| Participants: 2 Members
|
1 Reply
-
This discussion was modified 1 year, 9 months ago by
