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Like to congratulate Dino Hasapis for earning the best Chicago Real Estate Agent Award for Chicago Area. Dino Hasapis always goes above and beyond for all his clients. Dino Hasapis not only treats his clients like family but he follows up after each closing and makes sure his clients have no questions and is Johnny on the spot if his clients needs a referral on the area his clients moved to. Dino is trusted, loved, and respected by his clients, family and friends. All of Dino Hasapis clients become his lifelong friend and family. Very proud of you my man.
https://www.facebook.com/share/tBBjMumuX8QdXJKn/?mibextid=oEMz7o
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I am both humbled and thrilled to announce that I've been recognized again by Chicago Association of Realtors as a top producer. I'm grateful for each and every person I have had the opportunity to...
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replied 1 year, 10 months ago
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Commission-income borrowers can qualify for a mortgage loan. John Parker NMLS 124935 authored this blog on commission-income mortgage guidelines:
https://gustancho.com/commission-income-mortgage-guidelines/
gustancho.com
Commission-Income Mortgage Guidelines
Commission-Income Mortgage Guidelines require all self-employed and 1099 income earners 2 years of self-employment income to qualify
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replied 1 year, 10 months ago
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I will start creating a comprehensive power point training program in GCA FORUMS for brand new loan officers, and dually real estate agents and mortgage loan officers. Becoming a mortgage loan originator can be extremely lucrative, with no limit on how much you can make. However, getting licensed and passing the national NMLS exam is the easy part. The real training starts with doing deals. Any newly licensed loan officers who have yet to have two years of full ti8m experience originating mortgage loans with a minimum of 20 million in production will need to be on a six-closed loan apprenticeship training program with a senior tenured licensed loan officer at Gustan Cho Associates. What this means is the newly licensed loan officer will get trained by an experienced GCA loan officer and take six loans from qualification to closing in order for them to become independent. The training program will be comprehensive and I will link blogs that were written to this section for reference.
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replied 1 year, 10 months ago
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If a deal is a cash-out refi, on a DSCR loan, you need to know the loan amount and LTV, credit score, zoning, term of the lease, nor credit scores, or how long the house has been owned, the price that was paid for the house. If this is a bridge loan short term, you need to know whether it will be a 25/30 year term house is a residentially zoned neighborhood, if it’s in a commercial zone, or a permitted or conditional use permit. All of these answers will determine the type of loan along with its term, penalties, and rate, and if we can use the rental agreement VS the rental appraisal supplement 1007 (the appraiser will also perform a rental market analysis report called 1007 if a 1004 appraisal is used). Need to know if it will be for the long-term agreement for the state-certified daycare. This information determines how we will see the house classified and what type of loan will be required. Just because the lease is in place does not mean the lease amount will be used to calculate the DSCR because 1007 will also give a number, and it’s the lower of the two.
If this is a house with a conditional use permit, I could require a rebuild letter from the city or county, and The DSCR would go off the Appraisal rental supplement.
Please note that the definition of debt service coverage ratio (DSCR) is net operating income divided by total debt service.View Last Reply: replied 1 year, 10 months ago
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Greetings all, I have a commercial scenario, below are the details. What rate could we offer?
commercial
refinance
in LA
on Westin
currently occupied to child care center
government program
DSCR is 1.49
building appraised for $1.2mn
$500k loan currently on property
mortgage she’s paying is $3500
income from child care center is $5400
good DSCRYou can email me at taylorgilmore86@gmail.com
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replied 1 year, 10 months ago
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A borrower’s investment property is worth approximately $1.5M (CA 94551) and the first loan is amounting to $625K and needs to have at least $450K as a second lien. FICO is 738.
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replied 1 year, 10 months ago
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Here is the link to USDA DIRECT LOANS, where packagers make $1,500 per file.
https://www.rd.usda.gov/files/
hb-1-3550.pdf View Last Reply:
replied 1 year, 10 months ago
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Chicago is my hometown. I grew up in the Northwest suburbs of Chicago. There is no other downtown like Downtown Chicago that is as beautiful and has so many things to do. Chicago is the home of thousands of immigrants from hundreds of different countries. However, the thing that is fucking up this great city are the crazy Democrats and far left wing liberals with their asinine ideology. Need to get rid of the mice and cockroaches forever.
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Are there any workers at Illinois tollway booths? I need to see which transponder works and which one does not but never seem to see anyone manning the booths at Illinois tollway booths. Whatever happened to them?
View Last Reply: replied 1 year, 10 months ago
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I have a scenario where my borrower would like to renovate their current home (No Mortgage) and the cost for the renovation would range from $50-60K. She’s a Teacher, Salaried with a $52K/year. With a FICO 635 Credit Karma and just bought a new car.
What can we offer her or her options?
Thank you
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Do most homes in Louisiana require flood insurance? I had about a dozen homebuyers in Lousiana and every buyer required property tax insurance on their home purchase.
View Last Reply: replied 1 year, 10 months ago
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As a resident of Utah and licensed as an MLO in the surrounding states, I am writing this as an update on what is happening in Colorado as far as real estate.
The average Median home price in 2023 is $575,000. That is down 2.6% YOY (Year Over Year).
The list price received is dropping monthly by approximately 0.5%.
On average, residential homes are on the market for 40+ days. That is up almost 82%.
Closed deals are down almost 24%.
Pending Sales are down 18.5% YOY (Year Over Year).
Supply is up 42.9%.
New listings dropped by 22.5%.Are these numbers telling us seller optimism is down? Or are buyers seeing a balancing of the market?
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replied 1 year, 10 months ago
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Need to sign up with wholesale mortgage lenders for government, conventional, and non-QM loans in the United States Virgin Islands. Also, need wholesale commercial lenders and hard money lenders for real estate investors in the United States Virgin Islands. Please contact us at Gustan Cho Associates at 262-627-1965 or text us for a faster response. Or email us at gcho@gustancho.com. We are forecasted to be a one plus billion dollar mortgage lender licensed in 48 states, including Washington, DC, Puerto Rico, and the United States Virgin Islands. We do residential, business, and commercial loans.
View Last Reply: replied 1 year, 10 months ago
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Peter Schiff REPORTS on Gold & Silver Sell-Off on Friday due to China stop buying Gold after 18 month buying streak. Government of China buying on Friday alarmed investors. Gold fell $40 per ounce on the initial news of the government not buying Gold. Then later in the day when economic data was released another $30 dollar an ounce dropped to end $70 per ounce for the day. With the economic news of surplus, China will be buying Gold. Non-farm payroll came out better than expected which are not accurate. Weak employment is the fact but government has a track recording of deceiving numbers. The economy is not stable.
https://www.youtube.com/live/dJiWMAJ0m_I?si=ENDLlN0LqtScI08g
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replied 1 year, 10 months ago
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Let me ask all of you something. How can a career politician with zero inheritance and zero business experience become multimillionaire after serving in public office with a maximum annual salary of no more than $200,000.
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Cars in general depreciate. Mass produced cars such as sedans, pickups, mini-vans, SUVs, convertibles, and daily drivers will lose up to 30% to 40% of its value the minute they leave the dealership. From there on cars will depreciate and in about ten years it will be worthless. Some decked out pick up trucks and sports utility vehicles can surpass the $100,000 mark. A Dodge RAM TRX and Ford Raptor fully loaded can cost over $110,000 brand new. However, after five years, these luxury trucks will be worth less than half of their MSRP. After ten years, these trucks will be worth $20,000 or less. On the other hand, there are limited edition exotic cars like some Ferrari’s and older vintage vehicles that are worth hundreds of thousands of dollars. A Ferrari Testarossa sold for $50,000 price range in early 2000s all day long. Ferrari Testarossa was mass produced so the price was stagnant for over a decade and was not budging. However, today, Ferrari Testarossa is selling for close to $200,000. Same with older Ferrari’s such as the Ferrari Dino and the Ferrari Boxer. The Lamborghini Miura is selling over a million dollars. The Ferrari Lusso is a multi-million dollar car. The Mopar muscle cars are selling over six figures and some that has been restored in the mid to upper six figures. So what type of vehicles can you get for an investment. So what cars are the next winners? I say the Ferrari 599 GTB, the Ferrari 812 Superfast, the Lamborghini LP 640 hard top and convertible, Lamborghini Diablo Roadster, and the 1968 to 1973 Chevrolet Corvette Convertible.
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replied 1 year, 10 months ago
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We are working on developing a new mortgage loan officer learning training academy for new loan officers and dually licensed realtor and MLO partners. Stay tuned.
View Last Reply: replied 1 year, 10 months ago
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Ronda Butts, a dually licensed realtor and loan officer at Gustan Cho Associates and Lending Network, LLC, moved to Birmingham, Alabama. Ronda has been telling about the housing market in the state of Alabama but especially the luxury housing market in Birmingham. Amazing luxury homes you can get for the money in Birmingham. Ronda, also the CEO, DIRECTOR, AND EDITOR in Chief for One Solution Real Estate, http://www.onesolutionrealestate.com, wrote a comprehensive blog about why people move to Alabama and the luxury housing market in Birmingham that I like to share with our viewers. Here is the article https://gustancho.com/reasons-homebuyers-move-to-alabama/
View Last Reply: replied 1 year, 10 months ago
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Gustan Cho Associates is now licensed in the U.S. Virgin Islands. We can do residential, business, and commercial loans in the U.S. Virgin Islands. Hard Money loans up to 70% is a popular commercial loan program through Lending Network, LLC. Visit us at http://www.lendingnetwork.org for any commercial loan inquiries.
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replied 1 year, 10 months ago
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Next week, Gustan Cho, President of Lending Network, Inc. is going to announce the roll out of the commercial lending programs Lending Network LLC. Gustan Cho will be launching and finalize our commercial lending platform with NEXA Mortgage and AXEN Mortgage. The merger with NEXA/AXEN and Lending Network LLC will be a game changer for NEXA Mortgage loan officers and for recruiting nee loan officers. Stay tuned. For more information please click Lending Network, https://www.lendingnetwork.org/
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This discussion was modified 1 year, 10 months ago by Gustan Cho.
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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, 1 month ago by Sapna Sharma.
View Last Reply: replied 1 year, 10 months ago
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This discussion was modified 1 year, 10 months ago by
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God created man and woman and nothing in between. Look at this video clip.
https://youtu.be/Gw3VHX9JbQw?si=rTevuMTXmnE3F1Ub
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This discussion was modified 1 year, 10 months ago by
Doc.
View Last Reply: replied 1 year, 10 months ago
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This discussion was modified 1 year, 10 months ago by
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Gustan Cho Associates is now licensed in Puerto Rico and the U.S. Virgin Islands. Even though we are licensed in Puerto Rico, our list of wholesale lenders is limited. Christian Sorenson of Equity Prime Mortgage is one of our top lenders in Puerto Rico. Gustan Cho is getting a list of hard money and commercial lenders for Lending Network, LLC, for Puerto Rico on commercial loans:
Here is a blog about getting a mortgage loan with a U.S. lender for a home purchase in Puerto Rico https://gustancho.com/how-to-get-a-mortgage-in-puerto-rico/
Here is an article about buying oceanfront property in Puerto Rico and getting financed with a lender base in the United States https://gustancho.com/oceanfront-homes-in-puerto-rico/
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This discussion was modified 2 years, 11 months ago by Gustan Cho. Reason: Want to get notified
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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, 1 month ago by Sapna Sharma.
gustancho.com
Easy Guide on How To Get a Mortgage in Puerto Rico in 2025
The best advice how to get a mortgage in Puerto Rico is to consult with a lender with no overlays with access to multiple wholesale lenders
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replied 1 year, 10 months ago
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This discussion was modified 2 years, 11 months ago by
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Lending Network LLC has Hard Money Loans available to qualified borrowers at 75% LTV on commercial loans and investment properties. Case by case scenario for higher loan to value commercial loans
View Last Reply: replied 1 year, 10 months ago
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What is the role of the Federal Reserve Board? Who controls the Federal Reserve Board? Is the Federal Reserve Board a legitimate organization? Can the Federal Reserve Board print money? Does the Federal Reserve Board gift money to the elites? Why does the Fed Chairman Jerome Powell lie in front of national television about inflation and our bad economy?
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Planning can be a helpful way to set goals and achieve them. Here are some steps you can take to create a plan and start moving forward:
1. Reflect on your values and priorities: Take some time to think about what really matters to you in life. Consider your values, passions, and the things that bring you joy. This will help guide you in setting meaningful goals.
2. Set specific and realistic goals: Break down your larger goals into smaller, actionable steps. Make sure your goals are specific, measurable, attainable, relevant, and time-bound (SMART goals). This will make them more manageable and increase your chances of success.
3. Create a plan of action: Outline the steps you need to take to achieve each goal. Break them down into smaller tasks and set deadlines for each. This will help you stay organized and focused.
4. Seek support: Don’t be afraid to reach out to friends, family, or professionals for support. They can provide guidance, encouragement, and accountability as you work towards your goals.
5. Take care of yourself: Self-care is crucial during times of difficulty. Make sure to prioritize your physical and emotional well-being. This can include activities such as exercise, healthy eating, getting enough sleep, and practicing mindfulness or relaxation techniques.
Remember, it’s important to be patient with yourself and allow for flexibility in your plan. Life can be unpredictable, and it’s okay to adjust your goals and plans as needed.
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replied 1 year, 10 months ago
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Found that HUD does not guarantee FHA LOANS DURING CHAPTER 11 BANKRUPTCY REPAYMENT PLAN. WILL GET THIS FACT CHECKED.
View Last Reply: replied 1 year, 10 months ago
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There is an ample supply of qualified Borrowers ready for a loan Where your Commercial Bankers have just denied them. Start calling CRE bankers today. YES, Cold Call them.
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This discussion was modified 2 years, 10 months ago by Sapna Sharma.
View Last Reply: replied 1 year, 10 months ago
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This discussion was modified 2 years, 10 months ago by
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Hard Money Loans at 70% LTV on investment properties non DODD FRANK. No residential property only investment properties and commercial properties. 75% LTV in Utah and Nevada
Check out our Commercial Loans threadsView Last Reply: replied 1 year, 10 months ago
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Wisconsin is one of 9 community property state. On FHA LOANS the spouse’s debts are included on debt to income calculations. Spouse’s debts are not included on conventional, VA, Jumbo and non-QM loans
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The Lamborghini Murciélago and the Lamborghini Aventador are two distinct and iconic models produced by the Italian automaker Lamborghini.
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Lamborghini Murciélago:
- The Lamborghini Murciélago was first introduced in 2001 and was in production until 2010. It succeeded the Lamborghini Diablo and was succeeded by the Lamborghini Aventador.
- The Murciélago was available in various versions, including the Murciélago Coupe and the Murciélago Roadster.
- It featured a mid-engine layout and was powered by a naturally aspirated V12 engine, which produced different power outputs in various iterations.
- The Murciélago was known for its striking and aggressive design, which included distinctive scissor doors.
- It was one of the flagship models of Lamborghini during its production period and garnered attention for its high-performance capabilities and exotic styling.
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Lamborghini Aventador:
- The Lamborghini Aventador was introduced in 2011 as the successor to the Murciélago.
- It, too, features a mid-engine layout and is powered by a naturally aspirated V12 engine. The Aventador has seen various iterations with power outputs, including the Aventador LP 700-4 and Aventador S.
- Like its predecessor, the Aventador is known for its aggressive and futuristic design and its distinctive scissor doors.
- The Aventador is a high-performance supercar that offers impressive acceleration and top speeds, making it a flagship model in Lamborghini’s lineup.
The Murciélago and the Aventador are renowned for their performance, style, and distinctive Lamborghini driving experience. These cars are often considered icons in the world of supercars and have a dedicated fan base among automotive enthusiasts. Please note that my knowledge is based on information available up to January 2022, and new developments or models may have been introduced since then.
View Last Reply: replied 1 year, 10 months ago
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