Apply Now In this guide on seller concessions overage, we will cover what you can do if you have leftover seller concessions from the seller. You can use the seller concessions overage where it does not go back to the sellers. Seller concessions are a seller credit given by the home seller for homebuyers to…
In this article, we will cover and discuss how to study and pass the NMLS exam on your first attempt. I have read all guides on how to study and pass the NMLS exam on your first attempt. I have listened to everyone who advised me on how to study and pass the NMLS exam….
Apply Now A career as a remote mortgage loan originator can be one of the most rewarding and highest-paying careers that is available today. Gustan Cho Associates dba of NEXA Mortgage, LLC is hiring experienced licensed remote loan officers nationwide. A career as a loan officer is different than any other career in the sense that…
This Article Is About Types Of Wholesale Mortgage Lenders And Loan Program Guidelines: Gustan Cho Associates is a mortgage company licensed in multiple states with no lender overlays on government and conventional loans. Gustan Cho Associates Mortgage Group has a hybrid mortgage business platform. Gustan Cho Associates is also mortgage bankers, correspondent lenders, and mortgage…
Apply Now In this blog, we will discuss and cover how I passed the NMLS exam the first time around and how I landed my first job as a mortgage loan originator. The minute I passed the NMLS exam, I contacted Gustan Cho to let him know how I passed the NMLS exam. Left him…
This Article Is About The HUD Property Guidelines And Requirements On FHA Home Loans: FHA loans are the most popular type of mortgage loan program in the United States. First-time homebuyers, borrowers with less than perfect credit, and those who recently filed for bankruptcy and/or had a housing event can become eligible for FHA financing….
This Article Is About Identity Theft During FHA Loan Process Will Delay Home Closing Homebuyers can still qualify for a mortgage loan if they are victims of identity theft. Since the credit report is not accurate, the only way borrowers can get approved for a home loan is with a manual underwriting. FHA and VA…
This Article Is About The Mortgage With Judgment Guidelines On Home Purchase Homebuyers and homeowners can qualify for a mortgage with outstanding judgments as long as they have a written payment agreement with the judgment creditor and have made three timely payments. A judgment is the worst derogatory credit tradeline any consumer can have on…
This article covers First Time Home Buyer Mortgage Questions On House Purchase Once renters decided on becoming a first time home buyer, they probably have many common first time home buyer mortgage questions. The majority of first time home buyers will need a home loan in order for them to purchase their home Unfortunately, the…
This BLOG On FHA Loan With Medical Collections And Charge Offs Guidelines Was UPDATED And PUBLISHED On June 20th, 2020 Mortgage Borrowers can qualify for FHA loan with medical collections and charge offs. However, not all lenders have the same FHA Guidelines. There are two different types of mortgage guidelines: Agency Guidelines Lender Overlays All…
This Article On Qualifying For Home Loan After Bankruptcy And Housing Event Was Written By Gustan Cho NMLS 873293 Qualifying for home loan after bankruptcy is no problem as long borrowers have met mandatory waiting period requirements. Government and Conventional Loans have a mandatory waiting period after bankruptcy and/or housing event Borrowers can qualify for…
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