Mortgage Loan

35 year home loan nightmare

In this week’s video, Rob discusses the new 35 year term for your mortgage and the repercussions it can have on your future. Interest paid could be as much as $275,000! (on a $368,000 mortgage at current interest rates) NOTE: These 35 year home loans are targeted at those aged[…]

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Loan Disclosures Explained

You are buying or refinancing your home and you just received a huge package of documents from your lender with SO much to sign. It can be beyond overwhelming to say the least. In this video I cover the key things I always tell my clients to look at really[…]

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Non-QM And Bank Statement Mortgage Guidelines And Requirements

1. Non-QM And Bank Statement Mortgage Guidelines And Requirements * Gustan Cho Associates Mortgage Group offer a wide variety of mortgage products. – Over the past few years, we have seen the comeback in NON-QM and Bank Statement mortgage lending – QM stands for qualified mortgage – Please read our[…]

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HOUSING MARKETS & MORTGAGE BAILOUTS: Prices to Plunge while Opportunity Awaits…

Questions on Protecting Wealth with Gold & Silver? Call 877-410-1414 or Schedule a Call for Later Here: ↓ Former White House Chief of Staff and Chicago Mayor Rahm Emanuel said “Never let a good crisis go to waste.” He was also on the board of directors for Freddie Mac, in[…]

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HOW WE PAID $8,112 in 3 MONTHS || Debt Avalanche || Minimalism & Money Part 3 || Pay Off Debt

Check out how we paid $8,112 towards debt in 3 months! The Debt Avalanche method is working for us so far, and in this video I share an update on the debt avalanche method. I also detail ways we saved money in our budget to save enough money to pay[…]

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FHA Guidelines On DTI And Student Loans

1. FHA Guidelines On DTI And Student Loans Versus Conventional Loans * Student loan debt can be a major obstacle when qualifying for a home loan. The two largest issues that affect debt to income ratios on mortgages are student loans and car payments. – FHA used to have extremely[…]

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Mortgage Crisis 2020 Exposed…

Mortgage Crisis 2020… It might be happening! I initially shrugged this Mortgage Crisis talk until I did some more fact digging and research. I then realize that this Mortgage Crisis might be a ticking time b*mb waiting to blow up on the economy in about 3-5 months. I hope I’m[…]

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How COVID-19 Mortgage Forbearance Could Take Down the Housing Market

Forbearance is NOT forgiveness. If you want to continue to crash the US economy, if you want to crash the housing market, and if you want to destroy your credit score all at the same time, then fall for the covid-19 mortgage forbearance trap. I’ve looked at 7 difference mortgage[…]

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Verification Of Employment Before Closing Mortgage

1. Verification Of Employment Before Closing Mortgage Guidelines * Days of stated income and no income verification are long over to qualify for a mortgage. – Borrowers can have prior bad credit – If they have documented income, they can qualify for a mortgage loan – If home buyers have[…]

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An Update on the REIT space

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