Buying A HomeCosts & CreditsTaxes & Insurance June 12, 2020 The Hidden Costs of Buying a Home When you’re in the process of looking for a home to buy, it’s easy to… Salomon Chong Love0
Home Financing June 11, 2020 How to Adjust Your Mortgage Strategy During (and After) COVID-19 In normal years, mortgage rates move in concert with mortgage-backed securities and 10-year Treasury note… Salomon Chong Love0
Costs & CreditsHome Financing May 13, 2020 The Tricky Problems HERO Loans Can Cause As a homeowner, you strive for energy efficiency to lower your bills, and advancements in… Salomon Chong Love0
Credit Score May 7, 2020 Credit Scoring Models: How They Work and Why They Might Explain Score Drops Despite reducing their debt balance, a client of mine recently noticed a drop in their… Salomon Chong Love0
Buying A HomeHome FinancingUnderwriting December 7, 2018 Down Payment Gift Guidelines for Conventional, VA, Jumbo, and FHA Mortgages While a few lenders still require borrowers to come up with at least 5 percent… Salomon Chong Love0
Buying A HomeHome FinancingUnderwriting December 6, 2018 How to Provide Transaction Histories to Your Mortgage Loan Officer Loan Officers work hard to get the most current, comprehensive view of your finances so—in… Salomon Chong Love0
Home FinancingInvestment PropertyUnderwriting December 5, 2018 Using Rental Income to Qualify for a Mortgage: What you Need to Know It’s never a foregone conclusion that you can use rental income to qualify for a… Salomon Chong Love0
Home FinancingSelf-EmployedUnderwriting December 4, 2018 How a Mortgage Underwriter Calculates a Homebuyer’s Income (in Plain English) Calculating your income is a fairly simple exercise… unless you’re applying for a mortgage. That’s… Salomon Chong Love0
Loan ProcessUnderwriting November 27, 2018 Desktop Underwriter (DU) and Loan Prospector (LP): What They Are and Why They Matter Ever asked your loan officer what a DU or LP is, only to get an… Salomon Chong Love0
Credit ScoreHome FinancingSelf-EmployedUnderwriting November 27, 2018 The Benefits of Preparing Your Finances for a Mortgage Application It might be inconvenient, but you know maintaining your car is better than risking a… Salomon Chong Love0
Buying A HomeSelf-EmployedUnderwriting October 25, 2018 Documenting Bank Statements for Mortgage Down Payments Even when you’ve saved enough for a down payment, you’re not quite out of the… Salomon Chong Love0
Costs & CreditsTaxes & Insurance October 24, 2018 Closing Costs: Calculating Impound Fees on Your New Mortgage When you’re dreaming about your new home—especially if it’s the first one—the last thing on… Salomon Chong Love0