by King Hou Lam | Feb 20, 2021 | Uncategorized
Today, I watched a short video from John Maxwell and reflected on it about the mortgage business. A lot of our business is about building trust with borrowers, delivering on those promises, and following through. In today’s market place, due to low rates and... by King Hou Lam | Feb 18, 2021 | 15 year fixed, 30 year fixed, Investor
Funded a loan in Oakland for cash out refinance; and funded a rate and term refinance in San Leandro this week. Locked a loan in Castro Valley for refinance, and locked a purchase loan in San Ramon for a 1031 exchange this week so far. Tuesday without warning the bond... by King Hou Lam | Feb 13, 2021 | 30 year fixed, Jumbo, Purchase
Summary: This loan was conditionally approved for borrowers with many financed properties, but the real estate transaction was cancelled. What Happened?: A borrower reached out to us and sees if we can help him after he signed a purchase agreement. The mortgage broker... by King Hou Lam | Feb 12, 2021 | 15 year fixed, 30 year fixed, Investor
Mortgage Rates and Loan Volume: Mortgage rates continue to move within a narrow range. Right now, there appear to be few if any forces that will create pressure for rates to move in one direction or another. The job market is inching its way back with hirings... by King Hou Lam | Feb 10, 2021 | 30 year fixed, Investor
What a day! One loan for refinance in Berkeley, and two combo loans (one refinance and one cash-out for the same borrower) in Hayward Hills got funded today.