Jordan Chun - Greenkey Mortgage

08/27/2021

Those of you who are still trying to buy a house this year, here’s a quick 10 step guide — and if you’re real serious, let’s get it done 🏡

08/27/2021

10 Step Process to Buying a House in Hawaii — Rule #1 is the most Important. Finding a lender that is transparent and willing to provide options is key. There are many loan programs that offer different benefits for different buyers. Choose a lender that will walk you through options and help educate you on the variety of loan programs and together choose one that suits your situation best!

Are you ready to buy a home in 2021?

Send me a message!

08/11/2021

There are 3 MAJOR qualifying factors in a mortgage transaction: 1) Debt-to-Income 2) Loan-to-Value 3) CREDIT — Here’s a quick tip to improving your credit score which will increase the chance of you getting a better deal on a mortgage!

Jordan Chun
NMLS #2117393
808-620-3505
[email protected]

07/30/2021

Mortgages Aren’t Complicated, Even in a market like Hawaii! The most successful businesses create budgets, so treat your finances like a business and BUDGET for a mortgage properly. Here’s the simplest formula to calculating how much you can comfortably afford for your monthly mortgage payment 💰

Jordan Chun - Supreme Lending Hawaii
NMLS #2117393
P: 808-620-3505
E: [email protected]

07/16/2021

Reflecting on the last 4 years, realizing that homeownership for me has been the greatest financial moves I could have made! The leverage owning a home gives you is unlike any other investment; the biggest one of all — it’s a tangible asset - unlike investments in the stock market or mutual funds, having a home to call your own, whether big or small is a tangible asset that can act as a safe place for you and your family or an incredible money making machine in the form of renting out rooms to supplement a mortgage payment or renting out the entire place for long term wealth! What’s better?

Send a message to learn more

07/11/2021

Debt-to-Income Cheat Sheet 💰

Your debt-to-income ratio is a percentage that tells lenders how much money you spend versus how much money you have coming into your household. You can calculate your DTI by adding up your monthly minimum debt payments and dividing it by your monthly pre-tax income.

When you apply for a mortgage, you’ll need to meet maximum DTI requirements so your lender knows you’re not taking on more debt than you can handle. Lenders prefer borrowers with a lower DTI because that indicates less risk that you’ll default on your loan.
Your lender will look at two different types of DTI during the mortgage process: front-end and back-end.

Front-end DTI only includes housing-related expenses. This is calculated using your future monthly mortgage payment, including property taxes and homeowners insurance.

Back-end DTI includes all your minimum required monthly debts. In addition to housing-related expenses, back-end DTIs include any required minimum monthly payments your lender finds on your credit report. This includes debts like credit cards, student loans, auto loans and personal loans.
Your back-end DTI is the number that most lenders focus on because it gives them a more complete picture of your monthly spending.

The lower your DTI, the better. In most cases, you’ll need a DTI of 50% or less, but the specific requirement depends on the type of mortgage you’re applying for.

Message me to talk everything Mortgages!

06/18/2021

More important than the historically low mortgage rates is the incredible amount of equity lying dormant in your home! It’s your money, take some of it and do good with it! Reinvest in adding more value to your home, renovate your kitchen to the Pinterest kitchen you’ve always wanted, pay off high interest credit cards/debts, send your child to college… the possibilities are endless! Call me and I’ll help you through every step of the process 🙌🏼 (808) 620-3505