Loan Process 貸款流程

Step 1 :

Find out

How much

you can borrow

找出您可以

借多少錢

Step 2 :

Select

the Right

Loan Program 選擇合適的

貸款計劃

Step 3 :

Apply

for a Loan

申請貸款

Step 4 :

Begin Loan Processing

開始貸款流程

Step 5 :

your Loan

完成貸款

Q & A 問和答

Q & A

How much I can Borrow 我可以借到幾錢 ?

Find out how much you can borrow

The first step in obtaining a loan is to determine how much money you can borrow. In case of buying a home, you should determine how much home you can afford even before you begin looking. By answering a few simple questions, we will calculate your buying power, based on standard lender guidelines. 獲得貸款的第一步是確定您可以借多少錢。在購買房屋的情況下，您應該在開始尋找之前確定您可以負擔多少房屋貸款。通過回答幾個簡單的問題，我們將根據標準貸方指南計算您的購買力。

Click here to Pre-Qualify. 取得預批信

You may also elect to get pre-approved for a loan which requires verification of your income, credit, assets and liabilities. It is recommended that you get pre-approved before you start looking for your new house so you 您也可以選擇獲得貸款的預先批准，這需要核實您的收入、信用、資產和負債。建議您在開始尋找新房子之前獲得預先批准，以便您：

Look for properties within your range 尋找您範圍內的房產 .
Be in a better position when negotiating with the seller (seller knows your loan is already approved)
與賣家談判時處於更好的位置（賣家知道您的貸款已獲批）.
Close your loan quicker 更快地完成您的貸款 .

More on Pre-Qualification 更多關於資格預審
  LTV and Debt-to-Income Ratios LTV 和債務收入比
  FICO™ Credit Score FICO™ 信用分
  Self Employed Borrower 自僱的貸款人士
  Source of down payment 首付的來源

LTV and Debt-to-Income Ratios LTV 和債務收入比
LTV or Loan-To-Value ratio is the maximum amount of exposure that a lender is willing to accept in financing your purchase. Lenders are usually prepared to lend a higher percentage of the value, even up to 100%, to creditworthy borrowers. Another consideration in approving the maximum amount of loan for a particular borrower is the ratio of monthly debt payments (such as auto and personal loans) to income. Rule of thumb states that your monthly mortgage payments should not exceed 1/3 of your gross monthly income. Therefore, borrowers with high debt-to-income ratio need to pay a higher down payment in order to qualify for a lower LTV ratio.

LTV 或貸款價值比是銀行願意為您的購買力承受多大風險的意思。銀行通常準備向信譽良好的借款人提供更高比例的貸款，甚至高達 100%。批准特定借款人最高貸款額的另一個考慮因素是，你的每月開支及已定的還款額（例如汽車和個人貸款）與你的收入的比率。一般而言，您每月的抵押貸款付款不應超過您每月總收入的 1/3。因此，債務收入比較高的借款人需要支付更高的首付，才能獲得較低的 LTV 比率。

FICO™ Credit Score FICO 信用分
FICO™ Credit Scores are widely used by almost all types of lenders in their credit decision. It is a quantified measure of creditworthiness of an individual, which is derived from mathematical models developed by Fair Isaac and Company in San Rafael, California. FICO™ scores reflect credit risk of the individual in comparison with that of general population. It is based on a number of factors including past payment history, total amount of borrowing, length of credit history, search for new credit, and type of credit established. When you begin shopping around for a new credit card or a loan, every time a lender runs your credit report it adversely effects your credit score. It is, therefore, advisable that you authorize the lender/broker to run your credit report only after you have chosen to apply for a loan through them.

FICO™ 信用評分被幾乎所有類型的貸款方及銀行，在評價你的信用好壞的決策中廣泛使用。它是個人信用的量化衡量標準，源自加利福尼亞州聖拉斐爾的 Fair Isaac and Company 開發的數學模型。 FICO™ 分數反映了個人與一般人群相比的信用風險。它基於許多因素，包括過去的付款歷史、借款總額、信用歷史的長度、尋找新的信用以及建立的信用類型。當您開始四處購買新的信用卡或貸款時，每次貸款方運行您的信用報告都會對您的信用評分產生不利影響。因此，建議您僅在您選擇通過他們申請貸款後才授權貸方/經紀人運行您的信用報告。

Self Employed Borrowers 自僱的貸款人士
Self employed individuals often find that there are greater hurdles to borrowing for them than an employed person. For many conventional lenders the problem with lending to the self employed person is documenting an applicant's income. Applicants with jobs can provide lenders with pay stubs, and lenders can verify the information through their employer. In the absence of such verifiable employment records, lenders rely on income tax returns, which they typically require for 2 years.

自僱人士通常會發現，與受僱人士相比，他們在借貸方面面臨更大的障礙。對於許多傳統貸款方來說，向自僱人士放貸的問題是記錄申請人的收入。有工作的申請人可以向貸款方提供工資單，貸款方可以通過僱主核實信息。在缺乏此類可驗證的就業記錄的情況下，貸款方依賴所得稅申報表，通常需要 2 年。

Source of Down Payment 首付的來源
Lenders expect borrowers to come up with sufficient cash for the down payment and other fees payable by the borrower at the time of funding the loan. Generally, down payment requirements are made with funds the borrowers have saved. If a borrower does not have the required down payment they may receive “gift funds” from an acceptable donor with a signed letter stating that the gifted funds do not have to be paid back.

貸款方希望借款人在為貸款提供資金時拿出足夠的現金來支付借款人的首付款和其他費用。通常，首付要求是用借款人節省的資金來製定的。如果借款人沒有所需的首付，他們可能會從可接受的捐贈者那裡收到 “贈款資金”，並附上一封籤名信，說明贈款資金不必償還。

LTV and Debt Ratios

Fico Credit Score

Self Employed Borrowers

Source of Down Payment

Which Loan Program is right for me 那個貸款計劃適合我 ?

Home loans come in many shapes and sizes. Deciding which loan makes the most sense for your financial situation and goals means understanding the benefits of each. Whether you are buying a home or refinancing, there are 2 basic types of home loans. Each has different reasons you'd choose them. 房屋貸款有多種形式和規模。決定哪種貸款最適合您的財務狀況和目標意味著了解每種貸款的好處。無論您是購買房屋還是再融資，房屋貸款有兩種基本類型。每個人都有不同的理由選擇它們。

1) Fixed Rate Mortgage 固定利率的貸款

Fixed rate mortgages usually have terms lasting 15 or 30 years. Throughout those years, the interest rate and monthly payments remain the same. You would select this type of loan when you 固定利率抵押貸款的期限通常為 15 年或 30 年。這期間，利率和每月還款額保持不變。在以下情況下，您會選擇此類貸款：

Plan to live in home more than 7 years 計劃在家居住超過 7 年
Like the stability of a fixed principal/interest payment 像固定本金/利息支付的穩定性
Don't want to run the risk of future monthly payment increases 不想冒未來月供增加的風險
Think your income and spending will stay the same 認為您的收入和支出將保持不變

2) Adjustable Rate Mortgage 可調利率抵押貸款

Adjustable Rate Mortgages (often called ARMs) typically last for 15 or 30 years, just like fixed rate mortgages. But during those years, the interest rate on the loan may go up or down. Monthly payments increase or decrease. You would select this type of loan when you 可調利率抵押貸款（通常稱為 ARM）通常持續 15 或 30 年，就像固定利率抵押貸款一樣。但在貸款期內，貸款利率可能會上升或下降。每月付款增加或減少。當您選擇此類貸款時:

Plan to stay in your home less than 5 years 計劃在您家中待不到 5 年
Don't mind having your monthly payment periodically change (up or down) 不要介意您的每月付款定期更改（增加或減少）
Comfortable with the risk of possible payment increases in future 對未來可能的付款增加的風險感到滿意
Think your income will probably increase in the future 認為您的收入將來可能會增加

By carefully considering the above factors and seeking our professional advice, you should be able to select the one loan that matches your present condition as well as your future financial goals 通過仔細考慮上述因素並尋求我們的專業建議，您應該能夠選擇符合您當前狀況和未來財務目標的貸款。

Select te Right Loan Program

How is the Loan Process 貸款流程如何進行 ?

Although lenders conform to standards set by government agencies, loan approval guidelines vary depending on the terms of each loan. In general, approval is based on two factors: your ability and willingness to repay the loan and the value of the property 儘管貸款方符合政府機構制定的標準，但貸款審批指南因每筆貸款的條款而異。一般來說，批准基於兩個因素：您償還貸款的能力和意願以及財產的價值.

Once your loan application has been received we will start the loan approval process immediately. Your loan processor will verify all of the information you have given. If any discrepancies are found, either the processor or your loan officer will troubleshoot to straighten them out. This information includes 收到您的貸款申請後，我們將立即啟動貸款審批流程。您的貸款處理商將核實您提供的所有信息。如果發現任何差異，處理者或您的信貸員將進行故障排除以解決問題。這些信息包括 :

Income/Employment Check 收入/就業檢查

Is your income sufficient to cover monthly payments? Industry guidelines are used to evaluate your income and your debts 您的收入是否足以支付每月的付款？行業指南用於評估您的收入和債務.

Credit Check 信用檢查

What is your ability to repay debts when due? Your credit report is reviewed to determine the type and terms of previous loans. Any lapses or delays in payment are considered and must be explained 您償還到期債務的能力如何？審查您的信用報告以確定以前貸款的類型和條款。任何付款的失誤或延遲都被考慮在內，並且必須加以解釋.

Asset Evaluation 資產評估

Do you have the funds necessary to make the down payment and pay closing costs 您是否有必要的資金來支付首付款和支付交易費用 ?

Property Appraisal 物業評估

Is there sufficient value in the property? The property is appraised to determine market value. Location and zoning play a part in the evaluation 房產是否有足夠的價值？對該物業進行評估以確定市場價值。位置和分區在評估中發揮作用 .

When should I refinance 我應該什麼時候做重貸 ?

It's generally a good time to refinance when mortgage rates are 1% lower than the current rate on your loan. It may be a viable option even if the interest rate difference is only 1% or less. Any reduction can trim your monthly mortgage payments. Example: Your payment, excluding taxes and insurance, would be about $770 on a $100,000 loan at 8.5%; if the rate were lowered to 7.5%, your payment would then be $700, now you're saving $70 per month. Your savings depends on your income, budget, loan amount, and interest rate changes. OIL can help you calculate your options.

當抵押貸款利率比當前貸款利率低 1% 時，通常是重資的好時機。即使利率差只有 1% 或更少，這也可能是一個可行的選擇。只要是可以減少您每月的抵押貸款付款。示例：您的每月供款（不包括稅收和保險）約為 770 美元，貸款金額為 100,000 美元，利率為 8.5%；如果利率降低到 7.5%，那麼您的付款將是 700 美元，現在您每月可節省 70 美元。您的儲蓄取決於您的收入、預算、貸款金額和利率變化。OIL 可以幫助您計算您的選擇。

What are points 什麼是點子 ?

A point is a percentage of the loan amount, or 1-point = 1% of the loan, so one point on a $100,000 loan is $1,000. Points are costs that need to be paid to a lender to get mortgage financing under specified terms.

Discount points are fees used to lower the interest rate on a mortgage loan by paying some of this interest up-front. Lenders may refer to costs in terms of basic points in hundredths of a percent, 100 basis points = 1 point, or 1% of the loan amount.

點子通常用於貸款金額的百分比，1 點 = 貸款的 1%， 100,000 美元貸款的 1 點是 1,000 美元。點子是需要支付給貸款方以在特定條款下獲得貸款的成本費用。

折扣點子通常用於通過預先支付部分利息來降低貸款利率的費用。貸款人可以用百分之幾的基點來表示成本，100個基點=1點，或貸款金額的1%。

Should I pay points to lower my interest rate 我應該支付點子來降低利率嗎？ ?

Yes, if you plan to stay in the property for a least a few years. Paying discount points to lower the loan's interest rate is a good way to lower your required monthly loan payment, and possibly increase the loan amount that you can afford to borrow. However, if you plan to stay in the property for only a year or two, your monthly savings may not be enough to recoup the cost of the discount points that you paid up-front.

是的，如果您計劃在該物業至少住幾年。支付折扣點子可以降低貸款利率，是降低每月所需還款額的好方法，並可能增加您可以借到的貸款金額。但是，如果您計劃只在該物業停留一兩年，您每月的儲蓄可能不足以彌補您預先支付的折扣點子的成本。

What is an APR 什麼是 ARP ?

The annual percentage rate (APR) is an interest rate reflecting the cost of a mortgage as a yearly rate. This rate is likely to be higher than the stated note rate or advertised rate on the mortgage, because it takes into account points and other credit costs. The APR allows homebuyers to compare different types of mortgages based on the annual cost for each loan. The APR is designed to measure the "true cost of a loan." It creates a level playing field for lenders. It prevents lenders from advertising a low rate and hiding fees.

年利率 (APR) 是反映抵押貸款成本的年利率。該利率可能高於抵押貸款的規定票據利率或廣告利率，因為它考慮了積分和其他信貸成本。 APR 允許購房者根據每筆貸款的年度成本比較不同類型的抵押貸款。 APR 旨在衡量“貸款的真實成本”。它為貸款方創造了一個公平的競爭環境。它可以防止貸方宣傳低利率和隱瞞費用。

The APR does not affect your monthly payments. Your monthly payments are strictly a function of the interest rate and the length of the loan.

APR 不會影響您的每月付款。您的每月還款額嚴格取決於利率和貸款期限。

Because APR calculations are effected by the various different fees charged by lenders, a loan with a lower APR is not necessarily a better rate. The best way to compare loans is to ask lenders to provide you with a good-faith estimate of their costs on the same type of program (e.g. 30-year fixed) at the same interest rate. You can then delete the fees that are independent of the loan such as homeowners insurance, title fees, escrow fees, attorney fees, etc. Now add up all the loan fees. The lender that has lower loan fees has a cheaper loan than the lender with higher loan fees.

由於 APR 計算受貸方收取的各種不同費用的影響，因此 APR 較低的貸款不一定是更好的利率。比較貸款的最佳方法是要求貸方以相同的利率為您提供相同類型計劃（例如 30 年期固定）的成本的善意估計。然後，您可以刪除與貸款無關的費用，例如房主保險、產權費、託管費、律師費等。現在將所有貸款費用加起來。貸款費用較低的貸方比貸款費用較高的貸方的貸款便宜。

The following fees are generally included in the APR 以下費用通常包含在 APR 中:

Points - both discount points and origination points 點子 - 折扣點子和起始點子
Pre-paid interest. The interest paid from the date the loan closes to the end of the month 預付利息。從貸款結束之日到月底支付的利息。
Loan-processing fee 貸款手續費
Underwriting fee 審核費
Document-preparation fee 文件準備費
Private mortgage-insurance 私人按揭保險
Escrow fee 公證行費用

The following fees are normally not included in the APR 私人按揭保險:

Title or abstract fee 公證行的常規費用
Borrower Attorney fee 買方的律師費用
Home-inspection fees 驗屋費用
Recording fee 登記費用
Transfer taxes 轉讓稅
Credit report 信用報告
Appraisal fee 估價費用

What does it mean to lock the interest rate 鎖定利率是什麼意思 ?

Mortgage rates can change from the day you apply for a loan to the day you close the transaction. If interest rates rise sharply during the application process it can increase the borrower’s mortgage payment unexpectedly. Therefore, a lender can allow the borrower to "lock-in" the loan’s interest rate guaranteeing that rate for a specified time period, often 30-60 days, sometimes for a fee.

從您申請貸款之日到您完成交易之日，抵押貸款利率可能會發生變化。如果在申請過程中利率急劇上升，可能會意外增加借款人的抵押貸款支付。因此，貸款方可以允許借款人“鎖定”貸款利率，以保證特定時間段內的利率，通常為 30-60 天，有時需要收費。

What documents do I need to prepare for my loan application 我需要準備什麼文件來申請貸款 ?

Below is a list of documents that are required when you apply for a mortgage. However, every situation is unique and you may be required to provide additional documentation. So, if you are asked for more information, be cooperative and provide the information requested as soon as possible. It will help speed up the application process.

以下是您申請抵押貸款時所需的文件清單。但是，每種情況都是獨一無二的，您可能需要提供額外的文件。因此，如果您被要求提供更多信息，請合作並儘快提供所需的信息。這將有助於加快申請過程。

Your Property 你的物業

Copy of signed sales contract including all riders 已簽署的全部購屋合同
Verification of the deposit you placed on the home 你需要用在購屋的資金證明
Names, addresses and telephone numbers of all realtors, builders, insurance agents and attorneys involved 房地產, 建築商, 保險經紀, 公證行的姓名, 地址和電話號碼
Copy of Listing Sheet and legal description if available (if the property is a condominium please provide condominium declaration, by-laws and most recent budget) 清單副本和法律說明（如果有）（如果該物業是共管公寓 HOA，請提供共管公寓 HOA 的聲明、附則和最新預算）

Your Income 你的收入

Copies of your pay-stubs for the most recent 30-day period and year-to-date (exclude Non-QM program) 最近 30 天和年初至今的工資單副本 (不查收入貸款除外)
Copies of your W-2 forms for the past two years (exclude Non-QM program) 最近兩年的 W2 表格 (不查收入貸款除外)
Names and addresses of all employers for the last two years 過去兩年所有雇主的姓名和地址
Letter explaining any gaps in employment in the past 2 years (optional) 解釋過去兩年就業差距的信函 (如有需要)
Work visa or green card (copy front & back) 工作簽證或綠卡正反面

If self-employed or receive commission or bonus, interest/dividends, or rental income 如果是自僱人士或獲得佣金或獎金、利息/股息或租金收入 :

Provide full tax returns for the last two years (complete tax return including attached schedules and statements) (exclude Non-QM program) PLUS year-to-date Profit and Loss statement 提供過去兩年的完整納稅申報表（請提供完整的納稅申報表，包括附表和報表） (不查收入貸款除外) 以及年初至今的損益表
K-1's for all partnerships and S-Corporations for the last two years (please double-check your return. Most K-1's are not attached to the 1040.) (exclude Non-QM program) 過去兩年所有合夥企業和 S-Corporations 的 K-1（請仔細檢查您的回報。大多數 K-1 不附加到 1040。） (不查收入貸款除外)
Completed and signed Federal Partnership (1065) and/or Corporate Income Tax Returns (1120) including all schedules, statements and addenda for the last two years. (Required only if your ownership position is 25% or greater.) (exclude Non-QM program) 完成並簽署了聯邦合夥 (1065) 和/或企業所得稅申報表 (1120)，包括過去兩年的所有附表、報表和附錄。（僅當您的所有權頭寸為 25% 或更高時才需要。） (不查收入貸款除外)

If you will use Alimony or Child Support to qualify 如果您將使用贍養費或兒童撫養費來獲得資格 :

Provide divorce decree/court order stating amount, as well as, proof of receipt of funds for last year 提供離婚判決/法院命令，說明金額，以及去年收到的資金證明

If you receive Social Security income, Disability or VA benefits 如果您獲得社會保障收入、殘疾或 VA 福利:

Provide award letter from agency or organization 提供機構或組織的證明信

Source of Funds and Down Payment 資金來源和首付

Sale of your existing home - provide a copy of the signed sales contract on your current residence and statement or listing agreement if unsold (at closing, you must also provide a settlement/Closing Statement) 出售您現有的房屋 - 如果未售出，請提供您當前住所和聲明或上市協議上已簽署的銷售合同的副本（在成交時，您還必須提供結算/成交聲明）
Savings, checking or money market funds - provide copies of bank statements for the last 2 months 儲蓄、支票或貨幣市場基金 - 提供過去 2 個月的銀行月結單副本
Stocks and bonds - provide copies of your statement from your broker 股票和債券 - 提供您的月結單
Gifts - provide Gift Letter and proof of receipt of funds 贈金 - 請提供贈金信和收到資金的證明
Based on information appearing on your application and/or your credit report, you may be required to submit additional documentation 根據您的申請表和/或信用報告中出現的信息，您可能需要提交其他文件

Debt or Obligations 債務或義務

Prepare a list of all names, addresses, account numbers, balances, and monthly payments for all current debts with copies of the last two monthly statements 準備一份包含所有當前債務的所有姓名、地址、帳號、餘額和每月付款的清單，並附上最近兩個月的報表副本
Include all names, addresses, account numbers, balances, and monthly payments for mortgage holders and/or landlords for the last two years 包括過去兩年抵押持有人和/或房東的所有姓名、地址、帳號、餘額和每月付款
If you are paying alimony or child support, include marital settlement/court order stating the terms of the obligation 如果您要支付贍養費或子女撫養費，請包括說明義務條款的婚姻和解/法院命令
Check to cover Application Fee(s) 檢查以支付申請費

What can I do to improve my credit score 我可以做些什麼來提高我的信用評分 ?

Credit scoring models are complex and often vary among creditors and for different types of credit. If one factor changes, your score may change -- but improvement generally depends on how that factor relates to other factors considered by the model. Only the creditor can explain what might improve your score under the particular model used to evaluate your credit application. 信用評分模型很複雜，而且通常因債權人和不同類型的信用而異。如果一個因素發生變化，您的分數可能會發生變化 — 但改進通常取決於該因素與模型考慮的其他因素的關係。只有債權人可以解釋在用於評估您的信用申請的特定模型下什麼可以提高您的分數。

Nevertheless, scoring models generally evaluate the following types of information in your credit report:

儘管如此，評分模型通常會評估您的信用報告中的以下類型的信息：

Have you paid your bills on time? Payment history typically is a significant factor. It is likely that your score will be affected negatively if you have paid bills late, had an account referred to collections, or declared bankruptcy, if that history is reflected on your credit report. 你按時付帳了嗎？付款歷史通常是一個重要因素。如果您的信用報告中反映了這些歷史記錄，如果您延遲支付賬單、將帳戶轉為收款或宣布破產，您的分數可能會受到負面影響。
What is your outstanding debt? Many scoring models evaluate the amount of debt you have compared to your credit limits. If the amount you owe is close to your credit limit, that is likely to have a negative effect on your score. 你的未償債務是多少？許多評分模型會比較您的信用額度來評估您的債務金額。如果您欠的金額接近您的信用額度，則可能會對您的分數產生負面影響。
How long is your credit history? Generally, models consider the length of your credit track record. An insufficient credit history may have an effect on your score, but that can be offset by other factors, such as timely payments and low balances. 你的信用記錄有多長？通常，模型會考慮您的信用記錄的長度。信用記錄不足可能會影響您的分數，但這可以被其他因素抵消，例如及時付款和低餘額。
Have you applied for new credit recently? Many scoring models consider whether you have applied for credit recently by looking at "inquiries" on your credit report when you apply for credit. If you have applied for too many new accounts recently, that may negatively affect your score. However, not all inquiries are counted. Inquiries by creditors who are monitoring your account or looking at credit reports to make "prescreened" credit offers are not counted. 你最近申請了新的信用嗎？許多評分模型通過在您申請信用時查看您的信用報告上的“查詢”來考慮您最近是否申請了信用。如果您最近申請了太多新帳戶，可能會對您的分數產生負面影響。但是，並非所有查詢都被計算在內。監控您的賬戶或查看信用報告以提供“預先篩選”的信用報價的債權人的查詢不計算在內。
How many and what types of credit accounts do you have? Although it is generally good to have established credit accounts, too many credit card accounts may have a negative effect on your score. In addition, many models consider the type of credit accounts you have. For example, under some scoring models, loans from finance companies may negatively affect your credit score. 您有多少和什麼類型的信用賬戶？雖然建立信用賬戶通常是好的，但過多的信用卡賬戶可能會對您的分數產生負面影響。此外，許多模型會考慮您擁有的信用賬戶類型。例如，在某些評分模型下，金融公司的貸款可能會對您的信用評分產生負面影響。

Scoring models may be based on more than just information in your credit report. For example, the model may consider information from your credit application as well: your job or occupation, length of employment, or whether you own a home. 評分模型可能不僅僅基於您的信用報告中的信息。例如，該模型可能還會考慮您的信用申請中的信息：您的工作或職業、工作時間或您是否擁有房屋。

To improve your credit score under most models, concentrate on paying your bills on time, paying down outstanding balances, and not taking on new debt. It's likely to take some time to improve your score significantly. 要在大多數模型下提高您的信用評分，請專注於按時支付賬單、償還未清償餘額，而不是承擔新的債務。可能需要一些時間才能顯著提高您的分數。

What is an appraisal 什麼是估價報告 ?

An Appraisal is an estimate of a property's fair market value. It's a document generally required (depending on the loan program) by a lender before loan approval to ensure that the mortgage loan amount is not more than the value of the property. The Appraisal is performed by an "Appraiser" typically a state-licensed professional who is trained to render expert opinions concerning property values, its location, amenities, and physical conditions.

估價報告是對財產公平市場價值的估計。這是貸款人在貸款批准前通常需要（取決於貸款計劃）的文件，以確保抵押貸款金額不超過房產的價值。估價由“估價師”執行，通常是獲得國家許可的專業人士，該專業人士受過培訓，可以就房產價值、位置、便利設施和物理條件提供專家意見。

What is PMI (Private Mortgage Insurance) 什麼是 PMI（私人抵押貸款保險） ?

On a conventional mortgage, when your down payment is less than 20% of the purchase price of the home mortgage lenders usually require you get Private Mortgage Insurance (PMI) to protect them in case you default on your mortgage. Sometimes you may need to pay up to 1-year's worth of PMI premiums at closing which can cost several hundred dollars. The best way to avoid this extra expense is to make a 20% down payment, or ask about other loan program options.

在傳統抵押貸款中，當您的首付低於房屋抵押貸款購買價格的 20% 時，貸款人通常會要求您購買私人抵押貸款保險 (PMI)，以防您拖欠抵押貸款。有時您可能需要在收盤時支付高達 1 年的 PMI 保費，這可能需要數百美元。避免這筆額外費用的最佳方法是支付 20% 的首付，或詢問其他貸款計劃選項。

What is 80-10-10 financing 什麼是80-10-10融資 ?

Surprising as it may seem, some folks with hefty incomes find that it’s mighty tough for them to save enough money to make a 20% cash down payment on their dream homes. Using conventional financing, such buyers must purchase Private Mortgage Insurance (PMI) which increases the cost of home ownership and, ironically, makes it even more difficult to qualify for the mortgage. However, if you’re a dues-paying member of the cash-challenged class, don’t despair. Given that your income is sufficiently high, it’s eminently possible to avoid getting stuck with PMI. That is why 80-10-10 financing was invented. It is called 80-10-10 because a savings and loan association, bank, or other institutional lender provides a traditional 80% first mortgage, you get a 10% second mortgage, and make a cash down payment equal to 10% of the home’s purchase price. By using this method, you are no longer obligated to take out PMI on your property.

令人驚訝的是，一些收入豐厚的人發現，他們很難存下足夠的錢來為他們夢想中的房子支付 20% 的現金首付。使用傳統融資方式，這些買家必須購買私人抵押貸款保險 (PMI)，這會增加房屋所有權的成本，而且具有諷刺意味的是，這使得獲得抵押貸款的資格變得更加困難。但是，如果您是現金挑戰班的會費成員，請不要絕望。鑑於您的收入足夠高，完全有可能避免陷入 PMI。這就是發明 80-10-10 融資的原因。之所以稱為 80-10-10，是因為儲蓄和貸款協會、銀行或其他機構貸方提供傳統的 80% 的第一抵押貸款，您獲得 10% 的第二抵押貸款，並支付相當於房屋 10% 的現金首付購買價格。通過使用這種方法，您不再有義務對您的財產進行 PMI。

The same principle applies if you can only afford to make a 5% down, 80-15-5 financing is also available. However, because a smaller cash down payment increases the lender’s risk of default, do not be surprised when you are asked to pay higher loan fees and a higher mortgage interest rate for 80-15-5 than you pay for 80-10-10.

如果您只能支付 5% 的首付，同樣的原則也適用，80-15-5 融資也可用。但是，由於較低的現金首付會增加貸方的違約風險，因此當您被要求為 80-15-5 支付比為 80-10-10 支付更高的貸款費用和更高的抵押貸款利率時，請不要感到驚訝。

What happens at closing 完結後會有什麼發生 ?

The property is officially transferred from the seller to you at "Closing" or "Funding".

該物業在 “結束” 或 “放款” 時正式從賣方轉讓給您。

At closing, the ownership of the property is officially transferred from the seller to you. This may involve you, the seller, real estate agents, title or escrow firm representatives.

成交時，房產的擁有權正式從賣方轉移給您。這可能涉及您、賣方、房地產經紀人、產權或託管公司代表。

Most paperwork in closing or settlement is done by title or escrow firm representatives. You may or may not be involved in some of the closing activities; it depends on who you are working with.

大多數成交或和解的文書工作是由產權或託管公司代表完成的。您可能會也可能不會參與某些成交活動；這取決於你和誰一起工作。

Prior to closing you should have a final inspection, or "walk-through" to insure requested repairs were performed, and items agreed to remain with the house are there such as drapes, lighting fixtures, etc. 在關閉之前，您應該進行最終檢查或“看屋”以確保進行了要求的維修，並且同意留在房屋中的物品如窗簾、照明設備等在那裡。

settlement is completed by a title or escrow firm in which you forward all materials and information plus the appropriate cashier's checks so the firm can make the necessary disbursement. Your representative will give the keys to you. 結算由所有權或託管公司完成，您可以在其中轉發所有材料和信息以及適當的銀行本票，以便公司進行必要的支付。您的代表會將鑰匙交給您。

Outstanding Investment Lending

卓越房地產貸款公司