Loan Officer Profile

Chris Ross

HomePlus Mortgage

2878 Camino Del Rio South Suite 402 San Diego, CA 92108
NMLS ID: 512260
Licensing/Registration information on this individual can be found by clicking the NMLS ID number

About Me

I'm a CMPS certified mortgage professional with 19+ years' experience in mortgage lending. My primary focus is providing exceptional customer service throughout the process, while ensuring we secure the best terms possible.

Recently Answered Questions

Questions See All Answers
How do I know if I qualify to get a refinance loan?
4

Chris's Answer

If you've had a mortgage for 5 years, you should be able to re-qualify, since guidelines have been relatively stable. When you boil it down, mortgages are pretty simple. There are 4 qualifying criteria that need to be met. They are Credit, Collateral, Capacity, and Cash, a.k.a. the 4 C's of underwriting. If you have the 4 elements in place, it's just a matter of ironing out the details. Credit will be addressed via the credit report, the better the score the better the pricing. Ideally, you have a score in the mid 600's or higher. Collateral is the home securing the loan. This will be satisfied with the appraisal. Capacity is your ability to repay the loan. To assess this, your loan officer will gather your existing monthly credit obligations (car payment, credit cards, etc...) and add to it your proposed housing expense. The total monthly outgoing should be no more than 43% of your monthly income. Cash is money for down payment/closing costs on a purchase, or cash

Interest Only Loans
2

Chris's Answer

While interest only loans have become more scarce in the last few years, they are certainly still available. Qualifying is similar to a standard principal and interest loan, and a number of Lending Tree companies offer them. An interest only loan can be useful tool, provided the borrower understands all facets of the loan. It's a good fit for an investor who wants to make the property cash flow, and may be looking to sell the home before the loan converts to a principal and interest payment. Or, for a borrower who expects his/her income to rise significantly in the coming years and wants to get in the home sooner than later.

Ratings & Reviews

  • Loan Officer Review
    from Torrance, CA
    (5 of 5)
    Recommended!
    Reviewed:

    Amazing service

    Chris was phenomenal. He made the refinance process very streamlined, and was very responsive in addressing our questions. He also worked very diligently to make sure the loan closed on time. I would highly refer Chris Ross to my friends and family.

  • Loan Officer Review
    from San Diego, CA
    (5 of 5)
    Recommended!
    Reviewed:

    Awesome service

    Awesome service, and made the process run smoothly. Always prompt with his responses no matter of the time..

  • Loan Officer Review
    from Spring Valley, CA
    (5 of 5)
    Recommended!
    Reviewed:

    Exceptional

    Chris was exceptional with keeping me informed of the process and was very responsive to all my inquires. Overall, he was very professional, knowledgeable and personable.

  • Loan Officer Review
    from Meadow Vista, CA
    (5 of 5)
    Recommended!
    Reviewed:

    Great job Chris

    My previous review was based on the excellent service I received from Chris. Please refer to it. In short, I would not have proceeded with the loan but for the confidence I had in Chris to get the job done. And he did.

  • Loan Officer Review
    from Ramona, CA
    (5 of 5)
    Recommended!
    Reviewed:

    Excellent customer service & A+++ communication

    Chris Ross provided excellent customer service! He addressed all of my questions and concerns the same day that I asked and typically answered questions within 5 minutes. A+++ on communication skills which is a necessity when it comes to applying for a mortgage. In addition, he is extremely knowledgeable in his field and provided guidance throughout the entire application and mortgage approval process. Thank you kindly... Read More

  • Loan Officer Review
    from La Crescenta, CA
    (5 of 5)
    Recommended!
    Reviewed:

    Excellent Service

    Chris Ross was great to work with. He was responsive and provided an excellent level of service. He was able to find us a great rate on our refinance. Our family has worked with Chris several times and would highly recommend his services.

  • Loan Officer Review
    from San Bruno, CA
    (5 of 5)
    Recommended!
    Reviewed:

    2nd time just as good as the 1st

    Worked with Chris a year and a half ago when I re-financed the same property the first time. Just like last time, Chis walked me through all the issues we may face due to my particular situation. I never felt blindsided though we weren't able to get the rate I was hoping for, but it was only 1/8% difference. Very professional and was always available if I had any questions. A true pleasure to work with... Read More

  • Loan Officer Review
    from Chula Vista, CA
    (5 of 5)
    Recommended!
    Reviewed:

    Responsive and guided me through the process.

    Chris is very responsive (even on weekends) and was able to advise me through the refinance process. The process went pretty smooth and he answered any questions I had. The closing was pretty close to the initial estimate (a few hundred dollars more) and the interest rate was the same as estimated which is great! Would use him again in the future.

  • Loan Officer Review
    from Oceanside, CA
    (5 of 5)
    Recommended!
    Reviewed:

    Chris Rocked

    Chris was very helpful. He was knowledgeable about the factors that affect rates and credits and helped me choose the proper time to lock the rate. He was very responsive to both text and email and made my work easy despite my travel schedule. Very pleased.

  • Loan Officer Review
    from San Marcos, CA
    (5 of 5)
    Recommended!
    Reviewed:

    True professional, outstanding service!

    This review has been long overdue. Chris was exceedingly helpful during our home purchase and throughout our mortgage process. Not only did he have some of the best rates, but also the best customer service. Everything was clean, easy, and on time, and Chris helped us throughout the whole process. I would highly recommend him to anyone and will call him in the future for any mortgage needs.... Read More

I'm a CMPS certified mortgage professional with 19+ years' experience in mortgage lending. My primary focus is providing exceptional customer service throughout the process, while ensuring we secure the best terms possible.