Mortgage Beat

Episode 084 of Mortgage Beat

Police Mortgage Loan Officer, Angel Saldana (NMLS #2767126) talks about the strategy of using an adjustable-rate mortgage (ARM) in today’s rate environment in the 4th quarter of 2026. He also stresses the need to look at the cap on the ARM that can provide some peace of mind in a rising-rate environment.

Rates mentioned during the episode are as of the date of recording on 10/8/26.

Mortgage Beat is brought to you by Police Mortgage, a full-service mortgage company dedicated to serving Police Officers and First Responders. Founded in 2008, Police Mortgage offers a variety of mortgage products tailored to meet the needs of those who serve and protect. To learn more or to apply for a home loan go to www.policemortgage.com or call 312-499-8878.

NMLS #268165

Police Mortgage – For First Responders Who Are Second To None.

ABOUT THE HOST:

Angel Saldana

I grew up on the southwest side of Chicago in a proud police family, with both of my parents serving in the Chicago Police Department. That upbringing gave me a deep appreciation for the commitment and sacrifice of law enforcement families.

I began my career at The National Police Federal Credit Union as a Branch Representative, where I spent two years assisting members with their financial needs. Prior to joining Police Mortgage, I worked as a realtor. During that time, I experienced a challenging transaction that was made difficult by a lack of communication from the loan officer involved. That experience opened my eyes to the impact a loan officer can have on a family’s homebuying journey — and it motivated me to enter this profession myself. 

I wanted to ensure that the families we work with feel supported, informed, and cared for every step of the way.

I joined Police Mortgage and am proud to serve the police community in a personal and meaningful way. My goal is always to make the loan process as smooth and stress-free as possible, while providing clear guidance and dependable service.

Outside of work, I enjoy spending time with my wife and daughter, staying active in the gym, and leading youth ministry at my church. 

These values of family, community, and service continue to guide both my work and my life.

Episode 083 of Mortgage Beat

Police Mortgage Loan Officers, Vivian Abraham (NMLS #2451439) and Patrick Doah (NMLS #2025761), stress that while it may be more difficult to buy a property in some cases, the dream of home ownership is still alive and well.

Whether you read financial news or watch business channels, you'll often hear discussions about whether the dream of homeownership is fading. Some say it’s harder to buy a home, others believe renting has become more popular, and there are various reasons for these views. So, is the dream of owning a home dying? Police Mortgage says, “Absolutely not!”

However, buying your first home is definitely more challenging. Reasons include large investment firms purchasing single-family homes to rent out, high prices compared to previous years, and rising monthly lifestyle costs which make saving for a down payment tougher than it was a decade ago.

It all comes back to planning. The earlier you reach out to Police Mortgage, the better. We’ll help you position yourself where you want to be, whether that's six months or a year from now. Early planning makes things much easier when buying your first home.

Mortgage Beat is brought to you by Police Mortgage, a full-service mortgage company dedicated to serving Police Officers and First Responders. Founded in 2008, Police Mortgage offers a variety of mortgage products tailored to meet the needs of those who serve and protect. To learn more or to apply for a home loan go to www.policemortgage.com or call 312-499-8878.

NMLS #268165

Police Mortgage – For First Responders Who Are Second To None.

ABOUT THE HOSTS:

Vivian Abraham

“I have my bachelor’s in business administration and have been involved in the banking industry for over 10 years. During this time, I managed two of the National Police Federal Credit Union locations prior to transitioning to Police Mortgage. I have family members who are police officers with the Chicago Police Department. My work has been very rewarding, and I take pride in having assisted countless members and their families with their financial needs and financial wellness. My hobbies include exploring new restaurants in the city and running for marathons that support pediatric cancer foundations and Chicago Police Memorial Foundation’s Run To Remember. I come from a large family primarily from the south side of Chicago and love to share all the diversity and beauty the city has to offer with my two children.”

Patrick Doah

“I am honored to grow up in a multi-generational family of Chicago Police Officers. I joined Police Mortgage in the summer of 2020 and love the opportunity to help both first-time buyers and repeat clients alike achieve their dreams of purchasing a home. Having been born and raised in the south suburbs of Chicago, I happily live in the Lakeview neighborhood today. Along with my two younger sisters, I am a graduate of the University of Illinois at Urbana-Champaign and a lifelong Chicago Bears fan. I have a strong passion for food and love exploring the vast array of restaurants throughout our city. Nothing makes me happier than spending a summer afternoon on a golf course with family and friends!”

Episode 082 of Mortgage Beat

Police Mortgage Loan Officers, Vivian Abraham (NMLS #2451439) and Patrick Doah (NMLS #2025761), talk about gift letters from family members.

Buying a home is more challenging now than it was decades ago, as house prices have outpaced wage growth. Many families want to help their children or relatives by giving gifts while they're still alive, allowing them to enjoy seeing those resources put to use.

Gifts from family members can be used for a mortgage down payment, but some rules apply based on loan type—typically, part of the investment must come directly from the borrower. Proper documentation, such as a gift letter and source statement, is necessary to track funds, and these are commonly used in home purchases. If you have a supportive relative willing to give, it can definitely work to your advantage in buying a home.

Mortgage Beat is brought to you by Police Mortgage, a full-service mortgage company dedicated to serving Police Officers and First Responders. Founded in 2008, Police Mortgage offers a variety of mortgage products tailored to meet the needs of those who serve and protect. To learn more or to apply for a home loan go to www.policemortgage.com or call 312-499-8878.

NMLS #268165

Police Mortgage – For First Responders Who Are Second To None.

ABOUT THE HOSTS:

Vivian Abraham

“I have my bachelor’s in business administration and have been involved in the banking industry for over 10 years. During this time, I managed two of the National Police Federal Credit Union locations prior to transitioning to Police Mortgage. I have family members who are police officers with the Chicago Police Department. My work has been very rewarding, and I take pride in having assisted countless members and their families with their financial needs and financial wellness. My hobbies include exploring new restaurants in the city and running for marathons that support pediatric cancer foundations and Chicago Police Memorial Foundation’s Run To Remember. I come from a large family primarily from the south side of Chicago and love to share all the diversity and beauty the city has to offer with my two children.”

Patrick Doah

“I am honored to grow up in a multi-generational family of Chicago Police Officers. I joined Police Mortgage in the summer of 2020 and love the opportunity to help both first-time buyers and repeat clients alike achieve their dreams of purchasing a home. Having been born and raised in the south suburbs of Chicago, I happily live in the Lakeview neighborhood today. Along with my two younger sisters, I am a graduate of the University of Illinois at Urbana-Champaign and a lifelong Chicago Bears fan. I have a strong passion for food and love exploring the vast array of restaurants throughout our city. Nothing makes me happier than spending a summer afternoon on a golf course with family and friends!”

Episode 081 of Mortgage Beat

Police Mortgage Loan Officers, Vivian Abraham (NMLS #2451439) and Patrick Doah (NMLS #2025761), share what those who have embraced the gig economy need to do to buy a property.

Our network also includes family members of first responders who are eager to work with us, even if they are not actively involved in law enforcement, firefighting, or similar professions. Nowadays, with the rise of the gig economy, individuals can assemble a career and income through various freelance or part-time jobs.

In these situations, it's possible to piece together a living from gig jobs and still buy a home. The key requirement is stability. Lenders look for a consistent average monthly income. If an applicant can demonstrate stable income over a two-year period, they may qualify for a mortgage. It's crucial to have a clear paper trail, with all income reported on tax returns. As long as the income is documented and reported, Police Mortgage can help find a way to secure a mortgage.

Mortgage Beat is brought to you by Police Mortgage, a full-service mortgage company dedicated to serving Police Officers and First Responders. Founded in 2008, Police Mortgage offers a variety of mortgage products tailored to meet the needs of those who serve and protect. To learn more or to apply for a home loan go to www.policemortgage.com or call 312-499-8878.

NMLS #268165

Police Mortgage – For First Responders Who Are Second To None.

ABOUT THE HOSTS:

Vivian Abraham

“I have my bachelor’s in business administration and have been involved in the banking industry for over 10 years. During this time, I managed two of the National Police Federal Credit Union locations prior to transitioning to Police Mortgage. I have family members who are police officers with the Chicago Police Department. My work has been very rewarding, and I take pride in having assisted countless members and their families with their financial needs and financial wellness. My hobbies include exploring new restaurants in the city and running for marathons that support pediatric cancer foundations and Chicago Police Memorial Foundation’s Run To Remember. I come from a large family primarily from the south side of Chicago and love to share all the diversity and beauty the city has to offer with my two children.”

Patrick Doah

“I am honored to grow up in a multi-generational family of Chicago Police Officers. I joined Police Mortgage in the summer of 2020 and love the opportunity to help both first-time buyers and repeat clients alike achieve their dreams of purchasing a home. Having been born and raised in the south suburbs of Chicago, I happily live in the Lakeview neighborhood today. Along with my two younger sisters, I am a graduate of the University of Illinois at Urbana-Champaign and a lifelong Chicago Bears fan. I have a strong passion for food and love exploring the vast array of restaurants throughout our city. Nothing makes me happier than spending a summer afternoon on a golf course with family and friends!”

Episode 080 of Mortgage Beat

Police Mortgage Loan Officers, Vivian Abraham (NMLS #2451439) and Patrick Doah (NMLS #2025761), agree that a little bit of pain in saving and buying the right home is almost always better than renting long term.

Even when the process proceeds smoothly with a competent loan officer, affordable property, and favorable conditions, home ownership inevitably involves some level of challenge. For individuals seeking to purchase a home, there is an expected degree of discomfort; while not excessive, it is necessary for long-term financial commitment. The ideal level of challenge may vary, but experiencing some difficulty during the transition is not inherently negative.

Purchasing a home represents a significant financial milestone. Prospective buyers should prepare by saving diligently, ideally for several months prior to closing, and be ready to reduce discretionary spending. This discipline fosters beneficial outcomes over time.

Mortgage Beat is brought to you by Police Mortgage, a full-service mortgage company dedicated to serving Police Officers and First Responders. Founded in 2008, Police Mortgage offers a variety of mortgage products tailored to meet the needs of those who serve and protect. To learn more or to apply for a home loan go to www.policemortgage.com or call 312-499-8878.

NMLS #268165

Police Mortgage – For First Responders Who Are Second To None.

ABOUT THE HOSTS:

Vivian Abraham

“I have my bachelor’s in business administration and have been involved in the banking industry for over 10 years. During this time, I managed two of the National Police Federal Credit Union locations prior to transitioning to Police Mortgage. I have family members who are police officers with the Chicago Police Department. My work has been very rewarding, and I take pride in having assisted countless members and their families with their financial needs and financial wellness. My hobbies include exploring new restaurants in the city and running for marathons that support pediatric cancer foundations and Chicago Police Memorial Foundation’s Run To Remember. I come from a large family primarily from the south side of Chicago and love to share all the diversity and beauty the city has to offer with my two children.”

Patrick Doah

“I am honored to grow up in a multi-generational family of Chicago Police Officers. I joined Police Mortgage in the summer of 2020 and love the opportunity to help both first-time buyers and repeat clients alike achieve their dreams of purchasing a home. Having been born and raised in the south suburbs of Chicago, I happily live in the Lakeview neighborhood today. Along with my two younger sisters, I am a graduate of the University of Illinois at Urbana-Champaign and a lifelong Chicago Bears fan. I have a strong passion for food and love exploring the vast array of restaurants throughout our city. Nothing makes me happier than spending a summer afternoon on a golf course with family and friends!”

Episode 079 of Mortgage Beat

Police Mortgage Loan Officers, Vivian Abraham (NMLS #2451439) and Patrick Doah (NMLS #2025761), stress the fiduciary duty to set their clients up for success.  

It is the responsibility of Police Mortgage to provide clients with a clear pathway, including a step-by-step plan for managing future rate adjustments. Discipline and control are key concepts, particularly for first responders, who typically possess strong risk management skills. Whether controlling emergencies as firefighters or making critical decisions as police officers or 911 operators, these professionals are accustomed to maintaining authority in dynamic situations. By providing education and tools, we empower clients to exercise greater control over their financial strategies.

Mortgage Beat is brought to you by Police Mortgage, a full-service mortgage company dedicated to serving Police Officers and First Responders. Founded in 2008, Police Mortgage offers a variety of mortgage products tailored to meet the needs of those who serve and protect. To learn more or to apply for a home loan go to www.policemortgage.com or call 312-499-8878.

NMLS #268165

Police Mortgage – For First Responders Who Are Second To None.

ABOUT THE HOSTS:

Vivian Abraham

“I have my bachelor’s in business administration and have been involved in the banking industry for over 10 years. During this time, I managed two of the National Police Federal Credit Union locations prior to transitioning to Police Mortgage. I have family members who are police officers with the Chicago Police Department. My work has been very rewarding, and I take pride in having assisted countless members and their families with their financial needs and financial wellness. My hobbies include exploring new restaurants in the city and running for marathons that support pediatric cancer foundations and Chicago Police Memorial Foundation’s Run To Remember. I come from a large family primarily from the south side of Chicago and love to share all the diversity and beauty the city has to offer with my two children.”

Patrick Doah

“I am honored to grow up in a multi-generational family of Chicago Police Officers. I joined Police Mortgage in the summer of 2020 and love the opportunity to help both first-time buyers and repeat clients alike achieve their dreams of purchasing a home. Having been born and raised in the south suburbs of Chicago, I happily live in the Lakeview neighborhood today. Along with my two younger sisters, I am a graduate of the University of Illinois at Urbana-Champaign and a lifelong Chicago Bears fan. I have a strong passion for food and love exploring the vast array of restaurants throughout our city. Nothing makes me happier than spending a summer afternoon on a golf course with family and friends!”

Episode 078 of Mortgage Beat

Police Mortgage Loan Officers, Vivian Abraham (NMLS #2451439) and Patrick Doah (NMLS #2025761), discuss the value of an adjustable-rate mortgage (ARM) and when it makes sense.   

An ARM is best suited for those with significant down payments, ideally at least 20%—and established equity at closing. This product typically benefits experienced homebuyers who plan to stay in the property short-term and can take advantage of lower rates, potentially paying extra toward principal to reduce future refinancing costs.

While renting may have been preferable in periods of high interest rates, decreasing rates today make buying more attractive. Building equity and potentially lower monthly payments favor homeownership, but decisions depend on individual circumstances and market changes.

Mortgage Beat is brought to you by Police Mortgage, a full-service mortgage company dedicated to serving Police Officers and First Responders. Founded in 2008, Police Mortgage offers a variety of mortgage products tailored to meet the needs of those who serve and protect. To learn more or to apply for a home loan go to www.policemortgage.com or call 312-499-8878.

NMLS #268165

Police Mortgage – For First Responders Who Are Second To None.

ABOUT THE HOSTS:

Vivian Abraham

“I have my bachelor’s in business administration and have been involved in the banking industry for over 10 years. During this time, I managed two of the National Police Federal Credit Union locations prior to transitioning to Police Mortgage. I have family members who are police officers with the Chicago Police Department. My work has been very rewarding, and I take pride in having assisted countless members and their families with their financial needs and financial wellness. My hobbies include exploring new restaurants in the city and running for marathons that support pediatric cancer foundations and Chicago Police Memorial Foundation’s Run To Remember. I come from a large family primarily from the south side of Chicago and love to share all the diversity and beauty the city has to offer with my two children.”

Patrick Doah

“I am honored to grow up in a multi-generational family of Chicago Police Officers. I joined Police Mortgage in the summer of 2020 and love the opportunity to help both first-time buyers and repeat clients alike achieve their dreams of purchasing a home. Having been born and raised in the south suburbs of Chicago, I happily live in the Lakeview neighborhood today. Along with my two younger sisters, I am a graduate of the University of Illinois at Urbana-Champaign and a lifelong Chicago Bears fan. I have a strong passion for food and love exploring the vast array of restaurants throughout our city. Nothing makes me happier than spending a summer afternoon on a golf course with family and friends!”

Episode 077 of Mortgage Beat

Police Mortgage Loan Officers, Vivian Abraham (NMLS #2451439) and Patrick Doah (NMLS #2025761), talk about the timing of purchasing a property.

There is rarely a “bad” time to buy a home if you’re thinking long term and planning to stay in the property. The main risk buyers fear is buying at the peak of the housing market, but building equity and getting out of the rent cycle is almost always beneficial over a lifetime.

Mortgage Beat is brought to you by Police Mortgage, a full-service mortgage company dedicated to serving Police Officers and First Responders. Founded in 2008, Police Mortgage offers a variety of mortgage products tailored to meet the needs of those who serve and protect. To learn more or to apply for a home loan go to www.policemortgage.com or call 312-499-8878.

NMLS #268165

Police Mortgage – For First Responders Who Are Second To None.

ABOUT THE HOSTS:

Vivian Abraham

“I have my bachelor’s in business administration and have been involved in the banking industry for over 10 years. During this time, I managed two of the National Police Federal Credit Union locations prior to transitioning to Police Mortgage. I have family members who are police officers with the Chicago Police Department. My work has been very rewarding, and I take pride in having assisted countless members and their families with their financial needs and financial wellness. My hobbies include exploring new restaurants in the city and running for marathons that support pediatric cancer foundations and Chicago Police Memorial Foundation’s Run To Remember. I come from a large family primarily from the south side of Chicago and love to share all the diversity and beauty the city has to offer with my two children.”

Patrick Doah

“I am honored to grow up in a multi-generational family of Chicago Police Officers. I joined Police Mortgage in the summer of 2020 and love the opportunity to help both first-time buyers and repeat clients alike achieve their dreams of purchasing a home. Having been born and raised in the south suburbs of Chicago, I happily live in the Lakeview neighborhood today. Along with my two younger sisters, I am a graduate of the University of Illinois at Urbana-Champaign and a lifelong Chicago Bears fan. I have a strong passion for food and love exploring the vast array of restaurants throughout our city. Nothing makes me happier than spending a summer afternoon on a golf course with family and friends!”

Episode 076 of Mortgage Beat

Police Mortgage Loan Officers, Vivian Abraham (NMLS #2451439) and Patrick Doah (NMLS #2025761), discuss financial habits, common mistakes, and best practices for young first responders.

Daily incremental purchases can really add up and drive up debt, as well as big purchases like expensive cars. Young first responders can set themselves up for a better financial future by being diligent with their finances which includes:

- Paying bills on time

- Setting aside a portion of income for savings

- Investing regularly

- Tracking where every dollar goes

- Using credit cards responsibly

- Adopting a long-term career outlook

Mortgage Beat is brought to you by Police Mortgage, a full-service mortgage company dedicated to serving Police Officers and First Responders. Founded in 2008, Police Mortgage offers a variety of mortgage products tailored to meet the needs of those who serve and protect. To learn more or to apply for a home loan go to www.policemortgage.com or call 312-499-8878.

NMLS #268165

Police Mortgage – For First Responders Who Are Second To None.

ABOUT THE HOSTS:

Vivian Abraham

“I have my bachelor’s in business administration and have been involved in the banking industry for over 10 years. During this time, I managed two of the National Police Federal Credit Union locations prior to transitioning to Police Mortgage. I have family members who are police officers with the Chicago Police Department. My work has been very rewarding, and I take pride in having assisted countless members and their families with their financial needs and financial wellness. My hobbies include exploring new restaurants in the city and running for marathons that support pediatric cancer foundations and Chicago Police Memorial Foundation’s Run To Remember. I come from a large family primarily from the south side of Chicago and love to share all the diversity and beauty the city has to offer with my two children.”

Patrick Doah

“I am honored to grow up in a multi-generational family of Chicago Police Officers. I joined Police Mortgage in the summer of 2020 and love the opportunity to help both first-time buyers and repeat clients alike achieve their dreams of purchasing a home. Having been born and raised in the south suburbs of Chicago, I happily live in the Lakeview neighborhood today. Along with my two younger sisters, I am a graduate of the University of Illinois at Urbana-Champaign and a lifelong Chicago Bears fan. I have a strong passion for food and love exploring the vast array of restaurants throughout our city. Nothing makes me happier than spending a summer afternoon on a golf course with family and friends!”

Episode 075 of Mortgage Beat

Police Mortgage Loan Officers, Vivian Abraham (NMLS #2451439) and Patrick Doah (NMLS #2025761), discuss the implications for mortgage payments when a first responder is injured in the line of duty.

It’s critical to inform lenders promptly to prevent potential financial challenges in the event of injury and loss of overtime. Early communication, especially with an organization that cares like Police Mortgage, may enable access to options such as forbearance or deferred payments.

Mortgage Beat is brought to you by Police Mortgage, a full-service mortgage company dedicated to serving Police Officers and First Responders. Founded in 2008, Police Mortgage offers a variety of mortgage products tailored to meet the needs of those who serve and protect. To learn more or to apply for a home loan go to www.policemortgage.com or call 312-499-8878.

NMLS #268165

Police Mortgage – For First Responders Who Are Second To None.

ABOUT THE HOSTS:

Vivian Abraham

“I have my bachelor’s in business administration and have been involved in the banking industry for over 10 years. During this time, I managed two of the National Police Federal Credit Union locations prior to transitioning to Police Mortgage. I have family members who are police officers with the Chicago Police Department. My work has been very rewarding, and I take pride in having assisted countless members and their families with their financial needs and financial wellness. My hobbies include exploring new restaurants in the city and running for marathons that support pediatric cancer foundations and Chicago Police Memorial Foundation’s Run To Remember. I come from a large family primarily from the south side of Chicago and love to share all the diversity and beauty the city has to offer with my two children.”

Patrick Doah

“I am honored to grow up in a multi-generational family of Chicago Police Officers. I joined Police Mortgage in the summer of 2020 and love the opportunity to help both first-time buyers and repeat clients alike achieve their dreams of purchasing a home. Having been born and raised in the south suburbs of Chicago, I happily live in the Lakeview neighborhood today. Along with my two younger sisters, I am a graduate of the University of Illinois at Urbana-Champaign and a lifelong Chicago Bears fan. I have a strong passion for food and love exploring the vast array of restaurants throughout our city. Nothing makes me happier than spending a summer afternoon on a golf course with family and friends!”