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Chris Woods

Vice President of Mortgage Lending
3940 North Ravenswood, Chicago, IL 60613
Contact Chris
NMLS: 223625
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TestimonialsCustomer testimonials Read more

This was such a better experience than when I used a large bank to purchase my last residence. At no point did I ever have to worry about the progress towards closing.

Thomas B. - Chicago, IL | APR 2016

Chris Woods was great; highly recommend him to anyone wanting to refinance their mortgage.

Elizabeth C. – Chicago, IL | Sep. 2015

Tried twice to get a lower interest rate with Chase; Chris Woods made it happen. Thanks, Chris!!!

Elizabeth C. 09/07/2015

Many people still prefer to approach their local banks or lenders for a major transaction like mortgage, however in our experience with ‘Guaranteed Rate’ geography of our respective locations was made irrelevant with their extremely well oiled processes – a right blend of technology and human touch. While online resources affirm their A+ rating, I confirm it with my own experience. Highly recommended for all your mortgage needs anywhere in the country!

Rohit M. 06/29/2015

While interacting with ‘Chris Woods’ it was evident that his knowledge and professionalism was top notch, this experience was further vindicated when we had the occasion to deal with other members of Chris Woods’ team, each of them professional, responsive and very courteous. Every milestone in our process was achieved on or before schedule – the fact that was noted and commented upon by our attorney at the closing. All of this plus the most competitive rate on a jumbo loan, ‘Guaranteed Rate’...

Rohit M. 06/29/2015

Few months ago we set out on a path to buy our new home in New Jersey and I initiated an extensive research on mortgage providers. After careful deliberation we short listed few providers with ‘Guaranteed Rate’ being one of them. The very first difference was in their response to our reach-out. ‘Chris Woods’, their VP of mortgage lending, became our primary contact, patiently answering our numerous questions and preparing us extremely well for the process ahead.

Rohit M. 06/29/2015

Thank you once again Chris to you and your team for helping our family move purchase our new home! Everything detail was covered and you were able to meet the turnaround time we needed for a "stress-free " move. Your advice and consultation is greatly appreciated. Thank you again for all that you do. We greatly appreciate it and share our experience with others.

Terry R. 06-02-2015

Chris Wood and Jessica worked very hard on my loan.

Kermit W. -- Coldspring, TX. 9/29/2014

"We are in the home building business and one of our customers used Guaranteed Rate. We decided to give you a try and are really glad we did! Chris Woods and the Guaranteed Rate team made the process go very smoothly and timely. It was a great experience ! "

Suzanne T. -- Annapolis, IN. -- 6/ 2013

About Chris

I have been in the mortgage business for the past 12 years and with Guaranteed Rate for the past 10 years. Before that I was in the restaurant industry and just needed a change. I love all aspects of the real estate industry with helping people go from renting a home to buying their first home. I like working with all my past clients that I've had for 10 years, and watching them go from their first home as a condo to the next home as a single family house and hearing about their family growing and moving on.

I graduated Texas State University in 1996 with a degree in Broadcast Journalism. I believe that this degree has helped me communicate more with my clients and also people in general.

I have lived in Roscoe Village for the past 15 years with my wife Amy and have a four year old son to keep me moving. My hometown is Houston, but have been in Chicago for the past 20 years and enjoy the city very much. You can't beat Chicago as a sports town and something to do every day, even in the winter.

Chris interview Q&A

How long have you been in the mortgage business and what inspired you to get into it?
12 years and wanted to get into it because I love real estate
Who is your typical customer and what questions do they typically have?
My typical customer is that first time home buyer. They usually ask about how much can they borrow and what is the lowest payment for them.
What specific steps do you use to help your customers find the best home loan for them?
I have them fill out the online mortgage application so I can see the whole picture. After that I have a detailed conversation about if this is their first property, how long they are staying and their overall picture for the next 7 years. This gives me a bigger picture of what type of loan they should be in.
How long have you been in the mortgage business? What awards have you won?
I have been in the mortgage business for over 15 years and with Guaranteed Rate the past 10 years. My business has grown each year I have been here and continue to grow both my purchase and refinance business today.
What are the pros and cons of a fixed rate mortgage versus an adjustable rate mortgage (ARM)?
The pro is that you get a lower interest rate and payment. And the con is that at one point the rate and payment would go up. I talk about this with clients that feel they will only be in a home for the next 5 to 7 years.
Tell us about a specific challenging borrowing situation and how you got the mortgage closed and funded.
A recent transaction was the case of a first time buyer that wasn't very good at the computer. I had to make a few trips to their house to get documents signed and even go to the bank for certain items for them. But in the end got the loan closed and client into a home.
What advice would you give new or first time home buyers?
Do your homework on the mortgage product that best suits your needs and have all your documentation ready in the beginning
Tell us about a mortgage product that consumers may not be aware of?
Some clients don't understand that you don't always need 20% to get into a home. We have products in the market for only 3% at this time.
How has the mortgage industry changed since you started, and what would you expect in the future?
In this day you need to document everything from the client. No more days of the stated income loan. I feel the future is bright for the housing market with interest rates staying steady for the next couple of years.
What part of the home loan process do customers find most difficult and how do you help them through it?
All the paperwork that is needed these days and the signatures we need. We help with the digital mortgage!!
What are the top 3 misconceptions people have about the home loan process?
You don't always need 20% down. We can do loans for scores down to 620.
What 2 or 3 mobile apps would you recommend for home buyers or house hunters, and why? What Smart Apps do you recommend your customers use for the house hunting process?
I like both Zillow and Trulia for helping buyers start the process, but always have a real estate agent to help with the process.
What resources could you recommend that borrowers use to learn more about the mortgage process and how to ensure a successful home closing?
Talk with a mortgage professional like Chris Woods to get the smooth transaction started.
What can borrowers do to insure a smooth mortgage underwriting process?
Get all the documentation we need in the beginning.
Summary of where you grew up: family, affiliations, college, high school, etc.
I grew up in Houston after I moved from Chicago when I was eight. Went to Klein High school and then onto Texas State University. Also, was with the Sigma Chi Fraternity at school.
Tell us something that makes you unique or something wacky, yet interesting about you?
I love my sports!! Ask Amy.

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