What specific steps do you use to help your customers find the best home loan for them?
We start the process by completing a loan consultation with customers. We go over all of their finances and their personal financial goals. From there I assist them in finding the best fit for their home mortgage that will fit with the rest of their goals.
What are the pros and cons of a fixed rate mortgage versus an adjustable rate mortgage (ARM)?
30 year fixed rate mortgages are the most common mortgage in the industry. However, they are not always the best fit for every borrower. Borrowers who instinctively go to a 30 year fixed could be potentially spending thousands of extra dollars over the life of their loan in interest unnecessarily.
What can borrowers do to insure a smooth mortgage underwriting process?
Be as upfront and honest as possible. Something that you failed to mention at the beginning of the process could potentially cause a big problem later in the process. If you own any part of a business or any kind of property you should make sure to mention it at the beginning to avoid delays, extra costs, and even potentially no longer qualifying for the mortgage.
What do you enjoy doing most in your spare time when you are not helping people with their home loans?
My wife and I love to volunteer with animal rescues and fostering dogs that would be otherwise put down. Seeing how much love and happiness these often abused animals have after everything they have been through is a really eye opening and rewarding experience.
Tell us something that makes you unique or something wacky, yet interesting about you?
Growing up in the country on a farm, my closest neighbor was over a mile away from my home and I had to drive 20 minutes to get to the "city". The city being the closest town of just under 2,000 people. Living in Chicago for the last 5 years has been slightly different than where I grew up.