What specific steps do you use to help your customers find the best home loan for them?
I always take the time to make sure my clients get the best pricing available through my extensive knowledge of all products and guidelines, making sure their credit scores are as high as possible, are fully informed of the application process and documentation requirements, and am available at all times to answer any questions they may have. I am there for my clients every step of the way, from start to finish.
What are the pros and cons of a fixed rate mortgage versus an adjustable rate mortgage (ARM)?
There are pros and cons with a fixed rate mortgage versus an adjustable rate mortgage (ARM), especially for first time homebuyers. The low initial cost of adjustable-rate mortgages, or ARMs, can be very tempting to home buyers, yet they carry a degree of uncertainty. Fixed-rate mortgages offer rate and payment security, but they can be more expensive. With the right information, whether it is a refinance or a new home purchase, I can help my customers pick the best mortgage that meets their financial goals.
Tell us about a specific challenging borrowing situation and how you got the mortgage closed and funded.
Every customer is unique! With 28 years experience, I know how to improve my client's ability to get the best products and pricing available.
What part of the home loan process do customers find most difficult and how do you help them through it?
The most common issue during the home loan process is usually before closing when the title company prepares the HUD. Understanding escrows for taxes and credits from the sellers can be confusing for anyone from first time buyers to experienced home owners that are refinancing for the third time. I go over the HUD with the clients on purchases and refinances item by item before closing. I patiently answer any questions they might have until they fully understand.
What do you enjoy doing most in your spare time when you are not helping people with their home loans?
When I am not helping people with their home loans, I enjoy playing tennis, water & snow skiing, scuba diving, horseback riding, volleyball, golf, biking, boating, pool, gardening, home rehab & decorating, city events, art, travel, cheering on the Cubs & Bears, wine tasting, cooking, & investing but only when profitable. I volunteer for Prevent Child Abuse Illinois & have hosted numerous fundraisers for them.
Tell us something that makes you unique or something wacky, yet interesting about you?
Along with being a mortgage banker, I love skijoring. This is cross country skiing while being pulled through the woods by two big, running wild dogs, my black lab Murphy & my pointer Zeppelin. It's a blast, but not the safest sport; we all love it though!