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Ray Reinhardt

Divisional Production Manager
7801 E. Bush Lake Rd, Ste 130, Bloomington, MN 55439
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NMLS: 167859
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Ray interview Q&A

How long have you been in the mortgage business and what inspired you to get into it?
I have been in the mortgage business for 22 years. My entry into the mortgage business was inspired by the experience that I had buying my first home. The loan officer we were recommended informed us on the way to the closing that we were denied. After going through that I decided that I would get into mortgage lending and not allow that to happen to anyone else.
What advice would you give new or first time home buyers?
The advice I would give to first time home buyers is to make sure and do a budget prior to looking at homes. They should have an idea of what they would like their mortgage payment to be prior to meeting with a Realtor or a Loan Officer. The key here is to look at their current life style and plan a mortgage payment that will allow them to continue living that life style.
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.
Summary of where you grew up: family, affiliations, college, high school, etc.
I grew up in St. Paul the youngest of five boys and attended Highland Park High School. After graduating from the University of Minnesota I moved to Plymouth Minnesota and still live there with my wife and four children.
Tell us something that makes you unique or something wacky, yet interesting about you?
Besides being a mortgage originator, I love to ice fish in the winter and spend 5-6 days a week watching my children\'s sporting events.

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