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Tim Mieling

Vice President of Mortgage Lending
506 W. Higgins, Park Ridge, IL 60068
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NMLS: 224420
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TestimonialsCustomer testimonials Read more

Tim made the whole process stress free and easy. He was extremely friendly and helpful and answered all my questions in a timely manner. I couldn't have been happier with Tim and his team. I will be recommending him to anyone I know who is looking for a mortgage!

Lisa G. | APR 2017

I had a great experience working with Tim Meiling and his team. They were knowledgeable, friendly and responsive to all our needs. The online tools to submit documents and monitor loan status was excellent. We felt like we received great communication and were always updated on the progress of our loan. We are extremely satisfied with the service and will absolutely recommend guaranteed rate to others

Sean P. - Itasca, IL | MAR 2017

Tim was great. Always available and very responsive. Provided great guidance throughout the process and listened when I asked basic questions because I didn't know what was going on. Thank you Tim, you are the man!

Nicholas H. - Chicago, IL | OCT 2016

Tim and his team were fantastic to work with, we tried a few other banks to obtain a loan and with no success. Tim is extremely knowledgeable in all facets of the mortgage business and I would not look any further then working with him and his team again for any future mortgage needs. My wife and I are very satisfied.

James C. - Evanston, IL | OCT 2016

I was stuck in a 30 year loan with TCF Bank at an alarming rate of 6.68% (for big loan -- and 6.06% for small loan.) Even though I have excellent credit and made all of my payments on time, TCF told me there was nothing I could do to lower the rate, and they were making it very difficult to refinance. I thought there was no way out, until I met with TIM MIELING from Guaranteed Rate. Not only did he consolidate my two loans into one through refinancing, he dropped my rate to 3.5% (!!!) AND...

Jeanne B. - Chicago, IL | Jan. 2016

Tim was great - I'm so glad I was referred to Guaranteed Rate. Also very thankful I was able to take advantage of the historically low interest rates to refinance.

Erin K. - Chicago, IL | Jan. 2016

My husband and I worked with Tim Mieling on purchasing our first home. He was very helpful and explained everything in detail to us. Making this experience as easy as possible to us. We understand that purchasing a new home can be a hard and very stressful, but we didn't feel this way at any moment. Anytime we didn't understand something Tim was ready and very kind to help us, responding very fast to our email's and or messages. We would highly recommend Tim to any of our friends and family...

Nevila H. – Franklin Park | JAN. 2016

Tim is great, extremely helpful, answering all of my questions. Always taking time to follow up by email and phone. Everything went smoothly with Tim.

Siobhan R. – Chicago, IL | SEP 2015

"I can't say enough about the level of professionalism and organization Tim Mieling displayed throughout our loan process. He was very thorough in his explanations and quick to reply if we ever had any questions or concerns."

Peter S. - Chicago, IL - 8/2015

"Our experience with Guaranteed Rate was very positive. Given the stress that surrounds obtaining a loan to purchase a home, the professionalism of Guaranteed Rate made the process much easier than we imagined. Tim Mieling did an outstanding job of keeping us up to date on key deadlines and helping us every step of the way."

Matt. L - Chicago, IL - 8/2015

"Tim was excellent!!! Professional, friendly,intelligent, extremely pleasant to talk to."

Deborah T. - Chicago, IL - 8/2015

"I have used Tim Mieling before for another refinance about three years ago. He was initially referred to me by my brother, who has done several loans with Tim. When someone comes back and does business with you again, there is no greater testimonial, especially with all the competition in the mortgage industry. Tim does a great job and I will continue to do business with him in the future."

Andrew L. Park Ridge, IL - 5/2015

Tim Mieling is great! Best in the biz.

Ryan C. – Austin, TX | May. 2015

Tim is a very professional Loan Originator! He explained everything, step by step, to me and my husband. Throughout the loan process, on closing day, he will be there when you need it. I'm a Realtor and I will recommend him to my future clients.

Clara P. -- Chicago,IL 4/30/2014

“I was overwhelmed by the process of buying a new home. Tim Mieling at Guaranteed Rate made the financing portion of the process as easy as possible. Tim was very personable and responsive, which was very helpful as I pushed forward in the process and various documentation was required quite quickly from my lender, lawyer and realtor. Tim went above and beyond and, as such, made my buying process a cinch! I encourage you to work with him and his team should you begin the buying process!”

Sirisha Y. – Chicago, IL – 9/2013

Hey, check out this amazing review from Pattie about Tim! “Tim Mieling worked with us on getting our home refinanced. While lenders are making you jump through hoops to get money, Tim was wonderful at getting a great rate, following through to get the process completed and making it as painless as possible. I would highly recommend him!”

Pattie K. – Cook, IL – 6/2013

Hey check out the great review from Jacqueline about Tim! “Tim Mieling was great! He worked diligently to ensure I closed within 30 days, which was my main priority. I felt well informed and confident in your company as a lender the whole time. Really above and beyond service! Whole experience was great I received a fair rate, fast approval! I certainly will be referring Tim!”

Jacqueline L. -- Lockport, IL -- 03/2013

Hey check out the amazing review from Jonathan about Tim! “Tim Mieling was very organized and persistent in making sure everything lined up and handled all of our questions quickly and accurately. We are very happy with how everything unfolded! Thanks Tim!”

Jonathan S. -- Evanston, IL -- 01/2013

We were first time home buyers and we worked with Tim Mieling as our broker. I cannot recommend him highly enough. Tim was intelligent, patient with my millions of questions, very on top of seeing the whole process through from loan application to the closing without my needing to check up on things (he regularly reached out to update me on the progress himself), and most importantly he got the job done smoothly, efficiently, and even pleasantly! Who knew you could like your mortgage broker? If...

Beth P. Park Ridge, IL - 6/2012

About Tim

A lifelong Chicagoan, I grew up in the Wildwood neighborhood on the Northwest Side, and currently live in the Forest Glen neighborhood with my wife and three kids.

Like most people in mortgage lending and real estate, I kind of fell into the industry. In college I majored in communications and journalism. I found myself looking for a "regular" job, when a friend said there was an entry level position at the small mortgage broker she worked for. I took the position and it was a great learning experience—starting out as a loan processor, familiarizing myself with all of the back-end paperwork and lending guidelines.

Tim interview Q&A

How long have you been in the mortgage business and what inspired you to get into it?
I’ve been in the mortgage business for more than thirteen years now. I did not plan on a career in mortgage lending, but the opportunity to help people achieve their goals of home-ownership is very rewarding to me and one of the main reasons I have remained in the industry and will continue to do so.
Who is your typical customer and what questions do they typically have?
My customers run the gamut – from first-time homebuyers to seasoned investors. The industry has changed so much over the past few years, so even customers who have been through the mortgage process a number of times still have questions. Some of the most common questions I field have to do with down payment. You don’t need 20% down to qualify - FHA allows 3.5% down, and you can put as little as 5% down on a conventional mortgage. If the clients have excellent credit, the loan terms for a conventional mortgage with 5%-15% down are often very comparable to those with 20% down.
What advice would you give new or first time home buyers?
When a first-time homebuyer is relatively confident they would like to start looking in earnest to buy a home, I recommend they reach out to a loan officer before they actually start looking at properties. It’s a good tip for all potential buyers, but especially if it’s your first home - not only to find out how much you qualify for and get pre-approved, but to also go over monthly payments for your wanted price range to make sure you’re comfortable, review down payment options, compare available loan programs, and prepare for what to expect during the home loan process.
What are the top 3 misconceptions people have about the home loan process?
One of the most common misconceptions is that it takes 2 months or more to close. At Guaranteed Rate, we can often close in less than a month. It’s also very common for buyers to underestimate what they might qualify for, and I’ve found many clients are more qualified than they initially think. Another misconception is with the paperwork. Yes, there is a lot of documentation involved in obtaining a mortgage, and that’s not likely to change anytime soon. However, with digital mortgage applications, e-signatures, and secure file transfer systems, clients can provide documentation and view status updates right from their smartphones.
Are you active in any local associations or community groups, and at what level? What goals and/or success have you helped these groups achieve?
I’m involved with the Edgebrook Chamber of Commerce, and the Norwood Park Chamber of Commerce. I am a supporter of The Danny Did Foundation, which continues to make great strides in Epilepsy and Sudden Unexpected Death in Epilepsy (SUDEP) awareness.
Tell us something that makes you unique or something wacky, yet interesting about you?
During the summer I play in St. Margaret Mary’s softball league in Rogers Park. My team (Team Nil) currently has a streak of four consecutive titles.

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