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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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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

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

Like most people in lending, real estate, I kind of fell into the industry. I was a communications/journalism major in college. Was looking for a "regular" job and my friend said there was an entry level position at the small mortgage broker her worked for. I took it and was a great learning experience starting out as a loan processor, familiarizing myself with the backend paperwork, guidelines, etc. I am a lifelong Chicagoan. Growing up in the Wildwood neighborhood on the Northwest Side. I currently live in the Forest Glen neighborhood with my wife and three kids.

Tim 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 industry for 13 years. I love helping people, from first-time homebuyers to seasoned real estate investors
Who is your typical customer and what questions do they typically have?
As many loan officers will say; you do not need a 20% down payment to qualify. FHA allows 3.5% down. Conventional 5%. If the clients have excellent credit, the loan terms for a conventional loan with 5%-15% down are often relatively similar to 20% down rates and terms.
What advice would you give new or first time home buyers?
As a whole, I would recommend first-time homebuyers reach out to a loan officer before they start looking, ready to buy. This is a basic tip for all potential buyers but especially if it is your first home. Not only in terms of knowing you qualify, getting pre-approved but also to go over monthly payments for your wanted price range to make sure you are comfortable with the payment. Knowing down payment, loan program options, etc
What are the top 3 misconceptions people have about the home loan process?
It take 2 months or more to close. We can often times close in less than one month at Guaranteed Rate. A good amount of paperwork is involved in obtaining a mortgage, which will likely not change anytime soon, but as far as a buyer qualifying; I think many clients are more qualified than they think initially. On the flip side, requirements for 2-4 unit buildings, whether a primary residence or not, are typically more stringent and require a greater down payment than a condo or single family home.
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 am involved with Edgebrook and Norwood Park Chamber of Commerce. I support Danny Did Foundation which is making 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?
I enjoy playing softball and basketball during the summer

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