Denny Heatherly

Vice President of Mortgage Lending
7808 W. College Dr, Ste 2NE-SE, Palos Heights, IL 60463
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NMLS: 348271
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I can't say enough good things about Denny Heatherly! He walked me through several issues that seemed huge to me but he quickly and calmly set me on the right path. He was the key to making this whole process go smoothly for me and my wife!! Thanks Denny!!!

John E. | July 2018

I had an excellent experience with Guaranteed Rate. I was working on my loan with Denny Heatherly who really knows what he is doing, fast and easy to reach . Very supportive and understanding and trying hard to help as much as he can . I highly recommend guaranteed rate to anyone who is seeking to get a loan. Guaranteed Rate will be always my choice for the future.

Iman M. | July 2018

We were on the quest to obtain a loan that we thought would be impossible to get. Denny, our loan officer, assured us he would do his best to make it happen. He not only made it happen, but on numerous occasions throughout the process, went above and beyond to make sure things got done, and guided us every step of the way. It was even an added bonus that he came to our closing to follow through and make sure everything was in order. We couldn't have gotten our loan without him! He was amazing!...

Mona A. | February 2018

Denny Heatherly, Jeanne Montoya and Brian Daniels were all tremendous. They knew my situation and treated me like I was their only customer. Communications were clear and professional. MOST IMPORTANT>>>> RESPONSES WERE IMMEDIATE> Loan closed when promised. Did I mention, Responses to any inquiries were absolutely immediate?

Kenneth K. | November 2017

Denny Heatherly was an awesome person to work with. During the economic disaster of 2008 I lost a lot and wasn't sure I qualified for a mortgage yet. Denny worked with me and went above and beyond to help me. I found him to be very knowledgeable and professional. He provided me with the support and guidance I needed to make it through the process. Working with him was a great experience and I would highly recommend him to anyone. Thank You, Denny.

Cheryl R. - March | 2017

This is our 3rd time working with Denny and he is just the best! He knows how everything works and I recommend him 100%!

Erin G. - February | 2017

Denny was a pleasure to work with. He made the loan process easy. He went above and beyond to help in any way he could including answering any emails and texts after hours and including weekends. I would definitely recommend reaching out to Denny. My family will call on him again on our next move. Thanks!

Marco R. | 1/31/2017

Denny Heatherly was a class act. With all the issues that arose he stood up for us and made it as easy and stress free as possible. Was recommended to him from a friend and would absolutely pass on the favor. Thanks Denny. Hope when it comes to sell this house and upgrade you're still in the business.

Kenneth T. - 12/14/2016

Denny is our guy, he has been a huge help both during our initial purchase and our refi.

John C. - Funded 10/31/2016

Denny and his team provide terrific customer service and communication. What a team. Many thanks.

Mary K. - 10/3/2016

Denny Hearthly is the best. He helped through the whole process, twice. This my second time with your company. The best !! thank you

Alma L. – Lombard ,IL | June 2015

We were told by Denny, right from the beginning, how the process worked. The entire process went very smooth, from start to finish. We can't say enough, how happy we were to have Denny Heatherly handle things for us. Excellent communication, every step of the way.

Robin D. - Orland Park, IL | Dec. 2014

Denny is the best! I will recommend him to every one I know! I felt very safe in his hands!

Alma L. -- Lombard, IL 7/10/2014

Denny was awesome! He helped me keep my mortgage and get the house through a job change! He was flexible and kept the humor through it all. I trust Denny and wouldn't hesitate a second to refer him to anyone who asks about my loan experience!

Matthew S. -- Naperville, IL 6/30/2014

"We were very impressed with Denny Heatherly. He’s one of the most professional loan officers we have ever experienced. His knowledge of the industry and products is as good as it gets. He told us up-front what would be needed, and kept us in the loop every step of the way. It was a simple process, there were no surprises and we got exactly what he said we would on exactly the day he said it would happen. We will send many friends to Denny as a referral source."

Donald A. --Palm Springs, CA. -- 6/ 2013

"Denny Heatherley was particularly easy to work with and made what could have been a difficult process very low stress. Thanks Denny!"

Charles P. -- Hinsdale, IL. -- 6/ 2013


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Denny interview Q&A

How long have you been in the mortgage business? What awards have you won?
Prior to my current 17 years in the residential mortgage business, I was a mortgage bond trader for 14 years. During that time, I traded all of the mortgage products that I sell today. We were experts at knowing what drove rates up and down and when to expect one or the other. I use that experience today to advise my clients on when to lock in a rate if we expect a rise, or to hold off as I see rates being driven down with market conditions and forthcoming news. Having the latest economic data on my screens hourly, it is easy for me to track the flow of mortgage rates with the 40 lenders that I work with. These days, mortgage rates move hourly like stocks. Being able to assist in locking in the lowest interest rates for my clients by studying the trends has helped me keep a steady clientele and referral base. Let's face it, what client hasn't started out a conversation with, "what are your rates or is this a good time to lock?" what I am good at!
What are the pros and cons of a fixed rate mortgage versus an adjustable rate mortgage (ARM)?
Fixed rates vs. Adjustable. You have heard the cries about NEVER using an adjustable rate after what has happened in the economy. But sometimes, that adjustable rate is the perfect product for YOUR situation. If you know for sure that you won't be in that house for more than 3, 5, or maybe 7 years, why are you doing a 30 year? For the transferee, construction flipper, or someone who knows that this "starter" home will not be in the plans in a few short years, the "ARM" is probably the way to go. Rates and payments are much better than a 30 year and it is fixed while you are there. There is so much confusion regarding these loans and negative talk in the media that you need to find the perfect loan for your own situation. I make it very easy and understandable and guide you through the numbers and risks to see if this is for you. Know your options and then make the best decision for your life situation.
What can borrowers do to insure a smooth mortgage underwriting process?
Applying for a mortgage these days can be extremely stressful. Rules and guidelines have changed. Although the politicians want you to believe that they have made the process more transparent, they have made underwriting loans twice as hard. The paperwork trail that is asked for can be tedious. Knowing up-front what type of documentation will be needed helps tremendously in making for a smooth process. I have the "laundry list" that I send out prior to starting a loan. It helps clients collect what they usually have at home and lets them know what to be getting from sources that they do not have on hand. If documentation is ready from day 1, it makes for smooth sailing to underwriting. I do not start a loan until I know that I have all of the documents needed to get to a loan to closing. Being organized is the most helpful attribute to the loan process.
What provides you with the most satisfaction in your job as a Loan Officer?
I have been affiliated with mortgages one way or another for over 25 years. I have seen products and guidelines come and go. I have seen banks and other lenders come and go. The one thing that has not changed over the years is the satisfaction that I get by helping clients know the products that they are getting into, or finding a great option for their personal situation that they never even knew existed. I always tell people that after they close on their loan that they need to say to themselves, "this is the smartest thing we could have done." I am very good at what I do which makes it easy to come to the office every morning. You don't hear it often, but "I love my job". And I love helping people to understand a business, products and guidelines that I know inside and out.
Tell us something that makes you unique or something wacky, yet interesting about you?
When I have free time away from mortgages, I play competitive golf around the country. I competed in The World Amateur 9 times (finishing 2nd once) and various tournaments from coast to coast. Being in the mortgage business has taken the stress out of a tricky downhill breaking 6 footer for a win. If not golfing, spending time at my condo on the ocean in Myrtle Beach and being with friends at "Ocean Annnie's" is one of the best places you could be.

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