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Don Carey

Senior Loan Officer
307 Waverley Oaks Road, Ste 409, Waltham, MA 02452
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NMLS: 20659
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Don Carey is awesome. Helpful, informative, available. Couldn't have asked for anything more!

Ronald W. – Newton, MA | May. 2015

"I've previously worked with my loan officer Don Carey on my primary house mortgage, and I had a great experience. Don, Megan, and Julie were always responsive and stayed on top of things to keep the approval process moving and as smooth as possible. The rates were very competitive and everyone was very helpful and easy to work with."

Thomas O. -- Holliston, MA. -- 11/ 2013

“Don Carey did a great job in prepping me to get paperwork done early in the process and it helped me so much in gathering the paperwork and then getting the detailed paperwork in order. The whole process was very good, speedy and not complicated. Don and his team were great!”

Ann K. --Reading, MA --5/2013

About Don

I have been in the mortgage business for over 20 years. During this span of time, I have had the pleasure, and the privilege, of helping thousands of people with buying their dream home.I have also been able to help with refinancing homes to save money, pull money out of homes to renovate, and also help consolidate my clients' bills especially when it comes to college bills. All of it I find extremely rewarding .There are not too many professions that have such an instant and profound impact on peoples lives and I thoroughly enjoy the aspect of helping others.

My education was at St Sebastian's school in Newton, MA (now in Needham, MA) and from then I went on to get my degree from Providence College majoring in Marketing. Over the years, I can see where these two schools have really helped shape my life towards a profession of serving and helping .

Current I live in Norfolk, MA, married and have two children. My daughter graduated from Boston College and my son is still at Boston College. I try to go to as many sporting events at "the heights" as I can while still trying to work on my golf game. Life is good!

Don 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 industry for over 20 years. I got my start at Shawmut Bank ,many years ago, and have since worked for many of the major banks in the region. I got into the industry through a friend. He said he loved the job because not only was he making a living selling mortgages he was helping people buy homes and or saving them money on refinancing. I really enjoy helping people.
What specific steps do you use to help your customers find the best home loan for them?
At Guaranteed Rate I have access to well over 20 investors and hundreds of different loans programs.This large variety of products is great to have access to, but it now makes it essential for me to know my clients individual needs and wants in order to match them up with the best product. I pride myself in consulting with them to truly understanding those needs and wants. Some of the questions that make each loan different are; credit scores, how much for a down payment, how long do the feel they will be living in the home, etc, etc. Once I have attained enough proper information I can then go and use my search engine software to shop for the very best product in the market today.
What are the pros and cons of a fixed rate mortgage versus an adjustable rate mortgage (ARM)?
I am always asked" should look at a fixed rate or an adjustable"? My question back is .." how long will you be in the home for"? Unless you know for sure on your time frame, fixed is a good secure option..ARM products are fantastic in the right situation but they do run the risk of going up on you, so you must be prepared .
What advice would you give new or first time home buyers?
My biggest advice to any first time buyers is to start talking to a mortgage professional way ahead of time and try and get pre-approved. The sooner one talks with a professional mortgage person the sooner they can see their credit, see where their scores are, get help and suggestions on how to improve it, as well as getting advice and help for saving for down payment .With the proper advice way ahead of time it will help assure them that when they finally do find a property they will be able to buy it .
What part of the home loan process do customers find most difficult and how do you help them through it?
What most people can find frustrating is the time between their application and the day they actually close The time in between these two dates can tend to be frustration playing the waiting game. Wait for the process of full verificataion of all the information provided employment, assets, credit, appraisal, legal work,etc.can be difficult. It is here that I take pride in monitoring the whole process by keeping my clients up to date step by step till the day of their closing.
What can borrowers do to insure a smooth mortgage underwriting process?
The key to any job is great preparation. When one applies for a home mortgage the number one problem is lack of information given to the underwriter upfront so they can fully approve the loan right upfront. Timely and full information is the key to a smooth and a very happy process. Any and all information that the mortgage person asks for should be supplied in entirety and within a short period of time.These two steps are essential for a smooth process from the start to finish.
Summary of where you grew up: family, affiliations, college, high school, etc.
I grew up in Needham MA, where I attended St. Bartholomew's school. I went from there to St. Sebastian's (many years ago when it was located in Newton MA) and then went on to get my business degree from Providence College. I reside in Norfolk MA, and currently have both my children attending Boston College. GO EAGLES!!
What do you enjoy doing most in your spare time when you are not helping people with their home loans?
In my spare time I spend as much time as i can with my family. I like to work around the yard, play golf, and attend as many sporting events at Boston College and Providence College as I can.
Tell us something that makes you unique or something wacky, yet interesting about you?
Along with being a mortgage broker, I enjoy playing golf, and spending time with my family.

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