How long have you been in the mortgage business and what inspired you to get into it?
I have formally been in the business since 2016 and my inspiration was my family and their continual encouragement.
Who is your typical customer and what questions do they typically have?
For me there is no such thing as a typical customer. As far as typical questions: What can I qualify for? Is this going to be a lot of work?
What specific steps do you use to help your customers find the best home loan for them?
I gather as much information as I possibly can about my clients, their needs and current financial circumstance. I consult and try to give a few scenarios. I find it benefits all of us when we collaborate.
What are the pros and cons of a fixed rate mortgage versus an adjustable rate mortgage (ARM)?
A Fixed Rate Mortgage is good for a few reasons: It locks in the interest rate that you will pay and the payment is unchanged for the duration of the loan. This loan offers more flexible mortgage term options than other mortgage programs. Lenders usually offer fixed rate mortgages with a range of terms including 10, 15, 20, 25 and 30 years. It gives the borrower security and peace of mind.
The "Con": Higher interest rate and monthly payment relative to an ARM.
ARMs are good because you will pay a lower interest rate, lower monthly payment and because of that you will be able to afford a larger mortgage amount. This is a great loan if you plan on owning your home for a set period of time (usually less than 10 years)
The "Con": if you remain in the loan after the fixed rate period ends (3,5,7,or 10 years), the rate would adjust and create a potential increase in interest rate and monthly payment as well as greater risk and less certainty as compared to a fixed rate mortgage.
What resources could you recommend that borrowers use to learn more about the mortgage process and how to ensure a successful home closing?
https://www.guaranteedrate.com/resources (I know, but it is awesome!)
What do you enjoy doing most in your spare time when you are not helping people with their home loans?
Hanging out with the kids and my wife, I play drums and try to get to at least one local jam a week and I am a trained graphic designer, so I lend my design talents to helping local non-profits who need marketing material or website help.
Tell us something that makes you unique or something wacky, yet interesting about you?
I can clap with one hand :)