Who is your typical customer and what questions do they typically have?
I work with clients in all age ranges from young first time buyers to seasoned professionals who are looking for more advance mortgage planning.
What specific steps do you use to help your customers find the best home loan for them?
I usually start by asking them many questions on their personal situation to figure out what is most important to them. I start by asking many questions about their main needs, how long they plan to stay in the property or how long have they lived in the property. I also track the bond market and explain to them how rates change on a daily basis and I how I can use this to help them obtain the best interest rate from the time they apply to the time they close on their loan.
What are the pros and cons of a fixed rate mortgage versus an adjustable rate mortgage (ARM)?
The pros of a fixed-rate mortgage is that the rate is never going to change in 30 years. For those that like to have certainty, this is great loan. However, statistics have shown that most mortgages usually don’t last longer than nine years. The likelihood of you staying in a loan longer than five years is usually less than 75 percent so an adjustable rate mortgage can be a good option if the rate is much lower and the term is longer like a five or seven year term.
What advice would you give new or first time home buyers?
Work with a professional who answers your questions in a manner that will leave you with no doubt that you are working with the right professional. This involves laser focus on your needs and they will answer every questions with great detail.
What part of the home loan process do customers find most difficult and how do you help them through it?
Understanding the process of the paperwork we require. I help them through this by giving them very detailed instructions and also being available by phone and email anytime they need me for any questions.
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 play a very active role with two cultural and social organizations based in Chicagoland. I help keep their financial matters up to date and I am always available at their events; be it a cultural, social or fund raising event, to contribute my expertise.
Tell us something that makes you unique or something wacky, yet interesting about you?
My mantra of life has always been “ Winners never quit, and Quitters never win”. I am also generous to share any information that I discover to help anyone. I am very passionate about financial markets, and enjoy workout, music, and reading books in my spare time.