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 12 years. I enjoy helping people achieve their homeownership goals, and especially feel a great sense of satisfaction helping clients with their first home purchase.
What are the pros and cons of a fixed rate mortgage versus an adjustable rate mortgage (ARM)?
Fixed Rate Mortgages will typically carry a higher interest rate than the Adjustable Rate Mortgage, but offer a rate and payment that will never go up due to a rate increase. The ARM is great for homeowners who see them living in the home for a shorter period of time. Adjustable Rate Mortgages offer a lower rate than fixed and thus allow lower payments and greater purchasing power.
What can borrowers do to insure a smooth mortgage underwriting process?
Some things borrowers can do to help the mortgage underwriting process go smoothly would be to get the loan officer everything they ask for as soon as possible. Disclose everything to the loan officer about your assets and liabilities so there are no surprises later. Also, do not make any large purchases during the loan process. We have seen instances where a borrower purchases a vehicle during the loan process and then does not qualify for the mortgage loan because of high income to debt ratios. Ask you loan officer first before you make any type of large financial purchase during the process.
Summary of where you grew up: family, affiliations, college, high school, etc.
I grew up in Dayton, MN and graduated from Champlin Park High School in Brooklyn Park, MN. After high school I went on to get a Bachelor of Arts from Hamline University in St. Paul, MN with a double major in Legal Studies and Criminal Justice and a minor in Management and Economics.
Tell us something that makes you unique or something wacky, yet interesting about you?
In my free time I enjoy downhill skiing and golfing.