What specific steps do you use to help your customers find the best home loan for them?
We always discuss monthly budgets, but I go beyond the credit report and have a spreadsheet for my first timers on other expenses they may not have considered. With my refis and step purchases I ask them what they goal is for the monthly mortgage. Are you trying to pay it off quickly, lower your rate, fix your monthly payment in order to budget for new expenses that have come up. Everyone has specific needs and I ask specific questions, which helps me advise all of my clients.
What advice would you give new or first time home buyers?
Budget, budget, budget. A first time home buyer's budget is critical and knowing what expenses are directly incurred when buying a home. The best advice I give is to spend less than you want and do not use a pre qualified purchase price as a guide. You need to understand the monthly expenses associated with owning a home. Annual home repairs and maintenance are always overlooked. A first time buyer will want to have reserves as well. Your new home comes with needs and expenses that a renter does not have to budget in their monthly or annual exspenes.
What are the top 3 misconceptions people have about the home loan process?
1. it is difficult to qualify for a new loan 2. you need 20% down 3. I can't buy so I should just rent
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 am an active donor and supporter of the follwoing charitable organizations. Special Olympics of Illinois Northern Illinois Food Bank Habitat for Humanity
What do you enjoy doing most in your spare time when you are not helping people with their home loans?
Spending time with my Wife and 2 Children. GOLF! I love to Golf with friends and my Children.
Tell us something that makes you unique or something wacky, yet interesting about you?
I don't eat junk food very often, but when we do it's always Five Guys; me and my Family love their cheesburgers and fries. It's our little treat once in while. Also, there is always a box of Julie's Organic ice cream sandwiches in our freezer!