How long have you been in the mortgage business? What awards have you won?
I have been in the mortgage business since 2003, and with Guaranteed Rate since August of 2005. I've closed over $700 million in loan volume in my career, and have received customer service awards every year that I've been in the business. It's an honor to be able to say that I have been ranked in the top 1% of all loan originators in the country in 2013, 2014, 2015, 2016, 2017, 2018 and 2019 by multiple publications.
What are the pros and cons of a fixed rate mortgage versus an adjustable rate mortgage (ARM)?
A fixed rate mortgage will give more security in that a client will know that their principal and interest payment will never change for as long as they are in the loan. However, an ARM product can be very beneficial in many instances as they typically come with lower rates than fixed rate loans; especially if the client knows that they will only be in the home for a specific amount of time.
Tell us about a mortgage product that consumers may not be aware of?
Many consumers are not aware that 5% down loan options are still available for the purchase of a single family residence, town-home, or condo. The interest rates we have on 95% loan to value loans are currently extremely low, be it a fixed rate loan, adjustable rate mortgage, etc.
What part of the home loan process do customers find most difficult and how do you help them through it?
Without a doubt, the part of the mortgage process that customers, whether they are a first time home buyer or seasoned real estate investor, find the most difficult, is the amount of documentation that they are required to provide. Current mortgage lending guidelines demand that a full loan file be submitted to underwriting; so the best way to ensure a smooth process is for the loan officer and customer to discuss exactly what is expected and why. If this is done up front, and followed up with an email detailing the exact documentation that is going to be required, the client has the knowledge and a comprehensive list to use when they are preparing to send their lender their paperwork.
Summary of where you grew up: family, affiliations, college, high school, etc.
I grew up in Geneseo, IL with my five younger brothers. I went to college at Augustana College in Rock Island, IL, and moved to Chicago in 2003. My wife and I are members of St. Alphonsus church in Chicago, and when we are not running our daughters around to their events, we enjoy getting out on the lake or going to the beach in the summer.
Tell us something that makes you unique or something wacky, yet interesting about you?
I am the oldest of six boys, no sisters; so I knew next to nothing about girls growing up. Now I have two beautiful daughters and am having to learn everything on the fly!