About Michael Bischof
Today's complex financial environment mandates that financially astute Americans fully understand the value of strategically integrating a mortgage into their entire financial picture. To create wealth, most investors (and advisors) focus almost exclusively on managing assets to increase net worth. Early on, we were taught that (Net Worth = Assets minus Liabilities.) The liability side of the balance sheet is often neglected or at best given surface level attention. This begs the question: As a homeowner, who is managing your liabilities? As a financial advisor, who is managing your client's liabilities? The "traditional" mortgage industry mistakenly markets itself as a fulfillment channel that facilitates the delivery of a simplistic product for a seemingly simplistic need. Herein presents the problem. With 32 years in the mortgage management business, I am a financial advisor that chooses to focus exclusively on the mortgage/liability side of the balance sheet. I work closely with my client's key advisors to present and implement the best practices and strategies on behalf of the client. In the end, my tangible deliverable to the clients and advisors is not only a mortgage but a broader appreciation of liability management. Clearly, the manner in which we determine an optimal strategy separates us from anyone else in our industry. We elevate the client and advisor's understanding and utilization of core financial principles such as opportunity cost, positive leverage, arbitrage, simple versus compounding interest, and ROI calculations.
We can make it happen!
Bank Statement loans
Self-employed? Our Bank Statement Loan program allows self-employed borrowers to seek a home loan without tax returns, W2s or pay stubs.
Foreign National loans
Not a US Citizen? Foreign National loans are available without a social security number, green card, or visa and do not require a FICO score.
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Located at 3940 North Ravenswood, Chicago IL, 60613
*Rate's 5-minute pre-approval refers to an automated underwriting review of borrower submitted loan documentation and subsequent pre-approval and should not suggest to a borrower that Rate has fully funded or approved the borrowers mortgage application within 5 minutes. Rate cannot guarantee that a loan will be approved or that a closing will occur within a specific timeframe. Not all borrowers will be approved. Borrower's interest rate will depend upon the specific characteristics of borrower's loan transaction, credit profile and other criteria. Restrictions apply.
**Rate's Same Day Mortgage promotion offers qualified customers who provide certain required financial information/documentation to Rate within 24 hours of locking a rate on a mortgage loan the opportunity to receive a loan approval within 1 business day of timely submission of documentation and does not suggest that the borrower will receive funding on the same day as their application submission. For purposes of this offer, documents provided after 1 pm local time or on a weekend or company holiday will be deemed submitted the next business day. Rate cannot guarantee that a loan will be approved or that a closing will occur within a specific timeframe. Rate reserves the right to revoke this approval at any time if there is a change in your financial condition or credit history which would impair your ability to repay this obligation. Read and understand your Loan Commitment before waiving any mortgage contingencies. Borrower documentation and Intent to Proceed must be signed within 24 business hours of receipt. Not eligible for all loan types or residence types. Minimum down payment requirements apply. Not all borrowers will be approved. Borrower's interest rate will depend upon the specific characteristics of borrower's loan transaction, credit profile and other criteria. Not available in all states. Restrictions apply. Visit rate.com/same-day-mortgage for terms and conditions.
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