Todd Probasco Regional Manager Mortgage Banker with American Financial Network in Orland Park enjoys helping his clients with buying or refinancing their home. “I love real estate, the mortgage industry and helping my clients achieve their goals.” says Probasco.
When it comes to getting a new mortgage Probasco says there are several factor a homeowner should take into consideration when choosing a new loan.
Is the loan officer state licensed? Banks and credit unions individuals are not. Licensed Mortgage Bankers must complete a comprehensive mortgage license education requirement, pass a national exam, have credit and background checks completed & maintain continuing education.
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Evaluate your mortgage options. There are several different types of mortgage programs available based on length, fixed vs. adjustable, down payment and rate. Have your licensed loan officer go over all of the options to see what is best for you and your real estate goals.
Experience. This is very important because when getting a new mortgage you are probably dealing with the largest business transaction in your life. Make sure your licensed loan officer has the years of experience and knowledge to help you complete your transaction in a smooth and easy manner.
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Is your licensed loan officer local? When getting a new mortgage, it is best to deal with someone local who knows the market, can meet with you, has local references you can review and is available when you have a question. Dealing with an 800 number or website out of state can create issues in communication and execution.
Todd Probasco is a local licensed Mortgage Banker and can be reach at 708.205.2983 email toddprobasco@gmail.com website www.toddprobasco.com
