Agents’ Top Lending Questions Answered

by Karen Snyder

LendingCoverWhen it comes to lending, the rules seem to change weekly. To help keep you in the know, it’s wise to seek the expertise of lending professionals like the ones featured in this story, who opened up to us on a multitude of topics.

A few of the top lending industry professionals – Dan Gjeldum with Guaranteed Rate; Michelle Otte with BMO Harris Bank; Dan Pagano with Fifth Third Bank; Sharbel Shamoon with PERL Mortgage, Inc. and Jennifer Sobocienski with Wintrust Mortgage – answered various questions from area agents, from pre-approval and buyer incentives, to financing fixer uppers and working with standard underwriting tools.

Here are some tried and true practices for a successful lending experience.

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  • Richard Becerra says:

    There are definitely some non-factual items in this piece regarding jumbo max LTV and it’s a Chapter 13 bankruptcy not a Chapter 14. Get real professionals or better editing for a feature article.

  • Chicago Agent says:

    You’re right; that was a typo on our end. Good thing we can fix typos online – we’ve fixed them.

  • Tracy Kiernan says:

    Ouch. Richard Becerra needs an attitude adjustment. Just sayin’

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