Investment Properties
By John Aretos, CEO of Police Mortgage If somebody walks into a Chicago police credit union, and we all know that almost certainly is going to be us, and wants to buy investment property we want to know if it will be a secondary residence or something like a rental or VRBO. An example of […]
Possible Rate-Saving Options in 2024
By John Aretos, CEO of Police Mortgage FHA and VA loans may be an immediate alternative for those who don’t have 20% to put down and want to have a low-money-down payment option to buy a house. Let’s say, hypothetically, the conventional rate today is at 7%. The FHA rate in comparison is probably going […]
Why Police Mortgage?
By John Aretos, CEO of Police Mortgage The biggest thing for me with Police Mortgage, and I think it is the differentiator, is that we are specifically built to work with police and first responders. So, there’s really two aspects to that. The first part is just the understanding of working with the police and […]
The Pre-approval Process
By John Aretos, CEO of Police Mortgage Our pre-approval process is really meant to be an interview. If you’re looking to obtain a mortgage and coming to us first we’re going to ask you to bring certain things. We instruct our loan officers when they are setting up a meeting with someone to let them […]