Going to the Maximum

By John Aretos, CEO of Police Mortgage Does it make sense to walk into a patrolman credit union, get approved for the largest police home loan your credit score and income will allow, and buy as much house as possible. Well, that’s a personal decision. Part of that decision is about your family’s circumstances. How […]
New Construction Loans

By John Aretos, CEO of Police Mortgage We can do new construction loans through our partner lender, United Wholesale Mortgage. We don’t finance the actual construction in our portfolio at Police Mortgage. I will tell you, it is trickier than a police home loan for an existing property because the builder has to get approved […]
The Value of Pre-Qualifications

By Dylan Walsh of Police Mortgage A pre-approval is official. So, if a client is about three months away from buying a property, he or she should be pre-approved by then. If you’re six months out or more from actually making an offer on a property we can certainly have a conversation. As we always […]
Financial Wellness Explained

By Vivian Abraham of Police Mortgage Everybody’s situation is different. Everybody has different ways in which they want to make money, save money, invest money, all of that. But the biggest piece to financial wellness, I believe, is making sure that your assets are protected. As I learned at the Chicago Patrolman Credit Union, you […]
Indiana

By Vivian Abraham of Police Mortgage Police Mortgage does business with first responders in a number of states. Indiana is one of our top areas to close police home loans. There’s quite a bit of variety in that state. Northwest Indiana, which is comprised of towns such as Merrillville, Schererville, and Hobart have a suburban […]
There Is a Way Out of Debt

By Vivian Abraham of Police Mortgage The biggest mistake many first responders make by the time they get to me is thinking that there’s no way out of their debt. Many feel that living paycheck to paycheck is just the way of life that they have to accept and that there is no way to […]
What Makes Police Mortgage Unique

By Dylan Walsh of Police Mortgage The biggest visible differentiator for Police Mortgage is that we offer End of Watch Loan Protection for police and firefighters. It’s free for all active-duty credit union members. It doesn’t cost them a dollar. There is one form that to fill out when closing a police home loan. There’s […]
No Surprises

By Dylan Walsh of Police Mortgage Between getting pre-approved and closing on a police home loan there should be no surprises in the process. That is definitely the case on our end at Police Mortgage. We advise our clients that the same should be true with the first responders we have the privilege to serve. […]
Conversations

By John Aretos, CEO of Police Mortgage The core of what we do at Police Mortgage is knowing how we would like to be treated in similar situations. I try to put myself in the position of our clients. In other words, if I were talking to a loan officer I think, “How would I […]
How Police Mortgage is Different

By Vivian Abraham of Police Mortgage How is Police Mortgage different from other providers? The obvious first answer would be that we offer Killed in the Line of Duty Loan Protection. This is a special debt cancellation benefit created exclusively for active Law Enforcement Officers. This complimentary benefit will cancel up to $850,000 of the […]