For Sale By Owner
By John Aretos, CEO of Police Mortgage For Sale by Owner (FSBO) was a popular way to sell a home back in the 90’s and early 2000’s. It was easier to do then. The market is much different today. I
By John Aretos, CEO of Police Mortgage For Sale by Owner (FSBO) was a popular way to sell a home back in the 90’s and early 2000’s. It was easier to do then. The market is much different today. I
By John Aretos, CEO of Police Mortgage If you have a substantial equity position in your home, and you’ve paid down your mortgage over a 10 to 15-year period of time and you have quite a bit of equity, it’s
By John Aretos, CEO of Police Mortgage Rates seem to be starting a new paradigm in that we’re now in a period where rates are likely going to start declining. Anyone who was looking to buy a home and had
By John Aretos, CEO of Police Mortgage Well, the Fed did cut rates this past week by 50 basis points, and I think for some it surprised them because the Fed was supposed to maybe cut just a quarter point.
By John Aretos, CEO of Police Mortgage There are two components to the final walkthrough. The first part is to address what was found in the inspection. The attorneys likely communicated a week before and agreed that the required work
By John Aretos, CEO of Police Mortgage It’s important to know if there are any pre-approval costs or fees when you visit any bank or loan office. For instance, when you visit a financial institution, like a patrolman credit
By John Aretos, CEO of Police Mortgage As you wait for rates to fall the competition will likely heat up. So, I say, go see a professional who is knowledgeable about police home loans and get pre-approved now to
By John Aretos, CEO of Police Mortgage The phrase “failing a home inspection” is loosely defined. I think there are degrees of failure. A failure is basically something found in the inspection that is such a big issue that
By John Aretos, CEO of Police Mortgage A home inspection is critical for the whole process, whether it be for a police home loan or the purchase of practically any property. Home inspections matter regardless of how you plan
By John Aretos, CEO of Police Mortgage The Chicago Patrolman Credit Union philosophy has long since focused on encouraging wise money management and that, of course, includes the understanding of credit scores. I think if you’re buying a home just
By John Aretos, CEO of Police Mortgage There are a number of aspects to home buying that not everyone understands when they walk into a patrolman credit union location. Condominium units are one example. With condominiums you have what’s called
By John Aretos, CEO of Police Mortgage There are several types of insurance to consider when buying a home. The first that we commonly talk about is homeowners insurance. That can take on different forms. For instance, if you’re buying
By John Aretos, CEO of Police Mortgage I can talk about VA loans all day. The main reason is that I have so much respect for our veterans and our active military who are defending our freedom across the world.
By John Aretos, CEO of Police Mortgage One of the first considerations when a first responder is looking for a new neighborhood to buy a home is the commute. I mean, in Chicago, where Police Mortgage is headquartered, that’s the
By John Aretos, CEO of Police Mortgage The most important tip I can give anyone is to always get a hold of your loan officer before you go under contract. It sounds obvious, but it’s not obvious, right? Sometimes people
By John Aretos, CEO of Police Mortgage We know the police in particular love their toys, and some of those toys are Harley-Davidsons, RVs, and boats. And hey, God bless them, because you know what? If anyone deserves it, it’s
By John Aretos, CEO of Police Mortgage Back in the day, I’m talking like 1990s, early 2000s, 20% down was the standard. You wanted to avoid private mortgage insurance as a result. So that was always the thing growing up.
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
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,
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
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
Chicago Office:
100 W. Randolph, 9th Floor, Chicago, IL 60601.
Springfield Office:
320 W. Washington, 3rd Floor, Springfield, IL 62786. | Phone: 888.473.4858
I have my bachelor’s in business administration and have been involved in the banking industry for over 10 years. During this time, I managed two of the Chicago Patrolmen’s Federal Credit Union locations prior to transitioning to Police Mortgage. I have family members who are police officers with the Chicago Police Department. My work has been very rewarding, and I take pride in having assisted countless members and their families with their financial needs and financial wellness. My hobbies include exploring new restaurants in the city and running for marathons that support pediatric cancer foundations and Chicago Police Memorial Foundation’s Run To Remember. I come from a large family primarily from the south side of Chicago and love to share all the diversity and beauty the city has to offer with my two children.
I am honored to grow up in a multi-generational family of Chicago Police Officers. I joined Police Mortgage in the summer of 2020 and love the opportunity to help both first-time buyers and repeat clients alike achieve their dreams of purchasing a home. Having been born and raised in the south suburbs of Chicago, I happily live in the Lakeview neighborhood today. Along with my two younger sisters, I am a graduate of the University of Illinois at Urbana-Champaign and a lifelong Chicago Bears fan. I have a strong passion for food and love exploring the vast array of restaurants throughout our city. Nothing makes me happier than spending a summer afternoon on a golf course with family and friends!
I joined my brother at Police Mortgage as a loan officer in August of 2021 after a 10-year career in sales and marketing. Most recently, I worked as a Senior Account Executive for Ricoh North America, an office electronics company, where my main responsibilities were building new client relationships and maintaining over 400 existing customer accounts. I believe my work experience has transferred over to the mortgage industry well, because I am able to multi-task effectively while working with multiple customers. The skillset I learned in my previous employment allows me to stay organized and to manage my time well for my customers. My number one goal is always to make the loan process as quick and painless as possible for our borrowers. I am excited to further develop the Police Mortgage brand with my brother. It is a unique situation, and I believe working in an office together allows us to help our borrowers even more due to streamlined communication and our ability to help each other with our respective files. I like to spend my free time relaxing, watching sports, exercising, going out to eat with my wife, and trying to keep up with our three daughters – all under five years old!
After graduating from the University of Missouri in 2015, I moved to Chicago where I began a career in marketing at a firm called Ansira. I sought a career change and contacted Police Mortgage, where I was first introduced to the mortgage industry. I have spent the last 5 years training with our CEO, John Aretos, who has taught me all of the intricacies of the mortgage process. I love finding solutions for our clients to help them purchase the home of their dreams. I feel a huge sense of accomplishment when helping homebuyers, especially first-time homebuyers, all the way through the loan process, from pre-approval to closing day. I recently moved back to my hometown of St. Louis, where we opened a new office. I am excited to help start this new chapter for Police Mortgage. My wife, Megan, and I are happy to be back in our hometown. We are always checking out new outdoor events such as music or food festivals – anywhere we can take our dog, Remy!
As the CEO of an organization associated with serving the Police and their loved ones, I am privileged to play a role in helping our clients achieve their life’s financial goals. Our mission is to make the home buying or refinancing process as comfortable as possible, providing our clients with competitive products and excellent service.
I was born and raised in the Chicago metropolitan area, and I have a deep-rooted love and appreciation for the diverse culture which makes our city so special. My two older siblings and I grew up working in our parent’s restaurant, which instilled a work ethic and sense of family that I carry with me to this day.
I am a graduate of Indiana University and have been involved in the mortgage industry for nearly 25 years, helping thousands of clients save money or finance the home of their dreams. My passions are passing down my love of food, music, art, snow skiing, and red wine to my three children, who motivate me to be a better person each and every day!