Profile picture for John  Noldan

  • John Noldan

John Noldan
Vice President of Mortgage Lending, NMLS

Specialties:

Purchase Loan, Refinancing, Home Equity

Add personality to your profile! Tell the community about yourself, your home, and your profession.

How long have you been in the mortgage business? What awards have you won?
I have been in the mortgage industry for over 11 years. Customer Service is my number one priority. I have been ranked one of the top originators in the nation by Mortgage Executive Magazine as well as received the Five Star Award as seen in Chicago Magaz

What are the pros and cons of a fixed rate mortgage versus an adjustable rate mortgage (ARM)?
The advantage of a fixed rate loan is just that - it's fixed. The payments will never adjust. It makes it much easier to budget your finances knowing the payment will stay the same for the life of the loan. However, if you are planning on staying in your home for only a few years then an adjustable rate mortgage may be better. The rates are usually lower than that of the fixed rate. So if you know you are going to be in a home for less than 5 years a 5 year ARM could give you a lower rate than a 30 year fixed rate.

What can borrowers do to insure a smooth mortgage underwriting process?
It is very important for the borrower to provide all of the loan documentation requested in a timely manner. It is also important that the borrowers are informed in the beginning that no new credit should be acquired during the application process. In regards to asset accounts, it should be noted early on that any deposits into those accounts that are not payroll direct deposit will need to be verfied. This tends to be one the biggest issues that comes up when a loan goes into uncerwriting.

What provides you with the most satisfaction in your job as a Loan Officer?
I love helping people. Whether it is getting a first time buyer into their first home or helping a client save money every month with a refinance it feels great.

Tell us something that makes you unique or something wacky, yet interesting about you?
Along with being a mortgage broker, I like to play golf, go to the gym and get to Soldier Field for a Bears game. 
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Ratings & Reviews
- Highly likely to recommend
06/24/2014 - zuser20140624070501392
Closed purchase loan. Lombard, IL
John and his team have made my first time home buying experience a GREAT ONE! They were very responsive to all my questions and their process was seamless. I would highly recommend John and his team!!
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Response from John

 

- Highly likely to recommend
06/18/2014 - bmachalinski
Closed purchase loan. La Grange, IL
John Noldan and team were great to work with. I'd definitely recommend for an easy home buying process. Their attention to detail and responsiveness were much appreciated. We always knew where we were in the process thanks to the team and any questions we had were quickly answered.
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Response from John

 

- Highly likely to recommend
05/16/2014 - jrosheisen
Closed purchase loan. Lathrop Homes, Chicago, IL
As a first time home buyer, John was very helpful at explaining the home buying process and making sure I understood all the small details that go into buying a home. He was extremely responsive to my requests and questions. I was also very impressed with John's knowledge and attention to detail; he didn't let one detail slip through the cracks from the pre-approval process to closing. My closing process went smoothly with absolutely no problems. I would definitely recommend John to any of my family and friends. He did a remarkable job!  MoreLess
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Response from John

 

Professional Information
Address:
Guaranteed Rate
3940 N. Ravenswood
Chicago, IL  60613
Office:
(630) 290-6251Click to view
 
Mobile:
(630) 290-6251Click to view
 
Fax:
(630) 364-7534Click to view
 
Websites:
Website
 
,
 
,
 
, LinkedIn
 
Screen name:
John Noldan
Member since:
07/18/2012
NMLS #:
  • 193680
Licenses:
  • 193680 (NMLS)