With fluency in French, German, Hungarian and Spanish, Daniel proudly serves clients in the Chicago, IL area. Whether you're a first-time homebuyer, need to expand or downsize, or are looking for a second home, Daniel is here to help you find a mortgage to fit your needs. Starting with a review of your finances, Daniel can help you get a clear picture of what might work best for you. Daniel will explain your options, answer any questions you may have, keep you informed and guide you through every step of the mortgage process. Above all, Daniel wants to ensure that you have a positive home lending experience.
Daniel's certifications
Chase Certified in FHA Loans
Chase Certified in VA Loans
Chase Certified in Chase Private Client Lending
Chase Certified in Down Payment Assistance Programs
Loans & Products
Conventional mortgage
Conventional mortgage
Simply put, a conventional mortgage is a loan that's not backed by a government agency such as the Federal Housing Administration (FHA) or Veteran Affairs (VA). There are two types of conventional loans: conforming and nonconforming. Conforming loans follow lending rules set by the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). When a loan doesn't follow these lending rules, it's considered non-conforming. There are a number of factors that may cause a loan to be non-conforming, generally loan amount is a key factor.
Things to Consider
While a 30-year, fixed rate mortgage is a popular conventional loan, you have other options such as a 15-year fixed rate loan or a 7/6 ARM2 to name a few. Think about your current budget, as well as your long-term financial goals as you plan.
Jumbo Mortgage3
Jumbo mortgage
A jumbo loan is a mortgage for a more expensive property. The maximum amount for a jumbo loan at Chase is $9.5 Million4. We also offer loans up to a $2 Million on investment properties.
Things to Consider
You need to have a minimum credit score and a certain amount of cash to qualify.
DreaMakerSM mortgage5
DreaMaker mortgage
A DreaMaker mortgage has down payment options as low as 3% 6 and lower monthly payments with a 30-year fixed rate.
Things to Consider
You'll need to meet income requirements to qualify for this loan.
FHA mortgage7
FHA mortgage
An FHA mortgage is a government-insured loan that offers down payments as low as 3.5%8.
Things to Consider
While there are no specific income requirements to qualify, you will have to pay monthly mortgage insurance for the duration of the loan and a mortgage insurance premium at closing.
Veterans Affairs (VA) loan9
Veterans Affairs (VA)
A VA loan has low or no down payment options and no mortgage insurance requirement. VA loans are available with 10-, 15-, 20-, 25- or 30-year terms.
Things to Consider
You or your spouse must be a veteran, active duty service member or a member of the National Guard or Reserve to qualify for a VA loan.
Terms and rates
Terms and rates
Term Length: Mortgage loans vary in length, typically from 10 to 30 years.
Fixed- Rate Mortgages: A fixed-rate mortgage offers a consistent interest rate for as long as you have the loan, instead of a rate that adjusts or floats with the market. A consistent interest rate usually means yur principal and interest payment will remain consistent too.
Adjustable-rate Mortgage (ARM): An ARM loan has an interest rate that stays the same for a set period of time, then changes to a variable rate that adjusts every year. For example, a 7/6 ARM has an introductory interest rate for the first 7 years and then resets every year after that for the loan term.
Things to Consider
Term Length: The duration of the loan will impact your monthly payment. For example, the shorter the loan term, the more you're likely to pay each month. As you explore options, think about your down payment, your monthly budget and plan accordingly.
Fixed-Rate Mortgages: While fixed-rate loans offer a steady mortgage payment, they typically have a higher interest rate. As you weigh your options, you may want to ask yourself, "Is this my forever home, or just a place where I'll live for a few years?" That may help you determine if a fixed-rate loan is right for you.
Adjustable-rate Mortgage: While you'll likely pay a lower interest rate during the introductory period, your payment could increase quite a bit once this period ends—possibly hundreds of dollars a month. Rate caps limit the amount your interest rate can rise, but make sure you know what your maximum payment could be.
Finding the right mortgage lender is key for a smooth homebuying process. Look for local mortgage advisors who have proven experience, a trustworthy reputation, and a commitment to quality customer service. Take time to read their bios and reviews to understand their areas of expertise. Choose a lender who will prioritize your needs and keep communication open throughout the process.
What are the benefits of choosing a local mortgage advisor?
Local mortgage lenders give you personalized support and often have a deep understanding of the local real estate market and trends. They are typically relationship driven and available to meet in person. If you are looking for hands-on guidance specific to your market, a local mortgage advisor may be right for you.
What questions should I ask my mortgage lender?
Common mortgage questions include: What are the current mortgage interest rates? What types of home loans suit me best? How much house can I afford? How much down payment is needed? Your home lending advisor is there to guide you through the homebuying process to ensure a smooth experience.
What is a mortgage broker vs. a mortgage lender?
A mortgage lender is a bank or financial company that gives you money to buy a home. A mortgage broker is a person who helps you look at and compare different loans from several lenders. Many people like working directly with a lender so they can be more hands-on in the process. At Chase, Home Lending Advisors are ready to guide you through every step of buying a home and make sure you get the support you need.
Why Chase?
Trust:
We'll help you understand your options to make informed decisions
Value:
We strive to help you get the most for your money with a variety of mortgage programs and discounts
Confidence:
We'll deliver personalized service to you and our communities
Chicago Mortgage rates14
Mortgage Calculators
We’ve got all the tools you need to help you make the right decisions.
Use our calculator for a detailed breakdown of your monthly home loan costs. It works for mortgages and refinancing too.
FHA Calculator Federal Housing Administration (FHA) loans offer affordable options with a fixed rate but require mortgage insurance.
Use your annual income and expenses or maximum mortgage payment amounts to estimate the home price you can afford.
Whether you've found the perfect home or you're just looking, reviewing available assistance programs can help you form a strategy for moving forward.
About Chase Home Lending
Whether you want to purchase a new home, refinance for a lower rate or use your home's equity for updates, we're ready to help you make it happen. You get a variety of powerful online mortgage tools and resources, a dedicated Chase Home Lending Advisor with you every step of the way and access to a personal online site for regular updates about your loan, neighborhood home sales and more.