Please Welcome Mike Seger to Pulaski Bank, PHL & BHHS Select Properties St. Charles

Pulaski Bank / Preferred Home Lending recently hired Mike Seger as a Senior Mortgage Consultant. Mike, is a 15 year veteran within the mortgage industry and will be based out of our Berkshire Hathaway HomeServices Select Properties St Charles County Office.

Prior to joining Preferred Home Lending, Mike worked for years at US Bank as one of their top LO’s in the country and more recently for Cornerstone Mortgage within the residential lending industry.

As a native resident of St. Louis & St. Charles County, Mike is familiar with the Real Estate community and the nuances that living in a local neighborhood can bring. Utilizing his diverse background and vast mortgage experience Mike will be able to confidently consult your clientele and place them in the proper financial product that best fits their needs. While delivering on his promise to provide the best possible customer service and experience.

We are thrilled to have hired a Mortgage Loan Officer with so much talent, experience and mortgage knowledge of the business. Feel free to contact Mike @ 314-583-5529 or email him at mseger@ph-lending.com for any mortgage needs.

Berkshire Hathaway HomeServices Select Properties Saint Charles County Office 6149 Mid Rivers Mall Drive, St. Charles, MO 63304 or 636-720-1100

Tips For SMOOTH Mortgage Loan Approval

Below is a list of helpful tips to ensure an effortless loan process. These DO’s and DON’Ts may help avoid delays with your loan approval.

Preferred Home Lending says…

• DO continue making your mortgage or rent payments on time
• DO stay current on all existing accounts
• DO keep working at your current employer
• DO keep your same insurance company (if this is a refinance)
• DO continue living at your current residence
• DO continue to use your credit as normal
• DO call us if you have any questions

Preferred Home Lending says…

• DON’T make a major purchase (car, boat, jewelry, etc.)
• DON’T apply for new credit (even if you are pre-approved)
• DON’T open a new credit card
• DON’T transfer any balances from one account to another
• DON’T pay off charge offs without a discussion with us first
• DON’T pay off collections without a discussion with us first
• DON’T close any credit card accounts
• DON’T change bank accounts
• DON’T max out or over charge on your credit card accounts
• DON’T overdraft on your bank accounts
• DON’T take out a new loan
• DON’T start any home improvement projects
• Don’t overdraft on your bank accounts

If you encounter a special situation, it is best to mention it to us right away so we can help you determine the best way to achieve your goals.

These tips are brought to you by our In-House Lender PHL- Preferred Home Lending and Senior Mortgage Loan Officer, Melissa Maxwell, MMLS ID 275428   MLO 10-2036 Contact Melissa Office- 636-720-1100 Cell- 314-712-0673 or visit her online at- http://melissaloans.com

Prudential Select Properties St Charles County Office, 636-720-1100

Ten Commandments: Things You Don’t Do When Applying For A Mortgage Loan

I’ve seen it happen many times, a buyer gets pre-approved for a mortgage, puts a contract on a house and then goes out and purchases a bunch of items for that new home or decides to switch jobs. Two words, BIG MISTAKE!!! Here’s 10 Commandments to live by when applying for a mortgage loan.

Ten Commandments of Things NOT To Do When Applying For A Home Loan

1. Thou shalt not change jobs, quit your job or become self-employed.
2. Thou shalt not make a major purchase such as a new car or truck. If you do, you may be living in it.
3. Thou shalt not use charge cards excessively or let your payments fall behind.
4. Thou shalt not spend money set aside for closing.
5. Thou shalt not omit debits or liabilities from your loan application. examples- student loans, child support, maintenance, etc…
6. Thou shalt not buy new furniture, refrigerator, washer, dryer, etc. Purchase those items after closing.
7. Thou shalt not originate multiple credit inquiries.
8. Thou shalt not make large deposits into bank account without first checking with the Loan Officer.
9. Thou shalt not change banks or bank accounts.
10. Thou shalt not co-sign for a loan.

Applying and getting approved for a mortgage can be a painless process. Live by the 10 commandments and always get the help of a LOCAL professional. Like our in-house lender Melissa Maxwell w/ Preferred Home Lending or our friends at Pulaski Bank. Give them a call today!!!

Prudential Select Properties St Charles County Office, 636-720-1100

Please Give a Warm Welcome to Todd Nelson…

Preferred Home Lending has added Todd Nelson as a Senior Mortgage Consultant. Todd, who is a 12 year veteran within the financial services industry, will be based out of our Prudential Select Properties St Charles County Office.

Prior to joining Preferred Home Lending, Todd has worked as a Financial Advisor for a worldwide investment banking firm and managed a three state territory within the residential lending industry.

Todd is a graduate of the University of Missouri-St. Louis where he received his Bachelor of Arts in Communication and Business Management. Currently, he is finishing his MBA at Lindenwood University in St Charles.

 As a native resident of St. Charles County, Todd is familiar with the Real Estate community and the nuances that living in a local neighborhood can bring. Utilizing his diverse background, Todd will be able to confidently consult your clientele and place them in the proper financial product that best fits their needs. While delivering on his promise to provide the best possible customer service and experience.

 We are thrilled to have hired another Mortgage Loan Officer with so much talent and mortgage knowledge of the business. Feel free to contact Todd @ 314-566-9392 or email him @ tnelson@pulaskibankstl.com for any mortgage needs.

Prudential Select Properties St. Charles County Office, 636-720-1100