INTRODUCTION
Hello, my name is Michael Poland and I'm a state licensed mortgage banker working in the Chicagoland area. I graduated from Oakland University in 1997 and have over 14 years experience in the real estate and mortgage industries. I'm here to assist you in any way that I can with your home financing experience. We offer many products and solutions for every type of borrower including borrowers with poor credit and a low down payment.
Please take some time to explore the website and feel free to contact me with any questions. I can be reached at 773-770-7524 or by e-mailing me at michael.poland@keymortgageservices.com. You can also apply for a mortgage on this site by clicking on the Loan Application link above.
ARE YOU PRE-APPROVED?
Before you begin to shop for a new home, you should set up a time to meet with me so we can figure out how much you can afford. This will put you in a better position as a buyer. That's when it is important to understand the distinction between being pre-qualified for a loan and pre-approved for a loan. The difference between the two terms will be crucial when you decide to make an offer on a house.
To get pre-qualified for a loan, I will collect information about your debt, income, and assets. We'll look at your credit profile and assess goals for a down payment and get an idea of different loan programs that would work for you. I will issue you a pre-qualification letter indicating the amount you are pre-qualified to borrow.
It is important to understand that a pre-qualification letter is just an estimate of what you are eligible to borrow, not a commitment to lend. Getting pre-approved for a loan gives you competitive advantage when the time comes to bid on a home because you have been approved for a loan for a specified amount.
To get pre-approved, you will complete a mortgage application and provide me with various information verifying your employment, assets and financial status such as W-2 forms, bank records and credit card statements. Well review your mortgage options and submit your application to the lender that best meets your needs. Once the application process is complete you will receive a pre-approval letter indicating the amount your lender is willing to lend you for your home.
A pre-approval letter is not binding on the lender; it is subject to an appraisal of the home you wish to purchase and certain other conditions. If your financial situation changes (e.g. you lose your job), interest rates rise or a specified expiration date passes, your lender must review your situation and recalculate your mortgage amount accordingly.
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TESTIMONIALS
"We came to Michael when we were refinancing our home and had such a great experience working with him! He presented us with several options, was extremely knowledgeable about the products he was offering and made sure we received the best rate available. Michael was very responsive to our questions and made the closing process so easy. We will definitely use him in the future and would highly recommend him to others!" - Lisa Anagnostopoulos/Attorney
"We recommend that all of our clients speak to Michael" - Jerry and Diane Ricordati/Real Estate Agents-Chairman's Club
"Throughout my search, Michael was there for me to answer every question. After finally finding the "dream condo", that was a bit out of my price range, Michael was able to secure through very creative financing, a solution that was extremely within my means. I am grateful that I had someone in my court to work with me -- painlessly -- and I really felt that he was interested in my search and that I wasn't ever asking the wrong questions. I would recommend to anyone interested in a hassle-free financing package to contact Michael Poland. - Kim Uhlig/Director of Economic Development
We are extremely pleased with our loan experience with Michael Poland. From beginning to end, Michael worked through the entire process ensuring that he provided my aunt and I the highest quality of customer care and he made sure that hes always available to answer all our questions. He is knowledgeable, ethical and reliable. Michael worked very hard for us in working towards a mortgage that best suit our needs. The best part about his service was that we were not just a number or another client but a real person that he really cared about. Its rare to find a mortgage professional who is more concerned with finding the right mortgage product for a client than making a fee. Michael Poland is the type of mortgage professional you feel comfortable referring members of your family and friends for mortgage assistance. Thanks Michael! -Brian Andrada/Client Service Rep
"Michael was very professional and thorough throughout the transaction. My client was extremely happy with his level of service and the process was smooth and error free!" -David Bailey/Real Estate Agent
