Who We Are
About Jonathan Scheeler - Scheeler Home Loans
As the lead loan officer for Scheeler Home Loans, I've been helping clients in the Peoria, IL area achieve their homeownership and financial goals since 2019. With over 600 loans closed and thousands of clients advised, my passion is to provide customized mortgage solutions, whether for purchasing or refinancing. At Scheeler Home Loans, we offer a full suite of mortgage products to match each client's unique needs, and we pride ourselves on being the fastest, most responsive lender in the area.
From tailored loan options to efficient pre-approvals, even on nights and weekends, we prioritize getting you the lowest rates and the smoothest, most transparent process possible. Working with trusted financial institutions locally and nationally, we aim to bring you both competitive options and personalized service. Whether you're a first-time buyer or a seasoned homeowner, we're here to make your mortgage journey clear, simple, and fast.
Questions & Answers
Frequently Asked Questions
What is the difference between a mortgage lender and a mortgage broker?
A mortgage lender is a financial institution that directly provides home loans. A mortgage broker, on the other hand, acts as an intermediary between borrowers and multiple lenders, helping clients find the best mortgage terms and rates from a variety of lenders.
Why should I work with a mortgage broker instead of going directly to a lender?
Mortgage brokers offer several advantages, including access to a wide range of lenders and mortgage products, which can result in better loan terms and rates. They also provide personalized guidance, simplifying the complex mortgage process and saving you time and effort.
How do mortgage brokers get compensated?
Mortgage brokers are typically compensated through lender-paid commissions or borrower-paid fees, or a combination of both. These fees are disclosed upfront, ensuring transparency in the process. Brokers have a legal obligation to act in the best interests of their clients.
What factors affect mortgage eligibility and interest rates?
Mortgage eligibility and rates are influenced by factors such as credit score, income, employment history, debt-to-income ratio, down payment amount, and the type of mortgage product. Your mortgage broker will help you understand how these factors impact your specific situation.
How long does the mortgage approval process take?
The mortgage approval timeline can vary depending on factors like the complexity of the application, the lender's processing times, and the responsiveness of all parties involved. On average, the process typically takes 30 to 45 days from application to closing. Your mortgage broker will work to expedite the process whenever possible.
Talk to Our Mortgage Experts
Ready to make your homeownership dreams a reality? Contact Scheeler Home Loans today to schedule a free consultation.
Copyright ©2024 | EZ Mortgage, LLC
Illinois | NMLS #2190506
(309) 408-0708
management@ezmortageloans.com
2400 N Main St Ste E
East Peoria, IL 61611
State of Illinois Community Reinvestment Notice:
The Department of Financial and Professional Regulation (Department) evaluates our performance in meeting the financial services needs of this community, including the needs of low-income to moderate-income households. The Department takes this evaluation into account when deciding on certain applications submitted by us for approval by the Department. Your involvement is encouraged. You may obtain a copy of our evaluation. You may also submit signed, written comments about our performance in meeting community financial services needs to the Department.
Regulator:
Illinois Department of Financial and Professional Regulation
Division of Banking, Bureau of Residential Finance
555 W. Monroe Street, 5th Floor
Chicago, IL 60661
Illinois Department of Financial and Professional Regulation
Division of Banking, Bureau of Residential Finance
555 W. Monroe Street, 5th Floor
Chicago, IL 60661
General Inquiries:
(888) 473-4858 | TTY: (866) 325-4949
Website: www.idfpr.com
For licensing information, go to: www.nmlsconsumeraccess.org
(888) 473-4858 | TTY: (866) 325-4949
Website: www.idfpr.com
For licensing information, go to: www.nmlsconsumeraccess.org