Jeff Lake
Senior Vice President of Mortgage Lending

What keeps so many Chicagoland homebuyers coming back to Jeff Lake and Guaranteed Rate? Superior service, industry know how, and ultimately, mortgage solutions designed for your needs. It's also why Guaranteed Rate is recognized as an industry leader, and Jeff Lake as top in mortgage lending - he was "Broker of the Year" and "Loan originator of the Year" in 1997. In April 2002, the industry publication Mortgage Originator named Jeff top-producing mortgage consultant in Illinois for the eleventh consecutive year, and top ten in the nation. But don't expect Guaranteed Rate and The Lake Team to sit on their laurels. Together, they strive for growth and improvement by benchmarking Guaranteed Rate against award winning organizations outside the mortgage business - businesses known for providing excellent customer service. "We are a combination of Nordstrom’s and Wal-Mart’s philosophies,” explains Lake. “We give great service at everyday low prices. When our clients go to the loan closing, they receive what they expect every time. We make certain there are no surprises, disappointments or unmet expectations." Jeff started First Home Mortgage in 1986 and has been tailoring mortgages to the needs of home buyers ever since. Since a home is one of the most important purchases a family makes, and a home loan represents a major commitment, Jeff often becomes a trusted advisor to the borrower. And because a person's needs and circumstances change throughout his lifetime, Jeff encourages borrowers to regularly consult with him to see if their home loans still meet their needs. The Lake Team and Guaranteed Rate have built its business on trust and establishing ongoing relationships with customers, real estate agents and lending institutions. Having satisfied customers means Jeff has the satisfaction of watching families grow up in the homes he's helped finance. "Playing a part in making people's lives better is the real reward," says Jeff. " We use our contacts, experience and creativity to expedite the home financing process for people of diverse circumstances and with particular needs. We are ready to help you too. Give us a call.

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Loan typeRateAPRDiscount points ($)Mo. payment

This is NOT a mortgage loan approval or commitment to lend. The actual fees, costs, and monthly payment on your specific loan transaction may vary, and may include city, county, or other additional fees and costs. Mortgage rates are offered exclusively through Guaranteed Rate and are subject to change without notice. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. The payment amount does not include homeowners' insurance, flood insurance (if applicable), or property taxes that must be paid in addition to your loan payment. The displayed Annual Percentage Rate (APR) is a measure of the cost to borrow money expressed as a yearly percentage. For mortgage loans, excluding home equity lines of credit, it includes the interest rate plus other charges or fees (such as mortgage insurance, discount points, and origination charges). For home equity lines, the APR simply reflects the interest rate. When shopping for a mortgage, you can use the APR to compare the costs of similar loans between lenders. One discount points equals one percent of your loan amount. Some jumbo loan options may not be available to first\-time home buyers. We based the mortgage interest rates shown on a 30\-day rate lock period. Under certain circumstances, a 30\-day rate lock may not be available. When you apply, you can choose to lock or float your interest rate range. Mortgage rates and loan options displayed depend on a number of variables, including the accuracy of the information you have entered, which is subject to verification, credit and property approval. These mortgage rates are based upon a variety of assumptions and conditions, which include a consumer credit score that may be higher or lower than your individual credit score. Your loan's interest rate will depend upon the specific characteristics of your loan transaction and your credit history up to the time of closing. VA If you meet the eligibility requirements of the VA program, gifts or grants may be used for down payments. Up to 100% financing may be available for qualified borrowers. Most VA loans require the borrower to pay a 'funding fee'. This fee may be paid out of pocket or financed into the loan amount. At the direction of the United States Congress and the Department of Veterans Affairs VA Funding Fees may increase or decrease without notice. Guaranteed Rate, Inc. is a private corporation organized under the laws of the State of Delaware. It has no affiliation with the US Department of Housing and Urban Development, the US Department of Veterans Affairs, the US Department of Agriculture, or any other government agency. Adjustable Rate Mortgage (ARMs) Interest rates and payments may increase after consummation. After the initial fixed period, your interest rate may change periodically according to the market index. Any change may significantly impact your monthly payment. Since the index in the future is unknown, the First Adjusted Rate and Payments displayed are based on the current index plus the margin (fully indexed rate) at time of scenario/disclosure. Before choosing an ARM, you should decide if you can manage the maximum estimated payment if the rate increases. To fully understand minimum and maximum payments, please speak to a mortgage loan expert.