Meet Your Loan Officer, Preston Fayas

Born in Green Bay, Wisconsin, Preston received his BA in Marketing from the University of Wisconsin – Oshkosh in 2008. Upon graduating, he pursued a career in sales, gaining experience in advertising, accounting, and publication sales. Preston moved to Northern Colorado in 2010 and eventually started a career the Mortgage Industry as a loan originator. His background in sales combined with his desire to build trusting, meaningful relationships with others has led to his success as a Loan Originator.

Preston is known for his hard work ethic and analytical thinking. He excels in math, working with formulas and understanding policies. He appreciates the complexities that need to be addressed during the lending cycle and enjoys helping his clients have a clear understanding of everything that is going on. Liking to be identified both as a teacher and lender, his best compliment is when clients tell him that he is really good at explaining the lending process to them in a way they can follow and understand.

When Preston isn’t helping his clients with their home mortgage needs, he enjoys watching and playing sports, spending time with friends and family, and working with his hands on building and construction projects. One such endeavor was the completion of a 17’ tall trebuchet for a Punkin’ Chunkin’ competition! He also enjoys home renovation activities, helping friends with their home projects, and volunteering in a few meaningful missions.

LESS WORRY, MORE FUN

Reverse Mortgages Done Right

A reverse mortgage enables homeowners 62 & older to convert home equity into tax-free cash without selling their home. A reverse mortgage is a special type of home loan that lets you convert a portion of the equity in your home into cash. The equity that you built up over years of making mortgage payments can be paid to you.

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Jumbo Financing

Jumbo loans provide an opportunity for buyers to finance luxury homes or properties in hot real estate markets. A jumbo loan is a type of mortgage that exceeds limits set by the Federal Housing Finance Agency (FHFA). You can look up current limits on the FHFA’s website. Loan limits vary by county and state, and can change annually, so it’s important to understand the limits for your area.

If you’re interested in buying a higher priced home, a jumbo loan could be your next step towards home ownership. Many borrowers use jumbo loans when they are searching for homes that are priced higher than the loan limits published by the Federal Housing Finance Agency (FHFA).

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