Author Archives: Jon Reetz

We’re Changing our Look!

It’s that time again.  To keep up with technology, we’ve spent the last several months preparing a new website which will be ready for launch in early December.  We also fine-tuned our logo a bit, which you can already see on our … Continue reading

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#YourStory: Joel & Linda

Recently, Joel and Linda from Wauwatosa were introduced to us by a longtime Realtor friend. Owners of several rental properties in Wauwatosa, they had approached their current lender to refinance at more favorable terms. Despite nearly thirty years of timely … Continue reading

Posted in Banking, Buying & Selling, Customer Service, Loan Officer, Local Bank, Mortgages, Our Story, What Makes Great Midwest Bank so Great? | Comments Off on #YourStory: Joel & Linda

#YourStory: Justin & Nicole

In early July, I had the pleasure of working with new customers Justin and Nicole who were buying a home in Hales Corners.  Like many others before him, Justin found his way to me by word of mouth.  I took … Continue reading

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#YourStory: Eric & Angie

#YourStory continues with a home purchase a couple of years back in Fox Point.  Our borrowers – Eric and Angie – were purchasing their first home.  And by most standards, this was a “plain vanilla” mortgage loan request.  Solid borrowers … Continue reading

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#YourStory: Henry

This is Henry’s story.  A couple of months back, I received an email from a local realtor in a panic.  One of her clients, Henry, had just been denied a loan to purchase a condominium.  But the interesting fact here, … Continue reading

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#OurStory

If you’re a current customer, you probably know some of #OurStory.  In the words of our 4th Generation Family-Run Bank President, Dennis Doyle, “we know who we are, and we know who we are NOT.”  Any successful organization tends to … Continue reading

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7 Essential Steps for Buying Your Next Home

If you’ve been through the process of buying a home, you perhaps know there are a number of steps involved. If you are buying your first home, it’s important to understand the order in which these steps should occur. Follow … Continue reading

Posted in Customer Service, first time homebuyers, Get Your Ducks in a Row!, Loan Officer, Local Bank, Mortgages, Pre-Approval, Saving/Budgetting | Comments Off on 7 Essential Steps for Buying Your Next Home

More Than Just a Rate

In the world of mortgage lending, what you see is not always what you get. I run into folks that are shopping several lenders and are only interested in the absolute best rate and lowest costs.  And, while shopping is … Continue reading

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“Our Simply…Local events are just that, Simply…Local”

How does a Simply…Local Bank stay local? By continuing to be involved in the community, of course! Great Midwest Bank has been active in a variety of local events this past month with plenty more events on the horizon. Those … Continue reading

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Turn the Key with GMB

 Whether you believe us or not, warmer spring days ARE on the horizon. With warmer days come many fun festivities and once-in-a-lifetime moments. Your daughter’s first Easter egg hunt in Grandma’s backyard… Mom pinning Johnny’s boutonniere before he poses for … Continue reading

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Should I Buy a Condo?

Buying a condo is a relatively affordable, low-maintenance alternative to the traditional single-family home.  And – as with all major investments – there are a few key issues to understand before taking the plunge. One of the most important issues … Continue reading

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78 Reasons to Like Us!

We’re in our 78th Year.  Started @ Jefferson & Wells.  Cathedral Bells. In 1935, when we were founded, a car cost $580. We’re Simply Local. We’re Simply Social. Mortgage Lending.  It’s what we do.   Seriously, we’re really good at … Continue reading

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Considering a Major Remodel? We have Options.

Location, location, location. We’ve all heard this about real estate – and it’s so true, right? You love your neighborhood, your schools and getting to work is so convenient. But your house no longer meets your needs. If you’re considering … Continue reading

Posted in Banking, Construction, Home Equity Loans, Homeowner Info, Madison, Mortgages | Tagged , , | Comments Off on Considering a Major Remodel? We have Options.

Appraised Value vs. Assessed Value – What’s the Difference?

As a homeowner or home buyer, it’s important to understand the difference between the ‘Tax Value’, usually referred to as ‘Assessed Value’ and the ‘Appraised Value’ when trying to determine the ‘Fair Market Value’, which presumably should be at or … Continue reading

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Simply… Local. That’s Sue Berg Roedel.

Sue Berg Roedel stepped off a Milwaukee city bus in June 1973, blissfully unaware she would spend the next four decades dedicated to Great Midwest Bank.   “I was 17 years old, looking for a job, and Great Midwest Bank was … Continue reading

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Cash to Close

So you’re thinking about buying your first home.  Or maybe selling and moving up.  Though most prospective borrowers come to me with some idea of the funds necessary for down payment, many don’t have a good grip on the additional … Continue reading

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LTV, PMI, FHA & FNMA – Huh?

Like most industries, we love acronyms in the mortgage world. LTV is the loan amount divided into the value, where value is determined as the lesser of the appraisal or, if you’re buying, the purchase price.  This is the point … Continue reading

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To our Madison-area Customers: Here to Serve!

Please welcome John Schroder to our Mortage Lending team.  John is at our Odana Road Office and is ready to serve our ever-growing customer base in Madison.  To those that came to know the outstanding service that Jim Gullick and his … Continue reading

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Interest Rate Shopping & Credit Scores

Perhaps the most frequent question I get about credit scores pertains to multiple inquiries. Those shopping for a mortgage are often hesitant to apply at multiple banks for fear of seeing their credit score fall.  This article – straight from … Continue reading

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The Mystery of Credit Scores

I’ll admit it.  After more than a thousand mortgage loans in 10 years, I’m often perplexed by the formulas used by the major credit agencies that provide mortgage lenders – and other credit issuers – with consumer scores.  Though I’m … Continue reading

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