Since getting into the mortgage business in late 1996, Karth has personally originated and closed over $500 million in mortgages. Through experience, Karth learned that education is key. He actively educates each of his borrowers on the subjects of debt, credit and, most importantly, the management of liabilities. Text books will tell you this simple equation: Net Worth = Assets – Liabilities. Karth believes that too many people in the financial sector focus on only the assets side of the equation. Karth teaches the weight that the liabilities side bares, and teaches his borrowers the power of liability management and how crucial your credit and liabilities are in obtaining financial success.
This philosophy started while Karth was in college at the University of Minnesota studying economics and finance. His knowledge about using credit management to build wealth is why Karth enjoys helping guide borrowers, realtors, financial and business professionals with the best home financing product for their clients' needs.
He has a passion for specializing in unique home financing situations such as: first time home buyers, veteran's loans, investor loans, tax planning and cash flow strategies, and life change/divorce planning management.
Surrounding himself with a great team is where Karth will always credit his success. Karth, along with his Production Partner and Team Communication Manager, Megan Scott, have carried this philosophy and built one of First Centennial Mortgage's largest producing teams. Integrity driven business is the basis of our drive along with honesty, teamwork, and family as our priorities. Our goal is to create an experience like no other in this business.
Whether it's your first home or your fourth, our approach is different with each transaction. Each purchase, sale, refinance, and borrower situation is different and Karth and his team have the experience to tackle any situation.
Buying a house can be stressful. Karth was absolutely amazing with keeping me stress free and up to date on all the info. He is a true professional. I'm convinced that he is an expert at what he does. I would highly recommend Karth and his team to anyone of my friends.- Jeremy S.
Working with Karth was an easy process. He is very smart and very easy to speak with. His explanations of the processes were excellent. I have shared his information with family members. I thought this was going to be a used car salesman process, but was more than pleasantly surprised.- David P.
The experience with the refinance process was the best. I could not have asked for anything better. Thank you for everything, Karth, you and your staff are the best. I will make sure I highly recommend you to friends and acquaintances.- Sofia J.
Karth was absolutely amazing, professional, responsive and on top of everything. He always responded to emails and phone calls and went above and beyond all the time. He was wonderful to work with.- Christopher G.
Karth is someone who truly cares about his customers. He was available during off hours to answer questions, worked with both the sellers and our team to push a closing date up and was extremely understanding/flexible with us. We highly recommend Karth!- Pamela J.
Everything came together so quickly. Karth laid out expectations and everything happened just as he said it would. The whole process was smooth and easy!- Melba A.
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Types of LoansWhich type is right for you?
First Centennial Mortgage offers a full menu of loan products. Whether you are buying your first home, moving up to a nicer home, relocating or want to refinance your current home, we have a loan that will fit your needs. To get started, contact me online or call 224.321.6475 to get in touch.
Fixed-rate home loans are the most common type of home loan in the mortgage industry. This option is low-risk and gives you predictable monthly principle and interest (P&I) payments for the next 15 or 30 years, depending on which loan term you choose. Fixed-rate loans are reliable for long-term owners ready to settle in one place for a long period of time.
An adjustable rate mortgage (ARM) is ideal for borrowers who plan to move within five years. ARMs take advantage of a low "introductory" interest rate so the loan stays at the same rate typically for 5, 7 or 10 years. Once the introductory period expires, the interest rate changes with the movement of an "index" (major interest rate). Following this movement, the amount of monthly interest either increases or decreases.
Conventional home loans are not backed by a federal agency, such as the U.S. Department of Veteran Affairs, U.S. Department of Agriculture or Federal Housing Administration. Conventional loans are idea for people with a stable job, income and good credit. Conventional home loans are more flexible in their terms and have fewer restrictions compared to government-backed products.
Federal Housing Authority (FHA) loans are government assured and are ideal for people with limited income or money for a down payment. These loans typically help first-time homebuyers, seniors or others with limits on what they can afford.
Jumbo home loans are considered non-conforming mortgages. They are for purchases with a loan value above the federal standard of $453,100, although that number varies based on location. For a home with a purchase price above this limit, a jumbo loan is needed.
Veterans Affairs (VA) home loans are a great benefit to military personnel during and after their service. These loans are partly guaranteed (typically a quarter of loan value) by the U.S. Department of Veterans Affairs.
1111 N. Plaza Drive, Suite 101
Schaumburg, IL 60173
NMLS ID #219563
Licenses: IL #031.0011455, IN #35896, WI #219563