Glen F. Marino is a CPA and licensed Loan Originator. I have been in the mortgage origination business for 24+ years. Clients like working with me because of my educational approach to helping homeowners on their journey toward home ownership. I have developed a "3 Buckets of Cash Needed For Closing" approach that helps the first time homebuyer and the experienced home buyer understand when they pick a loan program, what is the cash needed at closing ramifications. I believe a well informed home buyer can made good decision if well educated.
I focus on being an effective listener when working with clients. I find out what their needs are. Is it to stop throwing money away on rent? Is it to upgrade their housing as their family grows or is it to downsize as they enter their senior years. Once I know their needs, I provide them with multiple loan options, with multiple down payment options and Down Payment Assistance options, if necessary.
I have a wonderful wife that I have been married to for 25 years. I have 3 children, one married in Denver, Colorado, one married in Springfield, IL and one graduating from Indiana University.
I'm a first time home buyer. I didn't know what to expect going into to this but I had excellent service overall. The Videos were great!- Crystal M.
Enjoyed the level of knowledge and expertise by my loan officer and will gladly recommend First Centennial Mortgage, should the opportunity present itself.- Bernard G.
Calculate Your Loan
Need a few moments to crunch some numbers? Our easy-to-use calculator will help you get a basic visual of a mortgage payment to help you decide what you can afford.
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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 630.788.7859 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.