Mathias Solberg

Mortgage Banker

Raised in the northern suburbs of Chicago and graduating with a degree in finance from DePaul’s Driehaus School of Business, I am a Chicagoan through and through. I started my professional career as a financial advisor, earning my Series 7 and Series 63 licenses shortly after graduation. With a strong base knowledge of the financial industry, I happily switched gears to the world of banking/debt and joined Waterman Bank in 2021. I enjoy competition, whether it be playing board/card games with friends or sports like hockey and spike ball. My mission is to partner with my clients to educate, strategize, and deliver an exceptional client experience in order to help achieve their financial goals.

What’s your next move?

Mathias Solberg

Mortgage Banker

Raised in the northern suburbs of Chicago and graduating with a degree in finance from DePaul’s Driehaus School of Business, I am a Chicagoan through and through. I started my professional career as a financial advisor, earning my Series 7 and Series 63 licenses shortly after graduation. With a strong base knowledge of the financial industry, I happily switched gears to the world of banking/debt and joined Waterman Bank in 2021. I enjoy competition, whether it be playing board/card games with friends or sports like hockey and spike ball. My mission is to partner with my clients to educate, strategize, and deliver an exceptional client experience in order to help achieve their financial goals.

What’s your next move?

Mathias Solberg

Mortgage Banker

Raised in the northern suburbs of Chicago and graduating with a degree in finance from DePaul’s Driehaus School of Business, I am a Chicagoan through and through. I started my professional career as a financial advisor, earning my Series 7 and Series 63 licenses shortly after graduation. With a strong base knowledge of the financial industry, I happily switched gears to the world of banking/debt and joined Waterman Bank in 2021. I enjoy competition, whether it be playing board/card games with friends or sports like hockey and spike ball. My mission is to partner with my clients to educate, strategize, and deliver an exceptional client experience in order to help achieve their financial goals.

What’s your next move?

Get Preapproved

Ready to start your search? A Waterman Bank mortgage professional is here to guide you step by step through the pre-approval process.

Refinance

There are many reasons to refinance your mortgage, contact us to see if refinance is right for you.

Loan Options

Learn more about all of the loan options that you have when you partner with Waterman Bank.

A fixed rate mortgage is designed to lock in your interest rate for the entire duration of the loan's term. Common fixed rate terms are 30-year, 20-year, or 15 year. Although US mortgage rates will increase or decrease over the years, you'll still pay the same interest rate as you did on your first mortgage payment.​

An adjustable-rate mortgage (ARM) is loan program that is split into two parts. The rate is fixed in the beginning of the loan (typically 5-, 7- or 10-year options) and variable for the rest of the loan, adjusting each year (typically once each year or every 6 months). This can be a great option for homeowners because it can offer an introductory fixed rate that's lower than a typical fixed rate mortgage before the variable rate period kicks in.

An example would be a 5/1 ARM or 5/6 ARM, the first number "5" would stand for the length of the initial fixed rate period of the loan (5 years of a fixed interest rate) while the second number "1" or "6" would stand for how often the loan will adjust after the fixed rate period is over. "1" for once every year or "6" for every 6 months.

If you can dream it you can finance it. A renovation loan allows you to purchase or refinance a home and pay for future renovations or repairs by wrapping the all those cost into one loan. What makes a renovation loan extra special is that the loan is based on the properties after repair value, that way the buyer can finance the home improvements rather than having to come out of pocket for those costs.​

Interest only product with no prepayment penalty, can be used for a plethora of circumstances to “bridge” a gap in time for borrowers to be able to complete transactions in a timely manner. This product is structured to be refinanced into a normal rate and term mortgage as soon as the borrower’s situation is ready/capable of doing so in accordance with conventional lenders

An FHA loan is a government-backed mortgage insured by the Federal Housing Administration. For this reason FHA loans lower minimum requirements relating to credit scores, down payments and debt to income limits, making it an attractive option of first time homebuyers.​

A VA loan is a mortgage loan backed by the U.S. Department of Veterans Affairs for service members, veterans, and their surviving spouses. They offer several advantages traditional loans, including lower interest rates, more lenient borrowing requirements and no down payment due at closing. VA loans also never have monthly mortgage insurance.​

A jumbo loan is a mortgage used to finance properties that are too expensive for a conventional conforming loan. The maximum amount for a conforming loan is $647,200 in most counties, as determined by the Federal Housing Finance Agency (FHFA). Homes that exceed the local conforming loan limit require a jumbo loan.​

Does your application not fit the box? Whether its 4+ units or unique income situations, we have an array of products to help you close your loan.​

Services

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Commercial Loans

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Mortgage Calculator

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Mortgage Calculator

Use this free Mortgage Calculator to see how much you would need to pay given a certain purchase price and other specifications.

Let's Talk!

Contact Me below to start your financial journey
Phone: 847.331.6699
Email: msolberg@watermanbank.com
Fax: 815.264.3523
1644 N Honore St., Suite 206
Chicago, IL 60622

Mathias Solberg

Mortgage Banker

NMLS#: 2184583

 

847.331.6699

msolberg@watermanbank.com

1644 N Honore St., Suite 206,

Chicago, IL 60622