Ernest Heredia
Loan Consultant
NMLS #: 350571; CA: CA-DBO350571
About Ernest Heredia
Ernest Heredia has been a veteran of the mortgage industry since 1989. Ernest takes pride in backing every transaction with a vast set of resources and best serves clients who value quality, performance and efficiency – including top Realtors, CPAs, attorneys and business managers.
Ernest delivers service excellence through a team approach thereby streamlining the loan process and offers expertise in every facet of the borrowing experience.
In addition to his internal team he also has an extensive network of professionals to service his clients. He is happy to introduce you to a Realtor in your area, CPAs, Financial Planners, Divorce Attorneys, Credit Repair Companies, Commercial Lenders and Appraisers.
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PERL Mortgage, Inc
Equal Housing Lender
Illinois Residential Mortgage Licensee.
NMLS #19186 
The Top Reasons Mortgage Applications Are Denied
/in Knowledge Center /by Enzo FiorelloFollowing the financial crisis of 2008, lending standards tightened. Over the past 10 years, these standards have become less stringent but consumers are still finding their loan applications are being denied. There are many factors that are reviewed during this process but a few rise to the top. 1. Debt-to-income ratio Often referred to as […]
How Parents Can Play a Big Role in Helping Their Children Buy a Home
/in Knowledge Center /by Enzo FiorelloWith today’s rising home prices and interest rates—not to mention outstanding student loans—young adults who have decided to purchase a house might want to consider asking their families for a cash gift or loan to help make the process more affordable. Below are some ways parents can help their children achieve their dream of homeownership. […]
How to Gain an Edge Over All-Cash Buyers When Purchasing a Home
/in Knowledge Center /by Enzo FiorelloA cash buyer can perform and close quickly, as well as provide sellers with a sense of comfort. However, that doesn’t mean that a serious buyer putting down 20 percent or more shouldn’t attempt to compete with the cash buyer—especially if they are gainfully employed; have cash reserves in addition to a down payment; have […]
Could a Reverse Mortgage Loan be a part of a smart retirement plan?
/in Knowledge Center /by Enzo FiorelloWhen faced with daunting expenses paired with a monthly mortgage payment on their home, many retirees consider a reverse mortgage as a way to supplement their income, eliminate their mortgage payment and access needed funds so they may comfortably age in place. A reverse mortgage allows homeowners to access their home’s equity while maintaining ownership, […]
Millennials Lead the Home-Buying Market
/in Knowledge Center /by Enzo FiorelloAs millennials become more established in their careers and start families, they are increasingly becoming the biggest segment of the home-buying market. According to the National Association of Realtors’ 2018 Home Buyer and Seller Generational Trends study—which evaluates the generational differences of recent home buyers and sellers—more than one-third of all home purchases in the […]
The Best Ways to Retire Without a Mortgage on Your Home
/in Knowledge Center /by Enzo FiorelloWhether you’re preparing to take early retirement or planning to ride off into the sunset during your Golden Years, you’ve likely thought about how nice it would be to enter into this stage of your life without having to pay a mortgage. Without those monthly payments to your home lender, you’d then have additional finances […]