Mortgage Advisor

Michael E. Fornero

Mortgage Advisor NMLS# 231714 Licensed in IL

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(630) 400-8144 mike.fornero@preferredrate.com

1801 S. Meyers Rd. Suite 500
Oakbrook Terrace, IL 60181
Branch License Number #1971311

About Michael E. Fornero

Your mortgage is personal, and I understand that.

Michael has been a loan originator since 1994 and has a background in Financial Planning since 1985. He believes in taking an innovative approach when working with a client and their financing needs. Mortgage financing is more than just rates and data gathering. Meeting the client’s objectives is the philosophy that has worked for Michael for more than 26 years.

Michael has been fortunate to build many great relationships and friendships with his clientele and he holds those sacred as it’s the biggest reason he has always enjoyed his work.
He is a father of three wonderful sons, whom he is very proud of.
Michael has been a loan originator since 1994 and has a background in Financial Planning since 1985. He believes in taking an innovative approach when working with a client and their financing needs. Mortgage financing is more than just rates and data gathering. Meeting the client’s objectives is the philosophy that has worked for Michael for more than 26 years.

Michael has been fortunate to build many great relationships and friendships with his clientele and he holds those sacred as it’s the biggest reason he has always enjoyed his work.
He is a father of three wonderful sons, whom he is very proud of.

See my reviews
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We keep the mortgage process easy

Buying a new home can feel like everything at once: Exciting, overwhelming, stressful, and even emotionally taxing.

Whether this is your first home, your next home, or you’re thinking about refinancing, we’re ready to walk with you every step of the way.

  • Step 1 Connect with a Loan Expert

  • Step 2 Get Pre-Approved

  • Step 3 Make Offers

  • Step 4 Lock in your Preferred Rate

  • Step 5 Move in to your new home

  • Step 1 Connect with a Loan Expert

  • Step 2 Lock in your Preferred Rate

  • Step 3 Get your new loan approved!

Buying a new home can feel like everything at once: Exciting, overwhelming, stressful, and even emotionally taxing.

Home Loans

  • Fixed-rate Mortgages
  • Adjustable-rate Mortgages
  • Interest-only Loans
  • Jumbo Loans
  • FHA
  • VA Loans
  • USDA Loans
  • Reverse Mortgages

Speciality Products

  • Keys On Time Program
  • Secure Lock Program
  • Jumbo Investor Loan Programs
  • Peak Loan Program
  • High Balance Solutions
  • Jumbo Solutions
  • Home Ready
  • Home Possible Advantage
  • STaR Program for First-Responders
  • Doctor Program for Medical Professionals
  • Manufactured Housing Loans

See what Michael's clients have to say

Denis B

Mike was excellent to work with and made our first home-buying experience stress free and very simple. I cannot emphasize his helpfulness enough. We will definitely continue to work with Mike for all of our lending needs. Thank you Mike! ... Read More

Mar 22, 2021

Gregory S

Things were great

Mar 18, 2021

Mark G

Mike made everything easy when completing my refinance. His professionalism and expertise really put my mind at ease when going through the process. I would definitely recommend him to friends and family and would use him again for any of my future mortgage needs. ... Read More

Mar 04, 2021

Brigitte S

Great and easy experience.

Mar 03, 2021

Laura S

I felt very comfortable working with Mike Fornero. He was timely and responded to calls and answered questions sufficiently.

Feb 10, 2021

Peter N

Everyone including Mike was very helpful and friendly

Feb 10, 2021

Mark K

Have some holdover feelings regarding the mortgage we were unable to close on in November. As a result we needed to tap into our IRA and will now have to pay taxes on $50K we didn't anticipate. How do we get it back?

Jan 30, 2021

James M

Mike was easy to work with and made the process simple and painless!

Jan 23, 2021

Jeannine B

Mike was great to work with, he really made the entire process so easy!

Dec 30, 2020