Sr. Mortgage Advisor

Michael Krakowski

Sr. Mortgage Advisor NMLS# 225734 Licensed in CA and IL

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5.0
(223 reviews)
(630) 881-7902 michael.krakowski@preferredrate.com

1801 S. Meyers Rd., Suite 500
Oakbrook Terrace, IL 60181
Branch License #1962205

About Michael Krakowski

Your mortgage is personal, and I understand that.

Your mortgage is personal, and I understand that. Whether you’re looking to buy, build, or refinance your home, our experienced mortgage professionals are here to help. Here at Preferred Rate, we offer a variety of loan options that can help you achieve homeownership with the speed and service you deserve. Plus, as a mortgage professional, I am dedicated to finding the right loan with great rates, terms and costs to meet your specific needs. Financing a home is one of the most significant commitments you will ever make - let me guide you throughout the entire loan process from application to closing and beyond. I look forward to putting our mortgage service to work for you! Your mortgage is personal, and I understand that. Whether you’re looking to buy, build, or refinance your home, our experienced mortgage professionals are here to help. Here at Preferred Rate, we offer a variety of loan options that can help you achieve homeownership with the speed and service you deserve. Plus, as a mortgage professional, I am dedicated to finding the right loan with great rates, terms and costs to meet your specific needs. Financing a home is one of the most significant commitments you will ever make - let me guide you throughout the entire loan process from application to closing and beyond. I look forward to putting our mortgage service to work for you!

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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!

Michael's team

Alan Walsh

Mortgage Advisor/Loan Officer Assistant
NMLS# 1072858

1801 S. Meyers Road, Suite 500
Oakbrook Terrace, IL 60181
Branch License #1962205

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
Buy a home Refinance

See what Michael's clients have to say

Tiffany L

Mike and his team are the best! I worked with him on my first purchase and also recommend him to all my clients whenever possible. He is incredibly knowledgeable and has a powerhouse of a team to back him up. Always a smooth transaction! ... Read More

Oct 31, 2022

dalvarez785

The home buying process can be very stressful, but Michael and his team made things go as smoothly as possible. We closed in less than 30 days and they were on top of everything. Anytime we had questions he responded very quickly.

Sep 12, 2022

Ellyn C

Mike and staff were fantastic in helping me navigate my home buying process..I was always well aware as to where I was in this process and what the next steps were! Great job..would definitely recommend!

Sep 07, 2022

Vanessa P

Micheal provided phenomenal service as our mortgage broker.Michael provided thorough explanations regarding all the options we had to finance the purchase of our home.Michael also did a phenomenal job of helping us to understand the differences between our FICO scores vs credit bureau scoring.Michael genuinely cares about his clients and is totally transparent regarding roadblocks you'll incur and ensuring that you thoroughly understand not only your available options but the mortgage process as a whole.Michael and his team were always available to answer our questions.5 stars to you and your team Michael!! ... Read More

Aug 15, 2022

BASHAWN H

Being a 1st time homebuyer, I didn’t know what to expect or steps to take. Every question and situation I asked about was answered and explained to me with complete patience full understanding. No matter what time or how many times I reached out it was always returned in a timely fashion. Felt like family. I would recommend 100% ... Read More

Aug 04, 2022

Heather W

Mike and his team were amazing to work with. I was referred to Mike by family who have alreafy referred him highly to many people that have also used him. He worked with me and made the process go quick and painless!!! Mike should be your first call!!! ... Read More

Jul 05, 2022

Annette D

Michael and Amber and his entire team were such a pleasure to work with! They explain everything to you in detail as many times as you need them to, which was perfect for me lol. I had a really Great experience working with them, and am Happy to recommend them to everyone I know. ... Read More

Jun 27, 2022

Christopher N

Michael Krakowski and his group were amazing, they were able to make my wife and I feel like we were the most important clients he had. Gave us so much reassurance, especially for being first time home buyers. We had switched over to him and his group very last minute but we are glad we did and he was able to get my wife and I into a house very quickly and close in four weeks from inspection day. I would recommend his group to anyone who is looking for someone to make their home buying experience more comforting. ... Read More

Apr 23, 2022

Melanie B

We’ve worked with Mike and his team several times, they make the mortgage process as streamlined and stress free as possible. They are truly amazing and will be there for you in every step of the process… from getting prequalified all the way through checking in on how you are enjoying your new home. A huge shout out to Alan as well, he’s always on top of everything and helps figure out any issues that pop up right away!! ... Read More

Mar 19, 2022

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equal housing opportunityNMLS CONSUMER ACCESS LINK: NMLS #1850

© 2022 American Pacific Mortgage Corporation. For informational purposes only. No guarantee of accuracy is expressed or implied. Programs shown may not include all options or pricing structures. Rates, terms, programs and underwriting policies subject to change without notice. This is not an offer to extend credit or a commitment to lend. All loans subject to underwriting approval. Some products may not be available in all states and restrictions may apply. Equal Housing Opportunity.

Licensed by the Dept. of Business Oversight under the CRMLA.

Licensed as Preferred Rate in AL, AZ, CA, CO, FL, GA, IL, IN, KS, KY, LA, MA, MD, MI, MO, MS, NC, OR, TN, TX, VA, WA, and WI. Preferred Rate operates under American Pacific Mortgage in NV. AZ Corp BK 1014819. CA DRE #01215943. Regulated by the Colorado Division of Real Estate. Georgia Residential Mortgage Licensee. NV MB 2941/164. Licensed under the Oregon Consumer Finance Act.

Licensed by the Illinois Department of Financial & Professional Regulation, Residential Mortgage License # MB.6761304 | James R. Thompson Center | IDPR – Residential Mortgage Banking | 100 West Randolph St, 9th Floor | Chicago, Illinois 60601 | (844)768-1713

Licensed by the Department of Financial & Professional Regulation, Residential Mortgage License # MB.6761304

The Department of Financial and Professional Regulation (Department) evaluates our performance in meeting the financial services needs of this community, including the needs of low-income to moderate-income households. The Department takes this evaluation into account when deciding on certain applications submitted by us for approval by the Department. Your involvement is encouraged. You may obtain a copy of our evaluation. You may also submit signed, written comments about our performance in meeting community financial services needs to the Department." (Source: P.A. 101-657, eff. 3-23-21.)

Licensed by the Dept of Financial Protection and Innovation under the CRMLA.

CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A COMPANY OR A RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550. THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED RESIDENTIALMORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV.”

THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED RESIDENTIALMORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT'S WEBSITE AT WWW.SML.TEXAS.GOV