Sr. Mortgage Advisor

Michael Krakowski

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

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

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

About Michael Krakowski

Your mortgage is personal, and I understand that.

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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

Donna

Michael was personable, courteous and professional. He is easy to reach and committed to consumer satisfaction. He obtained a good rate on a loan for our new home.

Nov 21, 2021

Gina S

Michael and his team were spot on professional and very helpful! I highly recommend PreferredRate to get your loan through. I got a great rate!

Nov 17, 2021

dudesville401

I had a short turnaround to complete a home purchase. Less than 30 days. Michael and his team at Preferred Rate got it done. Was able to close on both my home sale, and home purchase on the same day

Nov 05, 2021

Cristal C

Fast and very responsive! Explained the process and answered all the questions we had as first time home buyers

Nov 04, 2021

Alana B

Absolutely!!!!!!!!!!!!!

Oct 31, 2021

ozan k

Mike was awesome, great at solving problems and communication. Definitely would recommend him and his team to anyone. Thanks for everything!!

Oct 04, 2021

Jacqueline A

Mike is absolutely the best. I've talked with Many lenders during the process and he is sincere and on your side. The others I spoke with were all about just the sale and not about my issues. I'm extremely picky and am telling you Mike is better than the best; he's does his best to be on your side. ... Read More

Oct 03, 2021

Torrie D

EXCELLENT communication. Answered questions truthfully. Will not waste your time on any level. Treated me kindly and very professional. I had the utmost human being interaction! I felt welcomed and this experience was positively memorable. I can't express how greatful I am for a team that exceeded expectations... (#juju) I reached my goal! Thankyou sincerely, Torrie ... Read More

Oct 01, 2021

Suzanna S

Can't speak highly enough on behalf of Michael and the Preferred Rate team. Michael was always available when needed, and went above and beyond to walk me through answers to my newbie refi questions. He gave me a fantastic rate, kept me up to date, and as a bonus provides educational videos and periodic home ownership tip notices. He came highly recommended to me, and I am doing the same for anyone looking for a great mortgage banker. Thank you so much Michael, Brian and Amber! ... Read More

Sep 27, 2021

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equal housing opportunityNMLS CONSUMER ACCESS LINK: NMLS #1850

© 2021 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, 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 AZ and NV. AZ Corp BK 0906702. 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.”