Getting A Mortgage

A mortgage expert for almost three decades, Tom Gates, of loandepot, is the perfect guest for Episode 4. In this segment, he and I thoroughly dissect the topic of mortgage lending, particularly as it pertains to the home-buying process. Should you seek a fixed rate or an adjustable rate, conforming loan or jumbo, and what does it really mean, numerically, to have good or excellent credit? How does the mortgage process differ for those who are self-employed or retired, and, of course, the multi-million dollar question...where are those loan rates going in the future? These questions and many others are explored, so please listen and enjoy!

Link to webpage: www.loandepot.com/tgates

A veteran of over 27 years originating mortgages, Mr. Gates joined loanDepot in the spring of 2010. Since then, he has consistently ranked in the Top 1% nationally of all loan originators.

Before joining loanDepot, he was a perpetual President's Club performer in mortgage origination with Arlington Capital Mortgage. He also served as vice president, directing the marketing and training initiatives for the sales and operations staff. When Arlington became Gateway Funding Diversified Mortgage Services, LP in 2008, Tom co-managed the Princeton Office. Prior to this, Mr. Gates was a top performer with Xerox in Boston, MA.

Outside of business, Mr. Gates pursues his passion for playing tennis, and since the summer of 2011, he can be found every week volunteering on a local sustainable farm in Hopewell. He became a grandfather in January 2019.

A native of Princeton, Mr. Gates, his wife Tracey, and their two kids have relished their "move home" since 1993. Tom is the chair of the Real Estate Business Alliance at the Princeton Regional Chamber of Commerce, and is a member of the board of Governors of Pretty Brook Tennis Club. Tom has served as an Elder and a Trustee of the Presbyterian Church of Lawrenceville, has served on the Golf and Tennis Committee for the Princeton Regional Chamber of Commerce, and the Steering Committee for the Blood Donor Program at Princeton Healthcare System. Mr. Gates is a former member of the Board of Trustees of Princeton Day School, where he also served as President of the Alumni Association.

Mr. Gates received his BA in Mass Communications from the University of Vermont, Burlington.