About Russell McCarrel


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Russell McCarrel is a Mortgage Loan Officer at NewCastle Home Loans with more than three years of professional experience in mortgage lending. Before joining NewCastle, Russell has worked in every aspect of the mortgage process as a Consumer Loan Officer, Consumer Underwriter, Processor, and Mortgage Specialist.

Inspired by his father serving as a police officer for the University of Chicago, Russell wanted his career to focus on helping people. As a result, Russell received his Associates Degree in Fire Science while working as a firefighter/EMT. However, Russell found his calling as a Loan Officer and an alternative route to help others.

Through honesty and transparency, Russell’s goal is to make the home buying journey as exciting and easy as possible for each of his clients. Russell will not only make it simple for you to know where you are during the entire mortgage process, but also make sure you have the tools you need to understand each step as well.

In addition, Russell has been happily married to the wonderful Cadence McCarrel for five years.

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Causes Russell cares about:

Woodstock Pride
BLACKDOG All Breed Dog Rescue

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Russell's Articles:

16 Nov 2018
| 3 min read

VA Loans for first-time homebuyers

Are you a first-time home buyer and also a veteran? If so, you have the chance to take advantage of one of the best mortgage deals on the market with a VA Loan. In fact, you could be approved for $0 d...

14 Nov 2018
| 4 min read

How to use a VA loan to buy a condo

If you want to use your VA Loan benefit to purchase a condo, there are three main steps you’ll need to complete. First, you’ll need to get pre-qualified with your mortgage lender. Second, you’ll searc...

02 Nov 2018
| 2 min read

Can I use a VA loan more than once?

In order to know if you can reuse your VA benefit for a loan more than once, there are three things to understand. You need to figure out your VA entitlement, remaining entitlement, and how to go abou...

29 Oct 2018
| 2 min read

FHA minimum down payment requirements can be even less than you thought

If you’re like 72% of millennials, you’re probably struggling to come up with enough savings to purchase a home. But the minimum down payment for a house is much less than most people are led to belie...

25 Oct 2018
| 2 min read

How income-based repayments on student loans affect your mortgage

Income-Driven Repayment (IDR) plans for student loans are increasingly necessary for first-time homebuyers. One of the plans available through IDR is Income-Based Repayment (IBR). While immediately he...

24 Oct 2018
| 6 min read

Moving out of state? What to know about buying a home and your mortgage

Packing up and moving out of state can be overwhelming. On top of all the tasks and organization you’ll need to accomplish, what happens if you want to buy a home in a different state?

See all of Russell's Blogs

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