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About Russell McCarrel


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

Russell's Articles:

18 Jun 2019
| 11 min read

How to qualify for IHDA down payment assistance in Illinois

If you plan to purchase a home in Illinois, IHDA (Illinois Housing Development Authority) has down payment assistance programs to help you. These programs are geared toward helping first-time home buy...

09 May 2019
| 5 min read

How do Portfolio Loans work when buying a home?

Portfolio Loans go by a number of different names - portfolio mortgages, non-QM, non-traditional, non-conventional, portfolio, specialty products, or a few other creative variations.

18 Apr 2019
| 7 min read

Get down payment help with Chicago’s Home Buyer Assistance Program

Chicago’s Home Buyer Assistance Program is making homeownership easier in Cook County. Not only can you use this grant for down payment assistance in Chicago, but you can also use it towards closing c...

01 Apr 2019
| 4 min read

How much cash do I need to close on a VA Loan?

When you use a VA Loan, how much money will you need to fork over at the closing of your home? This is a very common question I hear when veterans reach out to me. What you’re looking for is an estima...

15 Mar 2019
| 6 min read

How to use VA disability benefits to buy a home and save money

If you’re receiving VA disability or are a disabled veteran, you have a few financial benefits you can take advantage of, including VA disability income. But are you aware of the VA disability benefit...

12 Mar 2019
| 7 min read

Should I use a land contract to buy a home?

Not long ago, land contracts were extremely popular when mortgages were difficult to qualify for and had extraordinarily high-interest rates. Although they have decreased in popularity, land contracts...

See all of Russell's Blogs

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