Richard Honquest VP of Mortgage Lending - Preferred Rate NMLS #1845277

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Richard Honquest VP of Mortgage Lending - Preferred Rate NMLS #1845277

I take a consultative approach to the mortgage process. Preferred Rate, A division of American Pacific Mortgage Corporation NMLS 1850

07/29/2026

Instagram wouldn’t let me post all my closings from Mid June to Mid July on the last post soooooooo here ya go!! Preferred Rate (NMLS # 1850)

05/10/2026

My wife has the same aura as the 90s Bulls dynasty. Elite under pressure, leads the team, never takes a day off, and somehow makes all of us better. Happy Mother’s Day ❤️

04/27/2026

Richard Honquest grew up on the shores of Lake Geneva, his “happy place,” working summers on the gas pier and gaining an acute knowledge of the area.

As a mortgage advisor with Preferred Rate, he knows everything there is to know about the southern Wisconsin mortgage industry. When potential homebuyers visit a local title company, the employees there all know Honquest’s name because they have worked on his closings.

Since the pandemic, he has made a conscious effort to make Walworth County one of his primary sources of business. With his long-established network in southern Wisconsin, he continues to be uniquely positioned to ensure smooth, successful transactions. Today, more than 30% of his business comes consistently from this area.

Richard Honquest VP of Mortgage Lending - Preferred Rate NMLS #1845277, Mortgage Advisor
Preferred Rate NMLS # 1845277
https://chicagoagentmagazine.com/whos-who-2026/richard-honquest-3/

03/10/2026

If your current mortgage rate is above 6.625%, it may be a great time to explore a refinance.

The Midwest remains one of the most affordable regions in the country to refinance, with relatively low closing costs and a lower overall investment required to restructure your mortgage.

Recently, many of our clients have been saving $300 or more per month, with some seeing savings closer to $500 per month. In several cases, homeowners have also moved into 20-year mortgages in the mid-5% range, allowing them to cut 7–9 years off their loan term while still lowering their monthly payment.

These are the types of strategic decisions that build long-term equity and financial flexibility. Small moves today can have a significant impact on your financial position when it’s time to sell or plan your next move.

On the other hand, waiting for rates to drop simply because someone thinks they might go lower can be costly. Delaying a refinance could easily mean spending an extra $4,000 or more this year that could have been saved. Do you like vacations?!?!

We’re happy to provide a no-pressure, complimentary analysis to help you understand your options. If you’d like to take a look at the numbers, please reach out.

Congrats to our 4 clients who repositioned their mortgage for the better this month.

11/19/2025

Well, well, well if it isn’t the matriarch’s birthday?!? The one who makes our world go round, the one who we couldn’t do life without. Happy birthday, Katelyn Margaret Mary Finn Honquest!! The boys and I love you so much and appreciate all that you do for us day in and day out. If you know her, you love her, she is truly the best, and I am the luckiest man in the world. Happy birthday, my queen!!! ❤️🧑‍🧑‍🧒‍🧒

08/01/2025

Sometimes you just have to summer. Here’s a few snaps of what we’ve been up to….and congrats to our 13 clients who bought homes this month!!!

05/24/2025

Happy holiday weekend condo Friday!!! CONGRATULATIONS to our 3 buyers who closed late this week. Little Italy, Bucktown and Ukrainian Village. Who doesn’t love a walk up?!?

Address

1801 S Meyers Road Ste 500
Oak Brook, IL
60181

Website

https://preferredrate.com/loan-officer/rich-honquest/

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