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

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Oak Brook, IL
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

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?!?

04/26/2025

You feel that sunshine?!? That soon to be summer breeze?!? Summer time is finally here and lake homes are closing!!! Congrats to our buyers on their amazing log cabin in Ludington, Michigan and our buyers in Walworth, WI on their ranch fixer upper.

02/19/2025

Spring Market is here and getting offers accepted is no small feat. Thanks to all of our referral partners and clients for trusting us to help them stand out in this extremely competitive market. Congratulations to our buyers in Chicago, Woodstock and Palatine!! Bonus Liam at the end 😎

02/06/2025

In a year filled with adversity (low rates, no inventory), my Referral Partners, Clients and I put our helmets on, went out there and got it done. To succeed in this market, it requires a team all working together and I am so grateful for the 109 clients who allowed us to be a part of their financing journey. Personally, I had my best year in volume and I couldn't be more grateful to my team and Preferred Rate for helping me accomplish this! Cheers to a even greater 2025

Address

1801 S Meyers Road Ste 500
Oak Brook, IL
60181

Website

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

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