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Put a Little Thought & Effort into It ... Prepare for Your Mortgage Application

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Mortgage and Lending with NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 IL Lic 031.0006220/WI

 

 

Put a Little Thought & Effort
into It ...
Prepare For Your Mortgage Application
 
 
 
 
 
H. Jackson Brown Jr.
The best preparation for tomorrow is doing your best today.
 
 
 
 
 
 
 
      A few days ago, I took an  application  for some new home buyers. I'd talked multiple times with both the husband and wife leading up to the time of their ap.
 
 
 
 
Contact Gene Mundt, Mortgage Lender for a FREE No Obligation Mortgage Consultation       Following my habit, I'd included a link to my   mortgage website   in every email to them, along with my other contact info.   I'd also emailed a link to my website page regarding the  financial documents required for mortgage application,  then reviewed that list with them in detail prior to their appointment.
 
 
      I always do this in the hopes that all the steps taken on my part will motivate my clients to do their part.  That they'll organize, gather the documents needed, and be fully-prepared for our appointment together.  It makes for a far more smooth and quick application appointment and gets us both off to a good start.
 
 
 
      Assurances had been received from this couple that "they had it under control". They'd have all the required documentation in hand for our meeting.
 
 
      And you know where this is going ...
 
 
 
      Instead the entire appointment was bogged-down while this couple rummaged through old paperwork and bills, searching for the documents they needed. And of course, they never found.
 
 
 
      During the time they were rummaging, both were very distracted, unable to pay attention to what I was saying.  I'm betting, they didn't retain half of what was said.
 
 
 
      As they became more and more rattled, they sniped at one another ... and then their comments to me started to take on an "edge" too. As their situation became more overwhelming to them and their frustrations grew, it was clear the appointment needed to end.  Directions were given to  email  and fax the remaining info I needed and then the ap was over.
 
 
 
      Why do I relate this story?
 
 
 
      Because so much of the success to be found within mortgage financing, rests upon how well borrowers are prepared for the process. That preparation takes time, no doubt. Takes effort. Takes organization on the applicant's part.   It demands their attention.
 
 
 
      Today's   mortgage application   and process is challenging. But much of the challenge can be overcome by home buyers if they follow the advice I give them.  Both verbally and above.
 
 
 
      Taking the time to prepare, get organized, pay attention, make the effort ... it all pays off in big ways.   Not least of all in how pleasurable the process of financing ends-up being.
 
 
 
      Not do or see to these things?  You WILL encounter problems and big frustrations for sure. You will rob yourself of the enjoyment of buying your home.  And certainly, that's not what you want.
 
 
 
      Avoid that outcome.   Right from your first inquiry, call, or contact with your  mortgage lender  and agent.  Be thoroughly involved.  Be prepared.  Be organized ... or get yourself organized.   Follow-up on all requests made of you in a timely fashion.
 
 
      Do these things and you will feel and be much more in control of the direction your mortgage processing takes, as well as its outcome. You'll also greatly improve your chances for a more enjoyable mortgage process and home buying experience along the entire way.
 
 
 
 
 
 
 
 
      * Work with a  mortgage professional  with over 35 years of experience and expertise to put to work on your behalf.
      I can be reached through any of the following:
Cell/Text: 708.921.6331
Skype: 630.219.1316
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Gene Mundt

 Mortgage Originator  -  NMLS #216987    

                                 IL Lic. #031.0006220  -  WI License #216987                                                                                                    

NMLS #175656

 

Gene Mundt, Mortgage Originator,  40+ years of #mortgage experience, will offer you exemplary mortgage service and advice when seeking:  #Conventional, #FHA, #VA, #Jumbo, #USDA, and Portfolio Loans in #Chicago and the greater Chicagoland region, including:  The #Lincoln-Way Area, #Will County, (#New Lenox, #Frankfort, #Mokena, #Manhattan, #Joliet, #Shorewood, #Crest Hill, #Plainfield, #Bolingbrook, #Romeoville, #Naperville, #Wilmington, #Peotone, etc.), #DuPage County, the City of Chicago, #Cook County, and elsewhere within IL and Wisconsin. 

 

Your Referrals & Testimonials are Always Greatly Appreciated! 

 

 

Comments (6)

Mona Gersky
MoonDancer Realty, Dillsboro,NC - Sylva, NC
GRI,IMSD-Taking the mystery out of real estate.

Gene, this post couldn't come at a better time.  We have two new first time homebuyers getting ready to apply for their mortgage.  I'm going to email them a link to your post.  Perfect advice. Thanks!

Jul 01, 2012 12:38 AM
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

Mona:  Wow .. You're up and at 'em early today!  I hope the info and advice proves beneficial to your first-timers.  I know they're in great hands to find that new home!  Thanks for the support ...

Gene

Jul 01, 2012 12:47 AM
Edward & Celia Maddox
The Celtic Connection Realty - Queen Creek, AZ
EXPERIENCE & INTEGRITY - WE TAKE THE HIGH ROAD

Some good tips to pass onto buyers.  For such a large purchase, you would think they would take the time to do it correctly.

Jul 01, 2012 12:55 AM
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

Edward and Celia:  Obtaining a mortgage is not your typical service.  The service is not completed in totality by the servicer.  Those being serviced, must take part.  And that is the part that is overlooked too often.  Especially for 1st-timers, a hard thing to understand ...

Gene

Jul 01, 2012 01:04 AM
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Your post surely does tell me that your clients are in good hands. If more LO's would take the steps that you do, there would be a lot more very happy clients.

Jul 01, 2012 08:10 PM
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

Thanks, Joe ... much appreciated.  And just feel it helps ALL involved ... clients and other professionals ... but ME too!  Sure you see that too ...

Gene

Jul 02, 2012 02:17 AM