The large number and array of calls and questions I received and answered in just one weekend prove it beyond a shadow of a doubt ...

 

 

 

     Contact Gene Mundt, Mortgage Lender

     The market is changing!  I'm hearing a huge assortment of questions regarding mortgages once again ...

 

     This weekend's calls and contacts brought me a full array of  questions regarding mortgage financing.  Their questions showed me they're paying attention and doing their homework in advance to  contacting  me.   It also shows that  THEY ARE GETTING  GOOD, SOUND GUIDANCE  FROM THE AGENTS and PROFESSIONALS THEY ARE CHOOSING TO WORK WITH!  Absolutely fantastic to hear and experience ...


     What were some of the Buying and Financing scenarios I heard??


  •      First-Time Home Buyers seeking  Mortgage and Credit Counseling.  The message about the importance of planning for a home purchase is getting through!  Financial planning, credit advice, and credit/financial guidance is so vital, especially to the First-Time Home Buyers portion of the real estate market.
  •      First-time Home Buyers  -  Financing for $100,000 and under  Conventionally!
  •      Parental Investment Buyers  -  Parents and family members are seeking ways to assist younger family members towards home ownership, either through a traditional investment purchase or a purchase/rent-back of properties.  Each party I spoke with understands that NOW is an unbelievably good time to buy a home ... and they don't want their young family member to miss out on the opportunity to take advantage of this advantageous market and present low interest rates.  The message is getting through!
  •      Jumbo Loans  -  People are again inquiring about buying higher-priced homes ... or Refinancing them.  But availability of this financing had gotten harder to secure or find.  JUMBO's are available though.   Just as a note:  I just successfully Refinanced a home owner into a Jumbo,  7/1 ARM.  It was a perfect solution for him.  We sat down, discussed ALL his options.  He thoroughly educated himself prior to moving forward.  Buyers and Home Owners are taking the time to  EDUCATE  themselves.  Again, our industry's message regarding the importance of this IS getting through!
  •      Sellers hoping to become Buyers again ... soon!  I'm seeing back-to-back transactions more often.  This is a very good sign as to the health of our real estate market.  
  •      Again, addressing the same scenario:  Sellers looking to Buy another home ... immediately ... with FHA financing on the next purchase.  I am THRILLED to see this option (and other options) being discussed again.
  •      Buyers presently living with family members, so they can save funds for a down payment.  I've actually talked to potential home buyers with  15% PLUS  Down payment recently.   They are trying to avoid mortgage insurance.  Educated buyers ... with a vision and financial plan!  I am so loving it ...


     All these calls in one weekend proves something to me ... our housing market is improving and returning to better health.  It also tells me that

my  blog, efforts, and  consultations,  as well as those of others, are helping potential Home Buyers and those thinking (and capable) of Refinancing.  People are paying attention and actually seeking ways to educate themselves, solve their problems, address their personal financial scenarios, and get back to pursuing their dreams.


     Also good news is ... I have loan products available through my company,  American Portfolio Mortgage Corp.,  that can assist them and better their lives.   From those seeking VA  financing solutions ... to 

FHA Rehab Loans (203-K) ... to  JUMBO  financing ... to  FHA  and more,  financing options exist.


     The Bottom Line is this:

       Contact Gene Mundt, Mortgage Lender Everyone's financing transaction is personal to them, their financial situation, and standing.  Comparing apples to apples ... well, it just doesn't exist or apply any longer.  Mortgages and financing has gotten that

ultra-personalized in detail. 

    

      Buyers, those refinancing, and the professionals assisting them, need to work with and refer a  Mortgage Lender  that offers options.  A Mortgage Lender that offers a  menu of mortgage programs.  A Mortgage Lender with experience, expertise, and a broad-based knowledge and understanding of the  entire financing transaction, from beginning to end.  Your Mortgage Lender needs to know every step and how to execute today's home buying transaction, navigate today's mortgage processing, and successfully Close today's challenging mortgage financing.


    The large number and array of calls and questions I received and answered in just one weekend prove it beyond a shadow of a doubt ...    

 


     *  Hoping to Buy or Refinance a home in the  New Lenox,  Joliet,  Will County, or Chicagoland region?  Contact me  today!  I'll put my

35+ years of mortgage experience and expertise to work on your  behalf.

     I can be found at any of the following:

Direct:   815.524.2280 

Cell/Text:   708.921.6331 

eFax:   815.524.2281 

gmundt@goapmc.com

www.genemundt.com 

Skype:   630.219.1316   

I also can be found through each of the following Social Media:     

 Twitter Account of Gene Mundt, Mortgage Lender   LinkedIn Account of Gene Mundt, Mortgage Lender   Facebook Acct. of Gene Mundt, Mortgage Lender   Pinterest Acct. of Gene Mundt, Mortgage Lender   Digg Acct. of Gene Mundt, Mortgage Lender

 Trulia Acct. of Gene Mundt, Mortgage Lender   Zillow Acct. of Gene Mundt, Mortgage Lender   Lender411 Acct. of Gene Mundt, Mortgage Lender    Klout Acct. of Gene Mundt, Mortgage Lender    Gene's Chicagoland Blog/Gene Mundt, Mortgage Lender  

Gene Mundt, Sr. Vice President - Chicago Bancorp mortgage lender     

Gene Mundt

Regional Manager - Mortgage Lender

                                                                    Personal NMLS #216987

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This post has been included in Illinois Real Estate News Will County, IL Real Estate News Joliet, IL Real Estate News
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50 Comments on The large number and array of calls and questions I received and answered in just one weekend prove beyond a shadow of a doubt ...

20 Most Recent Comments Displayed Show All

OCT
16
836,047 Points 69 Featured Posts Outside Blog Called Shot Master

Agreed on the market is changing...My question is will it hold? Gene, its like a elephant in the wild. It is going to go wherever it wants...good post and relevant to our industry...thank you Gene
6:35am • #31
133,114 Points

Yes, these are all positive, safe, and sane signs!  I'm so loving it, too :)
7:14am • #32
496,108 Points 149 Featured Posts Outside Blog Hit Router Called Shot Master

Evelyn:  I'm hoping that after the elections are over, that people know what they are facing in terms of administration policy and feel even more secure in taking action.  JMO, but I think it's playing into decisions in the short term ...

BEth:  Hope you are feeling it too!

Carla:  I'm getting lots of questions on this too ... for there's alot to think over for the parent on this type of buying.  Lots to talk over with the family member they're helping.  Glad that you're involved in your area.  Know that Buyers/Parents are getting solid, good advice ...

Debbie:  It all "trickles down" too ... so real estate related businesses will feel the positive too ... and that includes YOUR business.  Great thing is with you, you've been placing yourself all throughout the downturn, so when this happens ... guess who'll they'll find when searching for flooring???  Debbie Gartner, Westchester Flooring!

Wayne and Jean:  lol ... exactly!  Exactly the point I made to Debbie above.  Great minds think alike!

Scott:  I keep hearing and seeing reports that the Bourbonnais area is hopping and getting back to pre-recession health.  GREAT news!  Have family down in your area ...

Time will tell, Richie!  In this world, can anyone really predict?  So many unknowns.  We'll keep our fingers crossed that the ride ahead isn't quite as bumpy ...

Jane:  Glad to hear other lenders chirping in that they are seeing positives too.  We lenders needed some GOOD news badly ...

Gene
7:38am • #33
618,728 Points 10 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

.....and that's great news.
7:44am • #34
1 Featured Post

Great post Gene, are the leaves changing yet?  i used to live in Mokena right near you.  Thanks for the great information on what you are noticing.
8:33am • #35
857,728 Points 174 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

The mortgage market really has started to loosen up and it's looking better and better for buyers, even as prices start to rise again.  We're truly at the start of a new boom period.
8:55am • #36
494,746 Points 13 Featured Posts Outside Blog Called Shot Master

Hi Gene, glad to hear your market is doing better.  We are finally seeing it here in Ocala, Floirda as well.
9:06am • #37
496,108 Points 149 Featured Posts Outside Blog Hit Router Called Shot Master

Isn't that the truth, Lottie!  And we've waited to hear it for so long ...

Rob:  Leaves changing ... and in some areas almost gone!  Where in Mokena???  I lived there for 25 years ... first on Second Street ... then on Kluth Drive.  Fantastic town and a great place to raise a family ...

Bryan:  I'm hoping you are spot-on!  We've waited so long ... and home buyers, sellers, owners, and professionals all need good news ...

Bob:  Glad to hear that you are seeing positives down your way too.  Keeping my fingers crossed that it continues and only gets better ...

Gene
9:16am • #38

It's definitely changing out there, and luckily for the better!  
9:43am • #39

I love that you personize your quotes for what will work for that client and that you are pulling in clients who are willing to be educated.
9:53am • #40
3 Featured Posts Outside Blog

I agree the market is changing.  I am happy to see it.  Home values are increasing, almost to fast and have been for about a year now.  I worry that we are seeing 2004 & 2005 all over again.  Multiple offers, selling for more then list price, Appraisals are coming in under contract price.  Then yesterday I saw an advertisement for a 7/1 ARM.  I thought... had hoped we were done with all these crazy loan programs.  I guess not. 
10:48am • #41
198,748 Points 4 Featured Posts

I'm working with a couple of buyers that are using grants and IHDA.  Haven't dealt with an IHDA loan in years.
11:00am • #42
699,772 Points 39 Featured Posts Outside Blog Called Shot Master

Boy I'd like to see back to back closings again sometime in the next century! Glad the phone is ringing off the hook with good questions. 
11:50am • #43
496,108 Points 149 Featured Posts Outside Blog Hit Router Called Shot Master

Shane:  Finally, huh?  I'm sure we'll still see fluctuations ... but they aren't seeming quite as high and low as before.  Keep your fingers crossed!

M. Lynn:  The business of quoting rates and mortgage programs has changed so drastically over the last few years.  It's a challenge ... but in many ways, exhilirating too.  And it does seem like more and more, the public is aware.  ALL good!

Debora:  Appraisers struggle to keep-up with quickly changing markets, no doubt.  That has always been the case.  Having been an appraisers years ago, I feel their pain.  But as far as the wide number of lending options goes ... I see it as a plus.  The financing can be more tailored to the individual's financial needs that way.  It was not the mortgage program's fault that caused the issues causing the recession.  It was that lenders that did not educate ... and Buyers that did not take the time to fully-educate themselves about the programs and the pros and cons of what programs they were entering.  If the Buyer is fully knowledgeable about a mortgage program, there should be no problem or surprises.  JMO ...

Hey Judy!  Good to see you!  And you're right ... what's old is new again.  Stay in the business long enough and you see amazing things ...

Lyn:  We're getting there!  Questions are good ... and exactly what you want to hear.  Means the Buyer is engaged and serious ...

Gene
12:59pm • #44
195,512 Points Outside Blog

I'm an optimist and always look for the positives in any situation, yet your perspective about an improving residential real estate and mortgage finance market is too optimistic based upon our economy and fiscal circumstances. Lower priced homes have been purchased raising the median price of remaining inventory which raises the the limits on conventional loans to move into jumbos, so that is the cause and effect, isn't it? 

When the unemployment rate is reduced substantially, then I will agree with your perspective, however, I'm sure that soon after the election, we'll know in what direction we'll all be heading, don't you agree?
9:17pm • #45
264,405 Points 1 Featured Post Outside Blog Called Shot Master

You have lots of good news in your post, but the economy is still shaky and unemployment is still persistent and too high. A lot more buyers would be out there if they could move and find a new job. You know, like in the good old days. Just 8-10 years ago!
11:19pm • #46
OCT
17
140,313 Points Attended Rain Camp

Dear Gene,

I also had a busy weekend. It does not look like things are slowing down for the season yet.
7:33am • #47
496,108 Points 149 Featured Posts Outside Blog Hit Router Called Shot Master

Kimo:  All I was reporting was the fact that I personally am receiving more calls and questions regarding buying and refinancing.  It was not reflective of the prices or housing they are finding as they maintain a search for properties.  Simply a statement about the sheer number of those taking the time to contact me in one form or another.  I find that a source of optimism for my business ... and the business of others in my area.  I do think you're right about the election, as some I speak to ... although starting the process of research, etc. ... are saying they may wait until after the election to take any possible action.  Still, they are inquiring and asking questions.  I celebrate that.  I have heard similar reports for other professionals in my area, as to the uptick.

Jon:  Much of what you express is true ... but there ARE signs of improvement.  I choose to look on those as reason for optimism and hope.  Things can get better, no doubt.  But after all the bad, even small bits of good feel great ...  at least that's my opinion ...

Dorte:  Glad to hear that you too are busier.  From the comments received, it's something many are seeing from differing areas of the US ...

Gene

 
12:42pm • #48
OCT
18
2 Featured Posts Outside Blog

Gene - That's great!  Things are starting to pick up in PA as well.
2:00pm • #49
496,108 Points 149 Featured Posts Outside Blog Hit Router Called Shot Master

Glad to hear it Brad ... we sure need a dose of positive news!

Gene
7:38pm • #50

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