credit repair: How to Spot, Avoid, Report a Credit Repair Scam .. Don't Be a Victim! - 08/23/17 11:48 AM
 
How to Spot, Avoid, Report a Credit Repair Scam  
Don't Be a Victim!
 
The airwaves are full of advertisements and infomercials aimed at consumers with credit issues ...  
Some of these companies are legitimate.  But a fair number of them are fraudulent ... or just offering poor advice at a very costly price.  
For those struggling with credit problems:  A "quick and easy" fix to a very painful problem can sound pretty enticing.  
Unfortunately, there's really no such thing as quick or easy when it comes to credit repair.  It takes time.  It takes consistent effort.  
Should you need to improve or repair your … (26 comments)

credit repair: Was One of Your New Year Resolutions to Get Financially Fit? - 01/17/14 03:57 AM
 
Was One of Your New Year Resolutions to Get Financially Fit?  
      The New Year is typically the time most people pledge to make changes in their life.  They hope to start anew.  implement new habits.  Turn themselves and their lives around.           Were you someone that made New Year resolutions? Did those resolutions include sticking to a healthier diet, getting fit, quitting smoking, or losing weight?  
     Or did they focus on another type of fitness ... your financial fitness?
     The New Year is the perfect time to address all your fitness concerns.  To get healthy on … (18 comments)

credit repair: When "NO" Doesn't Mean "NO" ... or at Least Not Forever - 12/19/13 12:19 AM
  When "NO" Doesn't Mean "NO" ... or at Least Not Forever          Do I have you thoroughly confused with my title?  If so, let me explain ...           So many of my potential Mortgage Applicants mention thestatistics reported regarding their chances of successfully obtaining financing for a home purchase.  Add what's heard regarding today's actual Mortgage process (which is portrayed as pretty bad too) ... and I can find myself in front of some pretty scared people.  Especially true, if they're First-Time Home Buyers.
       It's hard to deny that the current process for … (26 comments)

credit repair: Are YOU making your financial life harder than it needs to be? - 05/17/13 07:47 AM
 
Are YOU making your financial life harder than it needs to be?  

     Are YOU paying more for utilities, insurance(s), rent, and cell phone plans than your friends are?  You might want to take a look at your Credit ...

     Seems I'm always compelled to write something on the topic of Credit.  Why it's important to have good Credit.  How to establish good Credit.  How to improve or repair your Credit.  How to keep good Credit Scores ... and much more.

     It also seems there's good reason to be concerned about this topic too.  … (12 comments)

credit repair: "Nothing in Life Comes Free" ... just like the old saying goes - 05/13/13 08:13 AM
 
"Nothing in Life Comes Free" ...  just like the old saying goes
      
        I'm sure you've heard the statement, 

           "Nothing in life comes free" 

      Well, a blog I read today, written by fellow mortgage lender  Joe Petrowsky  on ActiveRain, reminded me of the wisdom and important lessons contained within this statement.  

      Joe had started the mortgage process with a new client by running the client's credit report.  His client had sought out the services of a credit repair company to help him improve … (16 comments)

credit repair: Is Your Credit Haunted? - 05/06/13 07:10 AM
 
Is Your Credit Haunted?         As a  Mortgage Lender,  one of my most important services is that of credit advisor.  Credit advice (in one form or another, whether it's polishing/improving credit, or repairing it) is needed by clients before, throughout, and even following many transactions. 
      A perfect example of this fact, was the new client I met last Friday.  They were hoping to Refinance their present mortgage to reap alower interest rate and shorter term.   They'd not run a credit report for quite a while, so they had little idea what their current credit scores were.  

(27 comments)

credit repair: Warning: Credit Bureaus Don't Forgive or Forget Quickly! - 04/10/13 02:23 AM
 
Warning:  Credit Bureaus Don't Forgive or Forget Quickly!      
     Today, I am frustrated ...
     And the scenario over which I am so frustrated has now popped-up a few times within a very short time.  

     What's the scenario?

     Multiple new clients have contacted me for financing. Both purchase and/or refinancing assistance has been requested.  Many of these clients have related that they have been contemplating taking action for a quite a while.  Great!  So what's frustrating about all of this?

     A handful of these clients have made late payments … (24 comments)

credit repair: Don't assume. Pick-up the phone, email, text today. Get the facts as they pertain to you and your personal finances. You may just end up a home OWNER ... - 03/01/13 07:47 AM
 
Don't assume.  Pick-up the phone, email, text today. Get the facts as they pertain to YOU and YOUR personal finances. You may just end up a home OWNER ...  
     There are many people presently renting and dreaming of Buying a Home at some point "in the future".  After hearing or reading information or talking to others regarding the housing crisis and mortgage financing, they have come to the conclusion that they just can't buy a home now.  Or anytime soon.

     For some, that's true.  Their conclusion is based on fact.  Fact surrounding their finances … (9 comments)

credit repair: Your Preparation and Planning for Buying a Home Needs to Start Well in Advance of Your Viewing of Homes - 02/07/13 07:51 AM
 
Your Preparation and Planning for Buying a Home Needs to Start Well in Advance of Your Viewing of Homes
 

     One of the biggest mistakes I see potential Home Buyers make occurs right at the very beginning of their  home buying transaction.  Time and time again, I see this same mistake being made.  What is it?
      
    
     They wait too long to have their credit and credit scores checked by a Mortgage Lender ...

      
    
     And why do they wait too long?  Because:

     … (6 comments)

credit repair: Phil Mickelson: What he Teaches us About Credit and Credit Reports - 02/01/13 12:48 AM
 
Phil Mickelson:   What he Teaches us About Credit and Credit Reports  
    
     I'm a fan of golfer  Phil Mickelson.  I'm not alone.  Phil is one of the most popular golfers playing in the  PGA  today.
     Now if you follow golf and Phil Mickelson's play, you know that Phil ... well, Phil can make your head spin.  One day he'll have you shaking your head with his choice of club, his decision-making, or loss of concentration.  Just frustrate the heck out of you.  And the next, he'll blind you with the depth of his remarkable … (12 comments)

credit repair: Credit: Who Needs It? Why is it Important? How do you Establish it? - 01/21/13 11:10 AM
 
 
Credit: Who Needs It?  Why is it Important? How do you Establish it?


     I've been receiving more and more inquiries from young potential Home Buyers as of late.  That's reason for celebration, as I believe now is a great time to enter the housing market.  With home prices still affordable and interest rates so low, there truly is a golden opportunity for young Buyers.
     But with the growing number of young Buyers, I am also seeing a larger number of hopeful clients with what is deemed as  insufficient credit "histories".  That can mean … (30 comments)

credit repair: The Power of your PIN or Password: Wimpy or Mighty? - 09/28/12 12:35 AM
 
The Power of your PIN or Password: Wimpy or Mighty?                 As a  Mortgage Lender, I see and review many credit reports for clients and Referral Partners. And all too often, those reports I'm reviewing exhibit that security breaches or errors have been made on accounts, both banking and credit.         Now sometimes, especially when human error is involved, the problem is easily fixed. In those cases, proof is produced to clear-up the problem ... and/or a Letter of Explanation is provided to the account holder (or credit bureau itself) to rectify the issue. … (29 comments)

credit repair: Hoping to Buy a Home? Juggling some credit? Don't drop the ball. - 08/08/12 06:50 AM
 
 
Hoping to Buy a Home?  Juggling some credit?  Don't drop the ball.                     Juggling some credit?  Credit ... credit scores ... credit cards ... debt?          Knowing how to handle or utilize your credit and debt to your advantage can  seem much like a juggling act.  Lose control of even a portion of it or for a second ... and you can drop all the balls.  Both figuratively speaking and literally.         The topic of credit is obviously one touched-upon often as I speak to my mortgage clients.  Questions arise … (16 comments)

credit repair: How to Best Prepare Your Credit and Financial Position BEFORE Beginning a Home Search, Part 2 ... - 03/01/12 07:29 AM
 
 
How to Best Prepare Your Credit and Financial Position BEFORE Beginning a Home Search Part 2          Yesterday, I wrote Part 1 to this post.  In that portion of this blog, I covered WHY it's important to Plan and Prepare for your home buying/mortgage financing well in advance to actually seeking your mortgage pre-approval or home search.        I also explained and listed what credit/debt, financial documents, and information you will need to gather and then supply to me/your lender when you reach that stage of seeking your mortgage pre-approval.        In this, Part 2 … (18 comments)

credit repair: Don't Trip-Up Your Home Buying Plans This Holiday Season ... Spend and Give Wisely! - 12/14/11 05:10 AM
Don't Trip-Up Your Home Buying Plans This Holiday Season ... Spend and Give Wisely!             "Tis the Season ...       The above words typically refer to the "Holidays" ... joy, love, laughter, family, giving, sharing ... all the meaningful and good things in life.                           But they also can mean ...         Tis the Season of huge sales.  Tis the Season to buy loved-one and friends' gifts.  Tis the Season of massive appliance and car sales.  Tis the Season to charge items.        Tis also the Season that you will hear … (13 comments)

credit repair: You Go to the Gym. You Workout Daily. But How is Your FINANCIAL Fitness?? - 10/10/11 11:48 AM
 
You To to the Gym.  You Work Out Daily.
But How is your FINANCIAL Fitness?
 
 
     During the process of mortgage pre-qualification, many questions get asked.  Among those questions are those pertaining to the applicant's credit and credit scores.  This isn't surprising at all, given the enormous importance credit plays in mortgage lending.
 
     What is surprising to me though, is NOT the number of those applicants that don't know their credit scores.  Nope.  It's the sheer number of those people that think they DO ... and then are totally wrong.  It turns out they truly … (28 comments)

credit repair: Back in My Day ... When I Was Your Age. WAIT! There's alot more .... - 09/30/11 10:18 AM
 
 
          Knock! Knock!             Knock!Knock!       Back in my day ... When I was your age ...          Start a conversation with old sayings like that, and you'll lose a young person's attention quickly.  I know that's how I reacted when I heard them years ago.         And I understand.  Everyone has to learn their own life lessons.  Again, I know I did my fair share of learning the hard way.  Trial and error.  Life's hard knocks.  But still ... there are those times in my past that I wish I had learned a little differently. … (14 comments)

credit repair: Feeling Financial and Credit Stress? Return to Good Health Following These Suggestions ... - 08/07/11 10:55 AM
      Statistics told us, that prior to Christmas of last year, Americans were doing a pretty good job of decreasing their debt, especially on credit cards, plus they were in a savings mode too.        But according to statistics recently released by the Federal Reserve, revolving debt (mostly credit cards) is up 5.1%. It is the biggest increase seen in this type of debt in over 3 years.       That isn't completely bad news, as it signals a loosening of credit to some extent, a return to spending to some degree, and a return to marketing by retailers/businesses. More are actively … (39 comments)

credit repair: The BEST Summer Crop? Potential Home Buyers with Newly-APPROVABLE Credit! - 08/01/11 07:58 AM
 
                          My best Summer crop?  It's Also Good News!                  Potential Home Buyers with Newly-Approvable Credit ...          While going over my databases this last weekend, I unearthed exciting news not only for myself, but for my referral partners too.  I've been tracking the progress of many clients that were in a specific category of potential home buyer ... that being the "near miss" credit category.      What's a "near miss"?      When they first contacted me for mortgage information, these potential homeowners were close to being able to buy a home. They were on the target for loan-approvable credit, but just not a … (15 comments)

credit repair: Today's Credit Equation For a Successful Transaction - 08/29/10 12:46 PM
 
 
     In today's challenging financing world and real estate market, you must make sure you are working with the right professional and possess the right equation to reach a successful conclusion to your real estate transactions.  Whether it be enhancing your credit scores, refinancing, or buying a new home, these main elements remain the same.
     I can't overemphasize the importance of credit to this equation.  Your credit is the foundation on which everything else is built.  Have a poor foundation of credit, and your transaction ...your finances become fragile or crumble completely. 
     Intelligent credit design is all important, so seeking … (9 comments)

 
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi, 708.921.6331 - 40+ yrs experience (NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656) Rainmaker large

Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi

708.921.6331 - 40+ yrs experience

New Lenox, IL

More about me…

NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656

Address: Gene Mundt, Mortgage Originator c/o American Portfolio Mortgage Corp., 318 Alana Drive, New Lenox, IL, 60451

Mobile: (708) 921-6331

Office: (815) 524-2280

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