establishing credit: UltraFICO & Experian Boost ... Good Solutions to Your Credit Challenges? - 06/20/19 04:50 PM
UltraFICO & Experian Boost 
Good Solutions to Your Credit Challenges?
Ever since the announcements regarding the new credit scoring systems "UltraFICO" and "Experian Boost" were made last year (and their subsequent implementation earlier this year), questions regarding their use, legitimacy, accuracy, and abilities have come my way ...  
In most instances, the questions come from those considering home buying or refinancing but suffering from credit scores considered "fringe" or low scores ... either as a result of NO/little credit or credit issues having occurred.  They're looking for answers and fixes for the challenges they face.
And challenges do exist.  While  FICO reports that, for the … (21 comments)

establishing credit: Millennials: How to Establish Credit Quickly and Easily - 06/19/15 06:15 AM
Millennials: How to Establish Credit Quickly and Easily      
     Credit ... Credit Scores ... they're a big issue, no matter someone's age ...    
     But for Millennial-age hopeful home buyers, credit-related issues are of particular interest and importance these days.  I'll add they may be a bit frustrating too ...
     It's been very well-documented:  The job market and financial problems have dogged Millennials.  
     As a result, many have poor credit.  Or have avoided accumulating debt entirely.  They pay cash for every purchase or bill they have.
     Each credit issue presents its own challenge.  Decidedly so when … (49 comments)

establishing credit: 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)

establishing credit: Having THAT Talk With Your Child. It's Time and It's Important. - 09/08/10 06:33 AM

For more information on the Credit Card Act follow this link:        
To contact Gene Mundt regarding a Credit 101 talk with your classrooms or organization, please go to:

establishing credit: You’ve Heard it Before .. The Only Thing You Have to Fear, is Fear Itself. It’s True With Mortgages Too! - 08/18/10 10:26 AM
You've Heard it Before .. The Only Thing You Have to Fear, is Fear Itself.                                                         It's True With Mortgages Too!
     Right now, you can't escape the headlines and deluge of information regarding mortgage interest rates.  The rates themselves are big news ... let alone all the information and controversy swirling about the state of home buying, home buyers, home owners, home lenders, and home builders.
     The other day, I read an article online that related the opinion that the extremely low rates that we are currently experiencing are going to waste.  The jist of the article was that because … (19 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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