home buying: Don't you think I'm sexy??? If Not, You Should - 05/16/19 09:46 AM
 
 
Don't You Think I'm Sexy???
If Not, You Should
 
 
Americans are fascinated with houses.  The internet, advertising, magazine racks, and TV viewing schedules revolve around them.
 
 
No matter whether it's buying, building, repairing, remodeling, decorating, flipping, investing, improving, beautifying ... whew, it's covered in loving detail.  There's a never-ending array and supply of conversation, advice, video, showcases, websites, and instruction surrounding each. 
 
And who can blame people for being so fascinated? 
 
Besides being beautiful, homes or "home" inspire us.  They are fodder for dreams. 
 
They provide us protection and security, both literally and in the financial sense.  They wrap us in a sense of family … (20 comments)

home buying: Mortgage Loan Borrowers Top 5 "Hiccups" & Mistakes - 12/19/18 08:50 AM
 
 
Mortgage Loan Borrowers Top 5 "Hiccups" & Mistakes
 
"Wish Lists" are a hot topic for kids, no matter the time of the year.  Do you know any kid that doesn't have a list of things they're wishing for at the handy?
 
Did you know that Loan Officers often have Wish Lists too?  I can tell you that I most definitely do.
 
 
What's at the top of my LO Wish List? 
 
A smooth-flowing, successful mortgage process for each and every one of my borrowers.
 
Sadly though, hiccups and mistakes happen.  Both the real estate and mortgage process are conducted by humans, so it only follows that issues arise.  And it's also … (19 comments)

home buying: This Message is So Important, it Bears Repeating - 11/15/18 02:17 PM
  This Message is So Important, it Bears Repeating    Home buying is often spoken of as an uphill, stressful challenge ...  

And while it's true that there's much to know and do during the mortgage process ... the following is also true:  
Buyers retain much of the control in determining how quickly and fluidly they navigate the process.
You ask, "how?"     Education and knowledge.     Simply, borrowers that gain a working knowledge of how the mortgage process works and progresses, know what will be expected of them, and stay engaged and utilize that knowledge ... help themselves immensely prior to and throughout their mortgage process.     That knowledge is powerful.  That knowledge helps … (38 comments)

home buying: When You Navigate Your Mortgage Process: WHO are the People That Help You? - 09/13/18 10:36 AM
   When You Navigate Your Mortgage Process: WHO are the People That Help You? You've decided to become a homeowner ...
Congratulations!
For most people, that means it's time for them to:

Seek and Choose a Mortgage Originator Learn about the steps involved in the mortgage process Educate yourself about the other professionals involved in the mortgage process  Learn what real estate professionals you'll need to assist you as you navigate your journey to successful homeownership Educate yourself as to their roles and responsibilities in the process Take action!
The following infographic will help you learn and accomplish that more smoothly ...
It's a roadmap for the mortgage process.  It … (20 comments)

home buying: Mortgage Escrow Accounts: What They Are & The Options You Have - 01/31/18 02:31 PM
 
Mortgage Escrow Accounts:
What They Are & The Options You Have
 
The topic of "borrowing power"  and questions surrounding "how much home I can buy" are raised almost immediately by prospective mortgage clients during our first conversation together ...  
It's understandable and natural.  They're excited and anxious.  That's especially true when the client is a first-time home buyer.   
  
Most are laser-focused.  Their ultimate goal is to find out:  
 
"What's the maximum amount of money I can borrow?"  Or when purchasing, the question is often simply, "What price of home can I view?"  Again, that's understandable.
 
But while that information is certainly a portion of what must be discovered and … (19 comments)

home buying: 1st-Time Home Buyer in Chicagoland? Consider Seller-Paid Closing Costs - 03/04/15 02:29 AM
1st-Time Home Buyer in Chicagoland?
Consider Seller-Paid Closing Costs
 
     Looking out my office window right now, you'd never know that Spring ... and Spring's busier Chicagoland housing market isn't that far off.  Yet, the Spring time change is here ... and warmer temperatures are predicted soon ...     Chicagoland First-time Home Buyers (those that oftentimes are purchasing homes from the low $100K's to the low-$200K's) and anyone else hoping to buy during this upcoming Spring and Summer markets, should be making plans and taking action NOW.  Not waiting until winter snow disappears from the ground and temperatures are rising.      So, if you're … (19 comments)

home buying: A Recipe for Disaster: Entering your Mortgage Transaction "Flying by the Seat of your Pants" - 02/10/14 11:31 PM
 
A Recipe for Disaster: Entering your Mortgage Transaction "Flying by the Seat of your Pants"           Have you ever heard the old saying "flying by the seat of your pants"?  
     I sense that's exactly what some of my potential clients are doing when they first talk to me about buying and financing a home.  It's like the idea of Buying a Home dawned on them in the middle of the night in the middle of some dream. 
     In this day and age of more challenging housing and financing markets, it's not wise to be "flying by … (14 comments)

home buying: An ALERT regarding current volatile Interest Rates and HOW they can effect your transactions - 06/24/13 04:21 AM
 
An ALERT regarding current volatile Interest Rates and HOW they can effect your transactions  
      Last Friday, after an especially volatile couple of days in the market, I sent out an email to my referral agents, brokers, and others regarding what was taking place as it pertained to Interest Rates ... and how a rise in Interest Rates might effect their clients and transactions.
       Here is my email, as it read last Friday (6/21/2013) ...  
 
     Interest Rates are RISING!
     The markets have been especially volatile over the last few days.  Interest Rates, already … (55 comments)

home buying: What Does a Los Angeles Realtor® Do? - 05/14/13 09:50 AM
 
     The housing market in the Chicagoland area (and elsewhere across the U.S.) is finally improving this Spring.  And I've noticed one thing popping up again right along with the warmer weather's flowers.  For Sale signs!  Many of them FSBO's.
     When I ran across Jane Peters'  post  (Power Brokers International), "What Does a Los Angeles Realtor Do?" ...  I thought that the information certainly pertained to potential Home Buyers and Sellers everywhere, not just in Los Angeles ... so I decided to re-post it immediately.
     As a Chicagoland Mortgage Lender, I personally can't imagine trying to navigate a … (3 comments)

home buying: The Field of Forbidden Fruit...The Buyers' Risk of Skipping Pre-Qual - 04/25/13 02:47 AM
    
     I just HAD to re-blog this post of Mona Gersky's (MoonDancer Realty, Sylva, NC) ... it contains such timely, wise advice for today's new home buyers ...
     There are so many potential dangers for buyers (and those re-financing too), should they not speak to a Mortgage Lender well in advance of the time of actually needing their financing. 
     I stress that this timing for contact and Pre-Qualification is especially true for:
First-Time Home Buyers Buyers that have previously suffered through a Short-Sale, Foreclosure, or Bankruptcy Those hoping to buy a Condominium property Those that have not sought … (5 comments)

home buying: How to Choose Your "Super" Mortgage Lender - 02/14/13 05:51 AM
 
How to Choose Your "Super" Mortgage Lender  
     One of the questions I see crop-up often on real estate websites such as  Zillow  and  Trulia  comes from  First-time Home Buyers.  It concerns HOW they should go about looking for and choosing the  Mortgage Lender  for their first home's financing.

     Often, in response to these questions, I see others offering up the name of a lender they know for contact.  And I suppose if that name crops-up multiple times, that does provide at least a starting point from which a home buyer can work.

     … (28 comments)

home buying: WHY Home Buying Transactions Must Begin With Home Buyers Getting Pre-Qualified! - 02/13/13 06:52 AM
 
WHY Home Buying Transactions Must Begin With Home Buyers Getting Pre-Qualified!  


     I can write and write all day, but until a potential home buyer truly understands WHY and WHERE their home buying transaction must begin, those words can do little.
     

     
     Simply put, until a potential home buyer discovers IF they can buy (based upon their verifiable income and credit scores), how do they even know WHERE to start their home search?  Or WHAT homes they can (or should) be viewing?   

     
     To borrow a couple old … (12 comments)

home buying: Jumbos are Back! - 11/17/12 05:25 AM
 
Jumbos are Back!  
 
     Chicagoland has many areas within it that traditionally can support the use of Jumbo Mortgages ... those mortgages that are higher dollar amounts than the norm or average that exceed allowable limits for "conforming" loans , eligible for placement with Fannie Mae/Freddie Mac.
 
       With many of the housing markets in Chicagoland, and across the nation, now experiencing a resurgence in sale prices, the interest in  Jumbo Mortgage  products is returning.  Both clients and agents alike are  contacting me  for information about availability of this type of financing ... and about … (8 comments)

home buying: For today's Borrowers, it's all about finding a mortgage solution and mortgage package that's a personal and custom fit for their specific goals and needs. Both in the short and long term ... - 11/13/12 05:22 AM
  For today's Borrowers, it's all about finding a mortgage solution
and mortgage package that's a personal and custom fit
for their specific goals and needs.  Both in the short and long term ...
 
 
             Ever hear the sayings ....
                
     The whole is equal to the sum of the parts?   
      or ...         The whole is greater than the sum of the parts?                  
     Both come from a theory of   Professor Albert Einstein's.  And in them, I believe you … (8 comments)

home buying: Being Completely Unprepared Won't Cut It In this Market - 10/31/12 03:14 AM
     I thought this post of  Nathan Tutus',  Tutas Towne Realty, Inc., Poinciana, FL,  just went so perfectly hand-in-hand with my own latest post.  (Listen ... Educate ... and Ask Questions the entire way.  It's for your own good!)
     Both posts speak of the absolutely critical need for new Home Buyers/Borrowers to be educated, prepared for, and thoroughly engaged in their Home Buying transaction and Mortgage Process.  The success of their transaction and Mortgage Closing depends on it.
     I hope those considering a home purchase and financing will take the time to read Nathan Tutus' eloquently written post ... … (2 comments)

home buying: Listen ... Educate ... and Ask Questions the entire way. It's for your own good! - 10/30/12 07:55 AM
 
 
Listen ... Educate ... and Ask Questions the entire way.  It's for your own good!  
        You, like me, have probably been reading about the upsurge in home sales and rise in demand for home mortgages.  All good news, right?     Well, it seems yes ... and no.     NBC News  just yesterday,  released an article  speaking to this very issue.   Seems that yes, demand for new mortgages is growing.  But banks are not handling the rise in business very well.  And because of this, the new  Federal Reserve's stimulus plan  is in jeopardy.  Or … (13 comments)

home buying: Don't listen to the noise or static around you. Make wise CHOICES based upon the facts contained within YOUR personal mortgage financing scenario ... - 10/29/12 06:08 AM
 
 
Don't listen to the noise or static around you.  
 
Make wise CHOICES based upon the facts contained within
YOUR personal mortgage financing scenario ...  

      Choices ...

                       They exist in every walk of life.  They come in big and small sizes, with big and small consequences.  And they arrive on your doorstep during almost every second of your day.             While Home Buying, you most certainly confront many CHOICES throughout your mortgage financing process.  From beginning to end, you are asked to … (6 comments)

home buying: The Not So Simple Task of Quoting Interest Rates - 08/21/12 03:01 AM
 
 
The Not So Simple Task of Quoting Interest Rates                     I liken Interest Rates to onions in more than a couple of ways.  Much like onions, Interest Rates have "layers".  In today's mortgage financing, a  Mortgage Lender  must weigh all the facts and peel away "layers" of information and data to find and reveal the answers to your  Interest Rate questions.         And right now with Interest Rates being at historic lows (but rising at the time of this writing), the more  you can peel away and sift through those layers of … (26 comments)

home buying: Don't be a Self-Diagnosing Doctor or Armchair Quarterback When Buying and Financing Your Home - 07/27/12 02:57 AM
 
 
Don't be a Self-Diagnosing Doctor or Armchair Quarterback When Buying and Financing Your Home                     Hard to believe in this record-setting summer of intense heat, but yep ... NFL football camps are already back in session or starting soon.         Football came to mind when reading  Carla Muss-Jacobs', (EBA Portland),  recent re-blogging of an excellent post written by  Debe Maxwell,  (iCharlotteRealEstate.com Savvy + Company Real Estate), entitled,  "WebMD, Can You Teach Me How to Perform My Own Tonsillectomy?"  (Two of my very favorite real estate bloggers on  ActiveRain.)       The … (26 comments)

home buying: Winds of Change are Blowing Again Regarding Mortgage Insurance - 07/05/12 05:05 AM
 
 
Winds of Change are Blowing Again Regarding Mortgage Insurance                               Winds of change are constantly blowing through the Real Estate Financing business ...               At least the latest, and new notice regarding the costs of mortgage insurance  is "at our backs" instead of a head-wind.         We all know that  FHA  has been forced to bump-up the cost of mortgage insurance recently.  As a result, we've seen a surge of 95%  Loan-to-Value  (5% Down Payment)  Conventional Financing  deals come our way.         Now we are hearing that … (18 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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