homebuying advice: Student Loan Debt Solution Found via Fannie Mae's "Student Loan Cash-Out Refinance" - 12/12/18 01:04 PM
Student Loan Debt Solution Found via Fannie Mae's "Student Loan Cash-Out Refinance"   Mounting Student Loan debt has become a huge concern ...  This is true not only for individuals carrying student loan, but for GSE's (Government Sponsored Enterprises) like Fannie Mae that oversees and ensure mortgage liquidity and guidelines to Banks, Lenders, and Mortgage Providers.   
In a previous post, I noted that Fannie Mae had revised guidelines as they pertain to treatment of Student Loan Debt when applying for loan.  Those changes were favorable for Home Buyers carrying student loan debt, as they allowed Mortgage Underwriters some flexibility in examining and allocating for student loans. 
This new more relaxed … (15 comments)

homebuying advice: Becoming a First-Time Home Buyer: How & Where to Begin - 04/24/18 02:30 PM
Becoming a First-Time Home Buyer:
How & Where to Begin
You've made the big decision ... 
You've decided to buy a home!
Now what?  Where do you begin?
Begin by focusing on your future mortgage needs ...
So ... you've heard that securing a mortgage and financing a home can be challenging?  
The mortgage process can seem a bit daunting to some First-Time Home Buyers.  But I'm here to tell you, it doesn't have to be that way.  Your home buying dream can become a reality if you prepare yourself and devise a plan, and then stick to that plan.  
Here's how and where to start ...
It's always a wise first step to thoroughly educate and … (31 comments)

homebuying advice: Do You Really REALLY Love that Home?? - 03/13/18 03:10 PM
Do You Really REALLY Love that Home?
A statement I often hear from my new mortgage clients is ... 

"I found a house!  I just love it!"

I think that's exactly what you should hear from clients searching for a home.  A home that will house their life ... and probably represents the single-most expensive expenditure they've made in their lives.  And as their Loan Officer, it's certainly something I want them to feel and experience.  

But I also know moving forward, that the intense emotional connection they have towards the home they love and want typically serves as a positive motivating factor during their mortgage process.  Clients "in love" with … (35 comments)

homebuying advice: From Santa's Helper ... to Successful Home Buyer - Borrower - 10/25/16 07:05 AM
          My Mother-in-law, Pauline was a super "Santa's Helper".  In fact, I think she just may have authored the Elves' training manual for Santa ...
     All holidays were never too far from her mind. Never too far off on the calendar for her to be thinking and planning for them.  
     Whether it was meals, gifts, preparing her home, or family and friends gathering, she was busy like a buzzing bee.  But Christmas?  That was special ... her favorite ... and she pulled out all the stops.
     As a farmer's wife and a child of the Depression, she had learned to … (8 comments)

homebuying advice: Keeping Your Current Home While Buying Another: New Guidelines Apply - 10/21/15 05:03 AM
Keeping Your Current Home While Buying Another:  
New Guidelines Apply 
     In recent weeks, there has been some very good news in home financing for homeowners that choose to retain their primary home (or can't sell because they're underwater) while pursuing the purchase and financing of a new home ...
     Underwriting Guidelines that play a predominant role in the financing of these types of purchases have now been relaxed.  New Guidelines now allow a more manageable level of funds (less than before) be required to buy and close on these new homes.
     The housing decline that took place between 2008 … (65 comments)

homebuying advice: Homebuying & Mortgages: What Should be Learned - 08/15/15 05:47 AM
Homebuying & Mortgages:What Should be Learned
The summer has slipped away quickly.  And schools are already back in session or will be soon ...  
     It makes it the perfect time to talk about the value of "learning", specifically within the financing process.  Both from the homebuyer's perspective and the Mortgage Lender's.  
     Because basically, that's what much of it is.   Learning ...
     I know that this learning portion comes under fire fairly frequently these days. Many think there's way too many questions asked and too much info required.
     But I think that's giving it somewhat of a bum … (7 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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