homeowners insurance: What Insurance Protections Might be Needed During Mortgage Financing? - 12/30/19 09:03 AM
 What Insurance Protections Might Be Needed During Mortgage Financing?  The buying and financing of a home can seem like a pretty detailed and confusing process at times.  As a result, it's vitally important that new buyers and those refinancing thoroughly understand the process they're entering and being asked to navigate prior to making decisions. As a Mortgage Lender, I've found that some of my clients are confused regarding different forms of insurance that they may be required to secure and hold while obtaining their financing.  
The following is the information I share with my clients in  Chicagoland - IL/WI to assist them with their mortgage and insurance … (14 comments)

homeowners insurance: Avoiding a Homeowners Insurance Disaster When You Apply for a Mortgage - 03/14/17 12:17 PM
Avoiding a Homeowners Insurance Disaster
When You Apply for a Mortgage
When buying and financing a home, prospective Borrowers are required to produce a variety of documentation  and information to their Lender at the time of application and prior to the Closing of their loan.  In almost all cases, Homeowners Insurance is included within that documentation requirement.  
What service does Homeowners Insurance provide? Why is that service so important?
Homeowners Insurance policies offer multiple types of protection and coverage to an insured borrower/home owner.  Those include:

Coverage on the STRUCTURE of the home For PERSONAL BELONGINGS LIABILITY protection LIVING EXPENSES, should the homeowner be displaced … (24 comments)

homeowners insurance: Homeowners Ins. Importance 2 Mortgage Pre-Approval/Application/Closing - 03/31/14 05:00 AM
Homeowners Insurance Importance to Mortgage Pre-Approval, Application & Closing  
     After you've signed your Real Estate Contract and you've agreed to purchase a home, there's still work for you to do as a Buyer and Borrower ...  

     Typically a Real Estate Contract reads that Home Buyers must make Mortgage Application within 5 business days after signing the Contract.  During the Mortgage Application (and even before) I, as your Mortgage Lender, will advise you to begin shopping for your Homeowner's Insurance.  
     For the Pre-Approval, and even at the time of Mortgage Application, I'm using an ESTIMATED dollar … (15 comments)

homeowners insurance: The Importance of Homeowners Insurance in the Mortgage Process - 01/27/14 10:49 AM
The Importance of Homeowners Insurance
in the Mortgage Process
    Once they've signed a Contract for the purchase of their new Will County or Chicagoland home, I urge all my Borrowers to actively begin their search for Homeowners Insurance.             Getting comparison quotes is a great idea when shopping for Homeowners Insurance.  Making a decision to secure a policy, no later than a week to 10 days prior to Mortgage Closing, is especially important.  Waiting too long can cause issues and hold-ups with Underwriting and Closings.        Once a decision regarding Homeowners Insurance has been made, … (22 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

Email Me




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