Sometimes the Message IS Obvious and the Time to Buy IS Right ...

By
Mortgage and Lending with NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 IL Lic 031.0006220/WI

 

     In a recent blog, "My Best Summer Crop?  Potential Home Buyers with Newly-Approvable Credit", I wrote ...

     "So while some others, perhaps more immediately credit-worthy future home buyers, were eyeing-up the market ... playing the waiting game ... hoping that prices would drop further ... playing Russian-roulette with interest rates ... these "near miss" buying hopefuls were making pro-active strides to get their credit spruced-up and raise their credit scores".
 
     Fence-sitting potential home buyers.  Is that you?
 
     Fence-sitting potential home buyers.  If you're a real estate professional, do you recognize the description and have a few within your database?   I know I do ... and I constantly search for ways to address the concerns that so many fence-sitters have.
 
     But we lenders and real estate agents can blog, preach, explain, supply statistics and facts until we're blue in the face ... but currently, many potential home buyers are NOT listening.  Others, though listening, appear afraid and unable to take that leap "off the fence".
 
     I personally have written multiple blogs addressing the COSTof waiting to buy a home in the current market.  I've supported my blogs and opinions with actual facts and figures.  Showcased math and equations to back the advice up.  I believe they prove that it is wise to buy now or soon ... should you WANT to buy (and have the financial and credit ability to do so)
 
     I try to motivate home buyers that have fears and are experiencing confusion about today's housing market and mortgage lending to  ASK QUESTIONS.  Urge them to dip their toes in the proverbial educational water, at minimum.  Still, there are so very many potential home buyers that don't.   That remain confused.
 
     The whole situation reminds me of a scene in one of my favorite movies, "The Jerk", starring Steve Martin.  Maybe you've seen it ... but in the scene, Martin plays a gas attendant.  (Remember those?)  As he's standing next to a rack of cans, they start to explode and leak.  The reason for the "exploding and leaking" cans is OBVIOUS to others, but he doesn't .. and can't .. seem to grasp the why of it.
 
THESE CANS ARE DEFECTIVE !!!!
1979 THE JERK, PHONEBOOK SNIPER
 
    
 
     Do you also see the similarities in the situations of which I speak?
 
     Of course, everything eventually works out positively for "The Jerk".  But financially ... will it play out as well for potential home buyers that currently "sit on the fence"?  Or will they miss out on a window of opportunity?
 
     Hopefully the pro-active decision is made to seek further education regarding the home buying and mortgage process,  personal financial and credit status, and also the realities of buying a home within the present market. 
 
     I know I hope to hear from all potential home buyers that choose to do so.
 
 
 
     *  Should you have questions concerning your ability to buy a home in Illinois, Chicagoland, or across the country, regarding your credit status, or be in need of mortgage advice or service ... please contact me.  I will be happy to work with you, answer your questions, and fulfill your lending needs.  I can be found at:
Direct:  815.277.4036     Cell/Text:  708.921.6331     Email: gene@chicagobancorp.com
Website: http://www.genemundt.com/     Skype:  630.219.1316
Posted by

  

 Twitter Account of Gene Mundt, Mortgage Lender   LinkedIn Account of Gene Mundt, Mortgage Lender   Facebook Acct. of Gene Mundt, Mortgage Lender   Pinterest Acct. of Gene Mundt, Mortgage Lender   

Gene's Chicagoland Blog/Gene Mundt, Mortgage Lender   

 

  

 

 

Gene Mundt

 Mortgage Originator  -  NMLS #216987    

                                 IL Lic. #031.0006220  -  WI License #216987                                                                                                    

NMLS #175656

 

Gene Mundt, Mortgage Originator,  40+ years of #mortgage experience, will offer you exemplary mortgage service and advice when seeking:  #Conventional, #FHA, #VA, #Jumbo, #USDA, and Portfolio Loans in #Chicago and the greater Chicagoland region, including:  The #Lincoln-Way Area, #Will County, (#New Lenox, #Frankfort, #Mokena, #Manhattan, #Joliet, #Shorewood, #Crest Hill, #Plainfield, #Bolingbrook, #Romeoville, #Naperville, #Wilmington, #Peotone, etc.), #DuPage County, the City of Chicago, #Cook County, and elsewhere within IL and Wisconsin. 

 

Your Referrals & Testimonials are Always Greatly Appreciated! 

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
Illinois Dupage County
Groups:
Home & Credit Savvy
Chicago Area Real Estate BUZZ!
1st Time Buyers
Consumer Mortgage Tips
"Whacked"!!!
Tags:
credit
selling a home
home buying
mortgage lender
questions
mortgage processing
when to buy a home
home buying decisions

Spam prevention
Show All Comments
Rainer
366,437
John Michailidis
Real Property Management of Sarasota & Manatee - Sarasota, FL
Real Property Management of Sarasota & M

An interesting post that I enjoyed reading! Thank you for sharing it!

Aug 02, 2011 02:49 PM #1
Rainmaker
1,240,821
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

Thank you!  Glad that you enjoyed the post .. and hopefully the message ...

Gene

Aug 02, 2011 03:59 PM #2
Rainmaker
158,936
Deborah "Dee Dee" Garvin
C2 Financial - San Diego, CA
C2 Financial

Gene, I am currently doing a purchase with a person I preapproved over a year ago...buyers today lend new meaning to the word procrastination.  I had to cajol my daughter in law into doing a "no cost" refinance to lower ther interest rate and save over a $100 bucks a month (that can be used to spoil my Grandchildren).  It is a weird market... where financial relevancy is over shadowed by media hype. I am not a sales person as much as an educator...open up and look at the numbers and evaluate.  That is all I ask.

Aug 02, 2011 05:07 PM #3
Rainmaker
1,240,821
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

I see the same thing, Deborah.  Larger savings being passed by because of paralyzed home owners ... and people that desparately WANT to buy a home sitting on the sidelines.  Personally, I think the media needs to be held accountable for their negativity.  It contributes to much.  But how do we combat this?  How do we get a potential home owner (or present) to open their mind?  Give it all a chance?  It's sure an uphill struggle ...

Gene 

Aug 03, 2011 02:42 AM #4
Rainmaker
1,560,731
Carla Muss-Jacobs, RETIRED
RETIRED / State License is Inactive - Portland, OR

Quite a few people aren't getting it and think the cans are under attack!  LOL  Seeing events play out, but not having a clue as to the reality of the situation.  Good analogy Gene  (P.S.  The Jerk is one of my favorites too!)

Aug 03, 2011 08:03 AM #5
Rainmaker
1,240,821
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

Carla!  I KNEW I liked you!!  Great minds running in the same direction and on the same path!!

Gene

Aug 03, 2011 10:43 AM #6
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
1,240,821

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

708.921.6331 - 40+ yrs experience
Contact Me For Mortgage Answers, Info & Assistance:
*
*
*
*
Spam prevention

Additional Information