What are the Odds? You might be surprised ...

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




What are the Odds?
You might be surprised ...

      Years ago, our youngest son, John, worked as a caddy at the  Olympia Fields Country Club located in  Olympia Fields, IL.

Make solid Contact today!  Contact Gene Mundt, Mortgage Lender
      One day, John is serving as a  Fore Caddy  during a round at Olympia.  Out of nowhere, from somewhere in the middle of the course, comes this streaming shot that literally lands on his head.   Not pretty, let me tell you.

      John had already made a few quick trips to the doctor's office and Emergency Ward at the hospital during his short lifetime. All fairly typical little boy injuries. And we had taken them all somewhat in stride. But this little incident? It didn't even seem real ... or possible!
     Now typically when his mom or I relate this story to someone, we get 2 reactions. The first is, "You're kidding!" And the second is, "What are the odds?"
      Believe me. We did do some research about those "odds" AFTER this happened. But the only real answer we found reported that the chances of being "hit" on the golf course were somewhere between .001 and .01%. In other words, very small. But there our John was. Beating the "odds" and now sporting 7 stitches right smack down the middle of the top of his head.
      Now ... you're probably wondering just WHY I'm telling you this story? Where is it going? And what does it have to do with  mortgages  or real estate?
      I'm relating this story to prove a point about mortgage financing and buying a home. I believe knowing the story about my son's getting hit by a golf ball, including the "odds" of that occurring, can help better prepare you for both ... but also serve as somewhat of a warning.
      Truth is, accidents and mistakes DO happen. My son still carries the proof and reminder of that on his head.

No Need to Panic!  Work with a Professional.  Contact Gene Mundt, Mortgage Lender       And it's also true that they can occur when everything possible has been possible to prevent them.  They occur when everything has been planned-out, prepared for, and done correctly. Just as they had on the day John's little golf ball accident occurred.

      Everything was running smoothly that day,  right up to his getting "hit".  All golfers were following golf course etiquette. The course was being played properly. The caddies were all in the correct positions and locations. Things just happened so quickly, that there was no stopping that little white ball from finding John's head. It's why it was called an accident.
      #*$! happens ... even when the likelihood of it happening is only .001 to .01%.
      The same goes for buying a home and mortgage processing. Everyone ... professionals and clients alike ... can be doing exactly what they're supposed to be doing. And #*$! can still happen. Especially true in the current housing market ... especially true in today's challenging mortgage process.

     My advice for you should it occur during your transaction?   Handle it like they do in an Emergency Ward ...
  •    Assess the injury or problem
  •    Take action to repair it
  •    Move on to the healing process
  •    Celebrate the re-newed health and the skills it took to restore it.


      A problem or an "accident" doesn't have to mean the end of your home buying or mortgage transaction.   Just like John's head, most problems and issues that arise can be mended.
     The real question should be ... "How do you better your "odds" of success when buying a home or seeking mortgage financing?"
      The answer is ... no professional or transaction will be perfect 100% of the time. But by seeking, then working with experienced, knowledgeable mortgage lenders and real estate professionals ... you dramatically increase the "odds" in your favor. Because then ... even if problems or "accidents" occur, "odds" are, they know how to address them, heal them, and return your transaction to health.

      Put the "odds" strongly in your favor when financing and buying your home. Work with experienced, knowledgeable  mortgage  and real estate professionals ...

        * Fore! ... excellent, experienced, and knowledgeable mortgage advice and service, please  contact me.   I'll put my 35+ years of mortgage experience to work on your behalf. I can be found at any of the following:
Cell/Text: 708.921.6331
Email:  genemundt
Skype: 630.219.1316
Mobile:  m.genemundt.com

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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. 


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Rob Lang
At Home Kansas Team Powered by Keller Williams Partners Inc / www.AskRobLang.com - Lawrence, KS
Local Expert in Lawrence Kansas Real Estate Homes

Your son was left with a story to tell.  We as realtors do have to be prepared for "stray balls flying towards our heads!"

Jul 14, 2012 12:41 PM #1
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Gene, Very nice analogy and post. You hit the ball nail right on the head.

Jul 14, 2012 12:42 PM #2
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

Rob:  All of us in the real estate industry have to have pretty quick reflexes these days.  It gets pretty ugly, if we don't!

Thanks, Debbie!  Glad you enjoyed it .. and saw some merit in the story ...


Jul 14, 2012 12:46 PM #3
Teral McDowell
Referral Patners LLC - Murphy, TX

I almost I know only counts in horse shoes and hand grenades found myself in that same position with a softball. And what did I do - I froze and called upon the only expert I know who could help at that moment. As you shared with us having a knowledgeable professional on your side is like a hole in one - almost. I would recommend Gene Mundt to any Chicagoland home buyer.

Jul 14, 2012 12:50 PM #4
Debbie Gartner
The Flooring Girl - White Plains, NY
The Flooring Girl & Blog Stylist -Dynamo Marketers

Great story and wonderful analogy.  I love this.  And, the more you do to prepare and work the right people, the safer you are.

Jul 14, 2012 12:55 PM #5
Andrea Bedard
Thompson Company, REALTORS® - Silver Spring, MD
M.A.; REALTOR® Silver Spring, MD and beyond

Hi Gene, how is this not a featured post? Wonderful story, although I'm sorry to hear your son had to beat those odds. As a military spouse we live by "prepare for the worst and hope for the best" and I carry that over to my business. Stuff happens - especially when you least expect it. And when it does happen, panic will accomplish nothing - assess the problem and work on a solution.

Jul 14, 2012 01:25 PM #6
Nancy Conner
Olympia, WA
Olympia/Thurston County WA
This is great Gene! Since having something go wrong or be unexpected is almost the norm these days, improving the odds of success by working with experienced pros like you is more important than ever.
Jul 14, 2012 02:06 PM #7
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

Gene, unfortunately, I think the odds of something going haywire with a mortgage ro home purchase transaction are a lot greater than getting whacked in the head by a golf ball!  I'm so glad your son is alright.

Jul 14, 2012 02:06 PM #8
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

My compliment on your post. I start in the mortgage business in the 70's so I know what you are talking about. The analogy is sure understandable, but the odds of stuff going wrong with a mortgage today is much, much greater. Fortunately when we explain that the possibilities of what can go wrong and they knowing that we will work through all issues, makes the process easier for the client to handle.

Jul 14, 2012 08:02 PM #9
Liz and Bill Spear
RE/MAX Elite 513.520.5305 www.LizTour.com - Mason, OH
RE/MAX Elite Warren County OH (Cincinnati/Dayton)

Gene, Great story!  Things do happen, and we've got to react properly and not let it become a crisis.

Jul 14, 2012 11:01 PM #10
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

Teral:  Terrific analogy ... "hole in one" using we, professionals!  Love it ... and you might see it in a future post too ...

Debbie:  Definitely appropriate, no matter who you are working with ... or the work you are having done.  Choose wisely, is a good motto ...

Andrea:  Love your motto.  Expresses the situation and the mindset that is needed, so perfectly.  Appreciate you commenting ... thank you ..

Nancy:  What you say is true .. unfortunately.  And that can be so frustrating!  But having a pro with experience at your side helps.  You're so right about that ...

Patricia:  I'm in the mortgage business ... and I hear ya!  It's like having to walk through a mine field, getting loans closed these days.  And that, after 35 years of practice!  And thanks.  John is fine, but sports a pretty good permanent hair part!

Joe:  Sounds like you and I got started in this business about the very same time!  Imagine the stories we could compare ...  I'll buy the first round, when we do ...

BLiz:  Hard to panic anymore.  We're almost expecting the odd requests and issues popping up.  The old "panic situation" has turned into the norm ...



Jul 15, 2012 02:26 AM #11
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

Hi, Gene!  I included this post in Last Week's Favorites.  Have a great week.

Jul 15, 2012 03:17 AM #12
Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Cute story and great point.  Stuff does happen in life, even when the odds are against it.  I'm dealing with a slew of situations that the odds were totally against.  Two A/C units out, my washing machine crapped out, my landscape lights are out and so is the surge protector to my very important office equipment.  New equipment wasn't in the budget, but we're managing to fix it all.  

Jul 15, 2012 05:23 AM #13
Evelyn Kennedy
Alain Pinel Realtors - Alameda, CA
Alameda, Real Estate, Alameda, CA
Gene: Your post should be required reading for ALL of us, we should copy and read it every day. Anything and everything can happen during a transaction. We just need to take stock of the problem devise a way to over come the problem and move on. No hysteria, no drama.
Jul 15, 2012 08:59 AM #14
Doug Bullwinkel
Envoy Mortgage, NMLS 6666 - Roseville, CA
Mortgage Loan Originator NMLS #281609

I really hope your son will be OK and that there are no complications from this "long shot".  We all have to hope for the best and prepare for the worst.  Thanks for the post.

Jul 15, 2012 11:13 AM #15
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

Patricia:  Thank you so much ... you're a doll!

Chris Ann:  Whew!  Some week you're having!  Chin up!  Hope all works out well ...

Evelyn:  No doubt about it!  We don't have the luxury of wallowing in the problems.  Get them fixed and move on!  Thanks for your kind comment ...

Doug:  John's okay.  Made for a cute story ... and he enjoyed the short-lived notariety of it all.  And you're right.  No one likes to suffer problems.  But you have to be able to get through them ...


Jul 15, 2012 11:59 AM #16
Maureen Bray Portland OR Home Stager ~ Room Solutions Staging
Room Solutions Staging, Portland OR - Portland, OR
"Staging that Sells Portland Homes"

Hi Gene ~ I'm glad that John recovered from this "accident" and kept his noggin intact.  My mother was also hit by a fast-moving ball, on the Pebble Beach golf course.  She took it in stride and kept a more vigilant watch after that!

We all have to be prepared for the unexpected ... including during a real estate transaction, where anything can go upside down in a heartbeat!

Jul 15, 2012 12:34 PM #17
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

My dad a lifelong participant in IL golf courses, has many a story about people getting bonked on the head. You are right - what are the chances?  You have to do the best you can & prepare as best you can for a successful outcome. Then be flexible enough to get hit on the head a couple of times!

Fore a great mortgage round, call Gene!

Jul 15, 2012 11:37 PM #18
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

Yep, Maureen ... his "noggin" is in good shape!  And I'm almost jealous of your mom ... getting hit by a ball on PEBBLE BEACH???  Definitely worth it, just to get on the course!

Thanks, Lyn!  And I like the analogy between getting hit on the head and mortgage financing .. lol.  I'm sure I have a few scars if you look close.  And did you learn any love of golf from your dad??  I knew I liked you!!!  You obviously come from intelligent stock ...


Jul 16, 2012 01:27 AM #19
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