Your Tax Refund can Help You Become a Will County Home Buyer

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

Your Tax Refund Can Help

You Become a Will County Home Buyer


Last week, the Internal Revenue Service (IRSannounced it had started accepting 2016 Income Tax Returns for processing ...

If you're one of those estimating you'll receive a refund on your taxes ... and you dream of buying a Chicagoland home in the future ... now is the perfect time to:

  • Get Started 
  • Contact Me  
  • Ask your financing questions 
  • Discover what options you have to borrow and buy 
  • Position yourself for the mortgage best suited to your needs

The refund money you receive can be extremely helpful in buying a home.  A common use for the refund money is to use it as a downpayment on a home.

There is good news for those hoping to do just that, as there are presently many mortgage options available for hopeful homebuyers to consider.  Those include many that require only small down payments.  (It's a myth that you need 20% down to buy a home.)  

The following are examples of mortgage options that are available (when qualified) to Chicagoland area home buyers/borrowers with smaller/no down payments saved: 


  • 3.5% Down Payment FHA loans 
  • 0% Down Payment VA loans (Qualified Veterans) 
  • 3% Down Payment Conventional loans 
  • 0% Down Payment USDA loans (Eligible Applicants – Eligible Locations) 

Also keep in mind:  Many states and local municipalities have grants or resources available for Borrowers in need of Down Payment Funds.

But it's also true that your tax refund can help you qualify for mortgage financing (that's where I come in) ... or simply put you in a better place financially after you've purchased. 

During your mortgage analysis:


I'll help you find the best and wisest use for your refund monies.  And where their expenditure makes most sense and positions you best to qualify for the mortgage needed at the time of purchase.

However:  We may find that it's most advantageous for you to think "outside the downpayment box" with your tax refund.  Your monies may be best spent:

  • Paying down some credit cards, which in turn will raise your credit scores
  • Growing your "Reserve Funds
  • Paying your Closing Costs
  • To pay off a smaller loan (car loan, etc.)
  • To pay off a Collection
  • As Earnest Money towards your purchase
  • To eliminate Private Mortgage Insurance
  • More ...
 Get the Info you Need .. Be Prepared!


Just as coaches and players must have a "game plan", plan ahead to position players on a field, and to successfully play and win games ... so must hopeful home buyers plan and position themselves for success when buying and financing a home.

Fact is, until you and I analyze your present financial position and your future financial goals, you won't have a game plan.  You won't know how to use your tax refund most advantageously ... or most easily reach your home buying goals.  

Another reason that tax refund time is the perfect time for us to talk?  It revolves around the documentation that is required when getting a loan. 

Mortgage Lenders need to view tax returns (latest 2 years), W-2's, and more in order to pre-qualify you for a loan and to assist you in a mortgage application.  At tax filing time, you'll simply have the numbers and documents from your accounts and tax filing fresh in your mind, at your fingertips, and readily accessible.  

For those that might find this portion of the financing process a challenge, tax refund time is a godsend.  It makes it "easy breezy", as they say.

Even if you're thinking that buying a home is a year out or more, it makes sense for us to have a preliminary talk now.  You'll have a better understanding of your present credit standing and finances.  

Plus, you'll move forward with a more clear plan in mind.  A plan that will help you eliminate any present financial or credit issues that may exist ... and place you in a much better position as you grow closer to mortgage application.  

Receiving a tax refund?  Is Chicagoland home buying in your future?  Let's talk ...

(Remember:  You have until Tuesday, April 18, 2017, to file 2016 returns and pay any taxes due.)

 Contact Me!

* Hoping to Buy or Refinance a Home in New Lenox, Will County, or elsewhere in the Chicagoland area? Contact me! I'll put my 40+ years of Mortgage experience and expertise hard to work on your behalf.
     I'm easily found at:

Gene Mundt
Mortgage Originator - nmls #216987 - IL Lic. 031.0006220 - WI Licensed
American Portfolio Mortgage Corp.
nmls #175656
Direct: 815.524.2280
Cell or Text: 708.921.6331
eFax: 815.524.2281
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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. 


Your Referrals & Testimonials are Always Greatly Appreciated! 




Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Charita Cadenhead 01/31/2017 10:23 AM
Home Buying
Illinois Will County New Lenox
Chicago Area Real Estate BUZZ!
Consumer Mortgage Tips
mortgage programs
mortgage advice
tax refunds
chicagoland home buying
will county home buying
low downpayment loan programs
preparing and planning to buy a home

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Ron Marshall
Marshall Enterprises - Saint Michael, MN
Birdhouse Builder Extraordinaire

Great idea, Gene.  I am not sure that my "refund" would be enough, but there are people who could really use their refunds for some serious downpayment money.  

Jan 30, 2017 02:49 PM #1
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

A great plan Gene. You are planting a seed that can really help people.

Jan 30, 2017 07:51 PM #2
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Tax refunds are an excellent source for downpayments on a new home. You did a fine job on this post, Gene.

Jan 30, 2017 08:57 PM #3
Charita Cadenhead
Keller Williams Realty - Birmingham, AL
Serving Jefferson and Shelby Counties (Alabama)

Gene this is a great topic for a blog post. Thanks a million for getting my juices flowing.  I'm reblogging, but I think I'll write a similar post for my personal blog as well.  You're the best.

Jan 31, 2017 10:22 AM #4
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

I'm hoping that the current situation can help me get a nice return. Good luck to everyone!

Feb 02, 2017 11:23 PM #5
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Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi

708.921.6331 - 40+ yrs experience
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