The Language of Mortgage ...
What You Need to Know
Possessing a knowledge and understanding of the terminology you will use while seeking and securing a mortgage loan is immensely important ...
Being familiar with the words heard and used also makes the process flow more fluidly and easily for both Borrower (and Lender). Because there are so many things to consider, weigh, and decide upon during even the simplest mortgage process ... owning even the most basic grasp of the words heard and used help alleviate confusion and stress for Borrowers, especially first-timers.
To help my clients navigate their mortgage process more easily and confidently, I always try to explain and educate regarding the "language of Mortgage". The video I created and provided here will help me do so more easily moving forward.
While my simple video doesn't cover every word/term used during every mortgage process, it covers those words seen and heard most often in the majority of clients' experience.
It's my opinion that no one should enter into the mortgage process without possessing an understanding of these basics terms. Borrowers should always familiarize themselves with the "language of Mortgage". It's an insurance policy of sorts.
Watch the following video ... then have a conversation with me or your own local Loan Officer. Make sure you ask questions and request clarification of any terms (or other info) that you don't thoroughly understand before proceeding.
Feel free to share this video with others entering the mortgage and home buying process ...
And again: Do not hesitate to reach out to me or your LO for more information and answers concerning mortgages, credit, mortgage terminology, or more. It's imperative that you feel comfortable and secure as you enter and navigate your mortgage process.
Contact Me! I'll put my 40 years of mortgage experience and expertise hard to work on your behalf.
I'm easily found at:
Mortgage Originator - NMLS #216987 - IL Lic. #031.0006220 - WI Lic. #216987
American Portfolio Mortgage Corp.
Mortgage Originator - NMLS #216987
IL Lic. #031.0006220 - WI License #216987
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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