The Language of Mortgage ... What You Need to Know

Reblogger Roy Kelley
Real Estate Agent with Realty Group Referrals 16766

Featured Image

 

 

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.

 

 

*  Are you hoping to buy or refinance a home or Investment Property in New Lenox, Will County, or elsewhere in Chicagoland - IL - WI?

 

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 Lic. #216987

 

American Portfolio Mortgage Corp.

 

NMLS #175656

 

Direct: 815.524.2280

Cell/Text: 708.921.6331
eFax: 815.524.2281

 

  

 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! 

 

Email Me .. to be added to my Mortgage & Real Estate Newsletter

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate General Information

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
3,238,620
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

An excellent teaching tool on a topic too many people take for granted as common knowledge !

Apr 30, 2019 03:11 AM #1
Rainmaker
4,954,280
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, Roy Kelley great choice for a reblog.... I'll leave a comment on the original post...

Apr 30, 2019 03:16 AM #2
Rainmaker
5,346,704
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Please be sure to leave comments at the original blog by Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi

Apr 30, 2019 03:45 AM #3
Rainmaker
1,223,722
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

Thanks so much for sharing this post with your readers, Roy Kelley ... it's very appreciated ...

Gene

Apr 30, 2019 08:54 AM #4
Rainmaker
4,405,852
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Roy,

What an excellent re-blog, I missed this one, and will now go and comment.  A

Apr 30, 2019 10:28 AM #8
Rainmaker
5,346,704
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Your feedback is always welcome and is very much appreciated.

Apr 30, 2019 11:06 AM #10
Rainmaker
4,064,691
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Roy, great post to reblog, as Gene knows his stuff, and great info to share.

May 07, 2019 11:42 AM #11
Post a Comment
Spam prevention
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
5,346,704

Roy Kelley

Ask me a question
*
*
*
*
Spam prevention