Adopt a Winning Mindset If Preparing for Mortgage Financing

Reblogger Roy Kelley
Real Estate Agent with Realty Group Referrals 16766

Being ill-prepared for and poorly-informed about the mortgage process will, at a minimum, make the process more challenging and stressful.  It will also increase the likelihood of it costing more.  No one wants that.

 

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Adopt a Winning Mindset

If Preparing for Mortgage Financing

 

 

Springtime means just one thing to countless millions of people like myself ... The Masters Golf Tournament ...

 

The delay of this year's 2020 tournament left golf fans with a void to fill until fall. 

  

But thankfully, last year's Master's final round was recently replayed to help fans relieve some of the "pain" we are feeling until that time.

 

CBS announcer, Jim Nantz held a running interview with the winner of last year's tournament, Tiger Woods, throughout the replay airing.  The additional insights he provided throughout the airing were extremely interesting and it made the golf tournament even more fun to watch.

 

One comment in particular made by Tiger Woods during this show stood out to me.  He spoke of the preparation, both mental and physical, that he made prior to the tournament ... and makes prior to every tournament.

 

Some of his preparations are so religiously performed and are so ingrained in him that they are now done almost automatically and without conscious thought.  His body and mind just automatically react and "kick into gear".

 

I've heard or read about other professionals expressing much the same.  Certainly, pro athletes such as Michael Jordan, Serena Willians, Usain Bolt, and Duncan Keith ... each outstanding in their chosen sport ... are all known for their extreme workouts and pre-season and pre-contest preparations.

 

And professional athletes are not alone in this mindset and dedication to preparation.  Professionals of all kinds do much the same.  It's ingrained and part of who they are.

 

It's just a fact.  Whether musician, entertainer, surgeon, or businessperson, etc., preparation and the right attitude are paramount to finding success.

 

Yet sadly, the following statistics and info are reported: 

 

  • 64% of consumers lack knowledge when it comes to what they need to qualify to buy a home
  • Fewer than 1 in 4 consumers are aware that low down payment programs exist
  • Only 17% of consumers know the correct minimum down payment
  • A third of consumers surveyed thought credit scores needed to be higher than the FHA minimums
  • More consumers reported having seen their credit score recently, but close to half could not recall what it was

 

This is not the first time I've written of the importance and need for education and preparation when considering a mortgage to buy a home.  It's a topic I've felt so important that I continue to hammer away at it consistently.

 

 

So with that in mind   ...

 

  1. What is some of the info you should know and have at your disposal prior to applying for a mortgage?  
  2. What preparations should you make?

 

Consumers should know and be familiar with the following topics in order to secure the best financing for their needs:

 

 

Being ill-prepared for and poorly-informed about the mortgage process will, at a minimum, make the process more challenging and stressful.  It will also increase the likelihood of it costing more.  No one wants that.

The decision to prepare or not prepare ... remains the responsibility of the borrower.  No one can prepare for them, just as no one else can prepare for any professional pursuing their goals. 

 

Anyone hoping to finance a home should adopt this proactive mindset as they consider the purchase of a home. 

 

I'm more than happy to assist any borrower in pursuing the knowledge they need to buy, finance, or refinance a home.  Should you be considering the financing of a Chicagoland - IL - WI home or investment property, feel free to reach out to me today ... 

 


 

 
Gene Mundt
 
Mortgage Originator - NMLS #216987 - IL Lic. 031.0006220 - WI License #216987
 
 
American Portfolio Mortgage Corp.
NMLS #175656
  
 
Direct: 815.524.2280
Cell: 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! 

 

 

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Rainmaker
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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

May 23, 2020 09:59 AM #1
Rainmaker
5,773,900
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Make is a habit to post a daily reblog. It is an easy way to pay it forward.

May 25, 2020 05:30 AM #4
Rainmaker
1,268,229
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 greatly appreciate the re-blog, Roy ... and the beautiful splash of color and pizazz provided by your floral pic ... thank you!

Gene

May 25, 2020 06:52 PM #5
Rainmaker
5,773,900
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thanks so much for stopping by. It is always good to hear from you.

May 26, 2020 08:57 AM #6
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Roy Kelley

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