Let's Talk! Gene Mundt, Chicago-area Mortgage Blog

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Mortgage and Lending - NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - IL Lic 031.0006220/WI
Mortgage, Credit, Real Estate info, plus details and local info pertaining to New Lenox, the Lincoln-Way Area, Will County, the Greater Chicagoland area, Illinois and Wisconsin
 The Medicine That Cures During Mortgage Application? "ProActive"  I'm presently working with multiple self-employed mortgage applicants ... and as you would probably suspect, the process for these applicants is a bit more detailed in scope.Why?There are several reasons.  A few of those reasons a...
 Mortgage Application During COVID-19:The Need for Information and Documentation is Amplified   The weekend is often our family's opportunity to tackle errands.  That was true again this weekend.My wife had to stop at a store to pick up just one item.  The task was supposed to be a short one, so ...
 My Partner Has Poor Credit ... Is It Still Possible to Get a Mortgage? The topic of credit is an important one when it comes time to prepare and apply for a mortgage.  Questions surrounding every facet of credit arise during my initial conversations with prospective borrowers. The following is j...
  Self-Employed? What You Need to Know if Financing a Home As of June 11, 2020, changes in the processing of SELF-EMPLOYED borrowers have been implemented by Fannie Mae and Freddie Mac ...Why?The financial impact meted out by the COVID-19 pandemic.  Uncertainty has befallen many businesses and re...
 Navigating a COVID-19-Era Mortgage Transaction Successfully A few weeks back, I wrote an article regarding the need for homebuyers to adopt the right mindset and being ready to "go to work" when approaching, preparing, and entering the home buying process ...   Over the last few weeks that advic...
 Summertime is Finally Here! Do You Have an Emergency Disaster Kit for Your Pet?  Summertime ... It elicits memories and thoughts of great backyard barbeques and family and friends enjoying warm nights on decks and patios.  You can almost feel the mist and cool water of lawn sprinklers and swimmi...
  Protect Your Financial Health & Credit During COVID-19 ... Take These Steps Now  Your physical health and mental well-being must always be an important focus.  The grave challenges posed by the current COVID-19 crisis, make that even more true ...But it's not only your physical and mental healt...
 2020 Property Tax Relief Measures in Will County U.S. property owners, including those in the Chicagoland area, are currently facing real financial pressures in the face ...Why?  One reason is ... it's real estate property tax time across much of America. In many areas of our nation, property ta...
 Appraisal Waivers: What are They? Who's Eligible? Many changes surrounding residential appraisals have occurred recently.  Some have come as a response to the challenges presented by Covid-19.  Others were put into place prior to our facing current viral challenges.  In this article, I address o...
 Mortgage Forbearance: The Who, What, When, Where & How  No one knowingly buys a home envisioning that financial hardships lie ahead ... Yet hardships and challenges come even when planning and preparations have been made.   Those are the circumstances that many American homeowners now find thems...

Gene Mundt,IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi

708.921.6331 - 40+ yrs experience
smartphone(708) 921-6331
local_phone(815) 524-2280
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