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
 Chicagoland & Surrounding Northern Illinois County Offices:Update on Services The COVID-19 outbreak has presented many challenges for all real estate professionals on many fronts ...   One of those challenges has surrounded just WHO is still functioning and providing supportive services for tran...
 How to Decide: Is Refinancing the Right Decision for You?  Because of ongoing events and the current low-interest rates being seen, many homeowners are contacting me and asking ...   "Would a Refinance of my present mortgage be a smart move?" My answer to them is typically, "Well, it depends."It...
  Addressing the Chicago-Area Housing Shortage: Can New Construction Be an Answer?  There's a home inventory shortage currently being experienced in the Chicagoland area, just as there is all across the U.S.  A recent report shared in Crain's Chicago Business proves that to be true, as it states ...
  Sheltering-in-Home? All Stocked Up?What You Can Do Next  The current coronavirus scare has many cities, states, and our entire nation declaring a "shelter-in-place" or lockdown of many businesses and services.  We're all having to learn how to navigate the stresses and challenges the virus has ...
  Your Savings & Down Payment Secret Weapon:Your Tax Refund   Socking away money for any reason is no small fete these days ...    But when the savings are for the purchase of a home, especially if your first home, the act of saving money can seem even more challenging ... and take on an even hig...
  What You Need to Know About Financial Markets and the Mortgage Process The speed and ferocity with which the financial markets have been moving as of late have been mind-boggling ...   Even consumers that are typically only casual observers of the financial markets, not participants in them, ar...
  Arriving Summer of 2020:  The New FICO 10 Scoring ModelHere's What to Expect ...  Hotter temperatures aren't the only thing that will soon be rolling in.  A hot new FICO Scoring model will also make its entrance at some point during the upcoming summer months ... A new credit scoring model isn'...
   Refinancing ... is it right for me?  How to find out ...   There are many factors that influence the rise and fall of mortgage interest rates ...Case in point, right now the fear of a global coronavirus outbreak has the markets in a tither and that anxiety has resulted in lower and fluctuating...
 Low Housing Levels = Fast-Paced Housing Market   You don't have to look far to find headlines that report about the housing shortage that many U.S. housing markets are currently experiencing.  They're everywhere. One reads, "Housing inventory falls to a two-year low".  Another reveals,  "For-Sal...
  Lethal Mix:Procrastination and Mortgage Financing  If you read about real estate and financing much at all, you've probably run across numerous articles that spoke to the challenges and frustrations that can be found in modern-day transactions and their financing ... And as a mortgage lender, I...

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

708.921.6331 - 40+ yrs experience
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