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
RECENT BLOG POSTS
  Retirement Funds, 401K, & IRA Accounts: Their Use in Real Estate Purchases There are several ways buyers can "fund" their home or investment property purchase beyond those funds they've built up via their savings accounts ... As a potential home buyer, it's always important to discover and thor...
01/24/2019
  Stay Calm and Take These Steps if You've Received a Mortgage Denial  Emotions play a big part in the home buying and financing processes.  In fact, an emotion (or two) may have provided most people the initial motivation to begin the process to buy in the first place ...   Emotions, such as cur...
01/15/2019
  What You Need to Know About Credit FreezesWhen Buying a Home   Currently, I'm working with clients that had chosen ... prior to their mortgage application ... to place a Credit Freeze on their credit file and credit accounts ...They had decided to take that action after the discovery of 2017's ...
01/07/2019
 This post offered by Joan Cox, Denver, Colorado focuses on a timely topic and trend taking place in many current real estate offers ... Home Buyers "Love Letters" to Sellers. As stated at the end of the YouTube presentation included, if you have questions regarding this practice ... or if more l...
12/28/2018
  Mortgage Loan Borrowers Top 5 "Hiccups" & Mistakes "Wish Lists" are a hot topic for kids, no matter the time of the year.  Do you know any kid that doesn't have a list of things they're wishing for at the handy? Did you know that Loan Officers often have Wish Lists too?  I can tell you that I m...
12/19/2018
 Student Loan Debt Solution Found via Fannie Mae's "Student Loan Cash-Out Refinance"   Mounting Student Loan debt has become a huge concern ...  This is true not only for individuals carrying student loan, but for GSE's (Government Sponsored Enterprises) like Fannie Mae that oversees and ensure m...
12/12/2018
  Establishing Legal Ownership: Condos, Dwelling Parcels, PUDs I've "been around" ...  Around the mortgage business, that is.  For over 40 years. And during those 40 years,  besides being a Mortgage Originator, I also held an IL Real Estate Appraiser license for around 2 decades.  Plus I was hono...
12/07/2018
  Selling Your Home? Should You be Leery of Accepting an Offer from Buyers Approved for FHA Financing? It's not unheard of to hear my Borrowers (and their Agents) say that Sellers are expressing a leeriness about accepting offers from FHA  Buyers ...  Typically these Sellers' uneasiness is based ...
11/29/2018
11/21/2018
  This Message is So Important, it Bears Repeating    Home buying is often spoken of as an uphill, stressful challenge ...  And while it's true that there's much to know and do during the mortgage process ... the following is also true:  Buyers retain much of the control in determining how quickl...
11/19/2018
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Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi

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