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
 Rental Income: A Growing Investment Trend Over the recent months, I've seen a growing trend in my local Chicagoland real estate markets ... The number of Investors inquiring about the purchase of condos, apartments, townhomes, and even traditional owner-occupied single-family homes to be utilize...
10/11/2018
 Fall Festivals, Pumpkin Farms, Corn Mazes, Hayrides in Will County - 2018 Fall in all its glory has arrived in Will County ...   There's a new crispness to the air, especially at night now. The hours of sunlight are fewer.  Leaves are turning in color and falling to the ground.   Fall in Will Co...
10/05/2018
  New Freddie Mac Guidelines Regarding Credit History, Authorized Users and Mortgage Approval Recently, Freddie Mac updated their underwriting guidelines, via its "Bulletin" from September 19, 2018 ... One of the key points documented in this Freddie Mac Bulletin related to Credit Reporting and s...
10/01/2018
  The Impact of Late or Missed PaymentsAre You Playing "Catch Up"? As a kid, you probably used it yourself with friends when you said ... "You go ahead, I'll catch up".  As an adult, it's likely you've said, "I'm playing "catch up" at work" after returning from a long weekend or vacation.  Or upo...
09/18/2018
   When You Navigate Your Mortgage Process: WHO are the People That Help You? You've decided to become a homeowner ...Congratulations!For most people, that means it's time for them to: Seek and Choose a Mortgage Originator Learn about the steps involved in the mortgage process Educate yourself ab...
09/13/2018
  Pre-Approval VS Pre-Qualification:How "Approved" are  You?  If you take a look online, you can easily find multiple definitions and opinions on just what constitutes a Mortgage "Pre-Qualification", "Pre-Approval", and "Pre-Approval Letter" ... and the differences that exist between them ... So ...
08/29/2018
  Lincoln-Way Community High School2018 Varsity Football Schedules(Central, East, & West)   Kids are back in school already ...   That means some great gridiron action is available each week at your local high school ... Lincoln-Way Community High School, District #210, serving the New Lenox, Fra...
08/21/2018
  Reduced Costs Seen for Private Mortgage Insurance In a period of rising mortgage interest rates, some good news has recently arrived from the Private Mortgage Insurance (PMI) industry ... Most of the predominant PMI companies have reduced rates charged to borrowers that finance a home and have ...
08/14/2018
 Recent Changes to Fannie Mae DeliverGood News to Chicago - Chicagoland Condo Buyers   No matter your lifestyle, Chicago - Chicagoland ... with its many diverse neighborhoods and extended surrounding suburbs ... has real estate property for sale that will fit and satisfy your personal tastes, bud...
08/07/2018
  Do You Own Real Estate Property? Are You an IL Disabled Military Veteran? Last week, I had another opportunity to provide financing services for a home purchase made by one of America's most cherished assets ... a military veteran. It's always a huge honor and distinct pleasure to assist one of...
07/09/2018
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Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi

708.921.6331 - 40+ yrs experience
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