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
  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...
  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 ...
  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...
 2018 - Halloween Safety Tips for Pets  The Halloween Season with all its scary costumes, parties, tasty treats, spooky decorations, and haunted homes is finally here ...  But sadly, potential dangers also arrive with it.  And that means we should be taking the time and making the effort to plan,...
  A Mortgage Originator's View of Property Valuations Recently I read an article by Appraiser Tom Horn (Birmingham, AL) entitled: "How do Appraisers Calculate Price per Square Foot?" ...  Soon after reading this informative article, I received an Appraisal in my office on a (purchase) transaction...
 2018 - Holiday Shopping Safety Tips Today's brisk cool wind reminds me, another summer with its warm sunny days is in our rearview mirror ... Brrrrrrr!  It also reminded me that the Holidays are just around the corner!   Of course, that means holiday commercials will soon be running on our TVs 2...
 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...
 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...
  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...

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

708.921.6331 - 40+ yrs experience
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