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Gene Mundt, Mortgage Lender - Direct: 815.277.4036    Cell/Text: 708.921.6331
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Recent Posts

Opening Night Coming for Joliet Slammers Baseball!
Multiple Offers and Appraisals ... Learning to Co-Exist Successfully
Buyers Decide Within 8 Seconds Whether They Are Interested In A Home
Students from Naperville, IL to Appear on "Late Show with David Letterman", Thursday, May 10th
I May Not Be Yoda, but I'm Darn Close!

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Gene's Bit of Blogging

Buying or Renting

Ready, Willing, and Able. Yep, I'm THAT Easy ...


Ready, Willing, and Able.  
Yep, I'm THAT Easy ...



    Ever hear the line, "There are no stupid questions"??

Contact Gene Mundt, Mortgage Lender with your questions    Well, I think it's VERY true ... especially when you're talking about buying homes or mortgage financing

    NO question is too simple, too far left-field, or too inconsequential to be asked.  If, as a Buyer or mortgage client, you don't have the answers you need to comfortably move forward at ANY step of the home buying and mortgage process ...

  ASK!   Ask questions!

    As a mortgage lender, I LOVE questions!  I recommend ... no ... promote ... no ... plead with clients to ask them.  It's that important.  But how do I convince potential home buyers and clients to stop ... be unafraid to ASK their questions?  Convince them that I'm Ready, Willing, and Able ... and Easy to ask??


     In his blog, Eric eloquently addresses some scenarios that illustrate why it's so important to get Pre-qualified for a mortgage  prior to searching for homes.  He also broaches the hard fact that today's mortgage lenders face an uphill battle when trying to initiate "question asking" or inquiries.  Some of that rightfully earned.  And although I've personally never been accused of being a serial killer, I do pick-up on the negative vibes that emanate from many current buyers ... vibes that obviously can stand-in-the-way of their seeking me out or asking their questions. 

    So I go back to ... HOW do I assist, or convince, potential buyers to overcome those fears or dislikes?  HOW do I get them to ASK their questions??

     Some of the answer may lie in the hands of real estate agents.  In ever increasing numbers,  agents are refusing to show homes to potential buyers that have not taken the first step to home ownership ... that being Pre-qualification  for a mortgage.  Obviously this act alone makes Pre-qualification almost mandatory.  And that's good, as they're ultimately doing buyers a great service.

Contact Gene Mundt, Mortgage Lender with all your questions     Pre-qualification is vital for many reasons, but perhaps none is more important than Pre-qualification provides the home buyer a huge opportunity to ASK questions  and to educate themselves.  Not only regarding their own finances, but the entire home buying process, and home ownership itself. 

     During Pre-qualification ... and then while in the processing of their mortgage financing ... buyers should find themselves in the enviable position of having an assortment of real estate professionals at their disposal to answer questions. 

    Mortgage Lender.  Agent.  Home Inspector.  Title Company.  Insurance Agent.  Real Estate Attorney.  Each educated about their personal transaction.  Each available to them.  It's truly a buyer's rare opportunity.  Take advantage ... ASK questions!

     You've probably heard ... the act of obtaining a mortgage and buying a home in today's current market is more complicated than it used to be.  And that is very true.  Now more than ever before, home buyers need real estate and mortgage professionals at their side that will take the time to help, to educate, to answer, to take action on their behalf, and to act for their benefit.

    ASK your questions! Start asking them while searching for your mortgage lender.  Continue asking them when seeking referrals for other real estate professionals.  Ask them every step of your mortgage and home buying process.   In fact,  never stop asking them.

    I'm Ready, Willing, and Able to answer them.  Yep, I'm THAT easy ...

    

    * I look forward to having the opportunity to answer YOUR questions and earn your mortgage business.  Let me put my 35 years of expertise and experience to work on your behalf.
   Contact me today at any of the following:
Direct:  815.277.4036  Cell/Text:  708.921.6331
Skype:  630.219.1316
Via Mobile: m.genemundt.com
Click Here 4 a: NO Cost NO Obligation

    


 


    

    

Timely and Important Mortgage Information for Those Wanting to Buy a Home



Timely and Important Mortgage Information for Those Wanting to Buy a Home




    A short while back, I had the pleasure of doing a blogtalkradio interview with Carra Riley of Cosmic Cowpie.  During that interview, Carra and I covered some very timely and relevant topics regarding how to prepare for your mortgage application and what to expect during your mortgage processing.

Contact Gene Mundt, Mortgage Lender Today!    Carra Riley was such a great hostess during this interview.  She knew exactly what home buyers want and need to know when entering the housing market and asked great questions. 

     She guided us through important details and timely financing topics ... topics and info that will help listeners navigate ... or "connect the dots" when buying a home and obtaining a mortgage.

    I think you will find the information available of great assistance ... whether you are a first-time home buyer, someone refinancing, a move-up buyer, investor ... or an agent hoping to pass-on something of informational value to your clients.

    If a question you have is not covered within this interview ... or if you are in need of mortgage guidance or assistance ... please do not hesitate to contact me.  I'll be happy to hear from you, answer your questions, and assist you with your needs.

    Thanks for listening.  I look forward to connecting with you soon ...

    Gene 


Just "click" and listen!

Listen to internet radio with Cosmic Cow Pie on Blog Talk Radio



I can be contacted through any of the following:
Direct:  815.277.4036  Cell/Text: 708.921.6331
Email:  gmundt@thefederalsavingsbank.com
Skype:  630.219.1316
Click Here 4 a: NO Cost NO Obligation









    
    

Being 2012 Optimistic ... Let Me Count the Ways


Being 2012 Optimistic
Let Me Count the Ways!

 
   I don't know if you've noticed it, but I have ... 

       There's been a distinct change in the air, as of late.  An air of optimism that has been missing within our real estate industry for way too long.

     
       I don't mean I'm just seeing or hearing it in the media either.  I've seen it in my clients' demeanor, their faces, their outlook.  They're more upbeat.

      And I've sensed it when I've heard my referral partners' telling of the uptick in activity they've been experiencing since the New Year. 

    
    THOSE first-handaccounts. THOSE things.They're the ones I consider reliable!

     And if I needed MORE reasons to be optimistic about buyers' attitudes?  This last week (yes, the week with Chicagoland's first winter storm of 2012) brought all the following very optimistic and positive actions to light for me personally.  I almost had to pinch myself!

     When was the last time you heard of these happenings occurring ... all in the same week??

  1. A Seller CLOSED on his sale, and then SIGNED A CONTRACT for another home AND was able to negotiate a possession date/agreement to eliminate a second move?
  2. A couple bought a "step-up" home WITHOUT selling their present home ... which they plan on "updating" to make it saleable?  (They will not be renting it out)
  3. A First-Time Homebuyer is "borrowing" against her 401k to be capable of putting 20% down on her new home purchase, thus establishing a home environment of her own?
  4. A FSBO (For Sale By Owner) went under contract?
  5. A "city" couple listed their condominium ... and are now pre-approved for their home purchase in the suburbs?
  6. A young, First-Time Homebuyer decided to buy a home at the top-end of his approvability?  While rates hit historic lows?  He's completely over his payment shock and fears!


     Maybe it's the optimism that comes with the New Year?  Maybe it's the winter weather and beautiful snow finally arriving in Chicagoland??  But I prefer to think that Buyers are out there in larger numbers, ready to buy homes, and UNDERSTANDING that there may not ever be a better time to buy than in today's present market.

   I say ... Don't get left behind! If you're thinking about BUYING a home (or refinancing), hop on the optimistic bandwagon and contact me today.  Together we'll see what can be accomplished for you in today's buyer-friendly housing market with historically-low interest rates.

     If you're an agent or broker?  Spread the 2012 optimism!  Spread the word!  Get your prospective clients to me, or to your professional, experienced mortgage lender to be pre-qualifiedNOW is the time! 

    Take 2012 by the tail and make it YOUR year!



     * Want to find out if you can buy a home in Chicagoland or elsewhere?  Interested in starting the home buying process?  Looking for a strong, reliable professional mortgage referral partner? 
     My 35 years of successful mortgage experience and expertise will help guide and assist you, or your clients, throughout the mortgage process ... from pre-qualification to post-closing. 
    Contact me today through any of the following means.  I'll be glad to hear from you and have the opportunity to earn your trust and your mortgage business.
Direct:  815.277.4036  Cell/Text:  708.921.6331
Skype:  630.219.1316

    

    

    

   


    

Cost of Mortgages to Increase Due to Recent Enactments Affecting Fannie Mae and Freddie Mac

    
    Cost Of Mortgages to Increase
   Due to Recent Enactments
  Affecting Fannie Mae and Freddie Mac


    
     Recent Enactments that affect Fannie Mae and Freddie Mac, and ultimately about 70% of ALL mortgage holders, are going to drive-up the cost of doing mortgages soon. 
    
     Costs are expected to increase, or Interest Rates will rise... time will tell how much, but it's coming soon.

 
    Thinking of buying a home soon or in the future?  Playing with the idea?  Sitting on the fence regarding your options?  Can't make up your mind??


    The increases mentioned above regarding higher Interest Rates and additional mortgage costs will affect YOU ... should you not act NOW!!


     Why is this happening?  What changed?


      According to  an article written by David Zeiler of  "NuWire Investor", an investment news provider, the lowdown on the upcoming changes/increases come courtesy of the new  payroll tax cut extension recently passed in Congress.  Mr. Zeilers quotes  "Money Morning"  investment news, as he writes:


     The payroll tax cut extension lauded as a victory for the American middle class will in part come at the expense of homeowners and home buyers who will see an increase in mortgage costs.  A loan guarantee fee paid for by loan originators like Fannie Mae and Freddie Mac will be increased as part of the measure, and that cost is expected to get passed on to mortgage holders.  The tax-bill provision is set to last for 10 years, which experts believe will make it harder for the two insolvent loan servicers to be phased out ...
 

    These increases are not being utilized as scare tactics by mortgage lenders.  They are not manufactured by the media. They are real.  They are fact.  They are coming soon.  And they are going to affect a new home buyer's bottom line.


    For those that have already acted and purchased a home ... or refinanced a prior mortgage ... Congratulations!  Your pro-active and timely decision is to be commended.  And think of the dollars you saved yourself!


      For those that have not yet taken the step towards homeownership ... or refinanced ...  gotten off the "fence", overcome fears, overcome objections ...

    
    NOW is the time to contact meCallme. Text meEmail meSkype me.   Or .. Click Here!!  Together, we need to act on your behalf ... and act quickly.

     
     Please note, however: These changes do NOT impact FHA or VA mortgage holders... for now.  But ... with Interest Rates as low as they are presently, it could pay to investigate the financial and savings options that might exist for you.  It costs you nothing to have me "run some numbers" and check your credit ... so why not take that quick and easy step?


     Don't hesitate, don't lose out, and then have regrets later. Do yourself a huge financial favor. Take action now!


     Every dollar. Every savings you can find ... counts!




      * Should you be in need of mortgage, financial, or credit answers, please contact me through any of the following methods.  I will put my 35 years of mortgage experience and expertise to work on your behalf ... and be glad to have the opportunity to earn your business.
Direct:  815.277.4036  Cell/Text:  708.921.6331
Skype:  630.219.1316





      

    

     

    

    

    

The New Year is Upon Us. Make '2012' the Year of YOU!


The New Year is Upon Us. 
Make '2012' the Year of YOU!




 
The headline reads ...
 
 




Average rate on 30-year fixed mortgage falls to record 3.91 pct., 15-year flat at 3.21 pct.


  
    And yes ... this means if you're one of those that have earned good credit scores, you could receive this record low interest rate for your mortgage.
 
    Remarkable, isn't it??  And to just prove how very remarkable it is ... I tell you, I've been in the mortgage business for 35 years and when I started out back in the mid-1970's, the average mortgage rate was in the 6% range.  Again I say, remarkable!
 
    But this post isn't really meant for those that have good credit scores.  (Although I hope you read it and take action to contact me too!)  No, it's message is meant especially for those that DO NOT have stellar credit or credit scores ...
 
   Why?  Because perhaps even MORE remarkable than this much-broadcasted historical low rate ... is the prediction by many top financial analysts that these rates (or something close to them) are projected to last well into the New Year of 2012.  And THAT means that even those without good credit scores presentlymayhave time to improve their scores and still take advantage of good rates in the near future.
 
    I call THAT extremely remarkable too!  Perhaps even more so.
 
    So here are my questions for you:  Does that sound like YOU???  And if it does describe your present credit scores ... and you hope to buy a home someday ... what are you going to do about it??  Are you going to remain on the sidelines and let this unbelievably good opportunity slip through your fingers??
 
    The New Year is upon us.  Does YOUR New Year resolution for 2012 include improving your credit habits and credit scores?  Does your resolution include the possibility of a new home?  Home OWNERSHIP to fulfill your dreams??  If so, NOW is the time to act.
 
     As the old saying goes, "A journey of a thousand miles begins with a single step".  Improving your credit is a journey. Take that single step by contacting me now ... or your mortgage lender ... to get started on your personal journey to credit improvement or repair for 2012. 


     And I say that whether your future holds the wish for a new apartment, home ownership, or just better opportunities for employment, better insurance rates, improved cell phone costs, or any of a hundred different ways your life can improve with better credit scores.
 
    Whenyou can save money ...Whenyou can improve your life ... When you can make life easier for yourself by taking this important step ...  When you can fulfill your dreams ... WHY wouldn't you? WHY aren't you??
 
    It's so easy to do.  So very easy to get started. ONE phone call, or email, or text ... I'm that close and that easy to contact.  Reach out. Send me your request.  Call.  Text.  Click this button.

   Make 2012 the year you ACT. Reach out to me however is most easy or convenient for you and get started. Credit improvement does take time to accomplish.  And although they say these fantastic interest rates are going to hang around awhile, that amount of time may be needed to make the improvements required.
 
   Don't lose out and be sorry later!  You owe it to yourself to inquire, to ask questions, to take action.  Let's get started together on those credit improvements today.  I'll be glad to hear from you ...