Gene's Bit of Blogging
Buying or Renting
|
Gene Mundt, Mortgage Lender: Posted on Thursday, April 05, 2012 11:06 AM
Ready, Willing, and Able. Yep, I'm THAT Easy ...
Ever hear the line, "There are no stupid 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 ...
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.
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. Direct: 815.277.4036 Cell/Text: 708.921.6331 Skype: 630.219.1316
|
Buying a Home, Mortgage Lender, Mortgages, First-Time HomeBuyers, Buying or Renting, Choosing a Mortgage Lender, Asking credit and mortgage questions, home buying, Home Ownership, Clients, Pre-Qualification/Pre-Approval, Educational Opportunities, Choosing Your Real Estate Professionals
|
|
|
|
Gene Mundt, Mortgage Lender: Posted on Wednesday, March 14, 2012 10:45 AM
Timely and Important Mortgage Information for Those Wanting to Buy a Home
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!
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
|
Buying a Home, Credit Reports/Fico Scores, Importance of Credit, Mortgages, Refinance, Working with a Mortgage Professional, Condos and Townhomes, Gene Mundt's Client Services, First-Time HomeBuyers, Buying or Renting, Debt, Mortgage Closing Costs, Asking credit and mortgage questions, home buying, FHA Approval for Mortgage Lending, FHA Financing for Condominiums, FHA Mortgage Lending, Down Payment, Mortgage Costs, Closing Costs, Interest Rates, Pre-Qualification/Pre-Approval, Interest Rate Lock-In, Co-Signing Mortgages
|
|
|
|
Gene Mundt, Sr. Vice President - Chicago Bancorp: Posted on Monday, January 16, 2012 5:08 PM
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??
- 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?
- 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)
- 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?
- A FSBO (For Sale By Owner) went under contract?
- A "city" couple listed their condominium ... and are now pre-approved for their home purchase in the suburbs?
- 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.
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
|
Buying a Home, Credit Reports/Fico Scores, Financing, Mortgage Banker, Mortgage Lender, Mortgages, Real Estate, Refinance, Working with a Mortgage Professional, Chicagoland, Localism Posts, First-Time HomeBuyers, Buying or Renting, Obtaining Mortgage Quotes, Pre-Approvals, & Info, Home Buyers, home buying, Right Time to Buy a Home, Home Ownership, Interest Rates, Pre-Qualification/Pre-Approval
|
|
|
|
Gene Mundt, Sr. Vice President - Chicago Bancorp: Posted on Thursday, January 12, 2012 10:40 AM
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?
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 me. Callme. Text me. Email me. Skype 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
|
Credit, Buying a Home, Credit Reports/Fico Scores, Mortgage Lender, Mortgages, Real Estate, Announcements and News, Gene Mundt's Client Services, Buying or Renting, Obtaining Mortgage Quotes, Pre-Approvals, & Info, Money-saving Strategies, Asking credit and mortgage questions, Seeking Advice, home buying, Right Time to Buy a Home, Home Ownership, Down Payment, Mortgage Costs, Closing Costs, Fannie Mae, Freddie Mac, Interest Rates
|
|
|
|
Gene Mundt, Sr. Vice President - Chicago Bancorp: Posted on Friday, December 23, 2011 3:02 PM
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??
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.
|
Credit, Credit Repair, Buying a Home, Credit Reports/Fico Scores, Financing, Importance of Credit, Mortgage Banker, Mortgage Lender, Mortgages, Real Estate Advice, Working with a Mortgage Professional, Credit and Financial Counseling, Gene Mundt's Client Services, First-Time HomeBuyers, Buying or Renting, Obtaining Mortgage Quotes, Pre-Approvals, & Info, New Leaf credit-improvement program, Debt, Asking credit and mortgage questions, Credit Counseling, Helpful Hints, Home Buyers, home buying, Right Time to Buy a Home, Home Ownership
|
|
|
|