Gene's Bit of Blogging
Education
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Gene Mundt, Mortgage Lender - The Federal Savings Bank: Posted on Wednesday, May 09, 2012 11:44 AM
Students from Naperville, IL
to Appear on
"Late Show
with Letterman",
May 10th
 I don't know about
you, but anytime David Letterman
has a "Kids Scientist" segment scheduled ... I'm
watching!
Dave's interactions with the
kids are so much fun to watch!
Letterman's "Kid Scientists" programs have
become one of my favorites. And this
Thursday night's program gives me all the more reason to view and enjoy this
ongoing event.
Local students
from Naperville, IL will be taking part
in Dave's "Late Show" - "Kid Scientists" segment, broadcast May 10th.
The Naperville, IL
students involved include:
- Zack Pradel -
Lincoln Jr. High School
- Abby Louise -
Kennedy Jr. High School
- Joy Chiu -
Naperville Central HS
- Jack Brandt -
Kennedy Jr. High School
- Cairo Lawrence
- Kennedy Jr. High School
Teachers
accompanying the students on this "Kids
Scientist" segment will be:
- Jaci Gentile -
Naperville Central chemistry instructor
- Lee Marek -
Retired Naperville North teacher
Our area's learning academies have much to be proud of. Thursday night's May 10th appearance by Naperville, IL students
will celebrate over 20 such appearances by area students on the "Late Show with David Letterman" since 1997.
Congratulations to ALL the students ... and their teachers .... participating on Thursday night's "Kid Scientists" segment!
To view this segment, watch the "Late Show with David
Letterman” on CBS, Thursday, May 10th, at 10:35 pm, CST)
* Hoping to buy a home in the Naperville, IL area? The surrounding Chicagoland region ... or elsewhere across the US? Contact me conveniently and quickly through any of the following means:
Direct: 815.277.4036 Cell/Text:
708.921.6331 Skype: 630.219.1316
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DuPage County, Localism Posts, Announcements and News, Schools, Naperville, DuPage Township, Education, Special Events, Fun, Comical, Educational Opportunities, School Districts, Chicagoland Entertainment
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Gene Mundt, Mortgage Lender: Posted on Tuesday, April 24, 2012 11:19 AM
Enjoying Just One of the Many Great Chicagoland Music Venues
The Dominican University Performing Arts Center in River Forest, IL
My wife, Marilyn, is a huge country music fan. Traditional country. Old country. Bluegrass. Iconic country performers. The more "twang" the better for her.
Knowing his mom's long-standing love affair with the genre, our youngest son and his wife gave her a Christmas gift of a pair of tickets to see Marty Stuart and the Fabulous Superlatives for this last Saturday night.
To say she enjoyed herself, would be an understatement. Let's just say I see a whole new side of her during shows like this.
The Performing Arts Center and the Dominican University itself, is surrounded by some of the most beautiful homes you'll find within Chicagoland too. There are just blocks after blocks of them. Old and new. Varying architecture.
Prior to the concert, we enjoyed just driving around and soaking up the River Forest area. (What else does someone with 35 years in the real estate industry subject their spouse to??) Massive trees are everywhere within this City. I swear, we could have just enjoyed driving for hours in River Forest. Gorgeous.
During our show on Saturday night, we were right smack in the middle of the Performing Arts Center, just 11 rows back. When Marty Stuart came out to showcase his "pickin'" abilities and speak to the crowd, I thought we could reach-out and touch him.
Now for those that don't know much about Marty Stuart, here's a little taste:
If you ever get the chance to see and hear Marty Stuart and the Fabulous Superlatives, jump on it.
* Hoping to buy a home in River Forest, IL or nearby in Chicago or Chicagoland area? Work with a proven professional with years of experience and expertise at helping home buyers and clients successfully complete and close their transactions. Contact me today. I'll be happy to hear from you and have the opportunity to earn your trust and mortgage business. I can be found at any of the following: Direct: 815.277.4036
Cell/Text: 708.921.6331 Conveniently Through Skype: 630.219.1316 or Click Here 4 a: |
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Gene Mundt, Sr. V.P./ Mortgage Lender - The Federal Savings Bank: Posted on Wednesday, April 18, 2012 2:06 PM
New Changes to Mortgage Rules
and Regulations Don't Have to be
This Summer's "Beanball" and Knock Buyers Out of Their Home Buying Game
 The ever evolving mortgage business requires an expertise and personal commitment by its professionals to provide excellence in service and quality, not to mention results. And part of that commitment includes education and the imparting of knowledge to the public, their clients, and referral partners to industry guidelines and changes to those guidelines.
A recent announcement from HUD, on the processing of those loans intended to be insured with an FHA loan, indicates that further credit tightening is warranted when a Borrower owes more than $1,000 in bills in collection.
In the past, an Underwriter could use discretion and approve such credit scenarios. Now, that is no longer the case ... and that scenario is NOT approvable. Now a Borrower MUST pay-off that debt to qualify, or at minimum, have established a sufficient past history of paying back their creditors on a monthly basis, if not in full. And that includes medical collections, an area where some leniency was also applied in the past.
Now debate may rage about the intelligence or need for this new HUD decision, but the debate changes nothing. The bottom line is: This new ruling is in effect. And that means further education of the home buying public is absolutely necessary regarding it at this time, for it WILL impact Buyers who:
- Have the required minimum Credit Score, but have outstanding, past due collection accounts.
- Do NOT have the funds needed to pay-off debts/collections in their entirety ... but still have the necessary savings for Down Payment and Closing Costs.
The above just points out one more huge reason we in the real estate industry need to educate the public about the home buying and mortgage process better ... and the importance of getting ALL Home Buyers, not just some ... "pre-approved" for their purchase and/or mortgage financing (sooner than later)!
 So Buyers, please take note: This new ruling recently "pitched" at us by HUD does NOT mean your "beaned" and out of your home buying game. It just means this ...
Since HUD is stating that a 3 month payment history, or longer, is needed to approve a scenario with Collections totaling $1,000 or higher ... if you're looking to buy a home in a projected time frame of 6 months from this date, you should absolutely get "pre-approved" NOW!
If you're hoping to become a home buyer, contact me (or your own lender). Take action to stay in the game! Don't hesitate or wait any longer. It's
best to start the "pre-approval" and mortgage financing process
earlier than later. Give yourself, and your mortgage lender, the time to work-out any
credit issues that might be present ... and start collecting the financial
information and documentation needed for mortgage application.
If an agent/broker, pass
this advice on to ALL your potential buyers and everyone else you know so they too can pass it on. Educate as many as possible to these new changes. Save
home buyers, and yourself, the disappointment of starting the home buying and "pre-approval" process "too
late".
As a matter of policy, it is my opinion that it is extremely important that ALL home
buyers talk with a mortgage lender to be "pre-approved". That this should
be established as a priority and absolute necessity.
Home Buyers should know, and respect, the
fact that Agents/Brokers invest much time, effort, and dollars into
their services and those receiving them ... and respect that fact.
These facts together dictate that (in the over-riding cases) ALL Home
Buyers be "pre-approved" prior to their Agent showing them homes.
In the long-run, Buyers are much better served adhering to a "pre-approval" rule.
There are fewer surprises and last-minute issues to see to once actual
mortgage processing begins. The entire process will run more smoothly
and be more enjoyable.
HUD, and other governmental agencies, can "pitch" us new rules and regulations now and in the future ... but it does NOT mean
they have to be "bean balls", knock Buyers out, or keep them from buying a home.
Good, complete
preparation by Home Buyers, their Mortgage Lender, and all their real estate professionals, can mean
these changes are addressed and handled fully to the satisfaction of HUD. Successful home buying and Mortgage Closings can be a result ...
* Get the professional mortgage information and service you need to buy your home, whether in Will County, IL, Chicago, Chicagoland, or across the U.S. in any of the 50 states. Work with a "big league"
mortgage professional that knows and understands how to guide and
assist you through today's challenging mortgage processing and home buying experience. Contact me today! I'll be glad to hear from you and happy to have the opportunity to earn and win your trust and business. I can be contacted through any of the following:
Direct: 815.277.4036 Cell/Text: 708.921.6331
Conveniently at Skype: 630.219.1316
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Buying a Home, Credit Reports/Fico Scores, Mortgage Banker, Mortgages, Real Estate, Working with a Mortgage Professional, Credit and Financial Counseling, Mortgage & Transaction Processing, First-Time HomeBuyers, Obtaining Mortgage Quotes, Pre-Approvals, & Info, Debt, Education, Asking credit and mortgage questions, Home Buyers, home buying, FHA Mortgage Lending, Closing Costs, Pre-Qualification/Pre-Approval, HUD
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Gene Mundt, Mortgage Lender: Posted on Friday, April 13, 2012 1:15 PM
Do You Offer Real Estate Services in Popular Retirement and Investment Regions???
This morning I was reading the post of one of my favorite ActiveRain members. It dawned on me while reading this post, that while I had read this blog faithfully for a long time ... I still wasn't quite sure where the agent's service area was located within their state. I had never taken the time to check it out and do a search.
Not proud of that fact, but there it was!
I wondered how many people like me, had not done their own research while reading this or similar posts??
Some of the service areas represented on AR are pretty obvious. Larger cities and their geographical locations are typically known. Chicago. New York. Los Angeles. Denver ... and similarly-sized cities, people typically know. But smaller towns, counties, rural areas?? Not so much. Maybe a bit of assistance is needed in finding them?
It was also clear to me that while I
hadn't taken the time to educate myself while reading this favored
member ... I probably was not that different from others reading the
post. They probably wouldn't know where the location was ... and they'd
probably had been just as lazy as I had been. They wouldn't have taken the time to
do a simple search either.
 Being an ActiveRain member from a northern climate, it occurred to me too that maybe those AR real estate agents that serve areas where northern/cold-climate boomers or investors might be looking for retirement homes, 2nd homes, or investment properties ... might be especially well-served by adding some helpful links or maps for their location/region.
Links and maps that would make it easy for their readers to educate themselves as to exactly where that agent is located within their state. Something that even somewhat lazy readers (like me) would find and click on.
Maybe it's the most obvious information and actions that elude us? Information that is so basic to us personally, that we overlook and forget that it might not be so to others??
I know I'm now going to go to my own website, my own blogs ... and take a good long look at them. Do an assessment. See if I'm making it as easy as possible for my readers to find me, understand what areas I service, and what services I offer.
Moving forward, I'm going to try to make it as easy, as convenient as possible for my readers to be completely informed and to utilize all my services ...
 * Looking for an experienced mortgage lender with multiple office locations in the Chicago and Chicagoland region? A mortgage lender that assist you with local or nationwide mortgage services? Contact me today! With over 35 years of experience and expertise earned while assisting and serving home buyers and home owners of all types in Chicago, Chicagoland, and the entire U.S. ... I can help you successfully prior, throughout, and beyond your mortgage closing. I can be contacted through any of the following: Direct: 815.277.4036 Cell/Text: 708.921.6331 Conveniently through Skype: 630.219.1316 |
Buying a Home, Mortgages, Chicagoland, Will County, Technology, Social Media, Chicago, Education, Working with a Real Estate Professional, Helpful Hints, Doing Business, ActiveRain.com, Links
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Gene Mundt, Mortgage Lender - The Federal Savings Bank: Posted on Thursday, March 29, 2012 3:21 PM
Naperville, IL Graduating Seniors! Apply Now for the
Naperville Junior Woman's Club 2012 Scholarships
Scholarships are awarded on the following merits:
- Scholastic Achievement
- Community Service
- School Involvement
- Financial Need
Fill-out the application and send to:
NJWC Scholarship Committee
5032 Switch Grass Lane
Naperville, IL 60564
All Naperville Junior Woman's Club (NJWC) scholarship applications
must be received by April 15, 2012. Scholarships candidates will be
notifed by email or telephone of the Club's committee decision.
Scholarships themselves will be awarded at the Naperville Junior Woman's
Club's May general meeting.
Good luck to all the Naperville, IL area graduating senior candidates applying for these 2012 Naperville Junior Woman's Club (NJWC) scholarships ... and for success during your upcoming college ventures.
* To receive information and assistance regarding mortgage financing to purchase a home in Naperville, Du Page County, or Chicagoland ... please contact me. My entire 35 years in the mortgage business has been served benefiting home buyers and home owners in Naperville and the surrounding Chicagoland region. I'd love the opportunity to earn your trust and your mortgage business. I can be contacted through any of the following: Direct: 815.277.4036 Cell/Text: 708.921.6331 Skype: 630.219.1316
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Chicagoland, DuPage County, Localism Posts, Announcements and News, Schools, Naperville, Community Info, Families, DuPage Township, Education, Family Issues, Educational Opportunities, Charitable/Community Organizations, School Districts
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