Contact me! I'll be more than happy to talk to you NOW ... and get started on assisting you with the refinance or credit repair you want and need. No waiting 60 to 90 days ... and an experienced, knowledgeable, professional mortgage lender and his staff are at your service.
"Rumours" ... catapulted Fleetwood Mac to the top of the charts during the year 1977 ...
And Rumors ... are once again swirling about the amount of down payment a borrower needs to buy a home and obtain mortgage financing in the current market.
Obtaining mortgage loans has become a much more detailed and nuanced process. There is truth to that. And seeing to ... and dealing with these many details ... can likely take mortgage and real estate professionals' focus off the most fundamental of concerns that potential home buyers have. The basics, like that of down payments.
Don't "Cut Your Nose Off and Spite Your Face"
when it comes to your Mortgage Financing
There's an old saying ...
"You're cutting your nose off and spiting your face" ...
Stretching the point just a bit, I want to use this saying to get a message across regarding interest rates ... and the intense focus that most home buyers, and those refinancing, place on them.
Now I know that sounds a bit ironic coming from me, a mortgage lender. But as much as I think the interest rates we are seeing right now are a huge HUGE advantage to those seeking mortgage financing ... I also think that the extreme attention and importance placed on rates by consumers can be rather myopic and ultimately end-up being detrimental to their long-term financial health.
Using a play on another old adage, I believe ... "man/woman cannot (and should not) live on interest rates alone". And too many times I see mortgage clients doing just that. They make decisions based SOLELY on interest rates.
Typically a lower interest rate, and the subsequent lower payment attached to it, puts a "fire out". Meets a need in their mind. They see a tangible difference in the numbers they're going to shell-out each month ... and that's obviously important. I understand that ...
No one ... NO one really WANTS a mortgage. No one WANTS to pay money out of their pocket each and every month. But the need is there, right? And call it the financial planner in me, but a home buyer or homeowner is typically talking the biggest financial "stake" and financial need they have in their lives when speaking to me about their mortgage financing.
So I ask you ... Why not get the "biggest bang for your buck" that you can from it? Utilize it? Maximize the benefits you receive?
A wise decision on your mortgage rate and mortgage program CAN do that for you. And simply put, the lowest interest rate ... and the mortgage program/term attached to it ... may NOT be the best overall financial decision for you. And ultimately that's what you're trying to do ... pave the way to a better, more stress-free financial future, right?
But you have to be working with a mortgage lender that has the expertise, experience, and knowledge ... and will take the time ... to explain ALL options available to you. Options that may serve a better financial purpose for you in the short and long-term. Options that may leave you much healthier financially for the future.
Many times the difference in interest rates between mortgage programs can be small ... but still carry a HUGE and reverberating impact on your finances. The importance of working with a mortgage lender that can and will "paint the picture" for you regarding the short and long-term benefits of each of your mortgage options cannot be overstated.
That's why I believe making your mortgage selection based solely on interest rates can be like ... "cutting your nose off and spiting your face".
So I suggest ... don't make the decision hurredly. Take the time to do the homework necessary to find the mortgage lender that can provide you all the information, products, and services you need. Then listen intently to what they say. Take notes. Ask questions. Get ALL the facts regarding ALL the mortgage options and interest rates currently available to you. Have the mortgage lender you're speaking with "paint you the picture" in hard numbers. Consider carefully the comparisons provided you.
Then and only then, make your final financing decision. That way when you move ahead with your financing you will know for a fact that you chose the right mortgage lender. On your Closing Day, you will know for a fact that you have the best mortgage financing for YOU personally ... in the short-term AND long-term.
You'll feel .. and be ... much happier and healthier financially for it.
* Work with a Mortgage Lender with 35 years of experience, expertise, and knowledge in mortgage lending, appraising background, and financial planning. Contact me today. Together we will discover the mortgage financing that best suit your needs, in the short-term and long-term both.
I can be contacted through any of the following:
Direct: 815.277.4036 Cell/Text: 708.921.6331
Email: gene@chicagobancorp.com
Website: www.genemundt.com
Skype: 630.219.1316
Click Here 4 a: NO Cost NO Obligation Mortgage Consultation
Purely trying to explain the "hows, whens, and whys" of enacting a "lock-in" of a rate ... especially while talking over the phone or communicating via technology ... can confuse the heck out of most clients. Nevermind when you start to add multiple mortgage programs comparisons ... or several different mortgage lenders into the mix. 
Most importantly, compare apples to apples. Make sure that the "lock-in" periods you are comparing are the same, that each mortgage lender has the same information (i.e. credit report, down payment ability, employment information, purpose of the loan, etc). To ensure that each mortgage lender is understanding your situation fully, compare Good Faith Estimates prior to "locking-in" with anyone.I hope that the information provided here on interest rate "lock-in" will assist those presently pursuing mortgage financing. Should you need further information or explanation regarding this part of the mortgage process, please do not hesitate to contact me. I'll be glad to assist you further and in every way I can.
* Looking for further information or answers to your mortgage and credit questions? Contact me! I'll put my 35 years of mortgage experience and expertise to work on your behalf.
I can be found through any of the following means:
Direct: 815.277.4036 Cell/Text: 708.921.6331
Email: gene@chicagobancorp.com Website: www.genemundt.com
Skype: 630.219.1316
Click Here 4 a: NO Cost NO Obligation Mortgage Consultation
Answering Mortgage and Credit-Related Questions
and Connecting the Dots ...
How Can I Help??
Sometimes I wonder ...
Am I really getting through to my clients? My referral partners?
Now I know there are ways to measure some of that. Analytics are available and increasingly detailed for your website, social media, and more.
But I still sometimes wonder ... am I providing the information or answers to questions that are really on the minds of those finding and engaging me?
I remember having some heart-to-hearts with my kids when they were young. Giving them a fairly thorough explanation on some topic ... only to find out afterwards that I had just given them a bunch of info they really could have cared less about.
What they'd REALLY wanted to know was ..... (fill in the blanks). I in my zeal to help them or explain something had totally misinterpreted what they really were asking me. Or I had assumed I knew what they wanted to know ... or should know. Confused it or saw it through my own agenda.
I do believe the information I typically provide my clients or referral partners is very worthwhile and has value. It IS information they should have at some point in the process.
But I also think that it can sometimes have holes within it. Or miss the mark, if it's not thee information they want, need, seek, or are ready to digest at the time. I can still be leaving many dots unconnected for them.
Obviously implementing better and more thoughtful listening skills all the time improves this issue. But I also realize that nothing solves it like simply taking the time to ASK ... "What it is YOU want or need to know"? "What questions do you have"? Or ... Simply ASKING ... "Did I answer the questions you have or provide you the information you seek"?
I'm thinking I should provide some real opportunity. Give YOU that chance now.
So ... Put your "Thinking Caps" on!
What questions do YOU have regarding mortgage lending, mortgage processing, credit, appraisals, securing loan approvals, or more ... that you'd like answers to ... or information on ... that haven't been addressed?? What dots haven't been connected for you? Here or elsewhere ...
Simply ... How can I assist you and answer your questions better?
I'll be taking the questions asked ... and the topics raised ... and addressing them in upcoming posts. Should you have need for a more timely or personal response ... I will contact you directly.
This will prove very educational and insightful for me ... so I thank you ahead of time for your participation and your questions. I hope it proves educational and beneficial for all that participate, as well ...
* Should you have more direct mortgage and credit needs or questions, please contact me at any of the following:
Direct: 815.277.4036 Cell/Text: 708.921.6331
Email: gene@chicagobancorp.com
Website: www.genemundt.com
Skype: 630.219.1316
Click Here 4 a: NO Cost NO Obligation Mortgage Consultation
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Mortgage Banker with 35 yrs experience in Lending, Appraising, management. Lends in multiple states. Also Certified IL Financial planner. 1st-time buyer, Asset-Based Programs, Refinance, and more.
With 35 years in the mortgage/banking industry, I can draw upon a vast background and wealth of experience for the benefit of my customers and business relations. I thoroughly understand the lending and banking processes because I have learned and used each step during my professional lifetime. This extensive background enables me to offer a more complete and indepth mortgage service to my customers and referral contacts.
I many times can facilitate remedies or prevent problems entirely in the processing and closing of loans because of my deeper well of knowledge and experience. I also offer mortgage planning to my customers as a financial tool. This can be a huge benefit in their lives as it assists them in the usage of their most major expenditure and largest asset, their home and mortgage. I am dedicated to the financial success and welfare of all my clients and referral partners.
My lending services extend to many states throughout the U.S. I offer a broad menu of mortgage options for all my clients' needs, including investment properties, retirement and vacation properties, and asset-based programs. Most of the processing of my loans is performed in-house, so I have much greater control of the entire closing process. This allows for greater speed and flexibility in closings for my clients.
Perhaps it's because I am a father of two sons, 27 and 31, that I find working with first-time homebuyers such a joy. These transactions take special care that I am most happy to give. On the other end of the spectrum of those special needs are Reverse Mortgages. Although not an answer for everyone, these mortgages can bring much needed financial relief to my customers. With thoughtful, careful implementation, this form of lending can be a godsend to stressed seniors and their families. The relief reflected in the faces of these people upon the completion of these transactions is well worth the extra time and care I give during the process.
Other programs and services I offer include:
I look forward to earning your trust and future business through thoughtful, knowledgeable and professional lending services.
I realized that Mr. Mundt was an extraordinary, genuine, and professional mortgage lender when I worked with him at the Shorewood, IL office. Mr. Mundt treated me with the utmost respect. I never felt like I was at a job or I was at work; work flew by with ease. Mr. Mundt makes you feel comfortable in every situation. I read a letter he sent to a client. Mr. Mundt couldn't help his client because of her credit situation, but he drafted a courteous letter explaining the circumstances, and even gave her free advice on what she needed to do to get back on track. He could have told her, "you have bad credit, and I can't help you," or he could have not written her at all. Mr. Mundt wrote this letter with supreme understanding, care, and concern, as if he was addressing his own daughter. This compassion for his client impressed me. He isn't out there to become the richest man in town; he is looking out for the well-being of his clients. You don't find these traits in the business industry today, and you find all of this and them some in Mr. Mundt. I am so grateful that I met Mr. Mundt. Prospective customer, count on Mr. Gene Mundt to keep you safe in your home and secure in your future. Amy L. Langoni, CCA
Louise O'Connor
Broker Realtor at Re/Max Team 2000 - Location: Greater Chicago Area IndustryEach time I use Gene's services for my clients we are kept up to date on the progress from the initial consultation to the home closing that he has always attended, just in case there may be any kind of problem at the end. The level of service you receive would lead you to believe you are his only client. Top qualities: Expert, On Time, High Integrity
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