Search Results for: mortgage

When Applying for Your Mortgage, It’s “FATE and RATE”

Gene Mundt, Chicago Mortgage Originator is always a mine of information re the mortgage industry. Here is information on the importance of maintaining a good credit score. Most of the loan applicants I work with come to me already aware of the fact that their credit scores and credit history contribute to and affect the interest rate quote they …

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New Freddie Mac Guidelines Regarding Credit History, Authorized Users and Mortgage Approval

Gene Mundt, Il/WI mortgage originator teaches us about the importance of building our own credit history. 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 …

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How Does Mortgage Credit Scoring Work?

If you are considering buying a Los Angeles home, Gene Mundt, an Illinois and Wisconsin mortgage originator provides an in-depth overview of how mortgage credit scoring works. Myth-Busting Mortgage Credit Scoring Over the years, Mortgage Credit Scoring has evolved.  It continues to do so at a fairly constant and rapid rate …   As a result, …

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Avoid “Mortgage Approval-Ivy”. Don’t Make These Mortgage Mistakes

Gene Mundt, a Chicago loan originator, provides an excellent overview of how to avoid common mortgage mistakes. This is excellent information for Los Angeles home buyers. When our boys were little, we decided to construct a home in the Lincoln-Way Area of the Chicago Southland.  When choosing a lot to build on, we visited subdivision after …

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