Search Results for: mortgage

Mortgage Forbearance: The Who, What, When, Where and How

Gene Mundt, Chicago mortgage originator, offers some insight into the mortgage forbearnce program available during the COVID-19 pandemic. No one knowingly buys a home envisioning that financial hardships lie ahead … Yet hardships and challenges come even when planning and preparations have been made. Those are the circumstances that many American homeowners now find themselves in.  …

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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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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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No Need to Fear the Topic of Private Mortgage Insurance if you Know the Facts

If you’ve done much research regarding mortgage financing, you’ve probably heard the term “Private Mortgage Insurance” … You may have also heard that Private Mortgage Insurance is scary or should be avoided.  But in reality, in the right situations … it can be the solution to your home buying and financing challenges. What do I mean? Let me start by explaining …

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