Mortgage Information

How to maximize your buying power when buying a home in Los Angeles

Less Debt + Low Interest Rates = More Buying Power: A Winning Equation

Gene Mundt, a mortgage industry veteran gives us insight into the current mortgage climate with its low interest rates. In marketplaces where high demand for home buying is coupled with a short supply of homes for sale … additional factors are pushing prices higher. The short supply of homes now available for sale in many of the …

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Buying a Home When Self-Employed? Some Useful Tips

Gene Mundt, a Chicagol Mortgage Originator write another great post on how help move along your mortgage loan application by being pro-active.  This is even mor important during the current crises we are facing. I’m presently working with multiple self-employed mortgage applicants … and as you would probably suspect, the process for these applicants is a …

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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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Solutions Exist for the Home Buying Challenges Millennials Face

Gene Mundt, a Chicago mortgage originator advises on ways Millennials may be able to buy their first home. There are ways, and warnings…..   Are You a Millennial Hoping to Buy a Home? Solutions Exist to Address the Challenges You Face     It’s no secret …     Today’s younger generation is finding it much …

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How Financing Options are Affected by the Rise & Fall of Federal Reserve Interest Rates

Gene Mundt, Chicago Mortgage Originator provides an excellent overview of how the Federal Reserve’s interest rates affect your finances, specifically as it relates to mortgages: My phone is ringing off the hook these days … The latest move by the Federal Reserve has garnered lots of attention and piqued the interest of many.  Many of my callers …

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FHA Changes to Condo Guidelines. Why They Matter

Gene Mundt, a Chicago mortgage lender talks about the new FHA changes re obtaining an FHA loan for condos. FHA (Federal Housing Administration) has announced that it is issuing new guidelines for Condominiums and Condominiums projects.  The new guidelines will take effect as of October 15, 2019. While the new rules extend the time period for FHA …

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Taking The Mystery Out of Credit Score Calculations

Credit … Credit Building … Credit Repair … Credit Reports … Credit Scores … Credit Scoring …   I feel a bit like Bubba in Forrest Gump at times when I speak or write of credit-related things …Why?  Because such a large number of the questions I receive as a Chicagoland Mortgage Originator revolve around credit and credit topics.  …

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