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. […]
Taking The Mystery Out of Credit Score Calculations Read More »
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
When Applying for Your Mortgage, It’s “FATE and RATE” Read More »
Gene Mundt, a Chicago mortgage originator discusses a welcome new addition to the Fannie Mae revised guidelines regarding student loan debt. Be sure to also read his previous post on those guidelines. Mounting Student Loan debt has become a huge concern … This is true not only for individuals carrying student loan, but for GSE’s (Government
Student Loan Debt Solution Found Read More »
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
If you are really serious about buying a home here are some things you should not do when applying for a mortgage. The first step to the home buying process, unless you are paying cash is going to be to talk to a lender. Without proof of funds or a letter from a lender showing
What You Should Not Do When Applying For A Mortgage? Read More »
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,
How Does Mortgage Credit Scoring Work? Read More »
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
Avoid “Mortgage Approval-Ivy”. Don’t Make These Mortgage Mistakes Read More »
Gene Mundt, Chicago Mortgage Originator provides some insight into the 2018 mortgage limits. If you read the news or follow announcements made in regards to credit and finance, you may have seen the recent announcement (11/28/2017) by the Federal Housing Finance Agency (FHFA) addressing maximum conforming loan limits on one-unit properties … The Federal Housing
The What, Where, and Why of Conforming Loan Limits for 2018 Read More »
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
No Need to Fear the Topic of Private Mortgage Insurance if you Know the Facts Read More »
Gene Mundt, Chicagoland Mortgage Originator provides hope for those with student loans considering buying a home. Do you …Want to buy a home? Have Student Loan debt? If you answered “Yes” to the questions above, it’s important for you to know that contrary to what is commonly seen and believed, it is possible to buy
Have Student Loans? Think you Can’t Buy a Home? WRONG! Read More »
