Mortgage Information

Millennial home-buying and gift funds

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 does the Federal Reserve affect mortgagte rates

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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New FHA changes for condo loans

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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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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