Search Results for: mortgage

The Pros and Cons of Private Mortgage Insurance (PMI)

Gene Mundt is a Chicago Mortgage Lender who is an excellent source for all things mortgage-related. Here is another gem from him: Although the term “PMI” … Private Mortgage Insurance … is seen and heard frequently, there remains a shroud of mystery surrounding it … When I first speak with potential Chicagoland – IL/WI Borrowers, they sometimes have a negative …

The Pros and Cons of Private Mortgage Insurance (PMI) Read More »

The Importance of Verification of Funds in Mortgage Process

One topic … one direction provided during the Mortgage Process that seems to baffle and frustrate my prospective home buyers during their Mortgage Process, surrounds the sourcing and documenting of Down Payment and Closing Cost Funds. When I touch upon this portion of the Process I often hear the comment, “it shouldn’t matter where the …

The Importance of Verification of Funds in Mortgage Process Read More »

How to Dispute Credit Report Errors During Mortgage Process

Veterans of the Mortgage Industry can remember a time when clients suffering errors or inaccuracies within their Credit Report, were typically advised to “dispute”  those errors … But because of recent changes that have taken place in the Mortgage Industry’s Automated Underwriting Systems (commonly referred to as AUS), the advice given to current mortgage clients …

How to Dispute Credit Report Errors During Mortgage Process Read More »

Scroll to Top