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 […]
FHA Changes to Condo Guidelines. Why They Matter Read More »
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 »
The California Association of Realtors® (C.A.R.) released their 2018 housing market report. Here is an overview of the study: With years of low inventory, a good economy, and the solid growth of new households, home sales were predicted to rise. This was the case through April. However, in May housing demand dropped, prices continued to
California Housing Market Update 2018 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 »
We have all heard about rising housing prices, especially in California, so is the lack of affordability affecting home sales? (Check out the median price and # of sold listings in selected areas for single family homes) Several factors may be contributing to the drop in sales including the volatility of interest rates, and lack
Is Los Angeles Area Housing Affordability Affecting Home Sales? Read More »
Home ownership was once the goal of most people starting out in their adult life. If you can do it, it is still one of the best investments you can make and brings with it the security and stability of owning your own home and not having to cater to the whims of your landlord,
Should I Buy a Home in Los Angeles or Should I Continue Renting? Read More »
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Congratulations, you are about to embark on your first home-buying experience but are not sure where to start. Once you know the steps involved you will be nearer to starting your search and finding your new home. Here are 5 questions you should ask your Realtor® Los Angeles homes for sale by community Q: I
5 Questions California First-Time Home Buyers Should Ask Their Realtor® 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 »
By now I am sure you have heard of the proposed new tax bill currently being proposed in Washington, and you will certainly know that this would be a disaster for the housing market, especially in California. Los Angeles homes for sale by community Here is what is proposed: The interest deduction cap will be
Call Your Local Representatives. Tell Them to Vote No on the Proposed New Tax Bill Read More »
