RECENT BLOG POSTS
  Why Do Lenders Require a Real Estate Contract?      One of the Loan Officers in my office had a Seller's Attorney recently ask him ...      "Why does a Lender need a copy of the Real Estate Contract?"     Admittedly, I was somewhat taken-aback by this basic question, but I believe my LO handled...
12/24/2014
  First, I want to thank you again for your business and support offered during this past year and beyond.  I, my team, and my family all appreciate it greatly.   I hope this message finds you and yours enjoying all the fun and joy the Holiday Season brings.  Below, you'll find some timely tips,...
12/22/2014
 Fannie Mae's Recent Appraisal Guideline Updates            Fannie Mae recently updated some of their Appraisal and property-related guidelines ...       It's important to note that these updated Fannie Mae guidelines/points are NOT necessarily the policies of Lenders, Banks, and other entities ...
12/18/2014
Recycle Old Non-Working Holiday Lights at the Plainfield Public Libary in Plainfield, IL                It seems, that no matter how carefully I wrap our holiday lights the previous season , there's always a strand or two that doesn't survive ...        It's why I was so happy to find out that t...
12/16/2014
  How Is the Mortgage Process Like and Differ From a Roller Coaster?      Going through today's Mortgage Process can be much like being on a racing roller coaster.  The similarities and parallels between the two are endless.           Examples:  Both have highs.  Both have lows.       At times, e...
12/12/2014
   Rent or Buy in Chicago or Chicagoland? Discover Your Options           It's no secret.  The cost of renting has been rising all across the U.S. ...       A recent article in the New York Times, reported the following regarding the cost of renting nationwide ... and in Chicago/the Chicagoland a...
12/10/2014
Village of Mokena, IL Military Fee Waiver Program      The Village of Mokena, IL has provided one more great reason for military veterans (United States Armed Forces) hoping for a new home in the Chicago Southland - Will County, or Lincoln-Way Area, to consider living within its borders ...     ...
12/03/2014
  Santa's Elves Babysitting December 19th, 2014, at the New Lenox Park District        Are you a busy parent with lots to accomplish this Holiday Season?  Holiday parties to attend?  Shopping to complete?  Do you live in or near New Lenox, IL?         Then I have some great news and information f...
12/01/2014
 Are Easier Financing Requirements Ahead?          Recently (and I'd say somewhat unceremoniously given the importance and need for the announcement), Fannie Mae and Freddie Mac announced the easing of Financing Guidelines ... including the news that they're bringing back the 3% Down Payment - Co...
11/25/2014
    New Mortgage Program Helps Those Suffering from Significant Adverse Credit Buy Again          In a continuation of a recent loosening of home financing guidelines, I now can offer "expanded programs" for Borrowers with Credit Scores (middle score) of 580 (FHA Loans) and 600 (Conventional Loan...
11/24/2014
Rainmaker
733,101

Gene Mundt, Chicago-area Mortgage Lender - www.genemundt.com

708.921.6331 - 37 yrs experience
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