RECENT BLOG POSTS
  Jumbo .. or Piggyback Loan.  Which is Best?                                                                                                                                      "Ask the right questions if  you're                                                                       going to fin...
01/05/2015
What is a Piggyback Loan ... and How Does it Work?        Definition and Purpose of a Piggyback Loan:  To reduce the amount of the first loan amount, used in addition to a Borrower's own funds (Down Payment).          Advantages of Using a Piggyback Loan:  The Piggyback is typically used to redu...
01/02/2015
12/31/2014
  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
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Gene Mundt, Chicago-area Mortgage Lender - www.genemundt.com

708.921.6331 - 37 yrs experience
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