Jumbo .. or Piggyback Loan.  Which is Best?                                                                                                                                      "Ask the right questions if  you're                                                                       going to fin...
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...
  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...
  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,...
 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 ...
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...
  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...
   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...
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 ...     ...

Gene Mundt, Chicago-area Mortgage Lender -

708.921.6331 - 37 yrs experience
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