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Mortgage 101
Topics surrounding today's challenging mortgage financing
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6 First-Time Home Buyer Mistakes That Are All Too Common - Porch.com

6 First-Time Home Buyer Mistakes That Are All Too Common - Porch.com | Mortgage 101 | Scoop.it
If you are a first-time home buyer, finding the right home for you and your family can be overwhelming and stressful.
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These 3 Major Credit Bureaus Control Your Credit Report ...

These 3 Major Credit Bureaus Control Your Credit Report ... | Mortgage 101 | Scoop.it
There are three major credit bureaus that compile your credit report information.

Via Gene Mundt
Gene Mundt's insight:

It's possible .. and important ... to get your credit scores on a consistent basis.  (Even if not buying or refinancing a Mortgage)

You CAN obtain them FREE.  Questions?  In the Chicagoland area, contact me: www.genemundt.com, 708.921.6331.  #creditscores #creditreports #creditbureaus 

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Gene Mundt's curator insight, February 25, 12:31 PM

It's possible .. and important ... to get your credit scores on a consistent basis.  You CAN obtain them FREE.  Questions?  In the Chicagoland area, contact me: www.genemundt.com, 708.921.6331.  #creditscores #creditreports #creditbureaus 

Gene Mundt's curator insight, February 25, 12:32 PM

It's possible .. and important ... to get your credit scores on a consistent basis.  (Even if not buying or refinancing a Mortgage)

You CAN obtain them FREE.  Questions?  In the Chicagoland area, contact me: www.genemundt.com, 708.921.6331.  #creditscores #creditreports #creditbureaus 

Gene Mundt's curator insight, February 25, 12:32 PM

It's possible .. and important ... to get your credit scores on a consistent basis.  (Even if not buying or refinancing a Mortgage)

You CAN obtain them FREE.  Questions?  In the Chicagoland area, contact me: www.genemundt.com, 708.921.6331.  #creditscores #creditreports #creditbureaus 

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Mortgage Pre-approval vs Pre-qualification: What's The Difference?

Mortgage Pre-approval vs Pre-qualification: What's The Difference? | Mortgage 101 | Scoop.it

Mortgage Pre-approval vs Pre-qualification Letter by Bill gassett Enjoy This Real Estate Article? "Subscribe To My Blog - It's FREE and No Spam EVER!" Get my blog articles in your inbox as soon as they are published!

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Bill Gassett's comment, February 16, 12:54 PM
Thanks for sharing the difference between a pre-approval and pre-qualification @Gene Mundt so many buyers do not know!
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Credit Confidential: What Really Powers Your Home Purchase? - Trulia's Blog

Credit Confidential: What Really Powers Your Home Purchase? - Trulia's Blog | Mortgage 101 | Scoop.it
Credit Confidential: What Really Powers Your Home Purchase?

Via Gene Mundt
Gene Mundt's insight:

Mortgage Lenders are a great resource of info and assistance when building and improving #credit and #credit scores.  In Chicagoland, contact Gene Mundt, Mortgage Lender,www.genemundt.com, 708.921.6331, NMLS #216987, IL Lic. #0006220.

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Gene Mundt's curator insight, February 15, 5:53 PM

Mortgage Lenders are a great resource of info and assistance when building and improving #credit and #credit scores.  In Chicagoland, contact Gene Mundt, Mortgage Lender, www.genemundt.com, 708.921.6331, NMLS #216987, IL Lic. #0006220.

Gene Mundt's curator insight, February 15, 5:53 PM

Mortgage Lenders are a great resource of info and assistance when building and improving #credit and #credit scores.  In Chicagoland, contact Gene Mundt, Mortgage Lender,www.genemundt.com, 708.921.6331, NMLS #216987, IL Lic. #0006220.

Gene Mundt's curator insight, February 15, 5:54 PM

Mortgage Lenders are a great resource of info and assistance when building and improving #credit and #credit scores.  In Chicagoland, contact Gene Mundt, Mortgage Lender,www.genemundt.com, 708.921.6331, NMLS #216987, IL Lic. #0006220.

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5 Guidelines for Homebuyers Using Gift Money for Down Payments

5 Guidelines for Homebuyers Using Gift Money for Down Payments | Mortgage 101 | Scoop.it
5 Guidelines for Homebuyers Using Gift Money for Down Payments via Anita Clark with Coldwell Banker SSK Realtors in Warner Robins GA.
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How a Piggyback Loan Works | Gene's Chicagoland Mortgage Blog

How a Piggyback Loan Works | Gene's Chicagoland Mortgage Blog | Mortgage 101 | Scoop.it
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Half of All Homebuyers Don't Do This. Will You? | Gene's Chicagoland Mortgage Blog

Half of All Homebuyers Don't Do This. Will You? | Gene's Chicagoland Mortgage Blog | Mortgage 101 | Scoop.it
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The 4 Main Categories of Information Required by a Mortgage Lender | Gene's Chicagoland Mortgage Blog

The 4 Main Categories of Information Required by a Mortgage Lender | Gene's Chicagoland Mortgage Blog | Mortgage 101 | Scoop.it
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The 10 Commandments While Applying for Mortgage | Gene's Chicagoland Mortgage Blog

The 10 Commandments While Applying for Mortgage | Gene's Chicagoland Mortgage Blog | Mortgage 101 | Scoop.it
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10 Healthy Ways to Build Credit - HowStuffWorks

10 Healthy Ways to Build Credit - HowStuffWorks | Mortgage 101 | Scoop.it
These 10 ways to build credit will help you establish a credit history or improve your existing credit report. Read our 10 healthy ways to build credit.
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6 Factors Homebuyers Should Consider Over Interest Rates - US News

6 Factors Homebuyers Should Consider Over Interest Rates - US News | Mortgage 101 | Scoop.it
Beating an expected interest rate increase shouldn't be the only reason to buy a home now.
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Think You Can't Afford to Buy a Home? Think Again - Credit.com

Think You Can't Afford to Buy a Home? Think Again - Credit.com | Mortgage 101 | Scoop.it
If your financial situation isn't perfect, here's how to work within the four pillars of mortgage lending to get approved for a home loan.
Gene Mundt's insight:

Why continue to wonder what options and possibilities exist?  In the Chicagoland area, get the facts as they pertain to YOU at:  Gene Mundt, Mortgage Lender, www.genemundt.com, 708.921.6331, NMLS #216987, IL Lic. #0006220 ... #chicagoarearealestate #firsttimehomebuyers #buyingahome #mortgages

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7 myths millennials believe about mortgage lending

7 myths millennials believe about mortgage lending | Mortgage 101 | Scoop.it
Next year millennials are expected to drive housing. As they dive into the market, they should keep in mind the seven myths first-time buyers believe, courtesy of Quicken Loans.
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The 7 Essential Steps of Buying Your First Home - Porch.com

The 7 Essential Steps of Buying Your First Home - Porch.com | Mortgage 101 | Scoop.it
Thinking of buying your first home? Follow these seven steps to success.
Gene Mundt's insight:

Great first tip!  Find an experienced Mortgage Lender that will help you get on-track credit-wise and financial to buy at the most advantageous interest rate and mortgage program possible.  In the Chicagoland area contact Gene Mundt, 708.921.6331, www.genemundt.com for mortgage and credit answers and assistance ...

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Gene Mundt's curator insight, Today, 11:41 AM

Great first tip!  Find an experienced Mortgage Lender that will help you get on-track credit-wise and financial to buy at the most advantageous interest rate and mortgage program possible.  In the Chicagoland area contact Gene Mundt, 708.921.6331, www.genemundt.com for mortgage and credit answers and assistance ...

Gene Mundt's curator insight, Today, 11:42 AM

Great first tip!  Find an experienced Mortgage Lender that will help you get on-track credit-wise and financial to buy at the most advantageous interest rate and mortgage program possible.  In the Chicagoland area contact Gene Mundt, 708.921.6331, www.genemundt.com for mortgage and credit answers and assistance ...

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Your Mortgage Menu: Your Financial Health Dictates What Choices You Have | Gene's Chicagoland Mortgage Blog

Your Mortgage Menu: Your Financial Health Dictates What Choices You Have | Gene's Chicagoland Mortgage Blog | Mortgage 101 | Scoop.it
Your Mortgage Menu:
Your Health Dictates What Choices You Have
 

Via Gene Mundt
Gene Mundt's insight:

Widen the options available to you when seeking a mortgage.  Talk to me well in advance of starting to look for a home.  That way we can check your credit and maximize your credit score.  In Chicagoland, www.genemundt.com,  708.921.6331, NMLS #216987, IL Lic. #0006220.  #mortgages #chicagolandhomebuying #chicagolandmortgagelenders #buyingahome

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Gene Mundt's curator insight, February 17, 4:05 PM

Widen the options available to you when seeking a mortgage.  Talk to me well in advance of starting to look for a home.  That way we can check your credit and maximize your credit score.  In Chicagoland, www.genemundt.com,  708.921.6331, NMLS #216987, IL Lic. #0006220.  #mortgages #chicagolandhomebuying #chicagolandmortgagelenders #buyingahome

Gene Mundt's curator insight, February 17, 4:06 PM

Widen the options available to you when seeking a mortgage.  Talk to me well in advance of starting to look for a home.  That way we can check your credit and maximize your credit score.  In Chicagoland, www.genemundt.com,  708.921.6331, NMLS #216987, IL Lic. #0006220.  #mortgages #chicagolandhomebuying #chicagolandmortgagelenders #buyingahome

Gene Mundt's curator insight, February 17, 4:06 PM

Widen the options available to you when seeking a mortgage.  Talk to me well in advance of starting to look for a home.  That way we can check your credit and maximize your credit score.  In Chicagoland, www.genemundt.com,  708.921.6331, NMLS #216987, IL Lic. #0006220.  #mortgages #chicagolandhomebuying #chicagolandmortgagelenders #buyingahome

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New Loan Options Spell Opportunity for Home Buyers

New Loan Options Spell Opportunity for Home Buyers | Mortgage 101 | Scoop.it
New Loan Options Spell Opportunity for Home Buyers
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Gene Mundt's curator insight, February 16, 10:50 AM

Ask questions to find what financing options are possible for you. For #mortgage answers, info, and guidance in Will County and Chicagoland, contact Gene Mundt, Mortgage Lender, www.genemundt.com, 708.921.6331, NMLS #216987, IL Lic. #0006220.  #mortgages #willcountyrealestate #buyingahome

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It's snowing like a #*$&^... should we still look at houses?

It's snowing like a #*$&^... should we still look at houses? | Mortgage 101 | Scoop.it
That's the question that I often get from potential buyers. My answer is, almost always, 'Only if you're interesting in finding a home to purchase.' This i
Gene Mundt's insight:

An extra tip:  Even if you can't get out to view a home ... you CAN still make progress on your home buying.  Start gathering the documents you need for your #Mortgage, get financing in order, make a phone call to your agent or Lender, and more!  Acting pro-actively will help you buy more quickly and successfully!  In Chicagoland, for Mortgage info & assistance: Gene Mundt, www.genemundt.com.

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Gene Mundt's curator insight, February 15, 1:57 PM

An extra tip:  Even if you can't get out to view a home ... you CAN still make progress on your home buying.  Start gathering the documents you need for your #Mortgage, get financing in order, make a phone call to your agent or Lender, and more!  Acting pro-actively will help you buy more quickly and successfully!

Gene Mundt's curator insight, February 15, 1:58 PM

An extra tip:  Even if you can't get out to view a home ... you CAN still make progress on your home buying.  Start gathering the documents you need for your #Mortgage, get financing in order, make a phone call to your agent or Lender, and more!  Acting pro-actively will help you buy more quickly and successfully!  In Chicagoland, for Mortgage info & assistance: Gene Mundt, www.genemundt.com.

Gene Mundt's curator insight, February 15, 1:59 PM

An extra tip:  Even if you can't get out to view a home ... you CAN still make progress on your home buying.  Start gathering the documents you need for your #Mortgage, get financing in order, make a phone call to your agent or Lender, and more!  Acting pro-actively will help you buy more quickly and successfully!  In Chicagoland, for Mortgage info & assistance: Gene Mundt, www.genemundt.com.

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Becoming a Homeowner This Year? What You Need to Know - The Real Estate Book Blog

Becoming a Homeowner This Year? What You Need to Know - The Real Estate Book Blog | Mortgage 101 | Scoop.it
ShareTweet With uncertainty over mortgage rates growing and new Fannie- and Freddie-backed programs rolling out this year, those seeking to buy a home will continue to contend with changing standards. If you’re planning to become a homeowner, take these steps before borrowing. 1. Get preapproved. Stay ahead of …
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Portugal Real Estate's curator insight, February 24, 10:59 AM
Becoming a Homeowner This Year? What You Need to Know - The Real Estate Book
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You Don't Need a 20% Down Payment to Buy! | Gene's Chicagoland Mortgage Blog

You Don't Need a 20% Down Payment to Buy! | Gene's Chicagoland Mortgage Blog | Mortgage 101 | Scoop.it
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Mortgage Financing Approvals: What Matters Most? | Gene's Chicagoland Mortgage Blog

Mortgage Financing Approvals: What Matters Most? | Gene's Chicagoland Mortgage Blog | Mortgage 101 | Scoop.it
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Dreaming of Becoming a Successful Home Buyer or Seller This Spring? | Gene's Chicagoland Mortgage Blog

Dreaming of Becoming a Successful Home Buyer or Seller This Spring? | Gene's Chicagoland Mortgage Blog | Mortgage 101 | Scoop.it
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Do You Know What Your Mortgage Interest Rate Is? | Gene's Chicagoland Mortgage Blog

Do You Know What Your Mortgage Interest Rate Is? | Gene's Chicagoland Mortgage Blog | Mortgage 101 | Scoop.it
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FAQs for First Time Home Buyers

FAQs for First Time Home Buyers | Mortgage 101 | Scoop.it
We take aim at questions you may be too afraid to ask when preparing to be a first time home buyer!

Via Realty Biz News
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Renters: Are You Ready to Buy a Home?

Renters: Are You Ready to Buy a Home? | Mortgage 101 | Scoop.it
While you save up your down payment, take these 5 steps to get you closer to closing.
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Shirley Pittenger's curator insight, January 10, 6:05 PM

Important information to know about owning a home and preparing to make the transition from renting to owning.

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2015: The Return of the Millennial Home Buyer

2015: The Return of the Millennial Home Buyer | Mortgage 101 | Scoop.it
Earlier this month, Zillow predicted that millennial buyers (under the age of 35) will become the largest group of buyers, overtaking Gen X (35-50 years old) by the end of 2015. Dr. Stan Humphries, Zillow Chief Economist, explained:
"Roughly 42 percent of millennials say they want to buy a
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