Don't Assume You Know the Outcome of a Mortgage Consultation You've Never Had

Don't Assume You Know the Outcome 

of a Mortgage Consultation You've Never Had 

   

     FACT:  No blanket statements can be made regarding today's Mortgage Lending.  No "one size fits all" statements ...  

     Each client's individual finances, needs, goals, credit history/scores, plans for the future, and more need to be considered and taken into account when making an assessment regarding the wisdom of buying and refinancing.  

     Again ... and I can't stress this point enough ...  

     The needs and goals of a Borrower, both short-term and long, should weigh into their final decision regarding the buying or refinancing of a home. 

     But this FACT needs to be stressed too ...  

     What your Uncle Bob, co-worker Eddy, or friends Maria and Phil learned and experienced through their mortgage consultation and Closing process, does not pertain to you.  No matter how closely you think you pair up with them, their situation, salaries, price of home, or other info and statistics. 

     Remember:  Even very small differences in the following info (and more) can garner differing outcomes for Borrowers:  

• Credit Scores/Credit Report/Credit History (of both you and any Co-Borrower(s)
  
• Income(s):  Differing outcomes can be found based upon HOW Mortgage Applicants are paid.  Are bonuses involved in income earned?  Commission-based income?  More ...
• Property Taxes:  The real estate taxes of 2 similarly-priced homes can be drastically different.  The amount of the property taxes contributes greatly to a Mortgage Approval/Denial.
• HOA Fees:  Same situation noted above regarding Property Taxes.
• Down Payment made
  
• Mortgage Program utilized for financing
• Financial Goals - Financial Needs
• ETC. ...

     What I'm trying to impress upon you (or your clients) is this:  

     The only way anyone can personally know for a fact if it's timely and wise for them to Refinance ... or if they can be approved for a mortgage to purchase a home ... is via a Mortgage Lender and a thorough Mortgage Consultation.  

     Talk to your LO to obtain the FACTS as they pertain to your personal finances, home, goals, and needs.  What you discover may surprise you and will certainly have the ability to improve your future ...

Are you hoping to Construct, Buy, Refinance or Purchase a home or investment property in Chicagoland or somewhere else in Illinois or Wisconsin?

Looking for mortgage financing answers, options, solutions, and experienced assistance?

Contact me! I'll put my 40 years of Mortgage experience and expertise hard to work on your behalf.

I'm easily found at:

Gene Mundt

Mortgage Originator -NMLS #216987 - IL Lic. 031.0006220 - WI License #216987

American Portfolio Mortgage Corp

NMLS #175656

Direct: 815.524.2280

Cell/Text: 708.921.6331

eFax: 815.524.2281

www.genemundt.com

gmundt@goapmc.com

   

Gene Mundt, Mortgage Originator, an Originator with 40+ years of mortgage experience, will offer you exemplary mortgage service and advice when seeking: Conventional, FHA, VA, Jumbo, USDA, and Portfolio Loans in Chicago and the greater Chicagoland region, including:

The Lincoln-Way Area, Will County, (New Lenox, Frankfort,

Mokena, Manhattan, Frankfort Square, Joliet, Shorewood, Elwood, Lockport, Wilmington, Crest Hill, Symerton, Braidwood, Channahon, University Park, Beecher, Plainfield, Bolingbrook, Romeoville, Tinley Park, Homer Glen, Crete, Peotone, Naperville, etc.), DuPage County, Kane County, Grundy County, the City of Chicago, Cook County, and elsewhere within IL & WI.

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