Let's Get Pinned!

Let's Get Pinned!   

     No ... not that way!  On Pinterest!

     I've been a big fan of Pinterest now for quite a while.  As time and my participation on Pinterest has grown, I've seen very positive results for my business.  Both from a client basis ... and that of Referral Partners.

     Pinterest has definitely contributed to increased visibility online.  But besides the business benefit to Pinterest ... I've just come to enjoy the site.  

     Typically my wife (my marketing assistant) and I "pin" together.  I think doing Pinterest as a team has broadened the scope of what we discover and share there.  We each bring our own eye and interests to the task.  (To find me on Pinterest, just click HERE.)

     If you, as a Real Estate professional or Mortgage Lender have not included Pinterest as part of your marketing plan, I strongly urge you to give it a try.  I think you'll be very happy with the results, have a bit of fun with it, and find some pretty amazing tips and info while doing it too.
 
     Last week, as a result of my participation and following on Pinterest, I was named as one of the "Who's Who of the Real Estate Industry to Follow on Social Media - Pinterest".  I'm pretty proud of this accomplishment.

     But I share this announcement with you not to brag ... (okay, okay!  Maybe a bit), but to bring attention to 2 things:

1. The benefits Pinterest can provide to your business and business marketing
2. The fantastic Real Estate and Lending professionals that are available on Pinterest to learn from and share with

     I hope you'll check the Pinterest website out, discover how Pinterest can improve your business and knowledge, and find me there soon.  I look forward to pinning with you!

     Let's Get Pinned!

     *  If you're a Real Estate professional and have clients hoping to buy (or build) a home in the greater Chicago area,  Contact Me today!  I'll put my 37 years of Mortgage experience and expertise hard to work on their (and your) behalf.
     I can be easily found at:

Direct:  815.524.2280

Cell/Text:  708.921.6331

eFax:  815.524.2281

gmundt@goapmc.com

www.genemundt.com

Click HERE for a FREE Mortgage Quote!

            

              

         

Gene Mundt, Mortgage Lender, a Lender with 36 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, Joliet, Shorewood, Crest Hill, Plainfield, Bolingbrook, Romeoville, Naperville, etc.), DuPage County, the City of Chicago, Cook County, and elsewhere within IL.

How to Make Your First Mortgage Payment

 How to Make Your First Mortgage Payment     

    

 
     Inside Mortgage Finance News reported on October 28, 2014 ...

      "Total mortgage-related complaints filed by borrowers with the Consumer Financial Protection Bureau fell again in the third quarter of 2014 – the fifth drop in the last six quarters, according to figures compiled by Inside the CFPB.

     Data contained in the CFPB’s consumer complaint database show that such consumer gripes fell 17.6 percent in the third quarter of the year, and are now down 23.6 percent from the same period in 2013."

     It's also been documented via the 2013 CFPB’s Consumer Response Annual Report, that:

     "A full 26% of the complaints received that year surrounded the act of making Mortgage Payments ... i.e., loan servicing, making actual monthly payments, and escrow payments."

     It's great that the number of problems and complaints is finally down ... but why is this portion of the process still so frustrating for so many Borrowers?  How come so many new Mortgage holders don't know how to make their first Mortgage Payment? 

     The explanation is rather simple.  Unlike in the past, where a bank or Lender would handle the servicing of their client's Mortgage and accept the monthly Mortgage and Escrow payments throughout the entire term of the loan ... today's Mortgage servicing and servicing rights are often sold to outside sources, or companies called Mortgage Servicers.

     As a Mortgage Lender, I explain to my clients in detail at the time of their Application and again at their Mortgage Closing:  If the servicing of their Mortgage will be sold or sourced elsewhere, when it will take place, and how it will take place at some period after the Closing of their loan.  I also send my clients a "1st Payment Reminder Letter" that reiterates the detailed instructions I provided them regarding this matter.

     Still, questions sometimes still pop-up regarding this portion of the Mortgage Process ... and obviously they still pop-up for many other new Borrowers across the country.  Issues that are causing stress and frustration.

     So, I thought perhaps establishing a permanent reference point regarding the making of Mortgage Payments to new Mortgage Service providers would be helpful not only for my clients,  but also other new Mortgage holders as well.  

     There's certainly a whole lot to digest during a Mortgage Closing.  Maybe you felt deluged with papers and info. 

     But at the time of Closing you probably were provided a Letter or Notice that contained coupons or instructions for monthly payments.  Certainly that is the case with my company, American Portfolio Mortgage Corp.  There are two (2) coupons enclosed within our client's Closing Package.  

     The instructions I provide for those coupons' use include:  

     "Plan on using the coupon for the payments, UNLESS otherwise notified IN WRITING regarding a change in Lender ... or Mortgage Servicer.  In most cases, an actual change in servicing is not done until 45 to 60 AFTER Closing.

     However:  The transfer of servicing may have already been initiated.  So do not panic if your check for your monthly Mortgage Payment is not cashed or processed immediately.

     Should you note that this delay has taken place:  A delay typically means that the new Mortgage Servicer has been forwarded your Mortgage Payment, but not yet cashed or processed it."

     Note:  American Portfolio Mortgage Corp. (the company for which I originate) charges No Late Fee to its clients during this 15-day grace period, if the Mortgage Payment has been sent and received. 

     Moving Forward:  Please follow the Notices of Payments Due, whether the billing comes from your original Lender or an Assignee (the new Mortgage Servicer).  

     And Please Remember:  NO changes can be made to your Interest Rate, Principal Balance, or monthly Mortgage Payment during a change-over to a new Mortgage Servicer.  Only the Escrow Account can be affected by changes in Taxes or Insurance, over the life of your loan.

     I hope the above info alleviates some of the confusion or frustrations surrounding the making of your first Mortgage Payments or working with a new Mortgage Servicer.  

    But should you be in the Chicagoland area and have questions regarding a Mortgage or your loan repayment ... please contact me.  I'm always happy to answer questions or assist you with your Mortgage needs.

      
     *  Hoping to Buy, Build, or Refinance a home in the Chicagoland area?  Contact Me today!  I'll put my 37 years of Mortgage experience and expertise hard to work on your behalf.
     I can be found easily at:

Direct:  815.524.2280

Cell/Text:  708.921.6331

eFax:  815.524.2281

gmundt@goapmc.com

www.genemundt.com

Click HERE for your FREE Mortgage Quote

or Mortgage Consultation!

              

             

Gene Mundt, Mortgage Lender, a Lender with 36 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, Joliet, Shorewood, Crest Hill, Plainfield, Bolingbrook, Romeoville, Naperville, etc.), DuPage County, the City of Chicago, Cook County, and elsewhere within IL.

     

      
    
     

        

     

     

     

Gene Mundt, Mortgage Lender's "Mortgage, Real Estate, & Credit News!" - October 29, 2014

The year is slipping by fast ...

It's hard to believe that it's almost Halloween, but this Friday, the 31st, all sorts of little witches, goblins, and ghosts will be out roaming and haunting your neighborhood! 

Check out my post,"Tips to Help you Celebrate a Safe, Fun-Filled Halloween and Trick-or-Treating" to keep yourself and your loved-ones safe while out

enjoying the holiday fun.

To Help You Stay in the Halloween "Spirit" ...

The Tricks to Getting 10 Times More Referrals From Your Network ...

Whether you’re looking for clients, potential partners or otherwise, referrals are probably the best way to generate leads and meet high-value people. In addition, if you are introduced to someone through a person you trust and respect, their opinion of you will likely be more favorable than if you say met through a cold call, on Twitter or at some random event. Plus, these introductions can open up the floodgates to many more

high-quality leads.

Below are five ways to increase the quantity and quality of referrals you receive from your professional network.   (MORE ...)

11 Amazing Real Estate Facts to Entertain Your Brain ...

Ever wonder why brass doorknobs are so ubiquitous?  And More! 

Click on the pic on the left to read all 11 facts!

Are you Conversant with Millennial Culture?

Numbering 105 million, Millennials are larger than the Baby Boomer generation, and

20 percent bigger than the Gen X population. And Millennials are aging into home buying. According to the National Association of REALTORS® (NAR), among buyers under 32 years of age, 79 percent are first-timers.

While all generations use the Internet as the first step in the home-buying process,

younger generations typically purchase through the Internet, making it imperative

that your marketing strategies include the Millennial generation.  (MORE ...)

The Ultimate iPhone Listing Video ...

Sam DeBord explains how he shot a mobile-friendly, professional-looking video of one of his listings in less than an hour ...

You can always hire professionals to do video for high-end homes, but

the new iPhone makes it financially feasible to shoot a great video for

any listing. Let me show you how.

I recently wrote an article for WA REALTOR® Magazine that laid out the steps to create a high-quality real estate video on an iPhone. Now that I have even more experience with the technology, I thought it was time to break down the steps with an example of a video I actually created, with a few more details on how to do it effectively and make the video look professionally shot.   (MORE ...)

Body-Language Tricks to Make Anyone Instantly Like You ...

There's no question that body language is important.  And according to Leil Lowndes

in her book "How To Talk To Anyone," you can capture — and hold — anyone's

attention without saying a word.

We've selected the best body-language techniques from the book and shared them

here ...  (MORE ...)

Fannie Mae Recommends Using a Realtor ...

Do you really need an agent to sell your house in today’s market?

Click HERE to read what Fannie Mae suggests to sellers on the Know Your

Options section of their website ...

The "Who's Who" of the Real Estate Industry to Follow

on Social Media - Pinterest!

I'm very proud of being included in this group.  To read the entire

article and find other real estate industry members to engage with

and follow online, please click on the pic to the left.  

Hope you'll find and connect with me on all YOUR Social Media.

I'd consider it an honor and would look forward to sharing your

marketing and business messages ... and growing our successes together!

Should you have questions or clients in need of Mortgage assistance ... please

contact me.  I look forward to assisting them through the Mortgage process. Your

referrals are always greatly appreciated.  

Gene

Gene Mundt

Mortgage Lender  -  NMLS #216987  -  IL Lic.# 0006220

American Portfolio Mortgage Company

NMLS #175656

Direct:  815.524.2280

Cell/Text:  708.921.6331

eFax:  815.524.2281

gmundt@goapmc.com

www.genemundt.com

Click HERE for a FREE Mortgage Quote or Consultation!

If you have any questions at all just reply to this email.

I read every message sent to me and respond within 24 hours

Appearing Right Now For a Limited Engagement: Low Low Mortgage Interest Rates!

Appearing Right Now For a Limited Engagement:  Low Low Mortgage Interest Rates!

     Did you miss an opportunity to take advantage of the low Mortgage Interest Rates that popped-up over the last few years?

     Then NOW is the time to consider taking action.  The Financial Market actions have once again led to another period of slow-but-steady drops in Interest Rates on home loans.  

     If you're a potential Chicago-area Home Buyer ... or an  existing Chicago-area Homeowner ... I strongly recommend that you take the time now to investigate if new financial options are available to you.  Your time will be well-spent doing so. 

     Now before you start any naysaying, I know you've heard and seen a lot of media coverage on this topic.  But please, don't let media coverage or skepticism dictate your actions or keep you on the sidelines this time.  

     Don't let it keep you from, at minimum ... asking me questions or investigating if you can better your financial position via the low Interest Rates currently available.  The savings you reap can make your time and effort well worth it.

     So you ask ... Who's in a position to be helped by today's current low Interest Rates?

     Refinance opportunities exist for you if you have one or more of the following in your current financial scenario:

• You have Equity in your home.  (You owe less than a current Appraisal Evaluation)
• You have Equity in your home, but incurred some Credit Card Debt or Student Loan Debt, at higher rates of Interest and Monthly Payments 
• You have an Interest Rate you think is too high
• You have a 30-year term loan and can afford to increase your monthly Mortgage Payment slightly to reduce your Mortgage Term.  (20-year, 15-year, or below)  You can save tens of thousands of dollars in Interest by doing so
• You have a FHA loan, taken out since June of 2013.  Refinancing may eliminate the Life-of-Loan Monthly Mortgage Insurance in your present FHA loan.

      
     Payment Reduction:  

• You have a Home Equity Line of Credit (HELOC) that is maturing or ballooning in the next few months or in the next two (2) years.  

 Note:  Many banks are NOT renewing or approving these loans for their clients.  A permanent Mortgage may be easier to obtain with a Mortgage Banker (like myself)

• Your ARM (Adjustable Rate Mortgage) is set to adjust within the next year or sooner ... and you're unsure of the effect an Interest Rate increase could have on your Monthly ARM Payment
• The Escrow on your current Mortgage has been mishandled, or there is a shortage that you can't pay in one lump sum, nor can you absorb the higher Monthly Payment adjustment.

     The above are examples of some of the ways that a Refinance can make good financial sense for you right now.  

     Appearing Right Now For a Limited Engagement:  Low Low Mortgage Interest Rates!  I urge you ... don't miss out on this money-saving opportunity.  Act quickly, as Interest Rates can change quickly.  Contact Me so we can get started right away ...

     

*  Hoping to Buy, Build, or Refinance a home in the Chicago area?  Contact Me today!  I'll put my 37 years of Mortgage experience and expertise hard to work on your behalf.
     I can be found easily at:

Direct:  815.524.2280

Cell/Text:  708.921.6331

eFax:  815.524.2281

gmundt@goapmc.com

www.genemundt.com

Click HERE for your FREE Mortgage Quote

and Consultation!  

              

             

Gene Mundt, Mortgage Lender, a Lender with 36 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, Joliet, Shorewood, Crest Hill, Plainfield, Bolingbrook, Romeoville, Naperville, etc.), DuPage County, the City of Chicago, Cook County, and elsewhere within IL.