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Rent or Buy in Chicago or Chicagoland? Discover Your Options

 Rent or Buy in Chicago or Chicagoland?
Discover Your Options 

     It's no secret.  The cost of renting has risen all across the U.S. ... 
     An article in the New York Times, reported the following regarding the cost of renting nationwide ... and in Chicago/the Chicagoland area:

     "For rent and utilities to be considered affordable, they are supposed to take up no more than 30 percent of a household’s income. But that goal is increasingly unattainable for middle-income families as a tightening market pushes up rents ever faster, outrunning modest rises in pay.

     In Chicago, rent as a percentage of income has risen to 31 percent, from a historical average of 21 percent." 

     Another article on reported the following statistics and info:

     "The average apartment rent over the prior 6 months in Chicago has increased by $231.5 (14%)

     One bedroom units have increased by $147 (10%) and two bedroom apartments have increased by $307 (17%)"

     This jump in rental costs is proving worrisome, but motivational to many area Chicago/Chicagoland renters seeking payment relief.  The calls I receive are increasingly from those in this scenario.  

     Many of those inquiring are finding that a monthly mortgage payment would be less costly than their current or future monthly rent.  Plus buying a home with a monthly mortgage payment would make more financial sense for them moving forward.  

     So my questions are:  

     Are YOU presently renting?  Are YOU facing the prospect of an increase in your monthly rent soon?  

     If so, here's some facts and actions to consider:
  •  It's FREE to gain answers to your financial and credit questions (via my Chicago/Chicagoland mortgage services)
  •  My Mortgage Pre-Qualification is provided to you at no cost and no obligation
  •  An analysis of your monthly rent vs future monthly mortgage payments is provided to you at no cost
  •  Gathering info/documentation ahead of our conversation is beneficial and speeds the process for you

     So, at zero cost to do so, why continue to wonder what if? Why not know what is possible?  Seize the opportunity.  Ask questions!  

     If in the Chicago/Chicagoland area, Contact MeIf elsewhere in the U.S., contact a local LO, or call me for a referral.  We'll compare your current rental costs against those of a monthly mortgage payment.  Together, we'll discover if home ownership is a viable financial option for you.

     Rent or Buy in Chicago/Chicagoland?  Discover Your Options.  We'll discover the facts as they pertain to your personal finances.  If need be, we'll get you on-track financially, improve your credit standing, and on the path to achieve your future financial goals and homebuying.  

     Have that important conversation.  Ask questions.  Contact me today!

     *  Hoping to Buy or Refinance a home in Chicago or elsewhere in the Chicagoland area?  Contact me!  I'll put my 40+ years of Mortgage experience and expertise hard to work on your behalf.
     I can be easily found at:

Gene Mundt
Mortgage Originator  -  NMLS #216987  -  IL Lic. #031.0006220  -  WI Licensed

American Portfolio Mortgage Corp.
NMLS #175656

Direct:  815.524.2280
Cell/Text:  708.921.6331
eFax:  815.524.2281

  Twitter Account of Gene Mundt, Mortgage Lender   LinkedIn Account of Gene Mundt, Mortgage Lender   Facebook Acct. of Gene Mundt, Mortgage Lender   Pinterest Acct. of Gene Mundt, Mortgage Lender   
 Trulia Acct. of Gene Mundt, Mortgage Lender    Gene's Chicagoland Blog/Gene Mundt, Mortgage Lender 

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, Joliet, Shorewood, Crest Hill, Plainfield, Bolingbrook, Romeoville, Naperville, etc.), 
DuPage County, the City of Chicago, Cook County, and elsewhere within IL & WI

Referrals are Welcomed!





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