The 10 Commandments While
Applying for Mortgage
There's an abundance of info available for Home Buyers looking to be Pre-Qualified and Pre-Approved for a Mortgage. And that's great.
Gaining financing info is the first step towards successful home buying ... and perhaps the most crucial. And let's face it. The majority of home purchases today depend on it.
So what are some of the things that you as a Buyer should be concerned about while your loan is being processed? How can you help your processing stay on-track and successful?
First, Buyers (and those Refinancing) must understand that the "work" is not done when you reach Underwriting. You may still be called upon to answer questions from your Originator. And further documentation may be needed to address issues that arise during the Underwriting process.
But it's vital that you remain aware of your expenditures, credit standing, debts, and finances throughout your entire Mortgage process.
How can you do that?
Below you'll find a list of "Commandments" that I believe you must follow during your Mortgage Process. * Please Note Commandment #10 ... I can't stress it's importance strongly enough.
Prior to:
- Making any change in your employment
- Making a change in the manner in which you're paid
- Incurring more debt
- Charging a purchase
- Buying a new vehicle, furniture, or decor for your new home
- Making Deposits or Moving Monies between accounts
- MORE ...
Contact me for guidance and info. Even seemingly small actions or changes can have huge consequences on the Mortgage Approval you seek.
Don't jeopardize the timing or success of your Chicagoland mortgage financing. Follow the "10 Commandments While Applying for Mortgage" ...
Should you be thinking of Buying a home or Investment Property ... or Refinancing a home in the greater Chicagoland area, contact me. I'll be happy to answer all your financing questions and 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 Lic. #216987
American Portfolio Mortgage Corp.
NMLS #175656
Direct: 815.524.2280
Cell/Text: 708.921.6331
eFax: 1.815.524.2281
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.
Your Referrals are always Welcomed and Appreciated!
Your Referrals are always Welcomed and Appreciated!
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