Mortgage, Real Estate, and Credit News: Essentials for Spring 2015!


Gene Mundt, Mortgage Lender - Essentials for Spring 2015!

     Friend:

     Spring is a great time to take stock.  Whether it's home maintenance needs to be tackled ... spring cleaning ... or financial tasks.
     
     So my newsletter this week is focusing on Spring "essentials".  All kinds.  Hopefully you discover a handful of ideas to educate and inspire you.

     Should the info found here raise questions regarding your present Mortgage, your finances, the possibility of becoming a "move-up" Buyer, Refinancing, or more ... give me a call.

     We'll investigate the options that exist for you presently, possible improvements for your financial scenario, and discuss the path you hope to take in the future.

     Enjoy the info provided.  Looking forward to talking again soon!  

Gene  

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Spring Home Maintenance:  After The Winter, The Repairs!!

     About the only good thing that can be said about winter is that it’s over. Okay, that’s a little harsh, but as people welcome the sights and sounds of gentler weather ahead, they realize that the Spring is likely to bring with it a daunting list of home repair and maintenance chores.

     Houses can suffer significant damage each year from Mother Nature, and homeowners should expect to invest some time and money to get them back into shape.  (MORE ...)

Why Your Exterior Needs Better Character (And How to Get It!)

     Is your home's exterior looking a little drab? 

     These homes were too, until character-boosting updates completely transformed their dull facades. Take a cue from their makeovers and you too can refresh your exterior. (MORE ...)

Celebrating Mother's Day - May 10th, 2015 - In & Around the Chicago Area ...
     Do you know how or where you're going to celebrate and say thank you to your Mother, Wife, or the other important moms in your life? 

     There's certainly a wide variety of ways to celebrate Mother's Day in the Chicagoland area, no matter what your Mom enjoys, her tastes, personality, and pocketbook.
  
     Take a peek at the info provided below.  Use it to plan something perfect for the Moms and special ladies in your life.  (MORE ...)

Weed Identification Guide ...

     We've chosen weeds common in gardens, lawns, and landscapes and provided the essential information you need for identifying and managing them. 

     Click on a link or image within the article to view the complete guide. (MORE ...)
5 Ways to Spring Clean Your Credit Report ...

Note:  Whether thinking of buying again or not, this is an important Spring task!

     Removing clutter at home removes obstacles to mental clarity by stopping up those little nagging drains that leak a little bit more of your energy every time you see that pile of papers that need shredding or the boxes of toys your kids no longer use. 

     And the same goes for Spring Cleaning your credit report in advance of kicking off your house hunt. It’s stressful to have little credit report glitches get in your way and hold up the process after you’re already in heated house hunt mode.  (MORE ...)

Please feel free to pass this info and newsletter on to anyone you think you enjoy or gain from it.   
Thank you!

Gene Mundt
Mortgage Lender  -  NMLS #216987  -  IL Lic. #0006220  -  WI Licensed
Direct:  815.524.2280
Cell/Text:  708.921.6331
eFax:  815.524.2281


Your Referrals are always greatly appreciated!

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FHA, VA, and Conventional Loans ... The Waiting Periods

FHA, VA, and Conventional Loans ...
The Waiting Periods


     There is a phenomenon at play in the American Home Buying marketplace currently.  Former homeowners that suffered financial catastrophe during the housing crisis (often referred to as "Boomerang Buyers") are asking ... 
   
      
     
     "How long after my Bankruptcy, Short Sale, or Foreclosure must I wait to buy another home?" 

     
     While it's difficult to summarize ALL scenarios in just one article, the following is a breakdown of the "typical" waiting periods in play following major credit events:

Conventional 

     Bankruptcy (Chapter 7)
     * 4 years after Discharge Date

     Short Sale
     * 4 years after Sale Date/Closing

     Foreclosure
     * 7 years after Sheriff's Sale Date

FHA

     Bankruptcy (Chapter 7)
     * 2 years after Discharge Date
     * 1 year for Chapter 13 

     Short Sale
     * 3 years after Sale Date/Closing

     Foreclosure
     * 3 years after Sheriff's Sale Date

VA

     Bankruptcy
     * 2 years after Discharge Date
     * 1 year for Chapter 13 

     Short Sale
     *  2 years after Sale Date/Closing

     Foreclosure
     *  2 years after Sheriff's Sale Date

     
     The above are the Standard Guidelines issued by the Agencies that most Lenders comply with.  There are exceptions to these waiting periods, but qualifying "extenuating circumstances" must be involved in each of these options.

     Please Note:  If certain financial hardships are found and met, there are cases where these waiting periods can be shortened or moved-up.  

     Since every situation and scenario is unique to the individual, it's best to seek my advice regarding your personal situation.  We'll get the info and answers that address your specific needs. 

     During our conversation, be prepared to provide authorization to:
  • Pull Credit Report(s)
  • Identify the Property Address involved in the previous sale
  • Provide written documentation for events leading to the problems experienced. That documentation can include:
            *  Tax Returns
            *  W-2's
            *  Pay Stubs
            *  Letters of Explanation (LOE)
            *  Job Loss
            *  Medical Reports
            *  Lay-off Notices
            *  And Etc. 

     Given current favorable Interest Rates and the rising rental costs/affordable housing prices still being seen in many housing markets, it's a great time for you to inquire about the options available for purchasing a home.  Don't let this opportunity pass you by.

     At minimum, we'll gain the FACTS regarding your personal financial scenario, provide you the assistance needed, and get you on the path towards a home purchase in the future ...




     *  Did you suffer a Chicagoland Bankruptcy, Short Sale, or Foreclosure?  Do you hope to buy a home again?  
     Contact Me today to discover what your home buying options are and obtain the assistance you need:

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

 
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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 Greatly Appreciated!

      
     

      

     

Celebrating Mother's Day - May 10th, 2015 In & Around the Chicago Area


Celebrating Mother's Day - May 10th, 2015
In & Around the Chicago Area


       

   Mothers Day 2015 is Sunday, May 10th ...
  


     

     Do you know how or where you're going to celebrate and say thank you to your Mother, Wife, or the other important moms in your life? 

     
     There's certainly a wide variety of ways to celebrate Mother's Day in the Chicagoland area, no matter what your Mom enjoys, her tastes, personality, and pocketbook.  

     Take a peek at the info provided below.  Use it to plan something perfect for the Moms and special ladies in your life.  


Chicagoland 2015 - Mother's Day Ideas 

Lady - A Women's Expo
May 9th, 2015
9 am - 3 pm
* Dozens of booths offering health tips/screenings, fashion, beauty, shopping, home decor, food, and more.  There's a "man cave" offered for men while moms are shopping and enjoying themselves.
Info:  708.326.9170 - Ext. 16

Mother's Day Tea Party
May 8th, 2015
Streams Rec Center - 24319 Cedar Creek Ln., Plainfield, IL
6:30 pm - 7:15 pm
* Make fun crafts and sip tea with Mommy, Grandma, Auntie or other special ladies.
Ages: 2 to 6 yrs. with Mom, Grandma, Aunt
Resident:  $12     Non-Resident:  $15
Registration is required
Info:  815.436-8812 

Mother's Day Blooms & Birds Hike
May 10th, 2015
9 am - 11 am
FREE
*  Enjoy the blooming flowers, vegetation, birds and more as you hike the Nature Preserve.  Refreshments and coffee cake served afterwards at the Nature Center.  
Registration is required.
Call:  708.946.2216

Mommy and Me

Friday: May 8th, 2015    
5:30 - 7:00 pm
Saturday:  May 9th, 2015 
3:30 pm - 5:00 pm
Ages:  5 and over
Fee:  61 Resident/Non-Resident (per couple)
         $15 each additional rider
*  Celebrate Mother's Day "horsing around".  Group riding lesson working with your own individual horse.
Registration is required.  
Reduced rates available when you register through the New Lenox Park District office.
Phone:  815.485.3584


Evanston History Center's 40th Annual Mother's Day House Walk
May 10th, 2015
Homes open between 12 Noon - 5 pm
*  Offered by Evanston History Center & Three Crowns Park
The Evanston History Center’s Mother’s Day House Walk has embodied the best of history and architecture. Addresses of homes not available in advance.
Tickets: $40 in advance 
                  $45 on Mother’s Day  
Children 12 and over require a ticket.  Evanston History Center members receive a $5/ticket discount, regardless of purchase date. Tickets are not mailed; they must be picked up at the Evanston History Center.
(Tickets are not mailed; they must be picked up at the Evanston History Center, 225 Greenwood Street, Evanston, beginning at 11 am on May 10)
Additional Info:  847.475.3410 

Mother's Day with Mamma Mia!
May 12, 2015
12 Noon
*  Mother's Day celebratory fashion show prior to showing of Momma Mia!  Come wearing your best 70's finery.  Live pre-show. 70's fashion contest held.  Celebrate Mother's Day with ABBA.
Tickets:  $12  
To purchase tickets: click HERE 
Info:  773.871.6607


Mother's Day at Little Red Schoolhouse 
May 10, 2015
1:30 pm

*  Animal Afternoons.  Families and their special laides can enjoy the animals during a casual afternoon encounter.
FREE
Info:  708.839.6897


1st Annual Pink Heals - Joliet Area Chapter
Mother's Day Walk
May 10th, 2015
8:00 am 
Channahon Village Hall 
Costs: 
Online Registration: Adults (18 & older) $25
Children (17 and younger) $15
Online Registration HERE  
In Person Registration on the day of the event: 
$35 - Adults  
$25 - Children

*  Walk for yourself or your loved one that has been affected by cancer! Pink Heals Supports WOMEN and THEIR Families, Not Causes! 
Info: http://pinkhealsjoliet.org   


    
   "Mom-to-Be" Pre-Natal Massages @ Spa Space
Open Year-Round
Space Space 
161 North Canal Street, Chicago
*  Voted #1 Pre-Natal Massage Spa Treatment by Parents Magazine!
Info:  312.466.9585

League of Women Voters - Evening with Eleanor Roosevelt
May 5th, 2015
6:30 pm
*  Actress Leslie Goddard portrays Eleanor Roosevelt for a night of living history.  At this dinner meeting, the spirit of Mrs. Roosevelt will live again as Goddard takes dinner guests on a journey through her personal joys and struggles during one of the most tumultuous periods in U.S. history.

SAIC Fashion 2015
May 8th, 2015
Day Shows:  12 Noon & 3 pm
Dress Rehearsal:  9 am
Tickets Needed:  Click HERE
Day Shows:  $75
Dress Rehearsal:  $40 
*  See the next generation's daring designers.  This year THE WALK features THE DOLLS, a performance by renowned artist Claudia Hart, and honors Legend of Fashion Diane Pernet.  THE WALK kicks off at 5:30 pm with a cocktail reception. 
For additional info:  http://saicfashion.org

Mother's Day Swim at Challenge Fitness Pool
May 10th, 2015
1:00 - 4:00 pm
Challenge Fitness Pool
*  All mom's swim FREE!  All invited, but regular admission applies to other swimmers.
Additional Info:  815.838.3621

Naperville Park District Culinary: Mother/Daughter Tea Party
May 9th, 2015
11 am - 12:30 pm
Naperville Park District - 95th Street Center Culinary Arts Room 303 
*   Enjoy your Mother’s Day weekend with a cooking class designed for mothers and daughters. The menus will include assorted finger sandwiches and lemon scones.  Designed for children 4 to 10 years of age.  No more than two children per adult.  
Registration Required.  Parent is FREE.  Register child.
Info:  630.848.5000


     Looking for a great Chicagoland restaurant for your Mother's Day Celebration and Brunch?  Consider the info and advice provided within the following article written by Gayot:

                 2015 Top 10 Mother's Day Brunch                    Restaurants in Chicago Area


Hope these suggestions prove beneficial to you.  No matter how you choose to celebrate ... Enjoy!

Gene Mundt
Chicagoland Mortgage Lender
NMLS #216987  -  WI Licensed  -  IL Lic. #0006220

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   Zillow Acct. of Gene Mundt, Mortgage Lender    Gene's Chicagoland Blog/Gene Mundt, Mortgage Lender 
Gene Mundt, Mortgage Lender, a Lender with 37 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

Your Referrals are Greatly Appreciated!

















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