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If YOU are a Renter, but Don't Want to Be ...

   If YOU are a Renter, 
but Don't Want to Be ... 

     Day after day, messages via social media and news media constantly show-up regarding the Rent VS Buy debate ...

     An article I ran across in Forbes is a prime example.  It offered some rather startling facts regarding the cost of renting (6/2015).

     The headline read ... "A Record Number of Americans are Spending More than 30% of Their Income on Rent".

     Here are 2 statistics from that article that caught my eye: 

     1.  One in five renting households making $45,000-$75,000 a year are spending more than 30% of their income on rent. 

      and ... 

     2.  Meanwhile, it’s good to be a homeowner. The number of households paying more than 30% of their income on housing has declined for three straight years to 39.6 million, or just a quarter of homeowners.

     Add the following info and stat from the "How America Views Homeownership" survey into the debate:  

  • People who currently rent show a desire to buy homes, with only one in 10 saying they prefer renting over owning   
     So why are so many of today's Renters not asking questions, seeking guidance, inquiring about home buying, or taking action to buy? 

     That's a question that haunts me as a Chicagoland Mortgage Originator ...  

     But maybe the survey offers insight:

  • Attitudes about homeownership are positive, but consumers’ misperceptions about credit score, down payment and income requirements persist      

     I can't address or clear-up every misperception out there with just one post.  So my objective today is simpler:

     I want to convince those presently renting ... but hoping to buy a home ... to contact me or pick-up their phones and call me (or their own local Mortgage Originator).  To get FACTS ...

     If you're a Renter and fit any of the following categories:
  • You hope to buy a home, now or at some point in the future
  • You were a homeowner in the past and hope to become a homeowner again
  • You have not had your Credit Scores run by a Mortgage Lender  (Scores/Reports offered by others, such as Car Dealers, Credit Card Companies, online sources can be vastly different from those utilized by Mortgage Lenders)
  • You know your Credit Scores and need help/guidance in improving them
  • You're tired of renting
  • You have questions regarding what homebuying possibilities and options exist for you
  • A cost comparison/financial analysis would benefit you
  • More ...
     Make that call or contact:  You may be one of those currently renting that thinks or assumes (incorrectly) they can't buy a home ... but actually can.  I see it often.

     Please note:  I'm not saying there's anything wrong with renting or not wanting to be a homeowner.  That's not the intent of my message.  

     But there IS something amiss, if ...

     You WANT and HOPE to buy a home ... yet pass on your dream of homeownership because of misperceptions, preconceptions, or inaccurate info.

     If that describes you:  I urge you to have a conversation with me soon.  

     That conversation holds the key to gaining the facts and answers you need to make sound decisions about buying and renting.  


     The info/answers gained from your conversation will:
  • Be based on YOUR finances 
  • Be based on YOUR Credit Scores 
  • Be based on YOUR needs 
  • Provide valuable info that can serve as YOUR personal roadmap moving forward

     The info provided will be based on FACTS.  Facts as they pertain to YOU.  Not myths or stories.  

     If you're a Renter, but don't want to be:  Get facts now ... 

     If in need of mortgage answers ... or if you're hoping to Buy or Refinance in Chicagoland, Illinois, or Wisconsin ... contact me today!  I'll put my 37 years of mortgage experience and expertise hard to work on your behalf.
     I can easily be 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   Zillow Acct. of Gene Mundt, Mortgage Lender     Gene's Chicagoland Blog/Gene Mundt, Mortgage Lender 
Gene Mundt, Mortgage 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!





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