Putting Together Your Fantasy Team


Putting Together Your Fantasy Team



Years ago, I took part in a few Fantasy Football Leagues.  And yes, I said a few ...

Admittedly, I'm a sports fanatic.  Just ask my wife.  I played basketball, football, and baseball in high school.  Participated in softball, basketball, and golf leagues afterward for years.  (Yep, that's me in the pic, #40 for the Lincoln-Way Knights.)

Marilyn and I dated to the glow of a radio receiver tuned to the Chicago Blackhawks.  I took her to a hockey game on our honeymoon.  We celebrated our 25th anniversary at the Masters.  Having only sons, our family vacations were known as "Stadium Tours".   

I'll also cop to being a bit of a "stat" and detail nerd.  So participating in a Fantasy Football League scratched a lot of itches for me.  Yep, Marilyn's a very understanding and patient woman.

I found all the drafting and trading of football players fun.  I really liked doing the homework on teams, players, statistics.  Don't even begin with the competition with friends and co-workers.  It got my blood pumping.  It was all done good-naturedly, but it did get pretty fierce at times.

Evidently, I'm not alone.  The Fantasy Sports Trade Association reports that approximately 56.8 million people played in some sports Fantasy League last year.  Consider these statistics too:  

  • Over 80% of Fantasy League players say they are likely to continue to play for at least another decade  
  • More than 40% say they play for the rest of their life
  • 40% of Fantasy players participate in more than one Fantasy league


But right about now you have to be asking, "What the heck does this have to do with mortgages or buying a home?"  

Well, I see some parallels between drafting and playing a Fantasy Sports Team and drafting/working with a Fantasy Home Buying Team.  I'm sure you're not surprised.

But how?  Think about it ...  

Those playing in a Sports Fantasy League think nothing of dedicating large amounts of time to analyzing and researching the stats of players during drafting or trading.  They must consider:
  • What's the athlete's conversion rate? 
  • How often were they intercepted, etc? 
  • What's their win-loss record?
  • Are their injuries that would keep them from playing or performing their best?
  • What results can you expect? Is the athlete a Hall of Fame-level player?  

I hold that the same amount of time and level of effort should be given to the research and search for home buying and financing professionals.  Many of the questions should be one and the same.  They must ask:

  • What's the LO's or agent's conversion rate?  What percentage of their clients get to the closing table successfully?  
  • What percentage of transactions close on time?
  • What's their win-loss record?
  • What's their reputation?  What do past clients say about their services? 
  • How does the LO/agent compare against others?  How do they perform?  How fast or healthy are their response times?  
  • What effort do they make during "crunch" time? Do they show up or fade at crucial times?
And the list could go on ...  

All I'm saying is, whether it's a Fantasy Sports League or dedicating time to competitive shows like "The Voice" or "Dancing With the Stars", you're often making comparisons or vetting participants.  You should do much the same when choosing your real estate and mortgage professionals.  Devote some time and put some thought into it. 

Draft yourself a winning "team" while financing or buying your home ... 



 Contact Me Now!

If thinking about buying or refinancing a home in the New Lenox - Will County/Chicagoland region, Illinois and Wisconsin ... contact me at the site - numbers on my jersey:  



815.524.2280 
708.921.6331
Fax:  815.524.2281

 Get a Quote & Answers Now!

   


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 and Welcomed!












GO! GO! GO! "Get Organized" and Ready to Buy a Home



GO! GO! GO!
"Get Organized" and Ready to Buy a Home 


Did you know that January is "Get Organized" (GO) month?

 Get Started Today -- Contact Me!Every January, since the inception of "Get Organized" Month in 2005, the National Association of Professional Organizers has highlighted and promoted the many benefits that can be realized through the advancement of organization and efficiency.  Seeing to the elimination of chaos, clutter, and disorganization improves lives and mental health too.

Suggestions and even printables for organization and de-cluttering are everywhere.  Pinterest is a great place to find multitudes of choices and guidance on each.  (I provide a link to just one of many available on that site). 

Most when considering organization only think of it as it relates to their home or their office.  Decluttering and organization occur during spring cleaning or prior to the sale of a home.  Both are a commendable goal, but neither touches upon an area of our lives that should be of huge concern to us.  And that's ... 

Our finances.

I can't tell you how many times I've had prospective borrowers step into my office (or contact me) with their finances in complete disorder and disarray.  The important info needed during pre-approval or mortgage application misplaced, unavailable, missing.

This information and documentation should be easily available to us at all times, but organization becomes near mandatory during the period of time leading up to an Application for Mortgage and continues throughout the financing process.  If that's not the case, the experience of obtaining a mortgage is certain to be a painful one. 

So, if you're thinking of buying a home (let's say anywhere from 6 months to a year or more in the future) what info and documentation should you begin to gather and organize prior to your first conversation with a loan officer? 


 Gene Mundt's Mortgage Checklist
I suggest you focus on the following during that important prep time:

  • Immediately Check and then continue to monitor your Credit Report:  Go to  annualcreditreport.com - (Authorized by Federal Law)  This website is a source of FREE Credit Reports. 
  • Seek referrals, search for, and then talk to a Lender/Mortgage Originator.  
  • Educate yourself regarding your Employment History:  (Current and last 2 to 3 years minimally is most important)

  1. Income Level:  Hourly Rate? Salary Level? Commissions? Bonus? Etc.
  2. Frequency of Pay:  Weekly? Twice Monthly? Every 2 weeks?

  • Know - Familiarize yourself with the items on my Mortgage ChecklistStart gathering this documentation as you move closer to Mortgage Pre-Approval/Mortgage Application. 
  • Credit/Debt:  
  1. Have major financial/debt issues occurred during the last 2 years? 
       A.  Short Sale? Foreclosure? Bankruptcy?  Judgement?   
       B.  Know the exact dates of the event   

   2. Know the amount of Re-occurring Monthly Debt from:

        A.  Mortgage(s)
        B.  Credit Card(s)
        C.  Installment Loan(s)
        D.  Personal Loan(s)
        E.  Alimony
        F.  Child Support
        G.  Student Loan(s)
   (Limit new debt prior to and during your Mortgage Process)

  • Down Payment/Savings:
    1.  Understand the AMOUNT of funds that can be liquid come the date of Closing.  
    2.  If you have funds in a Retirement Account, identify the terms of a loan against or a withdrawal from a 401-K or IRA.
    3.  Avoid transferring/moving funds from accounts during the 60-days prior to Application.
    4.  Do NOT close any of your Accounts
    5.  Consider opening a bank account solely for Down Payment Fund purposes (unless you are already in the loan process)

  • Gift Funds:
    1.  Gift Funds (in most cases) are perfectly acceptable for Down Payment or Closing Costs, or both.
    2.  Know the details (how much, from whom, and when) the Gift Funds can be available.
    3.  Understand that any transfer of Gift Funds will need to be fully-documented if performed during the Contract Period or after Mortgage Application. 

No doubt about it, there's a lot to know and do during the time you're seeking your mortgage financing.  And you can be just as sure that the more organized and educated you are, the more quickly and smoothly the process will flow.

So celebrate during the month of January and "Get Organized".  De-clutter, re-arrange, organize, pitch, throw-away, contribute away.  But don't overlook your finances, receipts, documentation, and papers too.



 Contact Me Today!
* Hoping to Buy or Refinance a home in New Lenox or elsewhere in Chicagoland? 

Contact me!  I'll 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 Licensed

American Portfolio Mortgage Corp.
NMLS #175656


Direct: 815.524.2280
Cell/Text: 708.921.6331
eFax: 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 Greatly Appreciated and Welcomed!











Protect Yourself: Don't Let the Equifax Breach Come Back and Bite You at Tax Filing Time


Protect Yourself: Don't Let the Equifax Breach 
Come Back and Bite You at Tax Filing Time


Equifax Breach News and InfoThings move quickly in this era of the internet and social media.  Yesterday's news is quickly erased from our memories and replaced with today's headlines ...

An example of this is last Fall's Equifax breach  (announced on September 7th, 2017).  This breach quickly fell off the news radar.  

That's not good because this devastating data compromise could now come back to bite the approximately 145 million Americans affected by the Equifax Breach. 

How and Why?

Social Security Numbers.  Social Security Numbers were part of the data put at risk by the breach.  

Those stolen Social Security Numbers can serve as fodder for crooks to file fraudulent tax returns and gain access to your tax refunds.  As we enter the 2017 tax filing season, you and other taxpayers need to be aware of this existing danger and take pro-active measures to protect yourselves. 


 Contact Me NOW!
So what can you do to help avoid a fraudulent return being made with your Social Security Number?    
  • File your Return as early as possible 
  • Take steps to prepare yourself for a quick, but accurate filing
  • Start gathering documentation, receipts, and records from your employer (or 1099's), financial institutions, charitable donations, student loans, mortgage holder, property tax escrows, deductible expenses, etc. NOW  
  • Make yourself a list of ALL the items you will need to file your Tax Return  
  • Check the items off as you receive them
  • Monitor/Check websites of Credit Cards, financial institutions, etc. for online access to documentation needed  
By performing these pro-active measures, you prepare yourself to input the gathered info on your Return quickly and efficiently.  These actions will also benefit a tax consultant and minimize the time they need for filing your Return (should you seek the assistance of a professional tax advisor). 

Should you then wish to monitor the status of your filed Tax Return, you can download the IRS2Go.appTo do this you will need:
  • Your Social Security Number (or ITIN)
  • Your Filing Status
  • Your EXACT Refund Amount

But you must always remain aware that no one can ever let their guard down ...  

Even if you escaped the effects of the Fall 2017 Equifax Breach, it remains vitally important for you to continuously monitor all your accounts (including Student Loans, Utilities, Cell Services, Retirement Accounts, Investment Accounts, and Tax Returns/Refunds) on a consistent on-going basis. 

To accomplish this, I urge you to thoroughly review your FREE Credit Report (minimally once a year) by going to  annualcreditreport.com.  If at any time you find you have been compromised, take action immediately.  Then go to IdentityTheft.gov or call 1-877-438-4338 and report the compromise.  
  
Continue to act pro-actively on your own behalf.  Stay vigilant regarding the safety and security of your finances, credit, and debt.

If you have questions regarding the above, feel free to reach out to me ... or seek the advice and services of your own professional tax advisor.   If you need a referral to a reliable New Lenox/Chicagoland-area tax advisor, please contact me.  I'd be happy to pass along the name/contact info of a reputable professional in your area.


 Contact Me Now!
* Hoping to Buy or Refinance a home in New Lenox, Will County, 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'm easily found at:



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

American Portfolio Mortgage Corp.
NMLS #175656


Direct: 815.524.2280
Cell or Text: 708.921.6331
eFax: 815.524.2281

Get Answers .. Contact Me NOW!


  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   
 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.


Your Referrals are Greatly Appreciated and Welcomed!





Putting Together Your Fantasy Team

Putting Together Your Fantasy Team Years ago, I took part in a few Fantasy Football Leagues.   And yes, I said a few ... Admittedly...