Gene Mundt - Let's Talk Mortgages & Real Estate!

     Today I was reading a blog posted here on ActiveRain.  The blog topic and resulting discussion that caught my eye was regarding the fear that many buyers are currently feeling when addressing  closing costs  and the mortgage application document  "Good Faith Estimate"  for their home purchase.    

    Seems buyers have heard the recent mortgage industry weather reports and they're skittish.  They see there are potential storms ahead in the lending seas.  They have little faith in the weather changing.  The construction of the ships they're utilizing seems somewhat faulty to them.  They have heard that ship captains might choose a path for their sailing that takes them smack into the eye of the storm.  These buyers are just not sure they'll ever reach their destination successfully.       

    There is no denying that the mortgage process has become much more intricate and hard to understand. This is a reaction to the problems and issues that surround the present mortgage crisis.  Costs, details, and mortgage options must now be spelled-out in mandated, explicit detail.  All of those things are good and serve to guide and protect those entering into mortgage lending.  

     But ... while trying to offer positive guidance and protection, the industry went "overboard" with demands for more documentation and expectations of the average home buyer.  Admittedly, it's become overkill for everyone involved!        

    It's easy to understand why buyers fear and dislike the whole process.  From beginning to end, truthfully, it's much harder to navigate everything about lending and the process of getting to the Closing table. The reaction to addressing the problem is the antithesis of what was hoped for.  While trying to whittle away a problem which was initially the size of a pontoon boat  ... a monstrous battleship was created.  And yes, boarding that boat can be pretty scarey!       

     And this brings me to the real point of my post ...       

     No lender can currently change the present demands being made for documentation.  Rules are rules.  Regulations are regulations.  Federal guidelines are Federal guidelines.  Underwriters will demand what Underwriters want and need.        

     There is no changing that, so my advice is to quit trying to row your boat upstream and against the tide!           

     This is YOUR Captain speaking!        

     What WILL make your mortgage processing less stressful, more manageable, and ultimately successful?  

      Your choice of mortgage lender!  Experience.  Knowledge.  Expertise.  Reputation.  Closing-Success Rate.   THOSE are the important attributes to weigh and check-out when choosing your lender.  But NO lender can provide a smooth and successful closing if you, the buyer/client, does not also contribute to a successful mortgage processing.       

     At this point, you hopefully have chosen me  as your lender  because of my many positive attributes.  My EXPERIENCE ... my KNOWLEDGE... my EXPERTISE ... my CLOSING-SUCCESS RATE.  If that is true, you must trust and rely on my ability and desire to ...  

• Share and discuss your financing options with you.  (Please, hone your listening skills.) 
• Construct the best path for a beneficial and successful closing together. 
• Once that path is chosen ... Listen and Follow Suggestions/Instructions for moving forward toward that successful Mortgage Closing based on  my professional attributes you chose and are listed above.  YOUR best interests are MY best interests also. 
• Be Organized with your communications, note-taking, documentation, and financial records.  That will speed-up response and processing time on both ends.   

     It is  my professional attributes  ... teamed with your listening skills, credit abilities, organizational skills, and willingness to produce requested documentation in a timely manner ... that will determine whether you reach your ultimate goal of a successful Mortgage Closing.             

     Much of the fear surrounding the mortgage process can be addressed and conquered by choosing and working with the right lender ... and through adaptation of the skills mentioned above.             

     Putting the time, energy, and muscle into finding the right professional mortgage lender for you ... and then placing your trust in your choice will calm fears.  Trust ... that the attributes that guided you in choosing to work with me are the very same attributes you should trust moving forward through processing.  I will provide you with honest assessments, strong guidance, and helpful answers. Trust ... that my experience, expertise, knowledge, and past closing successes will serve you well during your mortgage processing journey.       

     Ahoy!  Fears are cast overboard!  I will be your trusted Captain...