Keep Those Mortgage Questions Coming!

Keep Those Mortgage Questions Coming!



     Maybe because of the timing of the release of Fannie Mae's new mortgage program ... that being December 21st during the week leading up to the 2015 Christmas Holiday ... the fanfare and media hoopla that typically surrounds the release of a new mortgage option for First-Time Home Buyers was somewhat drowned out.  Many people's attention, both public and professional, was simply directed elsewhere to a large degree on that day.


      So given that timing, I was particularly happy to receive the large number of questions and the feedback I did to my recent post regarding the "HomeReady" program entitled, "Lending Guidelines More Favorable for Borrowers".  Seeing those questions roll in told me that there is still a need for ... and excitement surrounding ... this program.


     The questions received gave me an opportunity to provide even more details about the "HomeReady" program within the responses I provided.  Details that will inevitably help further educate First-Time Home Buyers and their agents not only about the existence of the program ... but also the possibilities and options to be found within it.  It also helps me flesh-out just WHO might be well-served by using the program.


     Questions were exactly the response I hoped for when I wrote the post ... 


     Those questions told me that I triggered something within the reader.  Got them thinking.  Playing out scenarios in their head.  


     That they were measuring the pros and cons of what they had read.  Deciding if the program might be a good fit.  How the info might be utilized.  What options it might open up.


     From the questions I received about Fannie Mae's "HomeReady", I can report that there are many First-Time Home Buyers excited about it.  That there are agents out there already putting it to the test on the behalf of their clients.


     Like I said, exactly the response I hoped for.


     So ... keep those mortgage questions coming in response to what you read on my future posts and others.  Ask as many question as you need.  Because only through your questions will you find the info you need to make sound decisions about home buying, selling, or refinancing and more.


     (See some of the questions received/replies provided regarding the new "HomeReady" mortgage program by clicking HERE).



     *  Have a question about financing a home purchase or refinance in the greater Chicagoland area, Illinois, or Wisconsin?  Contact me!  I'll be glad to hear from you and provide you the info, guidance, and assistance you need.

     I can easily be found at:


Gene Mundt
Mortgage Lender  -  NMLS #216987  -  IL Lic. #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 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. 

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Gene Mundt

 Mortgage Originator  -  NMLS #216987    

                                 IL Lic. #031.0006220  -  WI License #216987                                                                                                    

NMLS #175656


Gene Mundt, Mortgage Originator,  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, #Wilmington, #Peotone, etc.), #DuPage County, the City of Chicago, #Cook County, and elsewhere within IL and Wisconsin. 


Your Referrals & Testimonials are Always Greatly Appreciated! 




This is really good of you to do this Gene.

Posted by Noah Seidenberg, Chicagoland and Suburbs (800) 858-7917 (Coldwell Banker) almost 5 years ago

Hi Gene - I'm sure you broke the news about this program to many of us. We've been talking about it and it looks like a great fit for some of our buyers. Thanks!

Posted by Dick Greenberg, Northern Colorado Residential Real Estate (New Paradigm Partners LLC) almost 5 years ago

Hi Gene.  Blogs that get people thinking and talking work well.

Posted by Conrad Allen, Webster, Ma, Realtor (Re/Max Professional Associates) almost 5 years ago

Gene,  timing of the announcement does impact the news. Many people were indeed focused on other things. I am sure there will be many other questions. Thanks for getting the news out.

Posted by Kathleen Daniels, Probate & Trust Specialist, Probate Real Estate (KD Realty - 408.972.1822) almost 5 years ago

Gene you sure gave me some very helpful advice for some of our home buyers - and I appreciated the email follow up as well. You are the true professional!

Posted by Anna Banana Kruchten CRS, CRS, Broker, Instructor, 602-380-4886 (HomeSmart Real Estate BR030809000) almost 5 years ago

 Good morning Gene. Think you for your helpful advice. I'm sure that as the year goes on there would be more questions. I think too many folks were distracted by Christmas.

Posted by TeamCHI - Complete Home Inspections, Inc., Home Inspectons - Nashville, TN area - 615.661.029 (Complete Home Inspections, Inc.) almost 5 years ago

Good morning Gene. Many can have questions, they are fortunate to share the questions with someone as knowledgeable as you.

Posted by Joe Petrowsky, Your Mortgage Consultant for Life (Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709) almost 5 years ago

It is good to see that you are sharing your knowledge and experience. Many prospective home buyers need to be educated.

Happy New Year!

Posted by Roy Kelley (Realty Group Referrals) almost 5 years ago

Another great post worthy of my mortgage pinterest board.  thanks for always getting news out.

Posted by Tammy Lankford,, Broker GA Lake Sinclair/Eatonton/Milledgeville (Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668) almost 5 years ago

It is great to know you are also getting good feedback from readers Gene Mundt, Chicago-area Mortgage Lender - .   I am also getting a good response from my blog which tells me the market is strong entering 2016.

Posted by DEANNA C. SMITH CERTIFIED MOBILE NOTARY, Highest Ranked Certified Mobile Notary in Virginia (Certified Mobile Notary Signing Agent) almost 5 years ago

We used your words of wisdom on this new program last night in a second generation (to us in referral) buyer consultation.

Posted by Sally K. & David L. Hanson, WI Real Estate Agents - Luxury - Divorce (EXP Realty 414-525-0563) almost 5 years ago

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