Are You a Hopeful Home Buyer? Did You Just File Your Taxes?

 

Are You a Hopeful Home Buyer?

Did You Just File Your Taxes?



        Did you just file your taxes?  Or hoping to soon?     

 

      If so, and thinking of buying an IL/Chicago-area (or Wisconsin) home in the near future, now is the perfect time to talk to me to get started with your financing.

     Why?  Two great reasons ...
 

       

     As most lenders will want to see your latest (2 years) tax returns and W-2's, you've got some of thedocumentation requirementsfor financing already accomplished ... and handy.

 

      If you're receiving a tax refund, you've got funds "saved" and available for down payment needs on your home purchase.

 

     Producing tax returns is often the step of the mortgage process that proves most daunting for my Borrowers.  Having to dig-up returns and W-2's seems much like a chore.

 

     But immediately following the filing of returns, this paperwork is easily found and provided for mortgage pre-qualification and approval.  So doesn't it just makes sense to start the mortgage/documentation process when you're best prepared for it?

 

     I always recommend that hopeful home buyers start their search by talking to a lender.  In Chicagoland, and all of Illinois and Wisconsin, that's me.

 

     And the further ahead of the actual home search, the better.  Even as much as 6 months to a year is not allowing too much time.  

     It allows us ample time to check your credit and go over your finances in order to make sure both are at optimum advantage for your upcoming home purchase.  

     If necessary, we'll clean them up.  Spruce them up.  Polish them.  Energize them ... in order to position you for the best mortgage programs and interest rates available when you buy.  

     Your entire home buying process will go much more easily when you're organized and well-prepared for it.  Immediately following the filing of your income taxes gets you a great start on both ... even if you plan on buying at some point down the road.

     Take advantage of that fact andcontact menow to get started ... 

 

      If you're hoping to buy or refinance a home in Chicagoland, elsewhere in IL and Wisconsin, contact me.    I'll put my 37 years of mortgage experience and expertise hard to work on your behalf.

     I can be found at:

Direct:  815.524.2280

Cell/Text:  708.921.6331

gmundt@goapmc.com

www.genemundt.com

eFax:  1.815.524.2281

 

 

 

  

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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. 

 

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Comments

You have some great points!  It is now time to get some buyers.  Lots of new construction is popping up in the Northwest.

Posted by Jan Sohlman, RE/MAX Integrity (RE/MAX Integrity) almost 3 years ago

Gene, So wise ... not only will many have a nice refund but the returns are easily accessible.  No better time than the present.

Posted by Kathleen Daniels, San Jose Homes for Sale-Probate & Trust Specialist (KD Realty - 408.972.1822) almost 3 years ago

Gene your suggestions make a lot of sense to me, and hopefully potential Buyers reading this blog will will act upon your suggestions.

Posted by George Souto, Your Connecticut Mortgage Expert (George Souto NMLS #65149 FHA, CHFA, VA Mortgages) almost 3 years ago

Gene -- buyer need to be prepared and be in the best position to start the home buying process.

Posted by Joan Whitebook, Consumer Focused Real Estate Services (BHG The Masiello Group) almost 3 years ago

I love the idea of a lender who will help people "clean and polish" their credit reports. Hooray for you!

Meanwhile... I don't want to think about taxes. 

Posted by Marte Cliff, Your real estate writer (Marte Cliff Copywriting) almost 3 years ago

my child is still waiting on a 1099 from Morgan Stanley and her "I really do have insurance" form from her employer.  Soon I hope

Posted by Tammy Lankford,, Broker GA Lake Sinclair/Eatonton/Milledgeville (Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668) almost 3 years ago

How many times, Gene Mundt, Chicago-area Mortgage Lender - www.genemundt.com we tell buyers to be prepared - and how many times they think it's 'okay', things will be fine!

Great reminder for buyers ---

"Your entire home buying process will go much more easily when you're organized and well-prepared for it."

Posted by Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale (LAER Realty Partners) almost 3 years ago

Usually a good idea to find a reason to be up and Adam about this. So to speak…

Posted by Laura Cerrano, Certified Feng Shui Expert, Speaker & Researcher (Feng Shui Manhattan Long Island) almost 3 years ago

I agree that the process can be tough, but that's always the way it is and that's what makes it worth it

Posted by Laura Cerrano, Certified Feng Shui Expert, Speaker & Researcher (Feng Shui Manhattan Long Island) almost 3 years ago

This seems like such a common sense approach, but then why do folks bury the files and make it such an ordeal? The world may never know. 

Posted by Scott Seaton Jr. Bourbonnais Kankakee IL Home Inspector, The Home Inspector With a Heart! (SLS Home Inspections-Bradley Bourbonnais Kankakee Manteno) almost 3 years ago

Thanka for the post:

Home buying process will go much more easily when you're organized and well-prepared for it.  Immediately following the filing of your income taxes gets you a great start on both 

Posted by Sham Reddy, CRS (H E R Realty, Dayton, OH) almost 3 years ago

Good morning Gene Mundt, Chicago-area Mortgage Lender - www.genemundt.com ,

You are so right the Home Buying process will; go much easier if you are well organized and have your ducks lined up in a row! It is common sense but many buyers are not prepared for the paper work..call Gene and he will help you simplify the process!

Posted by Dorie Dillard CRS GRI ABR, Serving Buyers & Sellers in NW Austin Real Estate (Coldwell Banker United Realtors® ~ 512.750.6899) almost 3 years ago

Yes, being organized and able to find key documents for the application process is very helpful, and having just done taxes/obtaining income returns is a great time to get started.

Posted by Kat Palmiotti, The House Kat (Grand Lux Realty, Monroe NY, 914-419-0270, kat@thehousekat.com) almost 3 years ago

It seems to be a busy market this winter in most places, Gene, so yes, buyers should find the trusted lender that works well for them...get it done, get comfortable with your price point & get your agent in gear...said so well.

Posted by Ginny Gorman, Homes for Sale in North Kingstown RI and beyond (RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate) almost 3 years ago

IRS refund, let's turn it into a house... the chunk of change needed to start up the buy a home process with a little help from the local professional real estate agent or broker Gene Mundt, Chicago-area Mortgage Lender - www.genemundt.com !

Posted by Andrew Mooers | 207.532.6573, Northern Maine Real Estate-Aroostook County Broker (MOOERS REALTY) almost 3 years ago

I like this, Gene. It's very upbeat and let's the potential home buyer it is not a scary process. Plus, you are offering to help them get in a good position to offer to buy.   

Posted by JoAnn Moore, Home Loans in Delaware (The Mortgage Market of Delaware) almost 3 years ago

In the land of loaning...visit with Gene Mundt, Chicago-area Mortgage Lender - www.genemundt.com and bring a lawn chair. You will be relaxing as he works

Posted by Richie Alan Naggar, agent & author (people first...then business Ran Right Realty ) almost 3 years ago

I sure would come to you for my financing needs after reading this. You're up front and get that info out there...right around tax time! 

Posted by Celeste "SALLY" Cheeseman, (RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE (Liberty Homes) almost 3 years ago

Depending upon the amount of the return it could be the icing on the savings cake a potential home buyer was waiting for. 

Posted by Nicole Doty - Gilbert Real Estate Expert, Broker/Owner of Zion Realty ZionRealtyAZ.com (Zion Realty) almost 3 years ago

Gene, I think that using your tax filing as a good starting point is great.

The hopeful buyer will have their documentation together.

I always want the buyer to start with a reputable Lender.

Our goal is to assist the home buying process go as smoothly as possible.

Well done.

Posted by John Wiley, Lee County, FL Real Estate GRI, SRES,GREEN,PSA (Right Move Real Estate Group- EXP Realty) almost 3 years ago

Buyers really need to pay attention to this, especially first time home buyers or even renters that are not thinking they can qualify, you never no when the right opportuntiy presents itself, and if you are not prepared by talking to the right people you may very well miss out- And the further ahead of the actual home search, the better.  Even as much as 6 months to a year is not allowing too much time.  

 

 

Posted by John Marshall - FORE!, Specializing in Golf Course Properties (The K Company Realty) almost 3 years ago

Nice post. This is a great time for future buyers to consult with a lender and determine whether to use their refund to get their debit to income in line or save for a down payment.  A good lender can help them make the most of their refund and be ready to get some great tax deductions for next year!

Posted by Shirley Coomer, Realtor, Keller Williams Realty, Phoenix Az (Keller Williams Realty Sonoran Living) almost 3 years ago

Love the paragraph about sprucing up their credit. Cute way to put it, and not as hard to do as people think. 

Posted by Karen Fiddler, Broker/Owner, Orange County & Lake Arrowhead, CA (949)510-2395 (Karen Parsons-Fiddler, Broker 949-510-2395) almost 3 years ago

I have all my returns as handy PDF's for whoever needs them.  When people get loans I tell them just keep it all handy on the computer to send it off when ever someone needs it.

Posted by Gene Riemenschneider, Turning Houses into Homes (Home Point Real Estate) almost 3 years ago

Great artical Gene Mundt.  So many wishing to buy a home do not understand about money for a downpayment and closing costs. If you want to buy a home, you need to be prepared to bring something to the table. Your tax return plus a grant is a great formula for owning a home. Planting the tax return seeds through the 4th quarter results in a great harvest this time of year.

Posted by Doug Kaller (Academy Mortgage, Reno, NV) almost 3 years ago

What great timing for your post, Gene Mundt, Chicago-area Mortgage Lender - www.genemundt.com -- anyone in Chicago, all of Illinois, or Wisconsin should heed your advice, gather their tax returns and other documentation, and talk with you about a mortgage!  

Posted by Maureen Bray Portland OR Home Stager ~ Room Solutions Staging, "Staging that Sells Portland Homes" (Room Solutions Staging, Portland OR) almost 3 years ago

Dear Gene,

With tax returns handy & rates down, now is a great time to talk to your favorite lender, even if you are still a few months away from buying.

Posted by Dörte Engel, ABC - Annapolis, Bowie, Crofton & rest of Maryland (RE/MAX Leading Edge) almost 3 years ago

I enjoyed your informative post, glad I came across it in the archives.

Posted by Winston Heverly, GRI, ABR, SFR, CDPE, CIAS, PA (Winston Realty, Inc.) almost 3 years ago

Participate