How Thick Will the Icing Be on YOUR Mortgage Cake?

How Thick Will the Icing Be

on YOUR Mortgage Cake?

     I  write mortgage and real estate-related blogs.  But I READ a lot of mortgage/real estate blogs too ... and the subsequent comments made to them.

     Often, another blogger's post or a comment left on mine will provide inspiration for my writing.  That was the case this morning ...

     Nicole Doty, Broker/Owner of Zion Realty in Gilbert, AZ, while commenting to a post of mine entitled,  "Are You a Hopeful Home Buyer?  Did You Just File Your Taxes?", stated: 

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

     Nicole is right.  The old adage of "timing is everything" is definitely appropriate when talking down payment funds coming from tax refunds.

     And many hopeful home buyers are receiving tax refunds right now ... or will be soon.  Tax refunds they hope to parlay into a down payment on a home purchase.

     Pair those tax-refund-down-payment monies with the lower interest rates currently available and you have a pretty thick and sweet "icing" for your mortgage cake.  Thicker and sweeter than the icing you'd have found on your mortgage cake even just a few weeks ago.

     Yep!  Timing is everything ...

     Unfortunately, no one can predict precisely how long interest rates will remain this low.  How long that "icing" can remain that thick.  Even industry gurus can't agree.

     So here's something to consider:  If you're hoping to buy soon ... or somewhere down the road in 2016 ... now might be a pretty sweet time to get started.  

     The ingredients in your icing ... tax refund down payment and lower interest rates, could make for a pretty tasty cake.  And great savings ... now and over the term of your loan.

     If nothing else, contact me now to see what options and possibilities exist for you to buy a home or refinance the one you have.  (IL & Wisconsin)  Doing so will definitely benefit you when you make your mortgage application.  

     But up until that time, it will help save you money.  Improved credit and finances benefit you everywhere in life.

     The timing is right to take action.  The time is now.  Let's talk!

*  Hoping to buy a home or refinance a home in the greater Chicagoland area?  Contact me today.  I'll put my 37 years of mortgage experience and expertise hard to work on your behalf.
     I can be easily 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:  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. 


Your Referrals & Testimonials are Always Greatly Appreciated! 




Frustrated ... as I can't get the post fonts and colors, etc. to show correctly here.  My apologies ... 


Posted by Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi, 708.921.6331 - 40+ yrs experience (NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656) over 4 years ago

This is good reading for prospective home buyers.

When you copy and paste, fonts can be an added challenge.

Posted by Roy Kelley (Realty Group Referrals) over 4 years ago

Gene,  the income tax return could pay down debt as well ... changing high DTI ratios to qualify a borrower. Point being that the tax return may just make it happen.

Posted by Kathleen Daniels, Probate & Trust Specialist, Probate Real Estate (KD Realty - 408.972.1822) over 4 years ago

Gene the only thing the so call industry gurus can agree on every year is that interest rate will go up by the end of the year, and they have been wrong the last several years.

Posted by George Souto, Your Connecticut Mortgage Expert (George Souto NMLS #65149 FHA, CHFA, VA Mortgages) over 4 years ago

Hi Gene - Good point. I can't help having the feeling that this is one of those "woulda, shoulda" times for home buyers.

Posted by Dick Greenberg, Northern Colorado Residential Real Estate (New Paradigm Partners LLC) over 4 years ago

Good morning Gene. I have spoken to a number of prospective home buyers over the last few weeks about using there tax return money towards a down payment, hopefully more will do the same.

Posted by Joe Petrowsky, Your Mortgage Consultant for Life (Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709) over 4 years ago

Gene, right now taxes are on everyone's mind, and especially buyers who are renting.    They will see some deductions if they buy this year while rates are still so low.

Posted by Joan Cox, Denver Real Estate - Selling One Home at a Time (House to Home, Inc. - Denver Real Estate - 720-231-6373) over 4 years ago

Your point is timely Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi .   For those who wish their refund check was larger, using it for a real estate purpose and allowing it to appreciate over time can increase it's "value" considerably.

Posted by DEANNA C. SMITH CERTIFIED MOBILE NOTARY, Highest Ranked Certified Mobile Notary in Virginia (Certified Mobile Notary Signing Agent) over 4 years ago

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