Such excellent advice from a mortgage lender. Yes, contacting a lender IS critical in the home buying process and while it certainly does not sound like it is as much fun as "looking at houses," it is imperative to know what you can - and cannot - comfortably afford. I have had clients who were not well positioned to buy, yet, after months of helpful direction from a lender and some work on their part, were able to buy the home of their dreams with much better terms.
The Reasons to Contact a Mortgage LenderASAP When Buying a Home
The following are statistics reflecting American's current financial habits. They're provided by the National Financial Educators Council:
- 60% of adults don't budget/keep close track of their spending
- 41% of young adults, ages 18 to 21, fail to pay their bills on time every month
- 69% of parents admit to feeling less prepared to give their teens guidance on investing than they do about sex
I can tell you as a Mortgage Lender, that I'm not surprised by the numbers reported above. I see/talk to clients on a daily basis that have little knowledge or comprehension regarding money, credit, or finances in general. Even simple basics.
And often, by the time I talk to these clients, they've already started the homebuying process. They've been online looking at homes, have attended Open Houses, or even started working with an agent.
They may already have a specific home in mind for purchase. If they have, time is of greater essence and the clock is ticking ... as in some Chicago-area housing markets, competition for good homes is extremely steep.
Yet, too often I find these hopeful homebuyers' finances are less then perfect and their credit power is not at optimum levels. They may be "approvable", but the Mortgage programs available to them are not as desirable as those available to those with better credit standings. Or "approvable" with some noted "asteriks" attached.
Those "asteriks" means it's going to take some real "clean-up" of their credit to get them to the Closing table. Work that gobbles-up valuable time and raises the stress-level of all involved within a transaction higher.
So what's a good solution to this dilemma?
Unfortunately I, as your Mortgage Lender, can't help you earn a larger salary. But that doesn't mean your finances and Credit Scores can't be improved. It takes:
- Education and Knowledge
- Effort and Hard Work
- Attention to Details on a Consistent Basis
All of which I can help you with or provide ...
I CAN however:
- Guide you through organizing and optimizing your finances
- Help you establish wise and useful Credit, if need be
- Provide you information and guidance that will help raise your Credit Scores
- Help you financially position yourself to maximize the options available to you for a Mortgage
Again, I do need time to accomplish that with you. And it must be said that the deeper your financial and credit issues, the more time we need.
Don't wait until you're hoping to view homes to seek-out a Mortgage Lender's services!! 6-months to a full-year ahead of when you hope to purchase is advised and needed for best results.
The Reasons to Contact a Mortgage Lender ASAP When Buying a Home: Credit-building ... Credit repair ... takes time. But keep in mind: Sometimes even small improvements made in your Credit Scores and finances can have a big impact on the Interest Rate you receive and the types of Mortgage Programs available to you when you buy your home. And they can translate into savings ... big savings.
So if you're hoping to buy a home now or in the future and you're represented in any of the statistics shown above ... or if you just hope to wisely maximize the power of the money you have worked so hard to earn and save, contact me (or a Mortgage Lender in your local area) now. The sooner you seek help and guidance, the better.
In the Chicagoland area, I can be easily reached at any of the following:Gene MundtMortgage Lender - NMLS #216987
Direct: 815.524.2280Cell or Text: 708.921.6331
Click HERE for your FREE Mortgage Consultation!
Regional Manager - Mortgage Lender
American Portfolio Mortgage Corp.
Personal NMLS #216987
NMLS # 175656
Gene Mundt, Mortgage Lender, a Lender with 36 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. Gene Mundt, Mortgage Lender can be contacted at:
815.524.2280 or via his email: firstname.lastname@example.org.
Contact Gene Mundt, Mortgage Lender soon!
From Northern Virginia to the Northern Neck, we provide you with stellar service (just read what some of our former clients have to say about it) and top notch market knowledge to help you sell your current home or buy your next dream home.