1. Genes Chicagoland Mortgage BlogThursday, February 21, 2013The Questions You Should Ask Your Will County Mortgage Lender inOrder to Receive the Best Mortgage Financing for Your Needs*The Questions You Should Ask Your Will County Mortgage Lender in Orderto Receive the **Best Mortgage Financing for Your Needs* In earlier posts, I have addressed some of the more major issuessurrounding mortgages, mortgage processing, and mortgage closings. In my post, "WHY Home Buying Transactions Must Begin With HomeBuyers Getting Pre-Qualified!",I spoke of the great importance of being pre-qualified for your mortgage financing/prior/ to viewing homes.In "YourPreparation and Planning for Buying a Home Needs to Start Well inAdvance of Your Viewing of Homes",I addressed the time-frame you should follow as you begin the homebuying and mortgage process. Ive even provided helpful information as to HOW to find yourMortgage Lender.But once you have found and decided upon your Mortgage Lender, whatthen? What questions regarding mortgages and mortgage processing shouldyou ask? What needs regarding your financing should you see to fulfilling?*Below you will find a list of questions*, I think are important toask regarding your Mortgage and financing itself. Receive the answersto the following questions and youll be fairly certain that yourereceiving the best Mortgage option and service possiblefor yourfinancial scenario and needs: 1. How long is the Mortgage process? /(If there are no problems or issues that arise, mostmortgages are processed within a 30 to 45 day time period)/ 2. What Mortgage program is best for me? 3. What costs will be involved in my financing? /(Your Mortgage Lender should provide you with an estimate ofyour Closings Costs, called a Good Faith Estimate. Exampleprovided)/ 4. What Interest Rates are available to me? 5. Is "paying down" (utilizing Discount Point

2. s)the Interest Rate an option ... and is it wise for me to do? 6. When will you "Lock In" myInterest Rate? 7. What is the Annual Percentage Rate of my loan? 8. Is it possible for me to improve my credit quickly so I canreceive a better Interest Rate? 9. What Mortgage term suits my financial situation best? 10. What is the minimum/maximum Down Payment I will be asked to make? 11. Will my loan be "sold" after my Closing?12.*/ /*What are the Down Payment requirements for: A. FHA? B. Conventional Loans? C. VA Loans? 13. Is Mortgage Insurance necessary on all loanswith less than 20% down? 14. Does the cost of Mortgage Insurance vary with the percentage ofDown Payment? 15. Can I finance Closing Costs? 16. Can someone help me finance with a monetary gift? 17. When and How am I able to pay my taxes? 18. Is an Escrow Accountmandatory? *The Questions You Should Ask Your Mortgage Lender in Order toReceive the Best Mortgage Financing for Your Needs. *Yes, there aremany questions to ask during your initial conversations with yourMortgage Lender. */But making the effort and taking the time to askthem is very important/*/*.* /Its also the only way that you will cometo completely understand the mortgageoptions you have to choose from ...and receive the peace of mind of knowing that you have chosen the bestmortgage program for yourself and your financial future.*** *Have mortgage questions that need answers?* Contact me today! Lets talk and giveyou the opportunity to get the information and answers you need/before/starting the mortgage process. Well work together and give you thepeace of mind that comes with being fully-educated regarding home buyingand mortgage financing.I can be conveniently found at:Direct:815.524.2280begin_of_the_skype_highlighting 815.524.2280 FREEend_of_the_skype_highlightingCell/Text:708.921.6331begin_of_the_skype_highlighting 708.921.6331 FREEend_of_the_skype_highlightinggmundt@goapmc.com www.genemundt.com FREE ConsultationeFax:815.524.2281begin_of_the_skype_highlighting 815.524.2281 FREE 3. end_of_the_skype_highlightingSkype:630.219.1316begin_of_the_skype_highlighting 630.219.1316 FREEend_of_the_skype_highlightingYou are Invited to Follow Methrough any of the Social Media below:* *Posted by Gene Mundt, Professional Mortgage Banker at 1:11 PMEmail ThisBlogThis!Shareto TwitterShareto FacebookNo comments:Post a CommentNewer PostOlder PostHome Subscribe to: Post Comments (Atom)Blog Archive* 2013 4. (31)o February(12)+ Helpful Info & Hints for First-Time Homeowners Fil... + Youre Getting Married! Congratulations! Establi... + The Questions You Should Ask Your Will County Mort... + Considering Helping Your Child Buy a Home in Will ...+ Tearing the Heart Out of a Housing Transaction+ How to Choose Your Will County and Chicagoland "Su...+ WHY Will County and Chicagoland Home Buying Transa...+ Your Will County and Chicagoland Mortgage Closing:...+ Your Preparation and Planning for Buying a Will Co...+ Low Interest Rates and Lower Will County and Chica...+ Changes are Ahead! The "Perfect Storm" for Buying...+ 2013 "Manhattan Irish Fest" to Take Place on March...o January(19)* 2012(40)o December(13)o November(15)o October(12) 5. /www.blogger.com/rearrange?blogID=4274192691774335670&widgetType=BlogArchive&widgetId=BlogArchive1&action=editWidget&sectionId=sidebar-right-1>About MeMy Photo Gene Mundt, Professional Mortgage BankerNew Lenox, IL, United StatesI am a 35 year veteran of the mortgage/banking industry withextensive expertise and education in appraising, management, andmortgage planning.View my complete profile/www.blogger.com/rearrange?blogID=4274192691774335670&widgetType=Profile&widgetId=Profile1&action=editWidget&sectionId=sidebar-right-2-1>Simple template. Template images by nicodemos.Powered by Blogger ./www.blogger.com/rearrange?blogID=4274192691774335670&widgetType=Attribution&widgetId=Attribution1&action=editWidget&sectionId=footer-3>CallSend SMSAdd to SkypeYoull need Skype CreditFree via Skype