Mortgages Made Simple with Rick Gundzik
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| Thursday, August 7, 2008 |
| Housing prices bottoming - August 7, 2008 |
We continue to receive a lot of interest regarding these 3 areas; Auctions, Bank owned property and housing prices. So this week we answer 3 listener questions in this encore episode. Have Housing Prices bottomed?, are Home Auctions worth my time to attend? and is a bank owned owned home easy to buy?
We present some compelling reasons to believe that housing prices have reached bottom. Looking back at past housing market bottoms gives us a good idea what might happen this time.
Home auctions are heavily advertised, but can you get a deal, or will a cash rich investor grab your dream home from you?
Many people advertise seminars which teach you the best way to get a deal on a home is to contact Banks that are trying to sell their inventory of real estate owned. But can the average home shopper crack this market?
If you have any questions you would like us to answer on our show, please call our listener line at 714-519-7833 or email mortgagepodcast@gmail.com.
Labels: bank, bank reo, bank repos, buying a home, economic stimulus, fed, federal reserve, finance, home, home auctions, housing prices, loan, loans, money, mortgage, mortgages, podcast, podcasting |
posted by Pac Res @ 7:10 AM   |
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| Tuesday, August 5, 2008 |
| Spinal Cord Charity Golf Tournament - August 5, 2008 |
Each year we sponsor a charity golf tournament to raise money for research to cure spinal cord injury. This year's tournament is on September 18, 2008 at the Westridge Golf Club in La Habra, CA. If you can golf or sponsor, please contact me. In the meantime, click the link below, sit back and enjoy watching all the golfers who had a great day while helping a worthy cause at last year's tournament.
Labels: charity, charity golf, golf, spinal cord injury |
| posted by Pac Res @ 6:55 AM |
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| Thursday, July 31, 2008 |
| Housing Relief Bill, Will it help You - July 31, 2008 |
We have received a ton of inquiries about this bill, so we decided to post this encore podcast for those who can't find it. There were a few changes in the final bill signed by the president, but nothing earth shattering. The best part of the bill is the tax credit for home purchases. This latest economic stimulus type Bill has the following three goals: 1. Help distressed homeowners, 2. Tax credit for First time homebuyers and 3. Permanently increase Fannie Mae loan limits to $625,000.
The most shocking provision of the Bill requires lenders to reduce a borrower's loan balance to 85% of the home's appraised value. The distressed borrower will then be able to refinance to an FHA loan.
The tax credit for first time homebuyers will be $7,500. However, it will only be eligible for homes purchased from April 9, 2008 until July 1, 2009. And finally, it will increase loan limits to $625,000 to try and keep the high cost states humming along.
If you have any questions you would like us to answer on our show, please call our listener line at 714-519-7833 or email mortgagepodcast@gmail.com.
Labels: bad credit, credit repair, equity, fed, federal reserve, fico, finance, home, housing prices, interest rates, investment, loan, loans, money, mortgage, mortgage rates, mortgages, podcast, podcasting |
| posted by Pac Res @ 7:29 AM |
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| Tuesday, July 29, 2008 |
| Home prices actually going up? |
According to National Association of Realtors median housing prices reached a low in February 2008 of $195,600 from the $230,200 peak reached in July 2006. However, since February, prices have risen for 4 months to a median price of $208,600, a 6.6% increase. Is now the time to buy? Has housing reached its bottom? No one ever knows, but if you can afford to jump into the housing market and you're buying a home for the right reasons, you know like shelter and a long term nestegg, it may be right for you. You can read the whole story here. Housing Prices Rise For 4 Months
if you're planning to really splurge, check out these nice little beach houses!
Razor, La Jolla, CA
Portabello, Corona Del Mar, CALabels: homes, housing prices, real estate |
| posted by Pac Res @ 6:53 AM |
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