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KMBZ>Audio & Video on Demand>>Life As You Own It 2.1.14 Segment 3

Life As You Own It 2.1.14 Segment 3

Feb 1, 2014|

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  1. Life As You Own It 10.10.14 Segment 2

    Audio

    Fri, 10 Oct 2014

     

    real estate found at 4:50

    to. Just get it done now by the way I'm really instant real estate and learning all about the topic to talk about us thanks so much for putting on a great show each weekend. Way to go Emilia -- -- he's just so -- or lady would be great lady writes. Okay Craig says that the should Easter should you go is should they should be cell at the peak. Look for the peak or sell now you know it's interesting you brought up what she brought up earlier about interest rates the same thing applies to real estate values and prices well. Nobody can tell with the markets Kennedy for sure. There's there's obviously people on both sides of the debate that say that housing prices are gonna stagnate. Some say they're gonna continue to go up some -- gonna take way off some say they're gonna drop. So how are you gonna know when you're at compete how's your husband and an owner at the -- out anchor how many amazing intelligent genius level radio talk show guys you listen to -- Or on TV shows that you may watcher -- every -- not going to become some overnight period it can just tell what the market especially
  2. Life As You Own It 10.10.14 Segment 1

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    Fri, 10 Oct 2014

     

    kansas city royals found at 2:41

    you that are -- -- the boys in -- are there in Kansas City Royals . That's home base no pun intended for Craig and I Axworthy intergalactic headquarters where life is you own -- are based here
  3. Life As You Own It 10.10.14 Segment 3

    Audio

    Fri, 10 Oct 2014

     

    tax deductible found at 2:47

    times barring money for your home equity going to be the most tax efficient money you can borrow. Taking had a personal loan Carolina credit using other types of credit likely will not be tax deductible . Whereas depending on. Following the RS guidelines and you've got a note they are won't go until now with the limited time we have. If you follow along those guidelines and you've got that benefit especially. Do you there's always that 100000 dollar. One time you know benefit your your exemption is a 100000 dollars or anything above that he need to do it tax repairs CPA count but. And we folks it's tax efficient money your bar and another big one. All right last bit is from our friends at midwest professional insurance services 3COM and home insurance. Gaps that many of our listeners may have number one is up. Understand the replacement cost of
  4. Life As You Own It 9.30.14 Segment 2

    Audio

    Mon, 6 Oct 2014

     

    interest rates found at 1:48, 2:47, 6:00

    programs. Maybe conventional but there's going to be some significant adjustments to interest rates . In a situation like this you're gonna wanna have a a significant down payment if you're trying to go conventional because most
    a little bit now you're able to get a little bit better interest rates you're able to get the mortgage insurance products that are out there. And and it's going to be more formal process remind at home -- 700 above is is really ideally where you wanna beat. And we tell you there's adjustments 707 when he -- between 74740. And above typically 760 or higher. He would qualify for the lowest PMI rates if you're not put in 20% and -- -- mortgage insurance rates. You're also gonna qualify for the lowest interest rates . 74760. There are some minor adjustments -- once you get under 740 even though somebody with a 725 would be considered good credit score . He will pay slightly higher interest rates may even an eighth of a point higher the somebody with a 740 some -- scored. You're over 700 but not quite the seventh when he you're probably paying about a quarter point higher rate than your neighbor who might have that 74575760. Score. How much is an impact you well a 200000 dollar loan now thirty bucks so month. And I overtime -- in and a so it's important maximize the scores folks into get your foot in the door and if we wanna beat. Keep in mind to do that if you have a 76 -- our credit score . Or 740 -- seven when he or anything in there. Government loans there's not an adjustment so once you qualify for getting
    mortgage insurance. And realize a savings of 50810200. Dollars. At the same interest rates all about having one educate you and teaching you how to break down the numbers he can do it. Greg Craig what's not -- the agenda will keep your agenda have thought let's let's spouse's credit score and that how to actually what happens if I I just -- is there incumbent on their credit score and I do that no you can't if you're going on the more folks in you winning is allowing them we --
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Automatically Generated Transcript (may not be 100% accurate)

All right folks we are back life as you -- it's. It's stuff marked on the. Last segment we want to continue I'll put those mentioned before we went to break in that is. Retiring perhaps. Are you thinking about downsizing you're thinking about moving into one of those maintenance provided villains. There's a lot of considerations as you get a little older in your ability to take care of home is not quite the same used to be. The expense of take your bigger -- -- you need all those kind of things come into play. You got to speak in -- retirement on -- and -- article off Bankrate dot com but that is not the six worst cities for CD rates. Now folks are gonna give these cities and if you live and one of them. I recommend you consider a bank not in -- say. It's OK number we got caught on here we've got to at Pittsburgh average one year CD rate is guess what Craig guess what point zero. Four point 13 that's assuming a minimum 101000 dollar. Investment point 13101000. Dollar CD. And -- not Chicago point 16. Was bankers are -- and rich in Chicago -- -- Cleveland point 17 there. We've got. Mil one day point 17 there's that the common theme here isn't there the cities are fairly closely and then up. We jump out to Seattle is point 17 also. So folks understand and then last is Detroit point 18. I five or six -- the -- -- -- That's it folks the earlier those your six where you need to make sure that you get with a saying it may be has a footprint in other. Locations because. Though will agree and we know that. That the yield on and -- O'Neal has might -- point 26 or point 27. And it doesn't seem like Koch has not a whole lot more than I'm getting. Well it's thirty to 40%. More than these cities are averaging it's double what you'd be getting in would we say. Was our first and -- isn't I think it was or. Hoboken or some get some like that. Poughkeepsie Pittsburgh point 13 that's what it all right you Pittsburgh bankers should just brought it ago. The -- how do you sleep at night parts of folks if year if you are before that. Very meaty interesting tidbit mark shared low excuse I don't it was -- -- and very interest to do is those mark just like you are so you going bad news these by. Folks that are saying hey it's time I looked into perhaps what I'm gonna do for Mike. Final home or at least retirement home yeah and some people have a very clear cut plan -- -- financial position anyone who get. You know sunny Florida by their retirement home and play golf and relax in the good weather well he's a Smart. The reality is is that not everybody's in that position and what I find just as it it just as happens when people were purchasing a home oftentimes it's an emotional decision. Same comes that -- say in the same -- for people who and the time comes to sell the struggle with it from an emotional perspective I talked a lot of folks that are retired already. Who say you know we just love our home or close to friends and saying only we've been here for 25 years and we just can't imagine packing everything up and move -- did that to them with the kids still to come home for Thanksgiving. All those things on the table and I appreciate respect others -- those bullet points at this year it may but the middle of the financial picture we say but. You need to sell your house. So folks by encouragement as we wrap up show today for those of you in this position you're contemplating what your retirement going to be like where you're already retired in -- looking at maybe. Doing a reverse mortgage which were gonna speak about reverse mortgage is next week on the show make you tune in for that. Just take the emotion out of it as best you possibly can't make it into -- business transaction you're gonna be okay have a roof over your head but if you wait too long. And you drag it out it's gonna cost you money and make your retirement that much more crunch potentially so. Make your move when it's time to make your move in based that off a financial figures and facts not your feelings there you -- out. Our folks next weekend on life visual on it a touch on -- sometimes -- a confused beast. That is the animal that is reverse mortgages and I should say I say it's not a confused peace -- many people are the perception. They look at it like I can't. One that if they're not careful may. -- -- -- -- -- -- He's got a little more dramatizing and I don't for a bite their arm we won't -- the -- office sometimes people have this perception that reverse mortgages or bad thing. I'll tell you that then they are they can't be -- -- you tune in next week you will be an educated consumer and you may choose to follow that path. Of the reverse. Mortgage. Why did you own it remember to state that --

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