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KMBZ>Audio & Video on Demand>>Life As You Own It 4.30.14 Segment 3

Life As You Own It 4.30.14 Segment 3

Apr 30, 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

    Audio

    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 act like you -- it ramped up with yes this week in the final 45 minutes -- hang in there with us let's have some fun this last 45 minute mark -- Bring a little bit still color that some are. Oh okay so let's start there to start with fun okay. All right and it runs on that Venezuela is to crush their crushing cars and bikes to build houses. They are that as well as that until they were struck crushing abandoned cars and bicycles provide Rochus housing construction and supplement drastically reduced amounts of local steel. They had to say they have 101045. Automobiles 9601. Motorbikes and 530 yard bicycles. And they got -- so yeah that's the whole thing but I don't know rush that we had -- going to they're gonna turn into materials that they can build houses. So it's not technically folks is not that they're gonna use those to build the houses that would send a little better at the open of the show they're gonna use these to come up with the steal the shortage of the raw materials. And re purpose them for four construction materials you know. That would be -- huge improvement with the -- Hugo Chavez they're usually. In his dictatorship most of his people are living in this crash hopefully he lets the people get out of the car before they traction because they live in this cars down there off again. That's those are their houses right now that's right guy she she stayed out there aren't. All right also we talked about and we had a -- should he stay or should you -- segment where. We insulin it may -- could use a sub prime mortgage but of course our advice to that to her was you know -- The unity is sub prime -- -- need to do his first rolled sleeves and get back credit -- and cleaned up. On and and get that part done then. Look at buying a house and also -- -- a little tip to have two is if you're renting. Consider tried to identify a property that you can do at least purchase or potentially contract for -- and understand contract birdied. It is a mortgage on so if you can if if you're the buyer and you can negotiate the same kind of terms. Four they give -- the same rights of appreciation as -- as a lease purchase gives you more flexibility. Tony it is seller. -- -- -- -- -- If your cellar of the house you order to a contract for deed you always want to you create at least purchase contract but do not do contract pretty good if you're held to all of the the legal. Requirements -- that are a foreclosure. Just like a mortgage company would be all right so -- The sub prime what do you think of sub prime making a -- well I don't have a problem with it. I'm coming gives him advice to those -- here who have literally are used legitimately struggled with your finances if you legitimately struggled. You budget well to make sound financial decision you find yourself where you get to -- -- -- and finally get that car -- you know -- get approved for maybe even a mortgage. In yet you find yourself in financial trouble again a year later years -- three there you there's usually your reason for that. The only problem I have of the sub prime loan market that. I believe was a big problem before when we had a lot of it is that it allowed many people who were not financially. Savvy enough disciplined enough educated enough. And I don't mean education in general come -- financial education financial acumen to go heading into something it sure seemed like a good idea at the time. And it worsen their financial struggles that they've already constantly dealt with here's the deal folks. A sub prime loan could potentially be a solution for you. But you better make sure that you square yourself away in all other aspects of your financial plan before you choose to go that route. Oftentimes my opinion is. It's better to get everything squared away savior monies to save your time were on your credit and everything but to where you've become. The best version of your financial so if you can be before you take on homeownership rather than just -- in because there's now -- -- available to get you to the house. Yeah but that the other areas. You'll probably find yourself struggling not only those areas still. Now you've added house into the mix it's gonna it's too I think that's great advice dragon is -- reporting view that there's an increasing number of opportunities for you with larger down payments 25 to 35% down. You need to have an interest traded eight to 10%. And we're not saying as a terrible interest rates if your credit is is that that -- were saying you know what. May not make sense for you. On the -- to jump into that get the credit score cleaned up a little bigger financial house in order and recognize that with the 600 greater score. You can do an FHA loan with screen half percent down it's gonna give you very affordable housing payment yeah all right another installment of life that you -- it we appreciate you hanging out doesn't remember. To call 877301536. And eight at ten questions in the state assi.

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