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KMBZ>Audio & Video on Demand>>Life As You Own It 5.8.14 Segment 3

Life As You Own It 5.8.14 Segment 3

May 8, 2014|

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  1. Life As You Own It10.24.14 Segment 2

    Audio

    Fri, 24 Oct 2014

     

    interest rates found at 1:48, 2:48, 7:54

    May be conventional but there's going to be some significant adjustments to interest rates . In a situation like this you're gonna wanna have a significant down payment if you're trying to go conventional because most mortgage
    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 them home now 700 above is is really ideally where you wanna beat. And we tell you there's adjustments 707 when he sat between a 7474. You know above typically 760 or higher. He would qualify for the lowest PMI rates if you're not put in 20% and you can get the lowest mortgage insurance rates. Just gonna qualify for the lowest interest rates . 74760. There are some minor adjustments and 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 odd score. You're over 700 but not quite the 720. You're probably paying about a quarter point higher rate than your neighbor who might have that 74575760. Score how much is an impact. Q well a 200000 dollar loan now thirty bucks so month. And I overtime nets in and a so it's important maximize the scores folks into get your foot in the door and deeply wanna be keep in mind to use that if you have a 76 year our credit score . Or 740 or seven when he or anything in there. Government loans there's not an adjustment so once you qualify for getting
    ugly Chris or what's gonna happen well you got some real pretty credit score a threat to get through pretty Chris the war. Anyway that much of the southern accent housing you got a real pretty credit score I don't know which your hand what's that mean mighty sale like that. Because I'm from the south right so all it does happen well we get this question a lot mark and you've got the answer what's it gonna be the effect with that. Lower spouse score well it is going to impair your ability possibly be at alone and it's definitely gonna hate you or interest rates they're gonna take the anyone who's gonna take the lower. Median score some median is gonna be that middle score. So if you've got to if you personally have a. 76740. And a 750. Your mid score is 750 if your spouse has a 68630. You know 610. His or her mid score is 630. So that means they're gonna have to they're gonna grade you as credit worthiness of a 630. Credit score which is going to make you work. Deal not real attractive if you even qualify. So yes it can edit what what
  2. Life As You Own It10.24.14 Segment 1

    Audio

    Fri, 24 Oct 2014

     

    john mark found at 10:16

    its keep on keep it on him. All right we're back live John Mark McDougal that I joined by Rosa vote you're filling in for Craig Miller we thank you for hanging out with a as
  3. Life As You Own It10.24.14 Segment 3

    Audio

    Fri, 24 Oct 2014

     

    tax efficient found at 4:23

    have more complexity but you have more opportunity. To put things any tax efficient fashion into you were the state. And to you know that's all we want avoid tax man pass on the warriors take
  4. Life As You Own It 10.17.14 Segment 2

    Audio

    Thu, 23 Oct 2014

     

    investment properties found at 12:36, 13:08

    hearts go South Carolina called the hotline to ask I purchase cheap investment properties in the last year and a and a total of five properties now. Including my house I live. I had mortgages on
    it to work at a higher rate of return and what does investment properties are yielding. And ideally they were cash flowing before you got this inheritance if not need to sell it anyway. And if they were your major money there. Get this inheritance to work for you at a higher rate of return then now what's writing off that expense for those investment properties is costing him so. You need to go you need to stay stay stay stay invest that money work with the financial
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Automatically Generated Transcript (may not be 100% accurate)

And it's. -- Aren't our backlog until the final segment thanks for hanging out with a syndicate one Craig did not like little rusty and maybe it's we've got I don't know -- we're focused on get the love and attention to the deserving mothers out there and teachers in the end it teach you -- -- -- on do we believe the children's future right you have no male -- wealth and we are the world if we are the children. I'm so folks remember you can check out the show you can get it podcasting go to like you own a dot com and you can listening need -- shows you can also follow us on social media. On Twitter FaceBook YouTube YouTube is a great place because you actually get seas Nvidia and I'm looking at you right now I'm looking at the camera. I won't do a better job of looking you in the islands being listeners OK adjusted right there cameras right that's right yeah arms so up please join his get some feedback let us know what you think let us know what you need as a cover for you wanna show. -- that is soon coming in. We've got some new markets and I'm -- we're going to be announcing very quickly -- -- the -- Like -- your backyard can blast the radio Alia. Lot of the some of the states it's it's kind of sad some of the state there's a a lot of people want to move and let's. Let's talk about that list. Where around the people were kind of ready get the heck out of dodge number one you know and one on the -- 50% of the people in Illinois why -- one into leave Illinois. 49%. In Connecticut 47 and Maryland's Nevada. Rhode Island New Jersey New York Massachusetts Louisiana. And Mississippi. On those were -- those of the ten that from the low of 39% up to 50% in Illinois. Wanted to get out of their state nasty back -- candidly. I've I went to school in Illinois. And I've spent a lot of time in Chicago went I can't speak to exactly what -- Economic factors that are driving people want to move but that is usually that if you look on this list many of these series were hard hit in real estate. And also on a up a component ending -- in real estate was also the economically they were having struggles that compound that pain that people are feeling so. People need to have jobs we need you'll have enough money to be left feed their families in and make their mortgage payments and so. Folks were optimistic we think the that the tide has turned consistently on employment is continuing to. Compress down lower and you know we think real estate as long as it's considered a long term investment will continue to be a good long term investment. When you compare it to the other option which is renting. -- -- what else is next my friend you have got that tough little funky stuff going on here this foreclosure. Hard to believe folks but we wanted to report -- little tidbit here this uninteresting and another breaking records for the least amount of money. Delinquent which led to a foreclosure but. We have report here -- for closure for six dollars and thirty cents worth of past due taxes. So apparently. A person didn't fully pay your property taxes in the city that the person lives and was for close to -- a foreclosed on her. So she must have not obviously rounded up or she -- -- check down or did something where she didn't cover the whole amount of her property taxes do. Real estate taxes how in the world six dollars and thirty cents was left over which led to foreclosure I do not know -- a hard time with this one because guess what you get some notices. You have to notify you by mail put a little. Sign on the front door something saying hey you're about to give foreclosed on but. Anyway six dollars and thirty cents folks could be -- new record for losing it should be in your -- That's crazy it is insane -- -- what's the legal action what's in the agenda for this week was the last bit of advice you'd like to give our listeners that are potentially out looking for a new home or. Maybe they're you know thinking of selling their mama anything you give them and it's. Be some savvy advice than -- for this coming week. The advice that I would give a -- right now I'm seeing all the time is that people are rushing out when -- pre approved on their home to purchase a home warming either chicken refinancing. They're not being asked a lot of questions and I don't think financial questions optometrists for qualifications -- what we're learning more -- more. Is that a lot of people get partially into the process and they get the heart breaking news that their -- getting turned down. All based on information should have been uncovered in the first place folks on the plant the seed deep into the. Your brain lit it live there go deep brother you want to always do you're gonna want. Dean asking questions UNL hall and if there if he is if it's a five minute pre approval process something's wrong you don't always -- -- easy folks have a dig in deep and figure out all the facts about your particular case. Whether it before they take with you qualified to do something or not you think -- -- he's he's going into a car dealership. Looking at a car -- its -- in in the car it's not like this a big -- guys think about it all right folks another installment of live -- We'll be enjoyed as much as we did check this out next week -- and as day.

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