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KMBZ>Audio & Video on Demand>>Life As You Own It 7.16.14 Segment 3

Life As You Own It 7.16.14 Segment 3

Jul 18, 2014|

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  1. Life As You Own It 10.30.14 Segment 1

    Audio

    Fri, 31 Oct 2014

     

    retirement planning found at 10:58

    five years ten years twenty years. Take a look at your general retirement planning and they knew it. Make your financial decisions based upon that working in Q a sensible plan. Unfortunately with mortgages what most
  2. Life As You Own It 10.30.14 Segment 3

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    Fri, 31 Oct 2014

     

    craig miller found at 3:32

    this. Break in wyandotte Michigan ominous unique little known if not completely. Unknown effect for our listeners that is where I was born interest in. All right so so what's the fact frank that's where you're down one point 01 point early in Brett by Detroit there's so get through it you gotta all right frank you've probably. Gosh maybe you can drive by the birthplace of Craig Miller the guy I think his wyandotte how's that that regional hospital there's south Detroit maybe. OK so let's talk about your first of all your comment about your budget being tight frank chemists say. You gonna I wanna stay. He may be able to refinance to save money I don't think you're refinance and save enough money considering in a tight budget you don't wanna go shorter term. Mortgage in fact you could find yourself being hurt by that. It sounds good to get that low rate folks this goes to all of the other being enticed by that low rate but if your budget is all tiger not saving enough for retirement you're actually cheating yourself. Out of long term asset growth and additional money retirement. Even though he'd be paying your house off faster you're given up something that you could be earning
  3. Life As You Own It 10.30.14 Segment 2

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    Fri, 31 Oct 2014

     

    building home found at 2:23

    are gonna. But your battery cell homer a new home or your building home from scratch is this a lot that goes into the focus on his let's face it that's where you go to bed
  4. 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
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Automatically Generated Transcript (may not be 100% accurate)

All right is the final segment of this installment of the likes you and thanks for checking is that we hope you've had fun we hope you've learned something. And now we a lot of information governed the last segment slightly -- around fast OK we've got does some of the ways that you can go -- -- -- to the show because you're not gonna go broke. But if you choose to and this is this first one Craig and I can't help focus on looking good. So you know -- is has had a lot of work done. And -- make any spends it's not cheap you can't look at bag did that good you know going to the discounts. The discount laser. Whenever. I've had on all rhino last Steve that was -- you know -- and I know blasting IE as their last d.s other plastic every plastic you know. I don't -- come -- all did you know it's it's eight you know style over substance bottom line is. -- -- most of America's millionaires do not live out like we would think a millionaire lives they live within their means -- live below are -- -- below their means. So -- that's number one as well things look good being shaped to -- your body groom yourself to cure the nice thing that you have -- don't try to beat. Have the latest and greatest that it will catch on living paycheck to paycheck seems an obvious one and some analysts say gosh I just can't help -- live paycheck to paycheck but to others survey that shows. Virtually everyone who lives above the poverty line has the ability to -- twenty bucks a week saving. Is a habit. And it's something that if you develop at a young age. That it can become a part if you were financial DNA so you do you have the ability to save regardless how much money you make and that's when he dollars. On if you're -- just above the poverty line is a big chunk of money that will make a difference for you if and when you needed. I'm not people that play the lottery -- chances went in the water. Sitting him lynching so -- it's getting hit by lightning. Vending machine -- the Wall Street Journal analysis 95% of gamblers Li use in the end. You gotta know when to hold them and pull them. And what went on -- -- on -- -- of -- -- said they -- well I just -- that -- half truths to -- kind of -- and the dogs vet her for buying on credit folks don't get in the habit don't use this credit cards if you pay cash in your cognizant of and you're only spending what you have and I am not as much as you have that the chance of you. You know wait for an income statement that credit -- seem to get that shock or. A lot less likely and then the last -- what once Lebanese shall be evicted you wanna go -- be a victim the victim mentality -- blame us for whatever goes wrong your life so -- US currency when you get this promotional work is so and so nudged me now outer I didn't do this right -- you that is happening to have folks don't be a victim be a winner bee champion. And you do better in life and it doesn't matter if your credit score doesn't matter -- -- matter what it is some if you if you do the homework and you -- at things happen to good people we agreed that. Even some of the most devastating out of medical circumstances that people have undergone. They have come out stronger person stronger person it's amazing to see some of the people that have. Have a physical limitations. That I accomplished more than any of -- -- -- for yet and so -- -- -- and it may -- one last one last little tip. Is if it's moving time if you negotiate the deal on the purchase of the home with a -- -- and purchased. And one of the things we've told you for insurance purposes you need to do is take inventory why take inventory. You bring in moving company and assure they may be bonded and insured and all those things but if you don't know we lost it until a year and a half later. -- YouTube and good luck trying to last settled a claim with them so just for insurance purposes and -- -- combination -- no -- what its move with this the position it's in etc. Take inventory for your goods take pictures of them email those to yourself. And it again to revisit -- couple months ago -- a month ago is. Make sure that that inventories utilized for insurance purposes that it's updated -- and you've got the stuff available in the event disaster strikes on you are prepared so. -- That's all I got that's all we have we have try things that British this year we you next week so what will you be our next week here and wanna tune into the show same time same place same marking Craig to same bat station same -- replaced. Next week we will -- refi at home purchase missteps that your lender builder will think to tell you that is forget it's not that they don't wanna quipped you. It is easy step that slip through the cracks and I can tiny. We share those fighting me because -- can make you -- -- one more -- and post those to the web site. Prior to next week's show will single running or swimming encouraging go out there give the advance down low. On what we're discussed on next weekend show. And I doubt we appreciate you hanging out as we hope Jose a fantastic -- for you because I know it was good for me. It's good to meet him Barack America Nancy everybody's.

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