Search results matching tags 'Financing', 'KC Online Community', and 'Kansas City'

"The fabric of our lives".... Our Credit Scores?

230330 — Wed, 20 May 2009 13:38:00 GMT

Wow.

Where we live and how we live....What drives us? Are we, each of us, the sum total of our credit scores? These scores affect our ability to rent a car, acquire and keep property and casualty insurance...open a bank account...and for 32% of all employers, the ability to choose the "best" candidate for the job. (?)

Mortgage reform, led by appraisal reform, is now followed by credit card reform....

According to USAToday, the Senate gave the House permission to work on a bill that would limit credit card companies' ability to raise lending rates without providing a clear cut understanding of why the rates were raised, and how to return to a lower rate at a future time....

President Obama requested this action, and is therefore expected to sign this bill into law....Opposition states that more than 5,000 people may lose their jobs....Well, so what?

Their employers are engaging in predatory practices....Not the employee's fault, and it affects us all...millions of us, on a daily basis. Should we do what's right and lose a few jobs? Uh, yeah.

Unfotrtunately, cotton has been replaced by your credit score as "the fabric of our lives"....

When it's time to decide where you should live, should we talk?

"Where did my Equity Go?"....Final chapter

230330 — Tue, 19 May 2009 17:53:00 GMT

In his work, Conspiracy of the Rich, Rich Dad entrepenour, Robert Kiosaki, discusses the fact that during our current crisis on Wall Street, wealth didn't evaporate, it just changed hands....WHAT DOES THIS HAVE TO DO WITH REAL ESTATE?

Your equity, your value, may come back....If it does, and that's a big if, respected economists are judging the process to take place over YEARS, not months....

Hang on, I'm getting there....We are constantly asked questions regarding timing....Specifically, is this a good time to Buy, Sell, Hold, Reinvest, Step Up...and so forth.

Yes, No, Maybe...depends on your objectives. For most of us, not all of us, now is a great time to make a purchase while product prices are lower, and interest rates are at 30 year lows....Some, more than others WILL BENEFIT.

Your objectives drive your strategy and your actions. Many are buying because they have been told that's a sound strategy....MAYBE NOT. Our biggest reponsibility is to JUST SAY "SLOW".

Our clients expect fact, not fiction. Should we talk?

Are you sick of the doubletalk? Low interest rates that are not available....Huh?

230330 — Sat, 04 Apr 2009 12:53:00 GMT

As posted in USA TODAY, lenders are cutting the credit available to qualified borrowers....These folks carry lower balances and use their cards less....Resulting in lower profits for the card companies and their processors....Hum. Ironically, thee same people are recieiving some of the lowest interest rates in history as they purchase a Kansas City home.

http://www.usatoday.com/money/perfi/credit/2009-04-02-credit-cards-responsible-borrowers_N.htm

In an interesting turn of events, if you are in the market for a Kansas City real estate, the mortgage industry is doing you a favor, making credit available for qualified buyers at record low interest rates...Our current 30 year fixed mortgage rates are at a record low...

http://www.usatoday.com/money/economy/housing/2009-04-02-mortgage-rates_N.htm

Kansas City homes are in demand, with prices increasing last month almost 1.3% over the previous 12 month period, making your Kansas City Realtor your best friend. Our clients expect straight talk, not doubletalk...Should we talk?

"Maybe....I'm looking for reasons to leave my apartment behind, and...."

230330 — Fri, 03 Apr 2009 19:04:00 GMT

...Martin, what are the primary advantages for buying a home?"

Chris and I get the question all the time...."Should I buy or rent?" The answer is simple, maybe.

There are three primary reasons to buy....

1-Mortgage Interest Tax Deduction

2-First-Time Homebuyers Assistance, $8000 Tax Credit

3-You are sick and tired of paying someone else's mortgage OR throwing money at some else's investment

If you want a landlord to perform your maintenence, and you don't want the tax benefits; rent.

There are many other factors that play into this discussion, and that's exactly what this is....an adult discussion. Should we talk?

http://realestate.yahoo.com/info/guides/buying-your-first-home;_ylt=AlASwcYg6yFxS2Op9BS6kq_W4JF4