Mad Mortgage Machine Ep 2
This week Dave discusses the FHA Home Loan regulations, new seller concessions, FHA and Flipping, Higher Down Payment, and the Biz Booster of the week is ID Theft.
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Dave Woodson
The Mad Mortgage Machine
Who in Indiana needs me?
I was thinking just the other day, “who needs me”. No, I was not feeling sorry for myself ready to drive into the oncoming traffic and end it all, but who out there needs my services. Who NEEDS me! Who can use my services?
This is what I came up with (in no particular order), and [...]
B +
B+
Be Positive
On Friday, I heard a commercial for mortgage guy out of Chicago and his message was just all over the place, but it was mostly negative. He was not being negative on his competition, but on the “market” on a whole. I was shocked by his comments. I was thinking what a fail of [...]
Ten Great Reason to be a First Time Home Buyer
And, now to conclude the Top Ten Reason to be an Indiana First Time Home Buyer.
Part 2
5) Seller’s all across Indiana are more willing than ever to give incentives for First-Time Home Buyer up to 6% in many cases
4) The Interest, Mortgage Insurance, & Property Taxes can all be written off on your taxes, thus [...]
The Fed Meeting and Indiana Mortgage Rates
The Federal Open Market Committee (the Fed) is starting its scheduled, 2-day meeting to discuss the country’s monetary policy (or lack thereof). The group will be issuing a press release to the markets upon adjournment.
There are 8 scheduled FOMC get-togethers (this is not your run of the mill kegger) annually and the post-meeting press releases [...]
The IRS Indiana First Time HomeBuyer Form
First Time Indiana Home Buyers, As part of the American Recovery and Reinvestment Act of 2009, the IRS has officially released Form 5405 — better known as the…First-Time Homebuyer Credit Form.
True to tax code standards, the 10-field form is accompanied by 3 pages of instructions, but don’t worry it is not that bad. However, [...]
How Porkulus will affect Indiana Mortgage Rates
The American Recovery and Reinvestment Act of 2009(Porkulus) was signed into law Tuesday in Denver, Colorado(for a bill that President Obama said we needed why did he wait 3 days to sign it).
Tuesday, however, the stock markets fell near their November 2008 lows.
The two actions are related. (for every action there is a reaction)
For [...]
Indiana Investment Property
Last Friday, Fannie Mae rolled-back one of its least popular mortgage guidelines updates of the last 12 months.
So, March 1, 2009, Indiana real estate investors will once again be able to own and finance up to 10 individual properties. But, the restriction roll-back will come with new minimum requirements. .
Those Indiana real estate investors that [...]
More Good New, just Maybe
A real estate report said Tuesday, that Pending Home Sales ticked higher for December 2008. For a quick clarification, a “pending home sale” is a home under contract but not yet closed.
The report positions Pending Home Sales report is a predictor of future activity, suggesting that home sales will spike 60 days or so.
Yes, Indiana, [...]
4.5% Seriously, yes, I am serious
A couple of weeks ago, when I first heard of this so-called idea for the treasury to buy Mortgage Backed Securities to drop the rate. I was unsure what to think of it, but as my phone starts to ring more and more. I am liking it. We are not there yet to 4.5% interest [...]
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