Mortgages Made Simple with Rick Gundzik

Sunday, June 24, 2007
Should I use a broker or a direct lender - June 24, 2007
On this edition we discuss Mortgages Made Simple logoWhat type of mortgage company you should use. A broker or a direct lender? What are the differences and is one less expensive than the other? We define what each one does and give you our unbiased opinion.

Also we give a simple explanation of Annual Percentage Rate - APR. Is it important or just plain useless?



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posted by Pac Res @ 8:00 AM   0 comments
Sunday, June 17, 2007
Garbage Fees - June 17, 2007
On this edition we discuss Mortgages Made Simple logoGarbage Fees. What are these unnecessary fees and how to avoid them on your home loan. You can save hundreds of dollars if you see one of these fees on your loan paperwork and simply ask your loan officer to remove it.

Also we answer a listener's question about escrow impound accounts. Then we give a quick definition of equity.





Show Notes: Impound accounts are monthly payments for your property taxes and homeowner's insurance.



My Odeo Channel (odeo/6d0d3a069c1ef407)

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posted by Pac Res @ 11:08 AM   0 comments
Sunday, June 10, 2007
What are all these fees? - June 10, 2007
Mortgages Made Simple logoThis episode focuses on closing costs. Whether it's Discount points, Origination Points, Application fees, Processing and Underwriting fees, We discuss these fees and more. If you're not familiar with these fees your loan can get very expensive. This will explain mortgage home loan closing costs so you know what to look for on a good faith estimate.

Also we answer a listener's question about Trigger leads and why credit bureaus are the ones to blame.






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posted by Pac Res @ 11:45 AM   0 comments
Sunday, June 3, 2007
Hybrid Option ARMS - What are they? - June 3, 2007
Mortgages Made Simple logoHere is the second podcast of the new series. Join me, Rick Gundzik, as I discuss this week's topic, Hybrid Option ARM loans, What are they and how do they work? Is negative amortization bad? What is negative amortization? Is this a good loan for me?

We also discuss prepayment penalties and how they work.




Show Notes: Secure Option Arm, Flex Pay ARM, Hybrid Option ARM - These terms all refer to a negative amortizing adjustable rate loan. In other words, you can possibly owe more on your home loan then when you first got your loan.

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posted by Pac Res @ 11:30 AM   0 comments
Saturday, June 2, 2007
Ask questions about your mortgage
For your convenience, our listener line now allows you to leave us a question about your mortgage, or just about any real estate matter, and we'll answer it in an upcoming podcast.

You may call 714-519-7833 or Simply click the link below and...



Please leave your first name and email address. If your question is too personal we'll email you an answer.

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posted by Pac Res @ 11:47 AM   0 comments

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