Mortgages Made Simple with Rick Gundzik

Thursday, May 29, 2008
Appraisals, Upgrades and Renovations - May 29, 2008
When you add a room to your house or put in a fancy backyard pool, does it help your home go up in value? And can you buy a home for more than it appraises for?Mortgages Made Simple logo

On this show we give you insight as to what helps your home's value most in terms of bang for the buck, a new kitchen or a new pool. And we explain why some upgrades just don't create much value.

Also, can you buy a home for more than it is worth? You can, but the obvious question is, why would you? We explain this recent, much more common occurence and tell you how to work around it.

If you have any questions you would like us to answer on our show, please call our listener line at 714-519-7833 or email

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posted by Pac Res @ 11:14 PM   0 comments
Monday, May 26, 2008
Housing Price Map - May 26, 2008
I found this nice little map that outlines how housing prices have moved in the 1st quarter of 2008.Mortgages Made Simple logo

The map is from The Office of Federal Housing Enterprise Oversight. That title is mouthful, but they have some interesting information on their web site.

Remember, If you have any questions you would like us to answer on our show, please call our listener line at 714-519-7833 or email

us map

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posted by Pac Res @ 3:41 PM   0 comments
Thursday, May 22, 2008
Housing prices bottoming - May 22, 2008
This week we answer 3 listener questions. Have Housing Prices bottomed?, are Home Auctions worth my time to attend? and is a bank owned owned home easy to buy?Mortgages Made Simple logo

We present some compelling reasons to believe that housing prices have reached bottom. Looking back at past housing market bottoms gives us a good idea what might happen this time.

Home auctions are heavily advertised, but can you get a deal, or will a cash rich investor grab your dream home from you?

Many people advertise seminars which teach you the best way to get a deal on a home is to contact Banks that are trying to sell their inventory of real estate owned. But can the average home shopper crack this market?

If you have any questions you would like us to answer on our show, please call our listener line at 714-519-7833 or email

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posted by Pac Res @ 7:25 AM   1 comments
Thursday, May 15, 2008
Economic Stimulus Package, Where's the stimulus and Quit Claim Deeds - May 16, 2008
The Economic Stimulus package announced in March of this year has had little to no effect on the mortgage market. Mortgages Made Simple logo The first problem was many lenders didn't start offering it until this week, almost 2 months after it was made available. Secondly, the interest rates were high, and thirdly, nobody really knew about it. So, I'm here to tell you, That's all changed. Most lenders now offer the loan up to $729,750 and the rates are great. So get out there, buy a home and stimulate the economy.

Also, we answer a listener's question about Quit Claim deeds.

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posted by Pac Res @ 9:00 PM   0 comments
Friday, May 9, 2008
The Fed Lowers Rates, What Does it mean to me? - May 9, 2008
The Fed lowered interest rates .25% last week. What does this do for you? Unfortunately a lot of people, the media included, often think this means mortgage rates drop immediately. Mortgages Made Simple logo Usually the opposite is true. Mortgage rates will jump up then slowly settle down in a couple weeks.

In this episode we discuss the Fed, give you more information about how they affect the economy then you would ever care to know and plead for your questions. We know you have questions so call our listener line and we'll put you on the show. Call the Listener Line at(714) 519-7833 and leave your question.

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posted by Pac Res @ 8:27 AM   0 comments
Sunday, May 4, 2008
Buying a Home, is Now the right time? - May 4, 2008
Is this the right time to buy a home? It might just be. Homebuilders are still building, the economy is slow but still humming along and homes are more affordable now due to the drop in values. Mortgages Made Simple logo It is a big step to take, but with 'REPO' Buses running around, the current low may be at hand. Outlying areas of California have declined in price as much as 48% with the national average home price declining almost 20%. The last big decline in home values in 1991 saw home values decline 20% as well.

This could be the bottom. If not, at least you will get a good deal on your new home.

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posted by Pac Res @ 10:28 AM   0 comments

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