Mortgages Made Simple with Rick Gundzik

Thursday, August 28, 2008
Housing Relief Bill, Will it help You - August 28, 2008
We get a ton of questions every week regarding the Housing Relief Bill. This latest economic stimulus type Bill which passes the Senate has the following three goals: 1. Help distressed homeowners, 2. Tax credit for First time homebuyers and 3. Permanently increase Fannie Mae loan limits to $625,000. Mortgages Made Simple logo

The most shocking provision of the Bill requires lenders to reduce a borrower's loan balance to 90% of the home's appraised value. The distressed borrower will then be able to refinance to an FHA loan.

The tax credit for first time homebuyers will be $7,500. However, it will only be eligible for homes purchased from April 2008 until April 1, 2009. And finally, it will increase loan limits to $625,000 to try and keep the high cost states humming along. This is a re-podcast.

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 @ 8:53 PM   0 comments
Thursday, August 21, 2008
House Prices, Going up or Going Down? - August 21, 2008
Are house prices going up or going down? Well, depending on which statistics you read, the answer is both. Because of this, the most frequent question we receive is "Should I buy now or will prices continue to fall?" The answer boils down to your own personal situation. Mortgages Made Simple logoIf you need a house, buy one. If you dont, don't. We don't think prices will fall too much more, prices are already down quite drastically in certain areas. Remember real estate is extremely localized, so pick a stable area to live in. We discuss some of the latest economic news and give you our opinion on the housing situation.

Also, The Los Angeles Times real estate section will no longer be published. So be sure to subscribe to our podcast to get all the latest real estate news.

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 @ 6:36 AM   0 comments
Thursday, August 14, 2008
The benefits of an FHA Loan - August 14, 2008
In the past few months we have had many people inquiring about FHA loans. The FHA loan program is an amazing loan. Mortgages Made Simple logoIn this re-podcast we explain the benefits. FHA loans have a more flexible down payment policy which allows gift funds and only a 3% down payment. A borrower can have a non-occupant co-signer and FHA loans allow slightly blemished credit. FHA loans also offer the best adjustable rate mortgage available. And if that isn't enough, FHA loans have a streamline refinance program which saves you time and money.

Show notes:
Listen to Show with MMI information (After main topic)
Listen to how to apply for a loan

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posted by Pac Res @ 6:27 AM   0 comments
Thursday, August 7, 2008
Housing prices bottoming - August 7, 2008
We continue to receive a lot of interest regarding these 3 areas; Auctions, Bank owned property and housing prices. So this week we answer 3 listener questions in this encore episode. 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 @ 7:10 AM   0 comments
Tuesday, August 5, 2008
Spinal Cord Charity Golf Tournament - August 5, 2008
Each year we sponsor a charity golf tournament to raise money for research to cure spinal cord injury. Mortgages Made Simple logoThis year's tournament is on September 18, 2008 at the Westridge Golf Club in La Habra, CA. If you can golf or sponsor, please contact me. In the meantime, click the link below, sit back and enjoy watching all the golfers who had a great day while helping a worthy cause at last year's tournament.

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posted by Pac Res @ 6:55 AM   0 comments

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