I can be found online at http://tucson-fha-loans.com or at http://usdaruralhomeloans.com

Call me for more information 520-225-0380

Duration : 0:3:15

Technorati Tags: arizona, Estate, FHA, home, House, loan, mortgage, Phoenix, rate, Real, refinance, rural, tucson

Duration : 0:1:38

Technorati Tags: 15, 20, 2010, 2011:, 30, 40, ARM, bad, bank, banks, buyers, Calculator, card, cards, Closing, consilidate, consilidation, Costs, credit, debts, equity, FHA, FICO, Fixed, foreclosure, grants, home, House, HUD, Insurance, interest, jumbo, lenders, loan, loans, money, mortgage, mortgages, PMI, property, quotes, rate, rates, refinance, refinancing, save, score, USDA

Duration : 0:6:26

Technorati Tags: abc, ABCNews, banks, BORROWERS, business, credit, Down payment, Equity Now, Freddie Mac, home, House, Lending Companies, mortgage broker, mortgage rates, news, Nightline, real estate, refinance, US, Vicki Mabrey

Duration : 0:2:2

Technorati Tags: bank, cbsepisode, economy, fed, Forclosure, home, House, interest, loan, mortgage, recession, SEC

Duration : 0:2:2

Technorati Tags: bank, cbsepisode, economy, fed, Forclosure, home, House, interest, loan, mortgage, recession, SEC

Duration : 0:1:45

Technorati Tags: appraisers, benoun, buyers, credit, criteria, documentation, Financing, History, home, House, loan, mortgage, scores, Sourc, victor, Work

Part 2 (Excerpt)

The median income family can afford twice the median priced home; prices drop over 50%

And now I mentioned Dan Havey is back in the studio with us, Dan has done a lot of great things in the mortgage industry. He left us about a year and a half ago, is that right Dan?

Yes, I left the mortgage industry in October of 2007. Tell us a little bit more about yourself.

As you know I came originally from Wisconsin, where I got a degree in Business Finance and I came out here in 1989 and started working with my brother selling real estate owned-REO, bank owned properties for Fannie Mae, Countrywide, and the Resolution Trust Corporation-RTC which was the government entity that was put in charge of disposing of all the real estate owned by the 1800 S&Ls that had failed. I did that until about 1995 when I moved into the mortgage industry and there for 12 years I worked predominately with bankruptcy attorneys helping their clients get out of bankruptcy and foreclosure. I left the mortgage industry in October of 2007. Now I am working predominately in the arena of marketing for real estate and mortgage companies, helping out companies, just like Im here helping out Michael today, to get people to realize that right now actually is a really good time to buy.

There are a couple of points I want to make and it was something that Michael had said earlier. The first one was that 4% interest rate. Originally Obama said a couple of weeks ago, when he rolled out the mortgage plan, that they were going to take the $200 billion and use it to buy mortgage backed securities, well the article I was reading today said it appears that plan may have changed. Instead of buying the mortgage backs they were actually buying the stock of Fannie and Freddie to help support the company and keep these companies going under. I dont quite understand why being how they own them now.

Well youve got to hand it to the government they have really done a heck of a job helping Fannie Mae out, for instance today the stock is up to $0.41. Wow, doing so well, I remember when it was $150 or so, where it was at the top of the market.

Today, right now is definitely the best time even if rates dont get down to the 4% point. The beauty of it and were going to talk more about this in a later segment, is that we have seen a 51% decline in home values from the peak of the market. So you dont have to have the absolute greatest interest rate in order to be able to buy a house today. The median home price right now is $130,000 in Maricopa County, it was $264,000 just two years ago.

So the median home price is $130,000? We are going to talk a little bit about what a person has to make to actually qualify for that. Well it is definitely well within the means of a median income family. Right now a median income family makes about $64,000 in the state of Arizona according to the US Census Bureau and HUD. I ran some numbers today, I think at 6% interest and at that rate they can buy a $280,000 house. So you can buy twice the median home price if you are making just what the median income family would be in the state of Arizona. So the median household income buys double the median priced house in Maricopa County. That is correct, at 6% interest.

And the reality of it is interest rates are not even that high right now. So for people to be waiting for that perfect interest rate of 4% it doesnt really matter if it gets here or not because right now is such an incredibly fabulous time to be buying a house. There are so many foreclosures out there on the market right now, there are so many short sales out there on the market right now, and the point you made earlier is very important, that people have to get in and get prequalified, know exactly what they can buy. Now in many cases you are going to need a down payment, so get with your mortgage broker, get with Velocity Financial and start working on that program of getting those funds together for the down payment as well.

Dan Havey we talked in the past about whats available for financing these days, interesting to give little pat on the back for Velocity Financial is one of less than 15% of all of the lenders in the state of Arizona that are qualified to do FHA financed homes. Now FHA financing, people used to think it was only for first time home buyers, thats no longer the case. The FHA loan which only requires 3.5% down payment it doesnt matter if you have owned a home before and in many cases you can own another home now so long as your new purchase is going to be your primary residence you can utilize FHA financing and put only 3.5% down.

Duration : 0:6:42

Technorati Tags: 1st, 8000, advice, assistance, bank, bill, breaks, buy, Buyer, credit, debt, Deduction, Down, downpayment, Estate, Federal, FHA, finance, financial, First, Fixed, foreclosure, Government, grant, guide, guidelines, help, home, homebuyer, House, Housing, incentives, Income, Information, interest, lease, lend, lending, limits, loan, low, Modification, mortgage, New, no, owner, package, Payment, plan, Price, Program, property, purchase, qualifications, rate, Real, rebate, refinance, Rent, requirements, Sale, Short, stimulus, Tax, Time, tips

Duration : 0:1:15

Technorati Tags: 30, advantages, benoun, Estate, Expert, Fixed, home, House, interest, loan, mortgage, rate, rates, Real, refinance, tips, victor, year

loans borrow money business loans car loans cash advance cash advance loans cash advances cash loan cash loans cheap loan cheap loans collateral loans college loan college loan consolidation college loans college student loans commercial loan commercial loans commercial mortgage consolidate loans consolidate student loans consolidating student loans consolidation loans consumer loans credit loan debt loans defaulted student loans direct loan direct loans easy loans education loan education loans eloan emergency loan equity loans fast cash fast cash loans fast loan fast loans fast payday loan faxless payday loans federal loan consolidation federal loans federal student loan federal student loan consolidation federal student loans fha loans finance financial loans financing get a loan government loans graduate loans graduate student loans guaranteed loan guaranteed loans hard money loan hard money loans high risk loans home equity home equity loans home improvement loans home loan home loans home mortgage home mortgage loans homeowner loan house loan i need a loan instant loan instant loans interest rate lender lenders lending line of credit loan loan application loan brokers loan companies loan company loan consolidation loan for bad credit loan for people with bad credit loan rates loan with bad credit loans loans com loans for bad credit loans for people with bad credit loans online loans with bad credit low interest low interest loan low interest loans low interest rate loan low interest student loans low rate loan military loans money money loan money loans morgage loans mortage mortage loans mortgage mortgage broker mortgage brokers mortgage company mortgage lenders mortgage loan mortgage loans mortgage rates mortgages motorcycle loans need a loan no credit check no credit check loan no credit check loans no credit loans online loan online payday loan online payday loans pay day loans payday payday advance payday advances payday loan payday loan store payday loans personal loan personal loans personal loans for bad credit personal loans for people with bad credit personal loans with bad credit plus loans poor credit poor credit loans private loan consolidation private loans private student loan private student loan consolidation private student loans quick cash quick loan quick loans real estate loans refinance refinance loans refinancing refused credit repayment school loan school loan consolidation school loans second mortgage secured secured loan secured loans secured personal loans short term loan short term loans signature loan signature loans small business loan small business loans small loans small personal loans student loan student loan consolidation student loan default student loan interest rate student loans student loans bad credit student loans for bad credit student loans with bad credit students loans subprime loans unsecured unsecured loan unsecured loan uk unsecured loans unsecured personal loan unsecured personal loans

Duration : 0:6:18

Technorati Tags: application, bad, brokers, companies, Company, consolidation, credit, equity, for, guaranteed, hard, high, home, homeowner, House, improvement, instant, interest, lender, lenders, lending, Line, loan, loans, money, mortgage, need, of, people, rate, rates, risk, with

Duration : 0:6:34

Technorati Tags: 2014, Adults, bill, Buy-In, Care, Cenk, Children, Condition, Congress, Costs, Coverage, democrats, Denied, Health, Healthcare, House, Industry, Insurance, Kids, Lawyers, Medicare, Obama, Option, Passed, Payer, Pre-Existing, Premiums, Private, Public, Reform, Republicans, Single, The, Turks, TYT, Uygur, White, Young