I know you look at the title and say, "Oh great another blog telling me that I can correct bad credit myself, and that I should beware of people trying to help me.".
Nope! Spring is here. The weather is improving, days are getting longer, and today I have a touch of spring fever!
So today we should get beyond the state of our housing market, the credit market, and all the hype going into the G20 meeting. Take a step back and enjoy spring.
Spring time always reminds me of Do It Yourself (D.I.Y.) projects. You would be surprised at the return on investment you'll see on some of these D.I.Y. projects. So many projects are very easy and don't take long to complete. Check out these great deals offered by your local/national retail hardware store.
Home Depot
50% off bathroom accessories
Lowes
Sale on Thermostats (this one sounds odd, but when I sold my last house it was golden touch, plus it saved me money on my utility bill every month!)
Check back for more great values on projects that will add value to your home and on a budget you can afford!
Matt Kemper
YourCreditCompany.com
Tuesday, March 31, 2009
Wednesday, March 25, 2009
Housing Market Finds Footing
Source: USA Today , Mortgage Master, Inc
According to USA Today there is more good news from the housing market! "Mortgage applications jumped last week as record low interest rates spurred a surge in demand for home refinancing, according to figures from the Mortgage Bankers Association."
This is the kind of ground swell that the housing market has been needing, and the market is certainly getting plenty of help. The cost of money or loans is at absolute record lows. In addition the devaluing of neighborhoods has brought homes across the board affordable to a larger group of potential buyers. Buyers are getting maximum bang for their buck.
Are you a potential buyer? Now is the time to find out! This market will not last forever. Hopefully it lasts until summer or fall, but interest rates will go up, thus increasing the cost to borrow.
First, you need to know your credit score YourCreditCompany.com can help click here. Next, you will need a mortgage lender, again YourCreditCompany.com can help click here. Maybe you need some credit rehab help, don't worry we can help click here.
Best of luck! Don't for get to look into the First Time Home Buyer Tax Credit! The market turns as more of us get involved in it.
Matt Kemper
YourCreditCompany.com
According to USA Today there is more good news from the housing market! "Mortgage applications jumped last week as record low interest rates spurred a surge in demand for home refinancing, according to figures from the Mortgage Bankers Association."
This is the kind of ground swell that the housing market has been needing, and the market is certainly getting plenty of help. The cost of money or loans is at absolute record lows. In addition the devaluing of neighborhoods has brought homes across the board affordable to a larger group of potential buyers. Buyers are getting maximum bang for their buck.
Are you a potential buyer? Now is the time to find out! This market will not last forever. Hopefully it lasts until summer or fall, but interest rates will go up, thus increasing the cost to borrow.
First, you need to know your credit score YourCreditCompany.com can help click here. Next, you will need a mortgage lender, again YourCreditCompany.com can help click here. Maybe you need some credit rehab help, don't worry we can help click here.
Best of luck! Don't for get to look into the First Time Home Buyer Tax Credit! The market turns as more of us get involved in it.
Matt Kemper
YourCreditCompany.com
Friday, March 20, 2009
Housing News is Good News
Attention! Lingo Change:
All toxic assets are now to be broadly referred to as "Legacy Assets". Thank you...back to the blog!
Wow! What day the stock market had yesterday. You could feel that traders were just happy to be pulling the buy trigger. The euphoria on the trading floor must have been electric!
According to USA Today home sales rose 5.1% in the month of February. Existing home prices fell during the same month.
This is good news and the market was correct to react favorably to it. At this point no one is blind to all the troubled properties on the market (i.e. foreclosures, pre-foreclosures, and the like). These properties must clear out of the market place before housing can get out of low gear.
It is obviously is a great time to buy! Now is the time to act. Yes! Interest rates are better than any of us will see again in our lifetime. Yes! Market pricing is at a low and will come back up. The strings are coming though. Bloomberg is reporting that mortgage fees are on the rise.
Something had to go up, and of course there are a lot of people working hard in the housing market to get these short deals done, and they deserve to be compensated. I am just suggesting that you should get in on the deal before it goes up too much.
If you are not in a position to take advantage of one of these foreclosures or short sales, don't worry! Settle into you home. Invest in your home! Paint the wall a new color. Find some cool DYI projects. It is your home, enjoy it! The market will come around and you will command a better price with some personal touches.
Matt Kemper
Your Credit Company
All toxic assets are now to be broadly referred to as "Legacy Assets". Thank you...back to the blog!
Wow! What day the stock market had yesterday. You could feel that traders were just happy to be pulling the buy trigger. The euphoria on the trading floor must have been electric!
According to USA Today home sales rose 5.1% in the month of February. Existing home prices fell during the same month.
This is good news and the market was correct to react favorably to it. At this point no one is blind to all the troubled properties on the market (i.e. foreclosures, pre-foreclosures, and the like). These properties must clear out of the market place before housing can get out of low gear.
It is obviously is a great time to buy! Now is the time to act. Yes! Interest rates are better than any of us will see again in our lifetime. Yes! Market pricing is at a low and will come back up. The strings are coming though. Bloomberg is reporting that mortgage fees are on the rise.
Something had to go up, and of course there are a lot of people working hard in the housing market to get these short deals done, and they deserve to be compensated. I am just suggesting that you should get in on the deal before it goes up too much.
If you are not in a position to take advantage of one of these foreclosures or short sales, don't worry! Settle into you home. Invest in your home! Paint the wall a new color. Find some cool DYI projects. It is your home, enjoy it! The market will come around and you will command a better price with some personal touches.
Matt Kemper
Your Credit Company
Wednesday, March 18, 2009
Obama's Bailouts Questioned
An underlying question keeps occurring regardless of what topic we are discussing. That question would be, “When should government step in…or out.”
I believe it is probably human nature to take the path of least resistance. The concern that one may have is... does this short cut take you to a dead end?
It seems recently all we have been hearing is talk of bailouts. Mortgage companies have all gotten in line to take the bailout money. Now we have stumbled across another obstacle. Once the money is given should the companies be accountable for how it is used?
President Obama’s political honeymoon is in danger. AIG is giving huge bonuses to there employees. Do they deserve such bonuses when they are taking money to keep the company running? I would say “NO.” However, was there a discussion that took place or contingency on accepting these funds? I think not.
One may assume that in the economic climate that is has sparked awareness for companies to be more pro-active in doing the right thing. Mortgage companies where encouraged to do loans. The majority of Loan Originators worked off straight commission. Shouldn’t one assume that they weren’t just concerned about the homeowner’s decision to buy a home, but that they needed to close the loan in order to be paid? AIG employees, regardless of what shape the company is in, is interested in fulfilling there own financial interests. Congressional leaders are threatening not to approve further bailouts for banks and financial institutions. AIG lost $100bn last year. These executives obviously where not making good decisions, but they still feel like they deserve bonuses? This is asinine.
Obama has become the “yes” man. He has hurried through quick fixes that have turned into large problems. He has failed to fill key administration posts, such as appointing Tim Geithner who had failed to pay his taxes, as US treasury secretary. Charles Grassley said that AIG executives have committed hara-kiri. In a radio interview yesterday, he said: "I would suggest the first thing that would make me feel a little bit better toward them if they'd follow the Japanese example and come before the American people and take that deep bow and say, 'I'm sorry', and then either do one of two things: resign or go commit suicide. And in the case of the Japanese, they usually commit suicide before they make any apology."
Obama is naïve to think that these companies are looking after the common folk. I would tend to agree with Charles Grassley. They have met immediate gratification, but the opportunity will never rise again. Now it is a matter of time to see how they plan to fix their problems. Remember, they have backed themselves into a corner thus fare. There needs to be a plan that is well sought out and that can be implemented for a long-term fix. Not one that is a band aid fix that will only endure the next four years that the President is in office.
http://www.guardian.co.uk/world/2009/mar/17/aig-bonuses-obama-economy
Renee Fogle
Your Credit Company
I believe it is probably human nature to take the path of least resistance. The concern that one may have is... does this short cut take you to a dead end?
It seems recently all we have been hearing is talk of bailouts. Mortgage companies have all gotten in line to take the bailout money. Now we have stumbled across another obstacle. Once the money is given should the companies be accountable for how it is used?
President Obama’s political honeymoon is in danger. AIG is giving huge bonuses to there employees. Do they deserve such bonuses when they are taking money to keep the company running? I would say “NO.” However, was there a discussion that took place or contingency on accepting these funds? I think not.
One may assume that in the economic climate that is has sparked awareness for companies to be more pro-active in doing the right thing. Mortgage companies where encouraged to do loans. The majority of Loan Originators worked off straight commission. Shouldn’t one assume that they weren’t just concerned about the homeowner’s decision to buy a home, but that they needed to close the loan in order to be paid? AIG employees, regardless of what shape the company is in, is interested in fulfilling there own financial interests. Congressional leaders are threatening not to approve further bailouts for banks and financial institutions. AIG lost $100bn last year. These executives obviously where not making good decisions, but they still feel like they deserve bonuses? This is asinine.
Obama has become the “yes” man. He has hurried through quick fixes that have turned into large problems. He has failed to fill key administration posts, such as appointing Tim Geithner who had failed to pay his taxes, as US treasury secretary. Charles Grassley said that AIG executives have committed hara-kiri. In a radio interview yesterday, he said: "I would suggest the first thing that would make me feel a little bit better toward them if they'd follow the Japanese example and come before the American people and take that deep bow and say, 'I'm sorry', and then either do one of two things: resign or go commit suicide. And in the case of the Japanese, they usually commit suicide before they make any apology."
Obama is naïve to think that these companies are looking after the common folk. I would tend to agree with Charles Grassley. They have met immediate gratification, but the opportunity will never rise again. Now it is a matter of time to see how they plan to fix their problems. Remember, they have backed themselves into a corner thus fare. There needs to be a plan that is well sought out and that can be implemented for a long-term fix. Not one that is a band aid fix that will only endure the next four years that the President is in office.
http://www.guardian.co.uk/world/2009/mar/17/aig-bonuses-obama-economy
Renee Fogle
Your Credit Company
Friday, March 13, 2009
Find The Good News
TGIF!
In the spirit of ending the week, that has seen some good news in the economy, on a good note I wanted to highlight some good news in the Housing Market.
According to the Mortgage Bankers Association mortgage applications continued a string of weekly increases. The press release states that mortgage applications for the week of March 11, 2009 increased 11.6% from the previous week (ending March 6, 2009) and a 5.7% increase from the same week a year earlier.
Yes, many news articles this week are leading with last month's foreclosure numbers increasing 6%. However, interest rates are at an amazingly low 5.02% and with more and more people applying for loans this leads to the strong possibility of more action in the housing market.
In my previous position with a local home builder we watched these numbers closely. Movement in the housing market was very important to us (even when it was not us selling a home). We would be highly encouraged by people buying homes because that meant people who sold their home potentially would be buying another home, thus creating a domino effect.
Reduction in housing inventory is important to getting our economy back on track. The housing industry affects a myriad of business (many of them small business) from contractors and their sales/marketing and support staffs to installers to suppliers, to manufactures. We may still have to endure for awhile longer, but positive numbers should offer some encouragement and a reason to lift our collective chin.
Matt Kemper
YourCreditCompany.com
To apply for a mortgage or get more information on mortgages visit us today!
In the spirit of ending the week, that has seen some good news in the economy, on a good note I wanted to highlight some good news in the Housing Market.
According to the Mortgage Bankers Association mortgage applications continued a string of weekly increases. The press release states that mortgage applications for the week of March 11, 2009 increased 11.6% from the previous week (ending March 6, 2009) and a 5.7% increase from the same week a year earlier.
Yes, many news articles this week are leading with last month's foreclosure numbers increasing 6%. However, interest rates are at an amazingly low 5.02% and with more and more people applying for loans this leads to the strong possibility of more action in the housing market.
In my previous position with a local home builder we watched these numbers closely. Movement in the housing market was very important to us (even when it was not us selling a home). We would be highly encouraged by people buying homes because that meant people who sold their home potentially would be buying another home, thus creating a domino effect.
Reduction in housing inventory is important to getting our economy back on track. The housing industry affects a myriad of business (many of them small business) from contractors and their sales/marketing and support staffs to installers to suppliers, to manufactures. We may still have to endure for awhile longer, but positive numbers should offer some encouragement and a reason to lift our collective chin.
Matt Kemper
YourCreditCompany.com
To apply for a mortgage or get more information on mortgages visit us today!
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