One of the most favorite things that Norm and Mike teach are mortgage acceleration strategies. It only seems natural since ALL their efforts are designed to teach you SMART and EFFICIENT money management and they've been doing that for almost 30 years. Do you like paying 95% of your house payment towards interest? Do you think you'll pay off YOUR home by the time you retire? Or will you be like the majority of retirees who spend over 50% of their income towards their house. Catch the Show ONE HOUR earlier than normal, at 3:00 PM PST to find out. And be sure to advance your clocks for Daylight Saving!
Archives of the Real Estate and Finance Show heard live every Sunday afternoon from 4-5pm
Wednesday May 28th, 2008
Tuesday May 27th, 2008
When Norm and Mike started teaching this Methodology back in 2002 it was an unheard of idea. Now people are seeking out new ways to manage their money and pay off their debts- and their mortgages. Mike Roberts was off for the weekend, so Norm had an in studio guest, Sheila Ann Voost- Machuca, in studio sharing her experiences with Mortgage Accelerator PLUS-MAP. At one time equity was a guarantee, but no more. Listen to find out how Sheila used MAP in her life- to change her life- and get an education that will pay for itself thousands of times over.
HELOCS, also known as home equity lines of credit, are one of the best things banks have ever offered to homeowners. But they are way too easily abused. When the market was on a tear, everyone used them as piggy banks to buy cars, rental properties, toys, along with spending massive dollars on home improvements. Today the piggy bank is nearly empty and many banks no longer offer them and in some cases, they actually "freeze" the current loan. As of January there were over $1.1 trillion dollars in HELOCS that were 30 days late and they are a big cause of foreclosure initiation. Learn how lenders are looking at these banking tools now and learn how to use them properly. You can also catch the show at www.normandmike.com and watch the live video feed
Mortgage Accelerator Plus Sales webinar
We are facing some tough times in this country, in some cases as tough as many of us have seen in our entire lives. The Guys have been in the Financial Services and Real Estate fields for thirty years, and have seen two prior downturns. But this one? This one is different. Combine that with a Presidential election year and of course all the candidates have their ideas of how to fix us. The House, the Senate, they have their versions, too. Mike Roberts just returned from Washington DC, so catch today's show to see what insight he gleaned from talking with The Bureaucrats Who Will Save Us All.
This year will be traumatic for those initial Baby Boomers who will turn 62 in 2008, and they are doing that at a rate of about 8000 per day. The generation that should never trust anyone "over 30" will now be retiring in record numbers. But will they retire in comfort or in hardship? Ideally they have small or no mortgages on their homes and they can use one of the most unique and best loan types out there: Reverse Mortgages. What are they? How do they work? Are they for everyone? Catch today's show with Norm going solo while Mike is doing government work in Washington, DC. Join Norm and his Special Guest, FHA and Reverse Mortgage Specialist, Anthony Toro, from Sunwest Mortgage. If you catch the show at www.normandmike.com you can also watch the video live feed.
That horrible D-day that we dread every year is just 10 days away and that of course is April 15, the day that tax returns are due. We gripe, we complain, we grudgingly pay our taxes, but many times we can save ourselves money with just a little bit of planning and forethought. Most of us tend to procrastinate until the last minute so for those that have, this is a show you need to catch to possibly save you some last minute expenses. And for those that sent in their returns, it never hurts to educate yourself for next year!
Sometimes it seems hard to make money or invest your hard earned money properly, but how easy is it to LOSE money? Unfortunately it is way too easy. In honor of April Fools Day the Guys offer a bit of tongue in cheek humor on how to retire broke. That deal that sounds too good to be true? Go for it? Everyone is investing in the same thing, well they must know what they're doing, so follow the herd. Foreclosures are ALWAYS a killer buy and you should buy as many as you can. Be sure to join Norm and Mike for some levity with some solid lessons underneath it all.
Unless you are born with a Silver Spoon in your mouth you will ALWAYS need to borrow money. It starts with a car, maybe a credit card, then we move on to the big stuff: mortgages. The "game" has always been difficult and always been treacherous, but never so much as today. With lenders closing in record numbers, borrowing money today is as difficult as it's been for years. If you'd like to know some "Rules of Thumb" and some ways to work your way through this jungle, listen up! Yes it's Easter, but the Guys have a Show for YOU!"
One of the most favorite things that Norm and Mike teach are mortgage acceleration strategies. It only seems natural since ALL their efforts are designed to teach you SMART and EFFICIENT money management and they've been doing that for almost 30 years. Do you like paying 95% of your house payment towards interest? Do you think you'll pay off YOUR home by the time you retire? Or will you be like the majority of retirees who spend over 50% of their income towards their house. Catch the Show ONE HOUR earlier than normal, at 3:00 PM PST to find out. And be sure to advance your clocks for Daylight Saving!
You cannot escape the record number of foreclosures that are being recorded. For 26 straight months they have been increasing and show NO change of direction. How long can this go on? Will that one time $600,000 home ever be worth half that? With interest rates intended to come down once again, is this the heyday for buyers and investors? Or should you pull back that curtain to see what the Wizard is REALLY all about. This week's Show you cannot miss if you want to cut away the hype and hysteria of this new marketplace.
It sounds like a cliché, but we truly are all connected. A slowdown in one business can easily have a negative effect on another- including yours. So new homes aren't selling. What does that mean to me? Actually it could mean quite a bit. And what brought this on was the settling of the Writer's Strike and seeing the aftermath of all the various connected- and unconnected- businesses and how they too were damaged. Like the real estate slowdown, this is not an easy or quick fix, so it's best to be aware. "Those who do not study the past are doomed to repeat it, said George Santayana.
Like the march of the seasons and the passage of time, this is another thing you cannot stop TAXES! Today Mike, a tax preparer for over 30 years, shares some of the most overlooked tax strategies, like home office deductions and charitable contributions. The Guys also discuss the new tax laws with regards to Short Sales and some of the new legislation that is in place to get the country back on course. Listen and learn.
We're in to March, Spring is around the corner, days are getting longer and we're also getting ready for another seasonal event: the RUSH of home buying frenzy! But this year will be different than any we've seen in the past 15 years. Buyers are not quite motivated, getting loans is difficult, sellers have little equity to play with, and short sales and foreclosures encompass half the current inventory. So what is a buyer to do? And what should a seller do to get the job done? Listen up as Norm and Mike share the experiences of this, their third real estate downturn.
The turmoil of the real estate and financial markets has lead many people listening to the WRONG advice on what to do in these changing times. From the government stimulus package to the changes in the conforming loans, politicians are scurrying in this election year to make you feel safe. But the honest truth is that these cycles come and go like the tides of the ocean and only sound financial choices and having advisors who arent sharks will keep you on the straight and narrow.
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