Millionaire Homeowner Magazine Goes Online

For over a year now I have been publishing a magazine called Millionaire Homeowner. Until now, I've only been able to do a very small printing for my best clients. With all of the great technology out there I felt that there must be a better way to get this fantastic publication distributed. As of this month I am now able to produce a fully indexed digital copy of the magazine. The link is included here, I hope you enjoy it as much as those people who have been receiving it. I am extremely proud of what has been accomplished. Click HERE for your copy and then please, forward the link to everyone you think would be interested and we will include them in the distribution.

Don't Believe the Hype

As I speak to Realtors all over the country I hear the same thing over and over "people think they can't get a loan to buy a house". Thanks in large part to the media's constant negative reporting on the credit crisis it is no surprise that many would be buyers feel hopeless and won't even try to get financed. After all, getting a home loan already ranks right up there with a root canal so why go through the embarrasment and invasion of privacy just to be told no. I believe that many people who want a home mey even forgo getting one just out of the fear of rejection.

For all the hype though there is money available. Sure, we don't do much 100 percent financing any more and you can't buy a home without a decent income or credit but there are some great programs out there that are fully funded and ready to help would be buyers. FHA, VA and Rural Development are all great programs with low or no downpayments and easy qualifying.

Frankly, now IS the time to buy a home. Rates are low, money is available and homes are cheap, in some areas, really cheap. It's this kind of economic environment where the smart get rich by getting the good deals others leave, or in many cases, put on the table. I know, thiings won't be getting easier for quite a while and economic fear rules the day but now is the time to ignore the media, be brave and do what's right for you.

Don't let some talking head determine your future. If you want more information visit the video network at www.jeffnunley.com.

Foreclosed Properties Build Future Wealth

ABC News recently released a report on bank owned or REO properties. In summary, people who buy these properties today will make big money in the future.

Watch the video here:

http://abcnews.go.com/video/playerIndex?id=6286291

To your success.

Jeffrey

An open letter to our readers

Amidst all the uncertainty surrounding the economy, I've had a number of calls from my clients concerning the tumultuous real estate and mortgage markets. As such, I wanted to take a few moments to address some of these concerns and shed some light on the reality of the situation.

 

The Real Estate and Lending industries are in fact going through a necessary correction. The industries became saturated with fly-by-night companies looking to make a quick but short on offering any real value.

 

Contrary to numerous reports in the media, mortgage funds are still readily available. The credit markets are tight, but it has yet to have any real significant impact on the availability of mortgage financing. Although 100% loans are all but gone, 3% down loans are still readily available, even for buyers with less than perfect credit. Most of the reports you are hearing about the rapidly disappearing mortgage products have to do with loan programs that were very common in coastal areas.

 

There has never been a better time to purchase real estate. With inventories at a higher than average level and extremely low interest rates (slightly under 6% for a 30 year fixed rate mortgage as of the writing of this letter) this truly is a wonderful time to move-up or purchase a vacation home. For first –time home buyers there is a window of opportunity that has never before existed to take advantage of a $7500 tax credit! I like to call this the "perfect storm" of opportunity. If you know anyone who is even considering purchasing a home, especially first-time buyers, please let me know!

 

If you have an adjustable-rate mortgage now may be the WORST time to refinance to a fixed rate. Adjustable rate mortgages are tied to a specific index that changes with the ebb & flow of economic conditions. If your ARM is tied to the 1-year treasury you may be in line for a rate reduction! On the other hand, if your ARM is tied to the LIBOR you may be in for a significant increase. Regardless, my suggestion is to consult you're your mortgage professional for an audit. As I mentioned earlier, many mortgage professionals have left the industry. Those who are "left standing" are likely the professionals. If you need a referral to a highly qualified professional mortgage planner please give me a call.

 

Interest rates may be on the decline in the next few months. Economic conditions are ripe for improvement. Interest rates can and do move swiftly so it is imperative that your mortgage professional have an active management system in place to notify you of market conditions. Again, if you need a quality referral please give me a call.