First Time Home Buyer Buy Now With 8000 Government Assistance RealEstateMarketingThisWeekcom

http://realestatemarketingthisweek.co ... - The median family CAN AFFORD revenu Twice the median priced home -

Part 2 - And now I Mentioned Dan Havey is back in the Studio with us, Dan has done a lot of Great Thing In The mortgage industry.He left us about a year and a half ago, right Dan Is That?

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 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 & the Resolution Trust CTS Corporation, Which Was The Government Entity That Was put in charge of disposing of all The Real Estate owned by The 1800 S & Ls did "That HAD failed.I That Until about 1995 When I Moved Into the Mortgage Industry and There For 12 years I WORKED predominately With bankruptcy attorneys Helping Their customers get out of bankruptcy and left foreclosure.I 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 Michaeltoday, to get people to Realize That Actually right now IS a really good time to buy.

There are a couple of points I want to make and It Was Something That Said Michael HAD earlier.The That first one WAS 4% interest rate.Originally Obama Said 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 l'article I Was reading today Said It Appears That Plane 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 going under.I companies whose thesis Quite Understand Why Being how THEY own 'em now.

Well youve got to hand it To The Government has therefore THEY Have really heck of a job Helping out Fannie Mae, 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 definitely IS The Best Time Even If rats dont get Down to the 4% point. The beauty of it and Were going to talk more about this in a latere 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 Two $ 264,000 just months ago.

N The median home price $ 130,000 IS? We are going to talk about a little bit what a person has to make to Qualify for that.Well Actually It Is Well Within The definitely moyen de revenu family.Right now has a median median family Income Makes about $ 64,000 in The State of Arizona According To the U.S. Census Bureau and ran HUD.I Some numbers today, I think at 6% interest rate and That Has THEY CAN buy a $ 280,000 buy-you-can house.So Twice the median home price if you are just making What the median family Income Would Be In The state of Arizona. N The median Household Income buys Double the median priced house in Maricopa County. That IS correct, at 6% interest.

And the reality of interest "It Is Not Even That rats are high right now. So for people to be waiting for That Perfect interest rate of 4% it doesn't really matter if it gets here or not Because right now IS Such incredibly fabulous year time buying a house.There To Be So Many foreclosures are out there right On The Markets now, There Are So Many short sales out there right now is The Market, And The point you made Earlier est très important, That People Have to get in and get prequalified, know EXACTLY What They Cdn buy.Now in Many boxes you are going to need a down payment, so get with your mortgage broker, get with Velocity Financial and home.