The Truth in Lending Show-Welcome Page

Now an hour longer!!
Sundays 4 - 6 pm
on 980 KMBZ

To speak with Mark or Craig during the show, call the radio station at 816-576-7798 or *980. Or, to email your question and have it answered live
on-air, click here.

To speak directly to a Certified Mortgage Planning Specialist (CMPS),
call 913-312-2000.

To learn more about your special "Truth in Lending Show" pricing when you order your Will at legalzoom.com, please call Kathy at 816-222-2200.

We MISSED YOU!

Sunday, July 25th's show did not air due to a rain delay during the KC Royals vs New York Yankees baseball game.
We'll be back next week,
August 1st, right after the Royals game against Baltimore.
Our special guest, Rick Sharga, Sr. VP of RealtyTrac,
will be rescheduled very soon.
Rick with spend time talking about
the foreclosure market and will be
available to answer your questions live. Stay tuned for further details.

HOT TOPICS IN MORTGAGE:

TAX CREDIT EXTENDED!

Congress has passed an extension of the Homebuyer Tax Credit closing deadline, the Homebuyer Assistance and Improvement Act (H.R. 5623). The extension applies ONLY to transactions that have ratified contracts in place as of April 30, 2010 that have not yet closed. The legislation is designed to create a seamless extension. The new closing deadline for eligible transactions is now September 30, 2010. There will be no gap between June 30 and the date the President signes the bill into law.

Additionally, the United States Senate has passed the National Flood Insurance Program Extension Act of 2010 (H.R. 5569) an extension of the National Flood Insurance Program until September 30, 2010. This will allow transactions to move forward. The bill is retroactive and covers the lapse period from June 1, 2010 to the date of enactment of the extension.

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* Struggling with your mortgage payment and / or finances? Try these helpful links regarding foreclosure prevention, financial and consumer education, counseling, etc.

makinghomeaffordable.gov

* Review the new 2010 Good Faith Estimate: the new 3-page good faith estimate provides questions and answers to help you find the best loan for you. For more, contact a Certified Mortgage Planning Specialist.

* Sample Loan Documents for Review: Educate yourself before you go to your closing, read: sample_loan_documents.pdf!

* Federal Tax Credit Extended through April 30, 2010: For more information, visit the following web site: www.federalhousingtaxcredit.com

* Fannie Mae Launches Lease Program for Borrowers Click here for more information, as discussed on Nov. 8th's show.

* UNUSED ANNUAL LEAVE
Here's good news for anyone who has ever had to forfeit unused vacation time at the end of the year: The IRS now says employers can let workers transfer the value of that unused leave to their 401(K) or profit-sharing account. You're also in luck if your company allows you to cash out the value of unused leave: Even though you have the choice to take the cash, steering it into a 401(K) would let you avoid the immediate tax hit.

* Protecting Your Home & Finances in Tough Times: an article published by the American Homeowner's Foundation. Click here to view document.

* Closing Cost versus No Closing Cost Scenario as discussed on October 4, 2009. Click here to view PDF.

* Click to see if your mortgage is owned by FHLMC (Freddie Mac) or FNMA (Fannie Mae)

* Useful links promised on the show: Home Buyer Tax Credit & Loan Mod Form

* What to do if you're behind on your mortgage. Refer to our Top 5 or use these useful links: HUD website & Hope For Home Owners

Welcome to the Truth in Lending Show Web Site!!

Hello Friends,

If you've listened to the show you know that we are heartfelt in our efforts to call out those who are taking advantage of you, and to arm you with the information to make great financial decisions involving your home, and your life.

Your home is likely your single largest asset, as well as your largest debt. Let us show you how to manage that investment to create long-term wealth for you and your family. We will answer any questions you have. Some past questions include:

---Should I refinance?
---I'm getting a divorce, what will happen to my home?
---What is the best mortgage for MY situation?

You have questions? We've got answers! It is our goal to educate and empower you!
~Mark & Craig

Contact one of us with any questions:
Mark@GetAMortgagePlan.com or Craig@GetAMortgagePlan.com

Don't settle any longer for not COMPLETELY understanding what may be one of the largest purchases of your life! Ask someone you trust, ask us! We will help you understand your mortgage, no matter WHO is financing your home!

Craig's Corner

"How to know if you are really saving money with a refinance -- do NOT refinance your home without reading this!" By Craig R. Miller

Believe it or not, thousands of people refinance their home every year but ultimately waste hundreds, and, in many cases, thousands of dollars because they fail to do two very simple calculations to see if the loan truly makes sense or will result in significant savings. The following are two calculations that EVERY homeowner should perform before going forward with a refinance transaction:

Click HERE for the full article! This includes the "Break Even Period Formula" and "Total Term Cost Savings Formula" as mentioned by Craig on the show!

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