Tag Archives: Finance

Review & Giveaway – The Skinny on the Housing Crisis (What Every Homeowner & Homebuyer NEEDS TO KNOW!!!)



Jim Randel has created a brilliant and super simple book called the The Skinny on the Housing Crisis.  The book talks simply about how we came about this mess of a Housing Crisis we like to call it.  The story is told from a young couple’s viewpoint on buying a home with a mortgage and getting foreclosed on a year later.

If you ever wanted to know the WHOLE process from the very beginning of finding a home with a Real Estate agent to the nuts & bolts reasoning behind Wall-Street and the Finance World to the end result of the Bubble, then this is the book for you.  Even if you already are a homeowner or thinking about buying a home, this book brilliantly displays the whole concept in a super simple format to understand.

The great concept behind this book is that is beautifully illustrated in this 168 page book with 2/3rds in Stick-Figure picture format making this an easy concept to grasp that even a 5th grader can understand.

This reminded me of the Sub-Prime Stick figure video that was being passed around the net talking about how Sub-Prime came about, the same concept is applied here and was actually inspired from the famous Japanese Manga stips they have out there.

The housing and finance industry can be very boring and dull to most of the world but Jim’s book really makes it in layman terms so that everyone can understand the concept of the housing crisis.  Simplicity is key and I believe because of this successful recipe the book is a must own to everyone who is looking to buy a house or anyone who has a home currently.



It’s quite SIMPLE, just leave a comment on this post and just make sure you fill in your e-mail address and name.  I will use a computer generated randomizer to pick a random comment and send the lucky blog commenter the book….

There’s a bonus!!!

Jim Randal’s latest book the The Skinny On:™ Credit Cards – How to Win the Credit Card Game will also be given away too!


This book is amazing and has taught me a few things I didn’t know about the credit card industry and provided me insight on how to not get caught up in the credit card game!

So comment away and enjoy!!


FHA Bridal Registry Account – Alternative to Down Payment Assistance 411


HUD allows couples who are planning to get married to establish a bridal registry savings account to help them accumulate the down payment necessary to purchase first home together.
Bridal Registry Account is also available for other situations where an individual or individuals typically receive gifts.
The following documentation and procedures should be adhered to when using bridal registry funds to document assets:
*The borrowers must open an interest bearing savings account with a financial institution supervised by a federal or state agency
*The borrowers are responsible for providing information regarding the bridal registry account and how it works to friends and family
*The borrowers must provide a register showing the names of all donors and the dollar amount that has been deposited into the bridal registry account

*There is no requirement that the bridal couple be married prior to closing the mortgage loan
*The borrower must provide bank statements verifying all deposits into the bridal registry account
*All donations were from friends and relatives that they do not have a financial interest in the transaction; and No donations made from participants with a financial interest in the transaction. (Participants include the seller, Home Mortgage Consultant, builder, real estate agent, etc.)
This is just another creative way to find financial assistance to the downpayment of future homebuyers.  What better way to ask for a donation towards your new house rather than getting another Blender or Toaster that you won’t need!  Perfect for First Time Home Buyers!

FHA Streamline Refinance 411 – The Quick & Easy Loan – No Cost – No Appraisal – Bad Credit OK!

No Cost, No Appraisal, Quick and Easy

No Cost, No Appraisal, Quick and Easy

FHA Streamline Refinance 411 – The Quick & Easy Loan – No Cost – No Appraisal

FHA Streamline 411:  FHA has permitted streamline refinances on insured mortgages since the early 1980’s.  This is a way to “Gurantee Refinance” regardless of certain requirements.  This is an excellent choice if you want to ..

1.)  Convert your ARM to a FIX regardless of past credit and upside appraisal issues.

2.)  Refinance to a lower rate, quick and easy without the headache of new loan process.

FHA Streamline Requirements:

  • The mortgage to be refinanced must already be FHA insured. 
  • The mortgage to be refinanced should be current (past late payments OK)
  • No Fico Score Required
  • Must lower the borrower’s monthly principal and interest payments to qualify. 
  • No Cash out over $500 on refinance.
  • No termite report is required
  • Appraisal not required
  • Income documents not required


FHA Streamline Process: The Streamline process is by far the most Fastest and Easiest to qualify.  Heres how it works

  1. Check to make sure your loan is a FHA loan
  2. Call me to complete a 5 minute application
  3. Sign and Complete disclosure forms to get Payoff from your current company.
  4. Wait 48 hours
  5. Close Loan
  6. That was easy!!