indiana fha expert: Mad Mortgage Machine Podcast - 02/01/10 12:13 PM
I had some issues over the last two weeks. I was finally able to get the latest episode of The Mad Mortgage Machine out. I had to redo it 2 times, but here it is in all of its glory.
The FHA Regs I have a lot of fun doing these and the response has been great. Feel free to fill in the contact form for your free ID Theft Biz Booster. I look forward to all of your comments and questions. I have more Mortgage Mailbag coming soon. I am getting a lot of great questions and some that I … (0 comments)
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indiana fha expert: REbarCamp Indiana the day after - 01/27/10 11:29 AM
RebarCampIndiana was a huge success with a sitting Governor coming in to speak to all those in attendance. That was certainly a first for a REbarCamp. There were over 475 people signed for the sessions. I got to lead two of them. One, by lets just say oversleeping on someone else's part. Hey, what happens in Indy stays in Indy, but I was with him when we closed down Scotty's Brewhouse the night before and I was there early.
Again, thank you to all of those that put on this great event and for those that volunteered their time … (2 comments)
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indiana fha expert: FHA and the Flipper - 01/21/10 02:27 PM
As foreclosures increase across the United States and that includes Indiana, banks are looking for ways to sell their overloaded REO inventory.
FHA has devised a plan that should be able to help many of those that buy homes, do some fixing up of the home and put it back on the market. In the hopes of turning a profit. FHA has waived the 90 day seasoning rule for sellers.
Here are the guidelines broke down.
The waiver takes effect February 1st, 2010 for a period of at least 1 year unless extended. (we will see if … (0 comments)
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indiana fha expert: iTunes and the Mad Mortgage Machine - 01/18/10 07:25 AM
As promised, the Mad Mortgage Machine Podcast can be downloaded from iTunes. I submitted to its vetting process late Friday night and late last night I was notified that I had passed. Please enjoy the show. Comments and questions are deeply appreciated.
A good rating is even more appreciated. I am going to be playing with the format as we go along and with the addition of more videos here and on www.madmortgagemachine.com. I am expecting great things in the 2010 and beyond.
I may not be licensed in your state, but as someone that has cultivated relationships … (1 comments)
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indiana fha expert: People to know in NW Indiana - 01/16/10 06:19 PM
How, how, how. No, I am not stuttering, it is the start of a legendary blues song that I can’t seem to find on youtube. So, what does this have to do with Nate Finn and what does a white guy know about the blues? Well, what does a blues guy know about SEO?
Well, the good news a white guys does know something about the blues and this blues guy knows about SEO. I have been reading his blog for sometime and learning about some of blues greats and even how to get a book of blues published. After getting to … (2 comments)
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indiana fha expert: Its here... - 01/14/10 04:09 PM
The long awaited, the highly anticipated, the often delayed…
The MAD MORTGAGE MACHINE Podcast…
I am calling Episode 0, it is more of a test cast. I think I have all the kinks worked out of it and I my next job is to get into iTunes, onto the Zune and wherever else I can put it.
This is not your daddy’s mortgage show, this is a whole new class of “infotainment”. I am often sarcastic, try to be funny and very informative. So. please take a listen if you like what you hear spread the word.
… (0 comments)
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indiana fha expert: Goals: a lesson in how-to - 12/31/09 11:16 AM
I wrote this blog nearly two years ago to the day. I wanted to revisit it and rehash it. I wanted to give myself a refresher course.
Your goals should contain the following 6 guidelines.
I call it the S.M.A.R.T.Y Method. It is still a work in progress and always being touched up.
#1 - S - Specific: Your goals should be as specific as possible.
How many transactions a month do you want to do? How much money do you want to make? How many hours a week do you want to spend working, time with kids etc?
#2 … (8 comments)
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indiana fha expert: Where in Indiana are you? - 07/10/09 12:27 PM
I cover the entire State of Indiana, I am not some nameless, some faceless or some body-less person that you never see or talk to. I am right here. I am in this video. I invite you into my circle of friends. I am the social part of this Social Media that we keep hearing about.
Covering the State of Indiana from Dave Woodson on Vimeo.
Indiana FHA Expert
I am Dave Woodson, I work out of the Bunker, you get to know me, I show you pictures of the Girl and the Wife (inside joke no). I am not that fat … (0 comments)
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indiana fha expert: Are you pre-approved - 07/09/09 01:22 PM
One of the most important and first question that every agent should ask is… Are you pre-approved? The pre-approval is, perhaps, the most important step in purchasing a home. A great place to start is here on the Mad Mortgage Machine and getting all of your ducks in a row to get pre-approved for the Indiana home loan. Remember that…when you get the loan approved upfront will save you so much trouble. It will eliminate the need for last minute shopping around for a mortgage after you have you have found the home of your dreams only to find out that … (0 comments)
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indiana fha expert: Indiana Real Estate and Mortgage Market Conditions - 07/06/09 11:06 AM
July 06, 2009
Today, I am still in vacation mode and taking the afternoon off to the Girl the water park here just west of Michigan City. However, the rest of the mortgage and other markets are not taking the day off. They are back in full swing for the "dog days" of summer. When is our next day off? Labor Day?
July 06, 2009 Mortgage Market Conditions from Dave Woodson on Vimeo.
Mortgage and Housing Market Condition for Indiana
If you have any questions just let me know, my new mortgage hot-line number is (219)841-5053. I love Google Voice. I am … (0 comments)
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indiana fha expert: Indiana FHA Home Loan - 05/13/09 07:37 AM
Indiana FHA Home Loan POSTED BY Dave on May 13 under Business, Mortgage, real estate Are you unhappy where you are living? Are you too old to be living with mom and dad?
With an Indiana FHA Home Loan…You can change your life.
Whether, you are a first-time home buyer, have owned a home before or have less than perfect credit FHA more than likely has a program that will best suits your needs. I am Dave Woodson and I am The Mad Mortgage Machine and I will take you through the Indiana FHA loan process step-by-step.
With an FHA Loan … (0 comments)
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indiana fha expert: What is Fannie and Freddie thinking - 04/20/09 10:20 PM
Fannie and Freddie makes Indiana FHA and easy choice POSTED BY Dave on Apr 20 under Mortgage I got good news and bad news….
OK, first the good news…mortgage rates are down and housing prices are lower — which is fantastic for many buyers and those looking to refi.
Please click over to my updated blog post @ the Mad Mortgage Machine, it will open a new window
Please read this carefully, that the over all effect of the underwriting guidelines, credit score and pricing changes will simply push some people who are able to buy a house right out … (3 comments)
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indiana fha expert: A must watch - 03/09/09 10:16 AM
I want to thank Chris Hedges for bringing this to my attention. This is a great video that we all need watch. It really explains the Credit Issue in a fashion that we all can understand. I would suggest that we all take a moment and watch it. I posted this on my facebook and have already recieved several great comments.
The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.
Please let me know what you think? I still think we will climb out of this and get back to a point of prosperity very soon. We just need to … (2 comments)
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indiana fha expert: The Indiana First Time HomeBuyer Tax Credit Form - 03/04/09 01:24 PM
First Time Indiana Home Buyers, As part of the American Recovery and Reinvestment Act of 2009, the IRS has officially released Form 5405 — better known as the…First-Time Homebuyer Credit Form.
True to tax code standards, the 10-field form is accompanied by 3 pages of instructions, but don’t worry it is not that bad. However, I am not a tax professional, nor do I play one on TV. If you would like a referral for one in your area please let me know.
The IRS form 5405 is a helpful, go-to resource for home buyers with questions about the tax credit … (0 comments)
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indiana fha expert: LaPorte and Surrounding counties FHA Loan Limits - 02/27/09 09:57 AM
As a part of the Stimulus Package,some counties in our area have increased, but the Indiana FHA loan limits for LaPorte, Starke, St. Joseph and Elkhart Counties will remain at the 2008 levels.
One-Unit - $271,050
Two-Unit - $347,000
Three- Unit - $419,425
Four Unit - $521,250
There really never has been a better time than now to buy, build or refi. If you or anyone you know are looking for a true mortgage professional to review the opportunities that are out there please give me a call at (219)872-8000. Or you can apply online at the Mad Mortgage … (0 comments)
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indiana fha expert: Porter and Lake County 2009 FHA Loan Limits - 02/26/09 04:51 PM
As a part of the Simulus Package, the loan limits for Porter and Lake Counties have increased back to the 2008 levels.
One-Unit - $410,000
Two-Unit - $542,850
Three- Unit - $634,450
Four Unit - $$788, 450
There really never has been a better time than now to buy, build or refi. If you or anyone you know are looking for a true mortgage professional to review the opportunities that are out there please give me a call at (219)872-8000. Or you can apply online at the Mad Mortgage Machine blog, the Indiana FHA Expert. You can download my 14 … (0 comments)
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indiana fha expert: Best time in Indiana to Refi - 02/24/09 04:46 PM
If you are in Indiana and have any equity in your home it is the perfect time to refi. Rates are still historically low, and soon there will be some changes from Fannie and Freddie that will make refi’in a tad harder. I have a great example of why it is more than perfect time to refit.
I just closed a home refi with a husband and wife, they were fantastic and ecstatic. They loved me as well. I was able to take them from a 7.5% FHA rate to 5.5 conventional loan. What makes me angry is that when they … (0 comments)
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indiana fha expert: This week in Indiana Mortgage Rates - 02/23/09 08:06 PM
Last week, traders brushed off the passage of the American Recovery and Reinvestment Act (porkulus) and the President’s mortgage relief plan. (the jobs not as easy as you thought)
It really showed just how insecure the markets are about the stimulus package and the impact it could have on the economy. My own fear is rampid inflation in 2010 and rates move even higher.
I broke down the rest of the data and publised it on my website over at the www.madmortgagemachine.com
It is a great resource for the Indiana Home Buyer
Please take a moment and pop over … (3 comments)
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indiana fha expert: A great way to buy your first Indiana home - 01/27/09 01:15 PM
I was sitting in a class last night after speaking to a few local Real Estate Agents about buying foreclosed homes and some multi-units. I had one of those moments of clarity and I am not sure why I had not thought of it before.
Her monthly was payment was $499 and that does not include taxes or insurance, but the renters paid nearly 75% of her monthly payment. Now, are you tired of renting? Would you like your monthly living expense to go down?
Really, with the higher loan amounts for NW Indiana. You could buy yourself a heck of … (2 comments)
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indiana fha expert: This Week in Mortgage Backed Bonds - 01/12/09 03:55 PM
In the first full week of 2009 the mortgage backed bond market have traded back-and-forth in a seemingly never ending tug of war and eventually closed the week improved overall.
The weekly mortgage rates have fallen for the first time since mid-December.
The big news of last week was the Friday’s jobs report, and according to governmental press release: the economy shed another 524,000 jobs in December, raising the total job losses for 2008 to 2.065 million.
Making it the largest annual job loss since 1945, and the press reminds us everyday. What they do not tell you is that we … (2 comments)
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