OC TALK RADIO

After we take our usual quick look at the real estate market and the macro trends affecting it (like lower job reports and worries out of China), our hosts Hamid and Fay Hamidanchy explore when the best times to sell your home nationwide and here in Orange County.  And the results may surprise you.  They also end this week’s installment of this week’s OC HOUSING CONNECTION with a quick review of “alternative ways to establish credit”, particularly for those aging baby boomer (like me) who’ve paid off their houses and/or ripped up their credit cards and restrained themselves from buying anything big…leaving them with suddenly little or no credit history in this last chapter of their life.  Learn why too much frugalness may work against you and how to work around it if you still want to buy another home someday on credit (and invest the cash from your existing home for needed cash flow after you retire).  Fascinating ideas from Orange County’s only community radio station, www.OCTalkRadio.net.

In a world of low, fixed rate mortgages, you wouldn’t think the old adjustable rate mortgages (ARMS) so popular in the 90s would still be around.  But you’d be wrong!  Today our hosts Hamid and Fay Hamidanchy discuss their past experience with these popular products, how, why and where they can still be found and who might benefit from using one.  For example, most of us refinanced our homes somewhere before or after the “Great Recession” to take advantage of incredibly low, fixed rate loans.  We did this to take the risk out of potential rises in our loan costs (particularly those of us that had risky “high cap” loans that could soar someday into double digits).  But did we actually come out ahead?  We removed the risk but may (in fact) may have paid MORE over the last few years for these fixed rate loans, particularly since the indexes on which they were based (like LIBOR) also remained so low. ARM yourself with some amazing facts about adjustable rate mortgages on this week’s installment of OC HOUSING CONNECTION and see how you fared here on Orange County’s only community radio station, www.OCTalkRadio.net.