Homeowners can avoid short sales or foreclosures in the future if they are able to rapidly increase their equity in their current home
Past News ReleasesRSS
Laguna Hills, CA (PRWEB) May 16, 2008
The recent volatility of short-sales and home foreclosures have sent after-shocks through the foundation of the real estate and mortgage lending industry, which has trickled down to shake the American dream of home ownership. Therefore Countrywide Lending (CFC) will feature a weekly podcast with Norm Bour, nationally prominent radio Show host and real estate expert, to discuss alternative mortgage strategies. Bour has been teaching financial and wealth management strategies, as well as mortgage acceleration principles, for the past three decades. Most of his clients were able to pay off their mortgages in just 7-9 years.
"We are excited about the opportunity to provide Countrywide clients and consumers with pertinent real estate and mortgage information and strategies," said Bour. "Information is money in this highly volatile environment."
The relationship between Countrywide and Norm and Mike developed out of the new credit card introduced by Countrywide in the 2007 through their card partner, First USA. The card offered the cash back "rewards feature" of the credit cards to be applied towards principal reduction on a two to one ratio or to cash back. In a 2002 interview of Ted Bowers, Countrywide SVP, Norm and Mike shared their vision to educate and empower homeowners to pay off mortgages at a significantly increased rate.
"The continued slumping Real Estate market is even more incentive to get smarter about the rules of the real estate mortgage game," said Bour. "Homeowners can avoid short sales or foreclosures in the future if they are able to rapidly increase their equity in their current home," said Bour, and for those not facing those financial realities, this is a great time to use the credit crunch to their benefit."
Following the airing of the Ted Bowers interview on the Norm and Mike radio show, Countrywide noted that the interview generated an increase in podcast downloads and even credit card applications.
"This Week in Lending" is available at many online locations including iTunes, MySpace (NWS), You Tube (GOOG), plus many other lending sites including Countrywide Lending (CFC). Each segment is a 7-9 minute eye-opener on how things really work in the mortgage field and are geared towards empowering consumers on how to 'play the game.' Some of the topics to be covered include loan closing costs, FHA loans, debt consolidation, fixed rate and adjustable rate loans and even a new concept in lending known as 'green lending.'
Norm Bour has been teaching mortgage acceleration principles since 2002 and most of his clients are able to pay off their mortgages in as little as seven years.
"As long as the homeowner makes more money than they spend our mortgage acceleration program will absolutely work for them," states Bour.
This distinctive program, known as Mortgage Accelerator PLUS (M.A.P.), is offered nationally and is truly a unique and creative way to build up equity 70% faster than keeping things status quo.
"No question, Mike and I are known as ‘outside-the-box’ thinkers, and many of our clients have found that building up equity is really just a matter of money efficiency. And that is what we teach them," adds Bour.
With a collective 60 plus years in real estate and finance, they are becoming more prominent as the real estate market continues its downward slide.
"This is the third drop in the real estate market we’ve been through," adds Bour. "We saw it coming, warned our clients and listeners and saved many of them untold sums of money and heartache. Now we want to help the rest."
The secret to the problem is that the banking system in the United States is skewed to the advantage of the banks, the ones who made the rules, and detrimental to borrowers and homeowners.
"In most parts of the world, mortgage loans are reamortized only once per month," said Bour. "However, in the United States, they are reamortized every single day, piling interest upon interest. That’s one of the reasons it’s so difficult to pay off mortgages. Our program has proven successful and most of our clients are debt free in less than 10 years, saving hundreds of thousands of dollars in interest."
Bour added that, "Desperate times cause desperate home sellers to look into the future and look for solutions to declining property values and increasing volatility regarding interest rates, and M.A.P. is proven and increasingly popular option."
About Norm and Mike:
Norm Bour and Mike Roberts host "The Real Estate, Finance and Business Show" radio talk show, which is heard daily in Los Angeles from 2:00-3:00 PM on AM830, the home of the Mighty Ducks hockey team and the California Angels of Anaheim, and weekly in Las Vegas Sunday afternoons from 4:00-5:00 PM. "This Week in Lending" is available at many online locations including iTunes, MySpace (NWS), You Tube (GOOG), plus many other lending sites including Countrywide Lending (CFC). Each segment is a 7-9 minute eye-opener on how things really work in the mortgage field and they are geared towards empowering consumers on how to 'play the game.' Some of the topics to be covered include loan closing costs, FHA loans, debt consolidation, fixed rate and adjustable rate loans and even a new concept in lending known as 'green lending.' Norm and Mike serve a nationwide audience via the Internet at http://www.normandmike.com and counsel callers on all areas of real estate, financial planning, including taxes and estate planning, and specialize in mortgage acceleration strategies and alternative solutions for those facing a short sale or foreclosure. For more information, please visit http://www.normandmike.com, e-mail to email@example.com or call 866-275-6676.