Hello, and welcome to Real Estate Reality Radio. The most important half hour of radio every Friday from 9 to 9:30 on WBCB 1490 am. Thank you for joining us. For those of you who are new to the show I have spent the last 40 years in the real estate industry both as a realtor and a mortgage banker. The show is dedicated to dispelling the myths associated with Real Estate and finance in your marketplace.
Within every market there are obstacles and solutions on the path to tremendous opportunities. I believe that most people are looking for practical advice. Please feel free to call 215-740-8999 or visit petethemortgageguy.com.
Please join us live on the web at www.wbcb1490.com or on your FREE app Tune In Radio from 9:00am to 9:30 am every Friday.
Last week we were joined by Chris Nisbet and Jaye Steuterman, realtors from J. Carroll Molloy in Doylestown.
This week’s news was mostly a missing plane and the Ukraine again. However the real estate news has been limited to Zombie Foreclosures. Yes those pesky properties in every neighborhood that the bank foreclosed on but refuses to maintain. They destroy the value of your home. While the number of homes being foreclosed is dropping that does not change what the one next door to you does to your value. Also of some comic value Fannie Mae and Freddie Mac are potentially going away because two politicians (Johnson and Crapo) are working on a new plan to eliminate the two behemoths. Interesting timing. Fannie and Freddie are actually now profitable so we should consider shuttering them. Seriously! Even FHA now has a surplus and there is consideration that they may lower their monthly premium. Is anyone ever happy?
Today Eddie and I are on our own to talk about the effects that the cold and snow have had on our local area. .
Please join us live at www.wbcb1490.com for the open discussion about the opportunities that are available to many who may not know they are there. You cannot get the answer to a question you have never asked. We are here to help answer the questions.
Each week we discuss the myths of the mortgage market. It is not about rate. A higher rate with no mortgage insurance may provide a lower payment.