Hello, and welcome to Real Estate Reality Radio. The most important hour of radio every Friday from 9 to 10 on WBCB 1490 am. Thank you for joining Vince and me. For those of you who are not familiar with the show I am the guy with a bow tie and a bit of an attitude and Vince is the fun affable best friend. Our 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. Vince and I think most people are looking for practical advice. Please feel free to call 215-740-8999 or visit peterbuchsbaum.com.
Please join us live on the web at www.wbcb1490.com from 9:00am to 10:00 am every Friday.
So last week we discussed the importance of having a lawyer before you make an offer with Ralph Friedman. This week was full of great current events: Underwater Homeowners Get a Promise. Does Principle Reduction Work? Today Vince and I are joined by Richard Hoback. Richard is a Reverse mortgage specialist from our office.
In 2002 after watching seniors on fixed income face the growing problems of rising expenses, Richard started looking for solutions to help. He found a solution in reverse mortgages and started working for Wells Fargo Home Mortgage, as regional manager his territory was the fastest growing in the nation and grew from $18M to $110M in 3 1/2 yrs. After working a decade with reverse mortgages Dick has found them to be a unique financial tool that allows seniors to use one of their largest assets to increase their monthly income. Dick has been able to help hundreds of seniors get relief from their financial stress and enjoy their retirement with a great peace of mind. A graduate of the Univ. of Delaware he and his wife Gina and I live in Yardley, Pa.
Today we have the opportunity to spend an hour with Richard to learn more about Reverse Mortgages. .
Please join us live at www.wbcb1490.com for the open discussion with Richard Hoback.
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.
Next week we hope to be joined by a member of Right Side Up who is hosting another Home Retention Seminar on Thursday April 26th at CMS Appraisals located at 65 W. Street Road, Warminster, PA.