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 Doug Ziegler a reverse mortgage specialist at Gateway Funding in an effort to discuss the new rules for reverse mortgages.
This week’s news was mostly about turmoil in the Ukraine and the international responses to Russia’s attempts to occupy a sovereign country. Here at home more news about banks behaving badly. There was an article Free Checking disappearing at big banks. Only 38% of banks now offer free checking while 72% of credit unions offer a no strings attached free checking account. To add even more credence to my battle cry is that the average overdraft fee at credit unions according to the article is $26.96 versus $32.20 at the banks. The other article worth looking at is that in the top 10 cities (See number 7 Philadelphia) it is beneficial to own versus rent. Trulia states that nationally a homebuyer that remains in his/her home for 7 years will save an average of 38% over renting. The interesting statistic was that a year go that number was 44%.
Today Eddie and I are by old frienda and contributors on the show Chris Nisbet and Jaye Stueterman from J. Carroll Molloy in Doylestown. Eddie and I had the opportunity to spend about two hours discussing everything from self promotion to sales in the snow laden I95 corridor. So hello to our new friend Marie Kovach, Georgi Sensing, and Toni Daly. That was probably the best two hours we have spent in a long time. Thank you all.
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.