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 Bill Mulhern a teacher for Pennsylvania Association of Realtors.
This week’s news was mostly about turmoil in the Ukraine and the havoc that the bitter cold has caused to the economic reports. The real estate news was not immune to the weather by any means. Mortgage applications for purchases are now down to levels not seen since 1995. Home Prices according to a Case-Shiller study show a continued push up but the growth is slowing. According to a recent article the future appreciation of real estate will remain modest at best. They did provide a list of areas (not around here) that they expect huge increases in prices.
Today we are joined by Doug Ziegler from Gateway Funding. Doug is in charge of all of the Reverse Mortgages at Gateway and is a huge resource for the loan officers as well as the seniors that have an interest is Reverse Mortgages. Doug has assisted hundreds of seniors nationwide achieve their financial and personal goals using their current assets to live their retirement as they dreamed they would. Doug’s clientele has encompassed the full spectrum of seniors from those struggling to buy groceries to those in multimillion dollar homes. Each borrower has expressed the same desire….independence and to remain in their home.
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.