Mr Mortgage Show: Mortgage and Housing News

Mr Mortgage Show: Mortgage and Housing News

Every day, most people approach the largest financial decision of their lives with misinformation, misleading data, and just plain bad advice. The wrong move can cost you thousands, even hundreds of thousands of dollars. The Mister Mortgage Show, hosted by Mark Eitel. Take a fun. never boring, deep dive into the data of the day. Told in often comical, but always relatable stories. The answers to your questions are here. Spend an hour in this interactive Q&A formatted weekly talk show. You’ll likely laugh, maybe scratch your head, but you’ll always be informed and entertained. You’ll walk away with the information and answers you’ll need to make better real estate and mortgage decisions for you and your family. Mark Eitel was born into a family of custom home builders, worked in the family business from an early age, and has been involved in real estate, finance, and development. He has a keen ability to dissect the data and answer your questions with fun stories and examples from his lifetime of experience in real estate and mortgage finance. He even mixes in some self-deprecating humor! Follow the show at https://www.facebook.com/TheMrMortgageShow or www.mr.mortgage or www.meetmarkeitel.com Mark Eitel NMLS#1929005 Main Office (561) 935-5474 Virginia Office (804) 433-3883

Episodes

April 28, 2024 39 mins
Higher Rate, Big Savings: A Debt Consolidation Success Story.

This week on The Mr. Mortgage Show, we dissect a real-world example that defies conventional wisdom: refinancing into a higher mortgage rate to achieve substantial monthly savings.

We take you through the journey of a homeowner who, despite the rise in their mortgage rate, managed to save over $500 per month by consolidating their high-interest debts into their new mortga...
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In this episode of The Mr. Mortgage Show, we delve into the nuances of selling a home without the assistance of a realtor, a timely topic in light of the recent National Association of Realtors (NAR) commission lawsuit and proposed settlement.

With many homeowners now questioning the need to pay substantial real estate commissions, we explore the possibility and challenges of the For Sale By Owner (FSBO) approach.

We provide an in-d...
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Multigenerational housing and the purchase options: Yes they are a thing!

In this insightful episode of The Mr. Mortgage Show, we explore the growing trend of multigenerational living and its myriad benefits. 

As families look for ways to support aging parents while managing their own households, the concept of buying a home that accommodates multiple generations has become increasingly appealing.

We delve into how builders are respo...
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Join us as we tackle the often-overlooked strategy of debt consolidation refinances and how it can be a financial game-changer for many homeowners.

Amidst the struggle with high-interest rate debts from credit cards and car loans, many cling to their historic low mortgage rates without realizing the potential for massive monthly savings.

We dive into the nuances of leveraging your mortgage for debt consolidation, weighing the trade-...
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The NAR Settlement Explained. In this week's episode of The Mr. Mortgage Show, we delve deep into the proposed settlement of the National Association of Realtors (NAR) lawsuit and its potential impact on consumers.

Will this legal resolution truly lead to savings for homebuyers and sellers, or is the outcome less promising than it appears?

Join us as we unpack the details of the settlement, analyze its implications for the real esta...
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In this informative episode of The Mr. Mortgage Show, we uncover the often-overlooked strategy of buying a home with an assumable mortgage; a tactic that could save buyers thousands of dollars.

As interest rates fluctuate, the appeal of assuming an existing mortgage with favorable terms becomes increasingly attractive. We dive deep into what assumable mortgages are, how they work, and the potential financial benefits for buyers.

Our...
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This week on The Mr. Mortgage Show, we delve into the demographics of homeownership in the United States, focusing on a striking trend: the average age of homeowners is over 50, and they're sitting in an enviable financial position.

With no urgency to sell, this group of homeowners is equity rich, thanks to years of property value appreciation. We explore how this substantial equity allows them to weather higher interest rates and ...
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On this week's show Mark, as only he can do, takes an unconventional approach to understanding the complexities of mortgage applications by comparing them to the preparation required for a colonoscopy.

Yes, you heard that right! Both can be a pain in the butt, but as we'll explore, proper preparation can significantly ease the process. We dive into the similarities between the two, emphasizing how being well-prepared can transform ...
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In this episode of the Mr. Mortgage Podcast, we explore the current state of the real estate market, characterized by stagnation and the dashed hopes for immediate lower interest rates.

As many prospective buyers and sellers sit in limbo, waiting for a sign of movement, we dissect whether this stagnation poses a significant problem for the market at large.

Join us as we delve into the underlying causes of this inertia and discuss po...
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In this episode we dive into the latest economic trends affecting the real estate market. With higher inflation numbers likely keeping interest rate cuts at bay, we explore the "higher for longer" scenario and its implications for homeowners and potential buyers.

Additionally, we uncover startling data on mortgage delinquencies, highlighting that nearly 11% of FHA mortgages are now delinquent. Is this an early warning sign of a mar...
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February 11, 2024 39 mins
This episode of The Mr. Mortgage Show challenges a common misconception in real estate: that interest rates should dictate the timing of purchasing a primary residence.

We delve into why interest rates, often considered a vanity metric, should not be the driving factor in the decision to buy a home. Instead, we consider that the decision should be grounded in the real fundamentals: family needs, wants, and budget.

Join us as we expl...
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Interest rate is not the most important factor when deciding whether to buy or sell real estate. Wondering what is more important than interest rate?

This week's show is for you! In this week’s episode of The Mr. Mortgage Show, we delve deep into the often-overlooked variables that play a crucial role in making informed real estate decisions.

Whether you’re thinking of buying your dream home or selling a property, there's more to c...
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In this episode, we dive into the evolving landscape of real estate, comparing the market dynamics of 2024 with those of recent past.

While the approach to buying might have changed, the game's essence remains the same – building equity over time.

Mark Eitel brings this to life with a compelling analogy: the elevator, escalator, and stairs. Each represents a path to growth in real estate, with varying speeds and experiences, but al...
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In this eye-opening episode, we're tackling the emotional rollercoaster of real estate decisions, amplified by the rise of social media influencers.

With a flood of persuasive content and generalized advice, it's easy to get swayed into making hasty buying or selling decisions.

We dive into how some might be misrepresenting data or pushing narratives for personal gain, and why it's crucial to stay grounded.

Join Mark Eitel, as he d...
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Once again the Headlines are Wrong! The devil is in the Data!
This week, we're cutting through the noise of sensational headlines to reveal the truth behind the recent surge in mortgage applications.

Contrary to popular belief, this uptick isn't signaling a flood of buyers entering the market. Instead, we uncover that it's driven largely by homeowners seeking to refinance amidst mounting debt pressures. J

Join Mark Eitel, as he disse...
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We're diving into the Biden administration's ambitious proposal to fund 500,000 affordable homes. It's a plan that could reshape America's housing landscape, but what's the real story behind the headlines? We'll explore the potential upsides, like increased accessibility and market stabilization, and weigh them against the possible downsides, including market impacts and funding challenges.

Join us for a balanced and insightful disc...
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December 31, 2023 39 mins
Mortgage Rates in 2023 - The Ultimate Groundhog Day!
Isn't it ironic? In 2023 All the rate predictions were wrong. This was highlighted by us blowing past 8%. Now as the year wraps up, we find ourselves right back where we started.

Today, we're exploring this deja vu and what it means for the real estate market. Have we truly come full circle, and if so, what's next on the horizon? J

Join us for a lively discussion as we dissect the ...
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Ever feel like you're at a financial buffet, tempted to overspend and overborrow, especially when it comes to real estate?
You're not alone. In this episode, we're unpacking the 'Buffet Behavior' in finance – that urge to bite off more than you can chew in the property market.
We'll dive into why we get caught in this cycle, the impact it has on our wallets and the housing market.
Whether you're a first-time buyer, a seasoned inves...
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In this episode, we're riding the waves of fluctuating mortgage rates. As rates take a sudden dip, the big question looms: Is it time to pop the champagne and celebrate, or should we be wary of a potential head fake?

Mark dissects the factors driving these rate changes and what they mean for buyers, sellers, and the overall housing market; As only he can do, painting visual pictures with relateable stories and metaphors!

Join us for ...
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December 12, 2023 30 mins
The Red Devil Cycles 2023 Toy Run Live Recap!

Bikes, Beers, Barbeque, and Lots of Toys for the kids of Martin County Florida!
and of course, Yours Truly and the Mr. Mortgage Crew! We had a blast doing a live remote show for the event.
A huge thanks to John & Luann at www.RedDevilCycles.com another great event for a great cause.

Follow the Fun and Get Ready for the 2024 Run at https://www.facebook.com/reddevilcyclesinc

Meet the 2023...
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