The Real Estate Show

Radio Show Notes 09/11/24 Wednesday: 

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Maximize Your Real Estate Investments with Strong Credit and Mortgage Tips and Current Trends

By Eric Willner, Investor, Coach, and Host of The Real Estate Show, America’s Longest-Running Daily Real Estate Radio Show

Welcome back to The Real Estate Show—South Florida’s #1 real estate program and America’s longest-running daily radio show dedicated to all things real estate! I’m Eric Willner, your trusted guide in the world of real estate, also known as the "Voice of Real Estate." As the founder of this daily radio show and the creator of the Automatic Landlord System, I’m here to help you navigate the often complex waters of buying, owning, and improving real estate profitably and hassle-free. In every episode, we deliver a virtual seminar to give you the tools you need to succeed.

Today, we’re diving into the Wednesday Midweek Mortgage & Market Report, where our theme is “The Power of Credit in Your Finances.” It’s crucial to understand that your credit is not just a number—it’s a tool that can either accelerate or hinder your real estate success.

Why Credit Matters in Real Estate

Whether you’re buying your first home, expanding your investment portfolio, or refinancing, having good credit is essential. Did you know that even a small improvement in your credit score could save you thousands of dollars over the life of your mortgage? This is why managing your credit is critical if you're serious about real estate investing.

This Week’s FREE Workshops

Before we get into today’s deep dive on credit, let me quickly remind you of our FREE workshops happening this week. These are must-attend sessions if you're looking to boost your financial literacy and make smarter real estate decisions:

1. Tuesday at 8 p.m. – Path to Homeownership Introduction (Online by Invitation). Text “Home” to secure your spot.
2. Wednesday at 8:30 p.m. – Financial Edge University Overview (Online by Invitation). Text “Edge” for access.

These workshops are designed to give you the Financial Edge you need to navigate today's challenging market.

The Three Keys to Financial Success

At The Real Estate Show, we believe in a holistic approach to financial success, and it all starts with three key pillars:

1. Homeownership – Everyone should be a homeowner. It’s the cornerstone of wealth-building in America.
2. Financial Order – Having a written financial plan ensures you manage your assets, liabilities, and income effectively.
3. Owning a Business – Every individual should own a business that not only provides income but also delivers tax benefits, helping you keep more of what you earn.

This three-pronged strategy is at the heart of our system, and it’s why we offer you the tools, workshops, and knowledge to succeed.

Top Trending Topics: Credit and Mortgage Rates

Now, let’s talk about the top trending topics in today’s mortgage market. According to BankRate.com, national mortgage rates have mostly ticked upward over the past week. Here’s a quick look:

• 30-Year Fixed Mortgage: 7.36% (up 0.07%)
• 15-Year Fixed Mortgage: 6.79% (up 0.07%)
• 5/1 ARM: 6.66% (down 0.03%)
• 30-Year Fixed Jumbo: 7.41% (up 0.06%)

Some analysts had expected mortgage rates to drop this year, but fluctuating Treasury yields and inflationary pressures have kept rates higher than anticipated. This makes it more important than ever to lock in a mortgage rate that works for you—especially if you have good credit.

How Good Credit Can Improve Your Real Estate Journey

Your credit score impacts nearly every aspect of your real estate experience—from securing a mortgage to the interest rates you’ll pay. Here are two critical ways good credit helps:

1. Lower Mortgage Rates: With a higher credit score, you’ll qualify for the lowest mortgage rates available, saving you thousands over the life of your loan. This is especially important in today’s rising interest rate environment.
2. Streamlined Mortgage Approval: When you have strong credit, the mortgage approval process becomes quicker and less stressful. You’re more likely to secure financing without unnecessary delays, allowing you to move faster in the competitive real estate market.

Facing Financial Challenges? Take the 72-Hour Challenge!

If you're struggling with credit, debt, or simply not sure how to navigate your financial situation, I invite you to take the 72-Hour Challenge. It’s designed to put you on the fast track to financial success by focusing on key areas:

• Putting money back in your pocket each month
• Saving on taxes
• Reducing interest expenses
• Lowering monthly bills
• Improving your credit score

By taking this challenge, you’ll see immediate benefits and start moving closer to your real estate goals.

Current Market Conditions and Real Estate Trends

While interest rates are currently higher than they were last year, some experts still predict a rate cut in 2024. However, waiting for rates to drop isn’t always the best strategy. If you're ready to buy, it might be worth securing a property now and refinancing when rates do eventually fall. This way, you can start building equity and gain the tax advantages of homeownership sooner.

Conclusion: The Time to Act Is Now

Today’s show has centered around the power of credit and how it plays a critical role in your real estate success. Whether you're an aspiring homeowner, a seasoned investor, or somewhere in between, the time to act is now. Improve your credit, secure a mortgage, and start building your real estate portfolio today.

Tomorrow’s edition of The Real Estate Show is our ATM Edition – About The Money, where we’ll dive deeper into real estate financing and money management strategies. You don’t want to miss it!

Also, be sure to share this blog with anyone who’s ready to take control of their financial future through real estate. And remember, you can listen to any of our 30-minute broadcasts by visiting our Facebook page at Facebook.com/TheRealEstateShow.

Eric Willner,
Host of The Real Estate Show
Creator of the Automatic Landlord System
Contact: Eric@EricWillner.com | 888-595-7779

Be sure to follow us on Facebook and catch the rebroadcasts 24/7 for more tips on how to buy, own, and manage real estate—The Automatic Landlord way!

Also, you can listen to the entire 30 minute broadcast of any day’s edition of The Real Estate Show by clicking on the audio link on that days summary post. You can also watch the Facebook Live video at www.facebook.com/TheRealEstateShow.

Want to know more? If you are serious about real estate and paying off debt, then find out more on today and every day’s episodes and learn more about Real Estate Investing and learn HOW TO by listening to The Real Estate Show with Eric Willner , Live every weekday morning at 9 o’clock (EST) on Florida’s Money Talk Radio stations WWNN AM1470, FM 95.3 and FM 96.9. You can also hear us on the free apps: iHeart Radio and TuneIn. Recorded Rebroadcasts are available 24/7 on Facebook. Please share this and our Facebook updates.

Eric Willner is the Host and Founder of The Real Estate Show, an informative show about how to buy, own, and improve real estate the right way, on autopilot. - The Automatic Landlord way. (AutomaticLandlord.com) You can reach Eric Willner at Eric@Ericwillner.com or 888-595-7779.

Also listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow 

Eric Willner is the Host and Founder of The Real Estate Show, an informative show about how to buy, own, and improve real estate the right way, on autopilot. - The Automatic Landlord way. (AutomaticLandlord.com) You can reach Eric Willner at Eric@Ericwillner.com or 888-595-7779.

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