Residential Real Estate – Mortgages and Property Values

Bob interviews Dave Perry, Sr. Vice President of Fidelity Bank and Larry LaChance, President of Banker’s Capital, about various topics on residential and commercial lending.

The first interview is with Dave regarding the residential mortgage market. They discuss current market conditions. Did you know that as of January 2012, if your mortgage has been sold to Freddie Mac or Fannie Mae, you can qualify for refinancing.

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Dave shares his thoughts on the residential values. Will the housing prices ever return to the inflated values that were prevalent a few years ago? The answer is no. However it is cheaper to stay in the home and refinance than to foreclose and rent.

Listen to the discussion