In this episode, we discuss occupancy fraud, high-profile cases of mortgage fraud, the role of AI in detecting fraud, the consequences of fraud in politics, and more.

www.johngaltmortgage.com

team@johngaltmortgage.com

In Episode 3 of the Pursuit of Property Podcast, hosts Max Rymer and Andrew Chermak dive into one of the most talked-about topics in housing news: the proposed 50-year mortgage. After comments from FHFA leadership sparked national debate, Max and Andrew break down what this policy would actually mean for affordability, interest rates, homeownership, and long-term financial health.

They unpack how the 50-year concept compares to the traditional 30-year mortgage, why interest rates rise as terms lengthen, and the unintended consequences that could leave buyers paying mostly interest for the first decade. The conversation also looks back at the history of U.S. mortgages—how FDR’s 30-year fixed loan transformed housing—and why extending terms today may not solve the core problem.

They discuss:

• Why a 50-year mortgage might not lower payments as much as people expect
• Why homeowners could end up “renters with paperwork”
• How amortization works (and why equity matters)
• Whether this helps or harms first-time buyers
• The political motivations and economic implications
• Why fixing affordability requires deeper structural changes, not just longer loans

If you want a clear, honest breakdown of mortgage policy from two industry insiders, this episode delivers it.

In Episode 2 of the Pursuit of Property podcast, Max and Andrew take a deep dive into one of the biggest challenges facing Americans today: home affordability. They break down why it feels increasingly difficult to buy a home, especially for younger and first-time buyers, and how self-employment, interest rates, and low housing inventory all contribute to this growing gap.

The conversation explores generational shifts in homeownership, what has changed since the pandemic, and why the average first-time buyer is now nearly 40 years old. Max and Andrew offer practical guidance on navigating the current market, from being realistic about entry-level homes to understanding why waiting for a price crash may not be a winning strategy. They also discuss the importance of financial education and how homeownership remains one of the strongest wealth-building tools in America.

Welcome to the "Pursuit of Property" podcast, sponsored by The John Galt Mortgage Company. Here, we discuss big ideas and topics related to "pursuing property". In this episode, we discuss - Is the US becoming a nation of renters? And, what do both sides of the political spectrum have in common with regards to homeownership?

Andrew's Viral Facebook Post: https://www.facebook.com/AndrewChermakJGMC/posts/pfbid0o5NsUUqkLkKE4j96jWGSmY8KMK1DcDBUc7qkWVNC8d6sPT6HiBr76di7Pbj3fS54l

Visit John Galt Mortgage's Facebook Page: https://www.facebook.com/JohnGaltMortgage

Visit the John Galt Mortgage site for more info: https://www.johngaltmortgage.com/