Podcast Episode 27: What Buyers Need to Know About Mortgages with Tom Cramer
by Financial Design Studio, Inc. / October 2, 2023High interest rates and low housing supply put homebuyers at a disadvantage. In this episode, Tom Cramer, a mortgage officer from Wintrust, explains the different options homebuyers have whether they are looking for their first home or a second.
Behind the Designs Ep. 27 : What Buyers Need to Know About Mortgages with Tom Cramer
Take a listen right here, or head over to your favorite steaming platform!
Key Moments
2:01 Meet Tom!
7:34 What is the current environment of mortgage rates?
14:05 What is a loan officer looking for?
15:41 What do you need to know about pulling credit?
24:04 What self employed and business owners need to know?
27:20 What do home builders need to know?
34:14 How can you improve your debt to income ratio?
38:36 What should you look for in your mortgage?
42:35 What is the IHDA program?
Links for Homebuyers and Mortgages
Read more about how Federal Student Loan Repayments are Resuming
Check out the Illinois Housing Development Authority (IHDA)
Find an estimate of your credit here at freecreditreport.com
Read more from Tom about How to Buy a Home and the IHDA Program
Stay Connected!
If you want to hear even more episodes, like this one, be sure to subscribe to the Behind the Designs podcast on your favorite streaming platform! The Behind the Designs podcast shares with you an inside perspective at how financial advisors think about certain topics. We’ll see you in the next episode.
Credits for Episode 27
Executive Producer : Anna Lewis
Host : Michelle Smalenberger, CFP®
Guests : Tom Cramer, Mortgage Officer at Wintrust
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Financial Design Studio, Inc.
We are financial advisors in Deer Park and Barrington, IL. A team with a passion for helping others design a path to financial success — whatever success means for you. Each of our unique insights fit together to create broad expertise, complete roadmaps, and creative solutions. We have seen the power of having a financial plan, and adjusting that plan to life. The result? Freedom from worrying about the future so you can enjoy today.