Episode 51: What Can I Do With My Mortgage with Tom Cramer
by Financial Design Studio, Inc. / September 16, 2024I have a mortgage but . . . whether you want to refinance, purchase a second home, or are getting divorced, you have a lot of options. In this episode, Tom Cramer, a mortgage officer at Wintrust, explains what is currently effecting the lending industry and what you can do with the mortgage you have.
Take a listen right here, or head over to your favorite steaming platform!
Key Moments
1:14 What is changing for mortgages?
3:57 When should I refinance?
10:31 What if I want to purchase a new or second home?
17:41 What about for first time home buyers?
23:07 Can retirees get mortgages?
29:11 How will the 2024 election or the Fed impact mortgages?
34:13 What if I get divorced?
38:44 What if one of the mortgage owners dies?
42:32 Closing thoughts
Links Related to Mortgage Policies
Listen to episode 27, “What Homebuyers Need to Know About Mortgages.”
Connect with Tom Cramer through Linked In.
Watch our video “Should You Refinance Your Mortgage?”
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 money. We’ll see you in the next episode.
Credits for Episode 51
Host: Michelle Smalenberger, CFP®
Guest: Tom Cramer
Executive Producer: Anna Lewis
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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.