Direct: (818) 435-6560 | tgrey@equitysmartloans.com

Blog

16
Oct
By Todd Grey
Home Buyer Tips, ,

How Changing Jobs Affects Mortgage Approval

Switching jobs can be an exciting step in your career, but for homebuyers, it can also raise questions about mortgage approval. Lenders evaluate income stability when considering a mortgage application, and a recent job change can influence how they view your ability to repay the loan. Understanding how a new position impacts your application can help you plan strategically and improve your chances of approval. How Lenders Assess Employment StabilityLenders want to ensure that borrowers have a reliable and consistent source of income. They typically look for at least two years of employment in the same field. Frequent job changes,…
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15
Oct
By Todd Grey
Mortgage, ,

Balloon Mortgages Explained

Balloon mortgages are a unique type of home loan that can be attractive to some borrowers, but they also carry specific risks. Unlike traditional mortgages with consistent payments over the life of the loan, balloon mortgages involve smaller monthly payments for a set period, followed by a large lump sum payment at the end. Understanding how balloon mortgages work, who they are suited for, and potential pitfalls can help you make an informed decision before committing. How Balloon Mortgages WorkA balloon mortgage typically has a fixed interest rate with relatively low monthly payments for a predetermined term, often five to…
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14
Oct
By Todd Grey
Mortgage Tips, ,

Mortgage Protection and Insurance for Your Home Loan

When buying a home, mortgage insurance can be an important but often misunderstood component of your loan. It is designed to protect lenders from the risk of borrower default, but it can also impact your monthly payments and overall loan cost. Knowing the types of mortgage insurance, when it is required, and how to manage it can help you make informed decisions and potentially save money over the life of your loan. Types of Mortgage InsuranceThere are several types of mortgage insurance that borrowers may encounter. Private mortgage insurance, or PMI, is typically required for conventional loans when the down…
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13
Oct
By Todd Grey
Financial Reports, ,

What’s Ahead For Mortgage Rates This Week – October 13th, 2025

Due to the government shutdown, nearly all reports will be delayed aside from a few third party reports. The Consumer Sentiment report has been released on time and shows that consumers are still frustrated with the economy and increasingly high inflation. It is unknown when the government shutdown will end and when we will be seeing reports released again in a timely fashion. Interest rates will still be continued to be adjusted amidst the government shutdown. Consumer SentimentAmericans have soured on the prospect of finding new jobs, a new survey shows. They are also still frustrated by persistent inflation, giving…
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10
Oct
By Todd Grey
Mortgage Tips, ,

The Connection Between Your Debt-to-Income Ratio and Mortgage Approval

When applying for a mortgage, one of the most important factors lenders review is your debt-to-income ratio. This simple calculation helps determine how much of your monthly income is already committed to paying debts, and it plays a major role in whether you qualify for a home loan. Understanding how this ratio works can improve your chances of securing the right mortgage. What Debt to Income Ratio MeansYour debt-to-income ratio, often called DTI, measures the percentage of your monthly income that goes toward paying debts. These debts include credit cards, car loans, student loans, and the expected mortgage payment. Lenders…
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