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

Blog

13
Nov
By Todd Grey
Mortgage, ,

Understanding the Components of Your Monthly Mortgage Payment

If you’re new to homeownership, you might be wondering exactly what makes up the mortgage payment you’re sending each month. Beyond just the loan amount itself, there are several different components that all factor into your monthly mortgage payment. Understanding these components not only helps you see where your money is going but can also assist you in optimizing your mortgage and possibly securing a better rate. 1. Principal The principal is the amount of money you originally borrowed to purchase the home. It represents the bulk of your loan balance and is paid down over the term of your…
Read More
12
Nov
By Todd Grey
Financial Reports, ,

What’s Ahead For Mortgage Rates This Week – November 12th, 2024

Big inflation reports for the coming week with both CPI and PPI on the schedule. We should expect the data to remain within expectations given the latest reports from both the PCE Index and GDP estimates. The Federal Reserve has still remained hawkish and the last rate decision the expectation is the current rates should maintain. However with the inflation being very close to the Federal Reserve’s target inflation rate and the expected “soft landing” on the horizon. The outlook is optimistic for another round of rate cuts in future. Federal Reserve Rate DecisionIn the face of slowing inflation and…
Read More
11
Nov
By Todd Grey
Holidays, ,

Supporting Veterans on Their Path to Homeownership And Honoring Our Heroes

As we take time to honor Veterans Day, we extend our deepest respect and gratitude to the brave men and women who have served our country in uniform. Veterans Day is more than a day of remembrance; it is a chance to reflect on the sacrifices made by those who have protected the freedoms we cherish and to recognize the resilience, dedication, and strength they embody. For us in the mortgage industry, this day holds special meaning. Many veterans and their families have sacrificed so much to ensure the security of others. It is our privilege and duty to provide…
Read More
08
Nov
By Todd Grey
Mortagage Tips, ,

How Mortgages Compare To Other Loans

Planning to buy a home, finance a car, or cover unexpected expenses? Many loan options exist to help you achieve your financial goals, but choosing the right one can be challenging. Here’s a breakdown of the most popular types of loans, their unique characteristics, and what you need to know to make the best choice for your financial future. Different Types of Loans There are several types of loans, each designed to meet different needs: Mortgages: Secured loans used for purchasing real estate. Mortgages typically come with lower interest rates and extended terms (15–30 years) because they use the property…
Read More
07
Nov
By Todd Grey
Home Mortgages, ,

What Are Your Options When Funding Your Down Payment?

Buying a home is a big milestone, and for many, saving for a down payment can feel like a major hurdle. Fortunately, there are several ways to make that down payment happen. Whether through savings, family gifts, 401(k) funds, or even second mortgages, understanding your options is key to making the best financial choice. Let’s break down each of these options so you can explore what works best for you. 1. Family Gifts for a Down Payment For many homebuyers, especially first-time buyers, gifted money from family members is a valuable resource. However, lenders have specific guidelines about gift funds,…
Read More
Skip to content