If you’re thinking about purchasing a home or refinancing, chances are you’ve got a ton of information flying at you. And with that, you probably have many questions, like: What’s the current mortgage rate? What type of loan is the best deal for me? What exactly do I need to know about Fannie Mae and Freddie Mac? Does the Fed actually have an impact on rates? And the list goes on. Trying to keep up with the ever-evolving mortgage market can be a job, literally. Surprisingly, people tend to have more opportunities than they realize. In a new episode of A Place of Possibility, Richard and Angela are joined by Senior Loan Officer, Erin Ekstrum, of Wymac Capital, Inc.  

With over 20 years of experience, it’s safe to say Erin has seen it all, and we’re excited to have her discuss the ins and outs of mortgages, along with some tips on how to better leverage a mortgage. In this episode we will cover:  

  • The different types of loans 
  • New loan limits for 2022
  • Pre-approval insights for first-time buyers 
  • The current state of the mortgage and home buying markets  
  • Why you should really take advantage of the current low rates NOW

And more!  

Our goal is to help you get closer to mortgages, the market, and the processes that go along with this financial tool. We want to help you protect and make the most of your greatest real estate assets. So, we invite you to download a copy of our guide below, find a cozy spot, and press play. 

P.S. Looking to meet with Richard or Angela at our office in Alamo, CA? Want to discuss more of what you heard in this episode? Wondering where the heck you need to get started or what all of this means for your retirement plans? Schedule a free 30-minute session and find the peace of mind you deserve for the rest of your life. You can also reach us by calling 925.736.6410 or sending an email to Info@APlaceOfPossibility.com.

“If you don't really go through the step of pulling your credit (for pre-approval), forget everything else. You're shooting yourself in the foot. You won’t know what's going to happen when it's time to actually get a loan.”

We’re proud to present you with our “Know Your Possibilities Checklist,” a tool and free resource for you to take notes, review, keep on hand, or even share with your friends and family. So grab your copy, click the play button, and follow along. You’re just minutes away from discovering your next Place of Possibility.

A Glance at this Episode:

2:00 – Richard and Angela share some coveted tips on opportunities in I Bonds that are worth their weight in money. Press play!

6:25 – Let’s start by defining the different types of loans out there. First up is conforming loans.

9:29 – Great news about conforming loans! Listen in as Erin shares insights on how little you can put down on these loans

11:58 – Start listening now as Erin shares insights on how she advises her clients when determining how much they can afford.

15:00 – What does “pre-approval” really mean?

16:45 – Listen as Erin shares some insights on the current state of the mortgage market.

19:16 – How much impact does the Fed have on mortgage interest rates? Start listening now as Erin answers this commonly asked question.

20:16 – Want to get an idea of where the mortgage rates are? Hint, you’ll never get a direct answer. You’ll only be following trends.

21:28 – Confused about what “paying your rate down” really means? Erin has answers!

23:11 – How do you decide what type of loan to get, whether you’re getting a good deal, or if it makes sense to refinance?

27:49 – Press play to hear Erin talk about the nifty service at Wymac Capital called Rate Analyzer.

31;09 – If someone is inquiring about paying off their mortgage, here are some things to consider.


Rate, Review, and Follow Us!

“I LOVE Richard, Angela, and A Place of Possibility Podcast!” Sounds like you? Then we hope you will consider rating and reviewing the show. Your support will help us expand possibilities and opportunities to more individuals and families out there like you who want to keep, grow, and enjoy their wealth. So follow this link, scroll down, and then click to select five stars and write a review. This show is all about YOU so tell us what you love and want to hear more of!

Haven’t subscribed to the podcast yet? What are you waiting for? Your financial wellness depends on it! Okay, that might be a little dramatic, but we don’t want you to miss a minute of our insights or all of the freebies coming your way. Subscribe Now!


Get in touch with Erin!

Erin Ekstrum

Senior Loan Officer

  • California Department of Real Estate license 01337900
  • Nationwide Mortgage Licensing System 273907
  • All loans are provided through third parties

Cell: 925.766.1352

Email: Erin@Wymac.com



Links/Resources Mentioned in this Episode:

Calling all neighbors in the Alamo, CA area and beyond! You work hard for your money, and now we want to help make it work for you. At Del Monte Group, we offer out-of-the-box wealth management planning that is clear and actionable at every step. If this sounds like the type of financial support you need, schedule an appointment to meet with Richard or Angela today. Visit APlaceOfPossibility.com/Calendar to get your meeting on the books. Need more help or have another question? Feel free to contact our team by calling 925.736.6410 or sending an email to Info@APlaceOfPossibility.com.

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