What if the low mortgage rate you’ve been holding onto is actually costing you money every month?

In this Tech Tuesday, we sat down with Paul Fitts of Advantage Lending, a Raleigh based mortgage lender with 27 years in the business and a former local restaurant owner. We talked about what Paul calls creating affordability: practical ways small business owners and homeowners can free up cash and find some breathing room when times feel tight.

A major theme of the conversation was taking the trophy off the shelf. Many people locked in 2% or 3% mortgage rates a few years ago and are reluctant to let them go. But as debt and everyday expenses have grown, using the equity in your home to consolidate that debt could save you thousands each month.

We also busted the 20% down myth. Putting every dollar toward a down payment isn’t always the smartest move, and paying off high-interest debt can often do far more for your monthly budget.

The conversation also touched on why Paul sees Raleigh as a “bond market,” with slow, steady growth rather than booms and busts. Paul also shared lessons from his own restaurant days on saving early, managing rising costs, and being ready for hard times.

Thanks to Paul for joining us, and there is so much to dive into we don’t want to give it all away! 

Missed it? No worries!

Check out the link to watch this month’s session.