The Truth About Mortgage Blog
Welcome to a warm, friendly, and most importantly unbiased place to learn about mortgages, ideally before you make contact with a real estate agent or lender. The more you know, the better you’ll feel, and hopefully all that hard work will help you snag a lower mortgage rate too! View all mortgage help topics to get started or check out the latest mortgage tips and news below.
Latest Posts
Fannie Mae and Freddie Mac Mortgage Refinances Just Got More Expensive
Way to rain on our parade, Fannie Mae and Freddie Mac. Just when mortgage rates were hitting record lows, the pair decided to add a new fee to mortgage refinances in light of the ongoing pandemic. Simply put, they expect ... Read More »
How Low Will Mortgage Rates Go?
It seems that lately we reach a new all-time low for mortgage rates just about every week, which begs the question, how low can they go? Indeed, mortgage rates have hit record lows eight times so far in 2020, and ... Read More »
Do Mortgage Inquiries Affect Credit Score?
Mortgage Q&A: “Do mortgage inquiries affect credit score?” When preparing to take out a mortgage, you may have concerns about your credit report being pulled numerous times within a short period of time. This can occur while shopping for that ... Read More »
Prosperity Home Mortgage Review: A Berkshire Hathaway Backed Mortgage Lender
Prosperity Home Mortgage based out of Chantilly, Virginia originally got started in the Carolinas back in 2006. While that was probably the last good year for the mortgage industry before the Great Recession, the independent mortgage banker was able to ... Read More »
COVID-19 Is Pushing Home Buyers to Move Sooner
Sometimes you need a little push to get things going, especially when it’s a big something like purchasing a home. Well, it turns out a pandemic can be that driving force, as evidenced by a new survey from real estate ... Read More »
Home Prices Are the Most Affordable They’ve Been Since 2016
With real estate white-hot and property values continuing to skyrocket despite a worldwide pandemic, homes remain surprisingly affordable. At first glance, it’s kind of odd, both that home prices continue to rise amid a pandemic, and that they’re still quite ... Read More »
How About a 1% Mortgage Rate?
Well, maybe not exactly 1%, but in the 1% range? More specifically, starting with the number “1,” which on its own sounds too good to be true. It’s now a reality thanks to, you guessed it, United Wholesale Mortgage, who ... Read More »
Cornerstone Home Lending Review: Doing Mortgages Since the 1980s
While there are a lot of new faces and startups in the mortgage industry, few companies have stood the test of time, especially with the Great Recession rearing its ugly head in the early 2000s. But one mortgage company, Houston, ... Read More »
UWM’s Exact Rate Lets Borrowers Choose Exact Mortgage Rates
The mortgage industry can be a little bit old school. Similar to how the stock market used to operate in sixteenths, and later eighths, mortgage rates are mostly offered in eighths. Before 2001, the stock market only allowed price movements ... Read More »
Homespire Mortgage Review: Now Waiving Lender Fees for Healthcare Workers
Today we’ll learn more about Homespire Mortgage, which has made the Inc. 5000’s List of America’s Fastest-Growing Private Companies for the past three years in a row. They are a rapidly expanding direct-to-consumer mortgage lender based out of Gaithersburg, Maryland ... Read More »
