The Truth About Mortgage Blog
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! So what are you waiting for? Let's go! See all mortgage help topics to get started.
Latest Posts
The Largest Nonbank Home Purchase Lender in the Nation Is a Wholesaler
Everyone wants to be #1 these days. I guess that’s no different than any other days, but the battle to be on top is growing more and more contentious, especially as overall home loan volume wanes. Rather surprisingly, a nonbank ... Read More »
Quicken Launches Rocket Homes to Compete with Zillow and Redfin
Following the recent trend of real estate and mortgage link-ups, Quicken has launched “Rocket Homes” to fill in the real estate gap and simultaneously compete with the likes of Zillow and Redfin. The company actually isn’t new, but is a ... Read More »
Believing It’s a Seller’s Market Makes It a Seller’s Market
There’s been a lot of talk lately about a shift from seller’s market to buyer’s market, what with home price gains beginning to moderate somewhat and mortgage interest rates on the rise. But it seems this has been more speculation ... Read More »
Borrowers Don’t Choose Mortgage Lenders for the Best Interest Rate
Conventional wisdom would lead us to believe that consumers go with the mortgage lender that offers the lowest interest rate. This appears to not be the case… In fact, it’s the least common reason why a borrower selects a particular ... Read More »
5 Things Home Buyers Are Doing If They Haven’t Found a Property After 3 Months
If you’re a prospective home buyer, life isn’t fun right now. The real estate market remains red hot (despite those headlines about it cooling) and quality properties are few and far between. Adding to this frustration is the notion that ... Read More »
Zillow Enters the Mortgage Originating Business
In what seemed like a pretty inevitable move, Zillow has gotten into the mortgage originating business via its acquisition of Mortgage Lenders of America, which is expected to close in the fourth quarter of 2018. I say inevitable because just ... Read More »
Don’t Make the Mistake of Calling the Housing Top Too Early
It’s that time of year again, when we enter the housing doldrums and everyone in the industry begins to panic. Further exacerbating things this time around is the fact that mortgage interest rates are in uncharted territory. Yes, I’m being ... Read More »
Getting a Mortgage with a Gig Economy Job
If you’re one of many people out there who happens to bring in money from a so-called “gig economy” job, you might be wondering if such income can be used to obtain a home loan. Most mortgage lenders will verify ... Read More »
Redfin Compete Score: How Hard Is It to Win That Home?
Redfin just launched its so-called “Compete Score,” a tool designed to help prospective home buyers determine how hard it’ll be to “win a home” in a particular city or neighborhood. Is this the beginning of the end? The late stages ... Read More »
One Really Simple Way to Offset a Higher Mortgage Rate
We all know mortgage interest rates are increasing. While they’ve seen periods of relief here and there, the trajectory seems to be decidedly higher. How much higher remains to be seen, but there’s a good chance the rate you receive ... Read More »
