The Truth About Mortgage Blog

hello

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! View all mortgage help topics to get started or check out the latest mortgage tips and news below.

Latest Posts

FHA Approved Condos: Individual Units Now Eligible for Financing!

FHA Approved Condos: Individual Units Now Eligible for Financing!
August 15, 2019 No Comments »

People looking to buy a condo with FHA financing rejoice. HUD has released a new condominium approval process that, among other things, brings back spot approvals. The policy, which goes into effect on October 15th, 2019, is part of the ... Read More »

You Might Get a Better Deal If You Buy a House Where Kids Live

You Might Get a Better Deal If You Buy a House Where Kids Live
August 14, 2019 No Comments »

It’s common knowledge that home buyers are interested in purchasing properties in good school districts. After all, many individuals purchase homes because they either have kids, or plan to in the near future. Simply put, families and families-to-be need more ... Read More »

Mortgage Rates vs. the Stock Market

Mortgage Rates vs. the Stock Market
August 6, 2019 No Comments »

Mortgage match-ups: “Mortgage rates vs. the stock market.” With all the recent stock market volatility, you may be wondering what effect such events have on mortgage rates. Do mortgage rates go up if stocks go down and vice versa? Or ... Read More »

Wait, Home Buying Is the Cheapest It’s Been in 20 Years?

Wait, Home Buying Is the Cheapest It’s Been in 20 Years?
July 31, 2019 No Comments »

If you happen to be in the market to buy a home, you’re probably not giddy with delight over today’s sky-high listing prices. After all, home prices continue to inch higher and higher from their near-term lows seen about a ... Read More »

Why a Low Down Payment Mortgage Might Be the Safer Move

Why a Low Down Payment Mortgage Might Be the Safer Move
July 30, 2019 No Comments »

If you ask most people, they’ll probably say you should save up a good chunk of money before buying a home, possibly even 20% of the purchase price. A mortgage underwriter might share similar sentiment, even if their very own ... Read More »

One Quick Reason to Avoid the 30-Year Fixed

One Quick Reason to Avoid the 30-Year Fixed
July 25, 2019 No Comments »

Here’s a hint – a moving van. While the 30-year fixed is the most common home loan program utilized by borrowers today, it might not be the most economical. Aside from taking three decades to pay off your mortgage in ... Read More »

Amazon TurnKey: Get Free Stuff If You Use a Realogy Agent

Amazon TurnKey: Get Free Stuff If You Use a Realogy Agent
July 23, 2019 No Comments »

While they’re not yet directly involved in the mortgage industry, Amazon has now dipped its toes in the real estate pool via a new home buying program known as TurnKey. What is TurnKey you ask? Well, it’s essentially a link-up ... Read More »

37% of American Homeowners Are Now Free and Clear

37% of American Homeowners Are Now Free and Clear
July 18, 2019 No Comments »

What a difference a decade makes. Back in 2009, it was a lot more common to hear about underwater mortgages than free and clear homeowners. In fact, a Deutsche Bank analyst warned at the time that 48% of U.S. homeowners ... Read More »

15-Year Fixed vs. 30-Year Fixed: The Pros and Cons

15-Year Fixed vs. 30-Year Fixed: The Pros and Cons
July 17, 2019 No Comments »

It’s that time again, where I take a look at a pair of popular mortgage programs to determine which may better suit certain situations. Today’s match-up: “15-year fixed mortgage vs. 30-year fixed mortgage.” As always, there is no one-size-fits-all solution ... Read More »

Mortgage Down Payment Requirements: How Much Do I Need to Put Down?

Mortgage Down Payment Requirements: How Much Do I Need to Put Down?
July 15, 2019 No Comments »

If you’re in the market to buy a new home or condo, you’ve undoubtedly thought (or stressed) about the required down payment. It’s one of the biggest roadblocks to homeownership, and an obstacle that never seems to get any better ... Read More »