The Truth About Mortgage Blog

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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

Mortgage Rates vs. the Coronavirus: We Might Test New All-Time Lows

Mortgage Rates vs. the Coronavirus: We Might Test New All-Time Lows
February 24, 2020 No Comments »

Mortgage rates can be pretty volatile. Just like stocks, they can change daily depending on what’s happening in the economy. Beyond that, mortgage rates can move based on news that doesn’t involve a report on the economic calendar, such as ... Read More »

Mortgage Delinquencies Have Fallen to the Lowest Level on Record

Mortgage Delinquencies Have Fallen to the Lowest Level on Record
February 20, 2020 No Comments »

What a difference a decade makes, at least when it comes to paying the mortgage on time. A new report from Black Knight revealed that mortgage delinquencies fell more than 5% in January to reach their lowest point since 2000, ... Read More »

Quontic Bank Launches No Doc Streamline Mortgage Refinance

Quontic Bank Launches No Doc Streamline Mortgage Refinance
February 19, 2020 No Comments »

Quontic Bank, which bills itself as an “adaptive digital bank,” has launched what they refer to as a “first of its kind” no doc home loan with loan amounts as high as $3 million. The non-Qualified Mortgage (non-QM), which is ... Read More »

Quicken Loans’ One Reverse Mortgage to Pause Operations

Quicken Loans’ One Reverse Mortgage to Pause Operations
February 18, 2020 No Comments »

One Reverse Mortgage, a Quicken Loans company, is reportedly pausing operations, according to a statement delivered to Reverse Mortgage Daily. While it’s unclear what the word “pause” means at this time, RMD also noted that the lender doesn’t expect to ... Read More »

Mortgage Due Dates 101

Mortgage Due Dates 101
February 18, 2020 56 Comments »

If you recently took out a mortgage, or have been thinking about purchasing real estate, you may be wondering when your mortgage payments will be due each month, among other things (like how late Ikea is open). Well, mortgage payments ... Read More »

loanDepot Mortgage Review: Digital Process Helps You Close 17 Days Faster

loanDepot Mortgage Review: Digital Process Helps You Close 17 Days Faster
February 13, 2020 No Comments »

One of the largest nonbank mortgage lenders in the country is loanDepot, typically landing on the top-10 list overall year after year. In fact, they’ve even cracked the top five in some years as well, so they’re certainly a big ... Read More »

More Than a Quarter of Millennial Homeowners Want to Go Back to Renting

More Than a Quarter of Millennial Homeowners Want to Go Back to Renting
February 13, 2020 No Comments »

I guess homeownership isn’t for everyone, at least if you consider a new study from LendingTree. When respondents were asked if they would “ever go back to renting,” some 28% of Millennials said yes. Even worse, 10% said they’d go ... Read More »

AmeriSave Mortgage Review: Pioneer of the Digital Mortgage?

AmeriSave Mortgage Review: Pioneer of the Digital Mortgage?
February 12, 2020 No Comments »

While perhaps not a household name, there’s a good chance you’ll stumble upon AmeriSave if actively shopping your home loan. They have quite a presence online and are a top-rated lender with LendingTree, despite a lack of physical branches and ... Read More »

A Fast Mortgage Isn’t Necessarily the Best Mortgage

A Fast Mortgage Isn’t Necessarily the Best Mortgage
February 11, 2020 No Comments »

These days, all the mortgage advertisements I see promote speed. Get your loan fast. Get it with the push of a button. Get approved in minutes, close in a week! Hello Figure and Rocket Mortgage, and basically every other fintech ... Read More »

HomeLight Cash Close: Make All-Cash Offers and Trade-In Your Old Home for a New One

HomeLight Cash Close:  Make All-Cash Offers and Trade-In Your Old Home for a New One
February 10, 2020 No Comments »

Real estate agent matchmaker HomeLight has launched two new programs for homeowners in California that make it easier to buy and sell by leveraging the power of cash. The new initiative, known as “HomeLight’s Cash Close program,” includes HomeLight Trade-In ... Read More »