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! View all mortgage help topics to get started or check out the latest mortgage tips and news below.
Latest Posts
Amazon TurnKey: Get Free Stuff If You Use a Realogy Agent
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
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
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?
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 »
How to Get a Mortgage with a Low Credit Score
Mortgage Q&A: “How to get a mortgage with a low credit score.” If you’ve got a low credit score, but are determined to buy a home (or are looking to refinance your existing mortgage), you may be wondering how to ... Read More »
Homeowners with Year-Old Mortgages Are Refinancing Like Crazy
A new report from Black Knight revealed that prepayment activity (early payoff of a mortgage) has been surging thanks to the precipitous drop in mortgage rates. It has more than doubled in just the past four months alone, and is ... Read More »
How Soon Can I Refinance My Mortgage?
Mortgage Q&A: “How soon can I refinance my mortgage?” With mortgage rates marching toward new all-time lows again, a lot of recent home buyers are probably asking this question, even those who just closed on their mortgage weeks ago. After ... Read More »
Freddie Mac CHOICERenovation Mortgage Review
Freddie Mac has just launched a new renovation loan product known as the “Freddie Mac CHOICERenovation Mortgage.” While the name is a bit of a mouthful, the offering is expected to be more liberal than their existing plainly named Renovation ... Read More »
BoardRE Allows You to Go All Cash Even If You Need a Mortgage
A new startup by the name of “BoardRE” hopes to change the real estate game when it comes to all-cash home buyers and the rest of us. Even if you don’t have the necessary funds, you can still present yourself ... Read More »
A Startup Called ZeroDown Just Launched to Help Home Buyers Lease to Own
It’s starting to feel a little like 2006 again. Recently, we’ve seen mortgage lenders launching interest-only mortgages, 40-year mortgage terms, and now a company by the name of “ZeroDown” has launched in San Francisco. Before we worry that it’s the ... Read More »
