The Truth About Mortgage Blog

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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

What Is Verification of Employment for a Mortgage?

What Is Verification of Employment for a Mortgage?
October 31, 2018 No Comments »

When you apply for a mortgage, underwriters will comb through your finances to determine if you’re a good candidate for a loan. This includes verifying a lot of personal information, including your income, assets, credit history, and employment. Without these ... Read More »

Wells Fargo the Top Mortgage Lender in 2017, Quicken Tops for Number of Loans

Wells Fargo the Top Mortgage Lender in 2017, Quicken Tops for Number of Loans
October 30, 2018 No Comments »

Despite closing a higher number of mortgage loans last year, Quicken was unable to wrestle the coveted top spot away from Wells Fargo, per HMDA data parsed by iEmergent. During 2017, the under-fire San Francisco-based bank managed to fund $93 ... Read More »

See How Home Purchasing Power Is Eroding Thanks to Higher Rates and Prices

See How Home Purchasing Power Is Eroding Thanks to Higher Rates and Prices
October 24, 2018 No Comments »

It’s no secret that residential real estate is expensive right now, at least relative to where it stood just a few short years ago. Home prices have moved higher and higher for about five straight years since bottoming out post-Great ... Read More »

Purchase Mortgages Expected to Increase Next Year Despite Higher Interest Rates, Pessimism

Purchase Mortgages Expected to Increase Next Year Despite Higher Interest Rates, Pessimism
October 16, 2018 No Comments »

There’s been a lot of negativity regarding the housing market lately, some that I feel reflects the usual seasonal slowdown more than anything else. Yes, listing prices often fall in autumn because there are typically more homes on the market ... Read More »

Sell Your House or Rent It Out?

Sell Your House or Rent It Out?
October 15, 2018 No Comments »

If you already own some real estate, perhaps a house or a condo, and are looking to move on, you might ask yourself if it’s better to sell it or rent it out. This is an especially pertinent question when ... Read More »

10 Ways to Save Money on Your Next Mortgage

10 Ways to Save Money on Your Next Mortgage
October 10, 2018 No Comments »

You’ve heard the news – mortgage rates surpassed 5% and don’t appear to be coming back down anytime soon. While that’s up for debate, the trend is clearly not your friend when it comes to securing a low interest rate ... Read More »

Allow Me to Introduce You to the 5% Mortgage Rate

Allow Me to Introduce You to the 5% Mortgage Rate
October 3, 2018 1 Comment »

For those new to the mortgage realm, the number five might feel a little foreign. You see, for the past seven years or even longer, the popular 30-year fixed mortgage has always been in the 3-4% range. Today though, mortgage ... Read More »

How to Get Cash Out of Your Home in a Rising Rate Environment

How to Get Cash Out of Your Home in a Rising Rate Environment
September 27, 2018 No Comments »

In a perfect world, you could tap into your home equity and lower your mortgage interest rate at the same time. But because interest rates rise and fall over time, this simply won’t always be the case for homeowners in ... Read More »

Redfin Launches the Owner Estimate to Give Homeowners Control

Redfin Launches the Owner Estimate to Give Homeowners Control
September 26, 2018 No Comments »

Are you sick and tired of your Redfin Estimate or Zillow Zestimate being too low? Do you feel your property is worth much, much more than they say it is? Well, I’ve got great news for you! Redfin has introduced ... Read More »

The Largest Nonbank Home Purchase Lender in the Nation Is a Wholesaler

The Largest Nonbank Home Purchase Lender in the Nation Is a Wholesaler
September 11, 2018 No Comments »

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 »