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

Latest Posts

Millennials Are Buying Homes to Give Their Dogs Room to Roam

Millennials Are Buying Homes to Give Their Dogs Room to Roam
October 5, 2017 No Comments »

Curious what’s driving Millennial homeownership? Is it marriage or the prospect of a little one crawling around? Nope. Aside from more living space and building equity, dogs are motivating young folks to buy homes. And as a dog lover myself, ... Read More »

Mortgage Originations by Product Type: What’s Most Popular?

Mortgage Originations by Product Type: What’s Most Popular?
October 4, 2017 2 Comments »

Ever wonder what share of borrowers are taking out a 15-year mortgage as opposed to a standard 30-year fixed? Or an ARM instead? Well, I was, and so I went looking for the data. Fortunately, I was able to track ... Read More »

Synovus Mortgage Offering 100% Financing via Affordable Mortgage Program

Synovus Mortgage Offering 100% Financing via Affordable Mortgage Program
October 2, 2017 No Comments »

You’ve probably heard of HAMP, otherwise known as the Home Affordable Modification Program, which was very popular post-housing crisis. But what about AMP? Probably not. It stands for “Affordable Mortgage Program,” and is the loan program offered by Synovus Mortgage ... Read More »

HomeFundMe: Now You Can Crowdfund a Mortgage Down Payment

HomeFundMe: Now You Can Crowdfund a Mortgage Down Payment
October 2, 2017 No Comments »

Don’t have the required down payment to purchase your dream home? No problem. There’s now a service that lets you crowdfund your mortgage down payment. Whew! A company by the name of HomeFundMe, not to be confused with GoFundMe, claims ... Read More »

Average Credit Score for Home Buyers Rises to 745

Average Credit Score for Home Buyers Rises to 745
September 28, 2017 No Comments »

You’ve heard it time and time again, that a solid credit score is vital to securing a good mortgage rate, or any mortgage at all. And it appears that this sage advice is becoming even more relevant today. Average Credit ... Read More »

Lennar Offers to Pay Your Student Loans If You Buy a New Home

Lennar Offers to Pay Your Student Loans If You Buy a New Home
September 26, 2017 1 Comment »

One of the more common problems young home buyers face these days is student loan debt, which can complicate a mortgage approval (and a successful home purchase). Lenders are well aware of this, as are home builders and the GSEs ... Read More »

Next Year the Mortgage Refinance Share Will Hit Its Lowest Point Since 1990

Next Year the Mortgage Refinance Share Will Hit Its Lowest Point Since 1990
September 26, 2017 No Comments »

If you trust in Freddie Mac, next year isn’t going to be a great year for mortgage refinance volume. The government-sponsored enterprise warned of a major refinance slowdown in its latest monthly Outlook for September 2017. Apparently, the refinance share ... Read More »

A 30-Year Fixed Mortgage That Is Adjustable, Self-Refinancing, and Ideally Paid Off Early

A 30-Year Fixed Mortgage That Is Adjustable, Self-Refinancing, and Ideally Paid Off Early
September 20, 2017 No Comments »

Confused yet? Yeah, me too. Let’s dive in. For a while now, the 30-year fixed-rate mortgage has been under attack. In short, opponents of the popular loan program argue that it builds equity far too slowly and requires government support ... Read More »

Why You May Want to Apply for a Mortgage When Things Are Slow

Why You May Want to Apply for a Mortgage When Things Are Slow
September 14, 2017 1 Comment »

A new working paper from the National Bureau of Economic Research reveals that it might be best to apply for a mortgage when no one else is. The analysis, “The Time-Varying Price of Financial Intermediation in the Mortgage Market” (if ... Read More »

23% of Recent Purchase Mortgages Required a Co-Borrower

23% of Recent Purchase Mortgages Required a Co-Borrower
September 7, 2017 No Comments »

It appears home prices are rising too much, too fast, if the latest report from ATTOM Data Solutions is any indication. The company noted that 22.8% of single-family home purchase loans originated in the second quarter of 2017 included a ... Read More »