The Truth About Mortgage Blog

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A warm and friendly (and most importantly objective) place to learn about mortgages, ideally before you make contact with a bank 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

Buy a House for Less than Your New Hybrid

January 18, 2007 No Comments »

As the mortgage industry shudders, and real estate goes cold, lenders continue to release exotic mortgage programs to further entice borrowers to purchase homes and refinance existing loans. The latest mortgage program of interest (no pun intended) comes in the ... Read More »

Hello Option Arm Lawsuits

January 15, 2007 No Comments »

You guessed it. The option arm that was so highly publicized and criticized has become a favorite for lawyers nationwide. Instead of condemning the program, lawyers are now trying to seek compensation for “damages” as a result of these misleading ... Read More »

Rent Before Applying for a Mortgage

Rent Before Applying for a Mortgage
January 15, 2007 No Comments »

While it’s common for young, prospective homeowners to stay at home to save money for their down payment and future mortgage payments, banks and lenders consistently decline applicants without adequate rental history. Though it makes perfect sense to live at ... Read More »

Lenders Limiting Exotic Mortgage Programs

January 9, 2007 No Comments »

No more than a year ago, banks and mortgage lenders throughout the United States were battling one another to provide the most generous financing available, whether it came in the form of a super low payment on a negative amortization ... Read More »

Sell or Refinance, But Don’t Try Both

December 9, 2006 No Comments »

As home prices begin to fall, but still remain at near all-time highs, many homeowners are listing their properties to see if they can lock in some of the profit they’ve realized in the last few years. But the problem ... Read More »

Marriage and Mortgage Don’t Mix

Marriage and Mortgage Don’t Mix
December 4, 2006 No Comments »

So you’re planning on getting married next summer, and you just need to find a perfect house before that magical day. There’s no possible way you could continue to live in an apartment or simply rent once you’re married! That ... Read More »

California Housing Market Still Strong

November 22, 2006 No Comments »

While many cities throughout the United States deal with bubble trouble, California has managed to hang onto a good chunk of its housing gains from the last few years, with year-to-year gains in many of the largest markets. Many high-growth ... Read More »

Option ARM Loans Still Most Touted Mortgage Program

November 20, 2006 No Comments »

After considerable negative press, the option-arm, or pick-a-pay loan continues to be the most touted by mortgage companies, mortgage brokers, and loan officers. Despite the fact these types of loans have been highly scrutinized for their dangerous tendencies, the trend ... Read More »

Southern California Homeowners Still Seeing Green

November 9, 2006 No Comments »

Well, the housing market may have burst, but the years of upside in the Southern California housing market have provided enough strength to keep home sellers happy, even at today’s ridiculous prices. So happy in fact, that the average homeowner ... Read More »

Stubborn Sellers, Patient Buyers Rule the Market

November 5, 2006 No Comments »

You’d think everyone would be trying to sell their home after the big profits they made in the past few years. Well, they are selling, but no one is buying. Mainly because sellers aren’t willing to part with their beloved ... Read More »