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

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 »

A Little Lesson About Loan Officers

October 10, 2006 No Comments »

Over the past five years the mortgage industry has seen an explosion in growth. With super-low mortgage rates and a vast array of loan programs available, new purchases and mortgage refinances surged. And along with that boom came an influx ... Read More »

Pick-a-Default-or-a-Foreclosure-Pay Mortgage

October 7, 2006 No Comments »

Let’s take a moment to talk about pick-a-pay mortgages, otherwise known as negative amortization loans, which have surged in popularity in the last five years – so much so that they’ve been highly featured, and in turn scrutinized, from USA ... Read More »

Slow Housing Market, Great Interest Rates?

September 29, 2006 No Comments »

Housing starts dropped to a three year low last month, and for the first time in 11 years housing prices have dropped. This is based on a median price comparison from year to year data from August 2005 and August ... Read More »

Feds Pause Rates, But is it Enough to Save Mortgage?

September 22, 2006 No Comments »

Fed Chairman Ben Bernanke left the federal funds rate unchanged Wednesday, steady at 5.25%. It’s the second month in a row that the fed decided to leaves rates as they are, and many feel this could be the end of ... Read More »

Mortgage is Dead

September 13, 2006 No Comments »

The mortgage industry is dead. Either that, or people haven’t come back from their Labor Day holiday yet. Or maybe it’s the fact that school is starting up again and people have other things on their mind. Either way, I ... Read More »

Bad Credit OK!

August 23, 2006 No Comments »

Have you ever seen those mortgage ads that offer great mortgage rates and monthly mortgage payments, and even go as far as to say “Bad Credit OK!”? I just saw one and got the urge to write about it. I’m ... Read More »

The Great Mortgage Recovery?

August 19, 2006 No Comments »

It seems like the market is starting to pick up again. Mortgage rates have improved tremendously, and are now in the low 6%’s for a 30 yr fixed-rate mortgage. It’s really not too far off from a year ago, so ... Read More »