The Truth About Mortgage Blog

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

Latest Posts

Rounding Up Your Mortgage Payment: Does It Actually Work?

Rounding Up Your Mortgage Payment: Does It Actually Work?
September 3, 2020 No Comments »

There are all sorts of gimmicks, tips, and tricks out there to pay down the mortgage a little (or a lot) quicker. And one that sounds relatively painless is the simple rounding up of one’s mortgage payment. So if you ... Read More »

Cherry Creek Mortgage Review: FasTrac Your Loan Approval

Cherry Creek Mortgage Review: FasTrac Your Loan Approval
September 2, 2020 No Comments »

If you live in Colorado or surrounding states, there’s a good chance you’ve heard of Cherry Creek Mortgage Company. The retail mortgage lender is headquartered in Greenwood Village, Colorado, and does nearly half its total loan volume in the Centennial ... Read More »

Beware the New Mortgage Fee Fearmongering

Beware the New Mortgage Fee Fearmongering
September 1, 2020 No Comments »

You may have heard there’s a “new mortgage fee.” And you might have been told to hurry up and refinance NOW to avoid said fee. While there is some truth to that, it is by no means a reason to ... Read More »

CMG Financial Mortgage Review: Is Their All In One Loan for You?

CMG Financial Mortgage Review: Is Their All In One Loan for You?
August 26, 2020 No Comments »

CMG Financial isn’t new to the mortgage industry, having been around since 1993. That makes them a veritable veteran in the home loan space, as many of today’s top mortgage lenders have only been around since the 2000s. Of course, ... Read More »

When Do Mortgage Payments Start?

When Do Mortgage Payments Start?
August 26, 2020 No Comments »

A little bit of mortgage Q&A: “When do mortgage payments start?” New homeowners (and those refinancing a mortgage) often wonder when mortgage payments start, as there’s sometimes a considerable gap between loan closing and the due date of the first ... Read More »

U.S. Bank Mortgage Review: Is Their Smart Refinance a Wise Choice?

U.S. Bank Mortgage Review: Is Their Smart Refinance a Wise Choice?
August 24, 2020 No Comments »

While there are thousands of mortgage companies nationwide, only a select few land in the top 10. Today, we’ll examine U.S. Bank Mortgage, which ranked 9th in 2019 for total home loan origination volume. Being a very large depository institution, ... Read More »

Fannie Mae and Freddie Mac Mortgage Refinances Just Got More Expensive

Fannie Mae and Freddie Mac Mortgage Refinances Just Got More Expensive
August 13, 2020 No Comments »

Way to rain on our parade, Fannie Mae and Freddie Mac. Just when mortgage rates were hitting record lows, the pair decided to add a new fee to mortgage refinances in light of the ongoing pandemic. Simply put, they expect ... Read More »

How Low Will Mortgage Rates Go?

How Low Will Mortgage Rates Go?
August 12, 2020 No Comments »

It seems that lately we reach a new all-time low for mortgage rates just about every week, which begs the question, how low can they go? Indeed, mortgage rates have hit record lows eight times so far in 2020, and ... Read More »

Do Mortgage Inquiries Affect Credit Score?

Do Mortgage Inquiries Affect Credit Score?
August 10, 2020 2 Comments »

Mortgage Q&A: “Do mortgage inquiries affect credit score?” When preparing to take out a mortgage, you may have concerns about your credit report being pulled numerous times within a short period of time. This can occur while shopping for that ... Read More »

Prosperity Home Mortgage Review: A Berkshire Hathaway Backed Mortgage Lender

Prosperity Home Mortgage Review: A Berkshire Hathaway Backed Mortgage Lender
August 10, 2020 No Comments »

Prosperity Home Mortgage based out of Chantilly, Virginia originally got started in the Carolinas back in 2006. While that was probably the last good year for the mortgage industry before the Great Recession, the independent mortgage banker was able to ... Read More »