The Truth About Mortgage Blog
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
What Is Home Equity?
Mortgage Q&A: “What is home equity?” You’ve probably heard the phrase “home equity” thrown around, likely during a fast-paced radio or TV commercial urging you to pull the equity out of your home. So what the heck is it, and ... Read More »
Young Homeowners Are Having More Mortgage Regrets
While homeowners of all ages are mostly happy they purchased a property, younger borrowers seem to be regretting their mortgages more than the rest of the population. Per the semiannual survey titled, “Zillow Housing Aspirations Report,” Millennial and Generation Z ... Read More »
What Mortgage Has the Best Interest Rate?
Here’s an interesting question: “What mortgage has the best interest rate?” Before we dive in, “best” questions are always a bit difficult to answer universally because what’s best to one person could be the worst for another. Or at least ... Read More »
Why You Should Live in Your Home Until It Sells
A new study from Redfin proved what we probably all assumed was the case; vacant homes sell for less than those filled with stuff. There’s something slightly unappetizing about a vacant home, whether it’s the emptiness of it all, or ... Read More »
What Mortgage Term Is Best?
Mortgage Q&A: “What mortgage term is best?” Before you set out to snag the lowest rate on your purchase mortgage or mortgage refinance, you’ll need to decide on (or at least narrow down) a mortgage term. I’m referring to the ... Read More »
Redfin Direct: Buy a Redfin-Listed Home Without a Real Estate Agent
First Redfin brought us the 1% listing fee, which disrupted the traditional 2.5% to 3% listing agents charge(d) to sell a home. But that still meant the home seller was on the hook for 3.5% or so if they elected ... Read More »
What Credit Score Do I Need to Get a Mortgage?
Mortgage Q&A: “What credit score do I need to get a mortgage?” If you’re thinking about purchasing a new home or refinancing an existing mortgage, you should know that your credit score is going to be a big factor. In ... Read More »
Why You Might Want to Skip the Starter Home
Some 45 million Americans are expected to reach the typical first-time home buyer age in the next decade, which is a fresh 34 years old. This is 7.4% more than the 41.8 million individuals currently aged 35-44, per a new ... Read More »
Study: Open Houses Result in Faster, More Expensive Home Sales
Aside from tracking mud through your beautiful home, it turns out open houses actually lead to higher sales prices and less time on market, per a new analysis from Redfin. The real estate brokerage, which studied 2018 for-sale listings, noted ... Read More »
Do Mortgage Rates Change Daily?
It’s that time again folks, where I answer your burning mortgage questions. The latest mortgage Q&A: “Do mortgage rates change daily?” Mortgage rates are hot news right now, what with them hovering around all-time lows yet again but beginning to ... Read More »
