The Truth About Mortgage Blog
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
Mortgage Lenders Now Providing Payment Relief Due to Coronavirus
HUD has announced a foreclosure and eviction moratorium for single family homeowners with FHA-insured mortgages for the next 60 days Fannie Mae has suspended foreclosure sales and borrower evictions for 60 days Freddie Mac has announced the suspension of foreclosure ... Read More »
RedfinNow Temporarily Halts Offers as Housing Market Takes Turn for the Worse
We’re now getting our first indication of how the coronavirus may affect the once booming housing market, thanks to a blog post from Redfin boss Glenn Kelman. It’s not good news, as indicated by the title of this post. RedfinNow ... Read More »
Is Now the Time to Pull Cash Out of Your Home and Buy Stocks?
There’s been lots of chatter around Wall Street that this could be an unprecedented time to buy stocks on the cheap, given the market carnage related to the coronavirus. One asset manager, Ricky Sandler of Eminence Capital, has even gone ... Read More »
Landed: Helping Educators Buy Homes in the Expensive Areas They Serve
There are tons of mortgage lenders out there, certainly too many to count, but Landed Home Loans is a little more unique than the rest. You see, their goal isn’t just to help Americans get a home loan. Their mission ... Read More »
Now More Than Ever You Need to Compare Mortgage Rates
The last two weeks have been crazy in the mortgage world. In early March, the industry celebrated as mortgage rates hit record lows. Per Freddie Mac’s weekly survey, the 30-year fixed fell to 3.29%, its lowest point since tracking began ... Read More »
No, You Aren’t Getting a 0% Mortgage Rate
At least not yet… As you probably know, the Fed slashed the federal funds rate to near-zero yesterday afternoon to prop up the economy as it contends with the growing coronavirus pandemic. If you read the headlines, you might falsely ... Read More »
The Federal Reserve Has Swooped In to Save Mortgage Rates
In light of the ongoing coronavirus outbreak, which were the Federal Reserve’s very own words, the Committee took bold action to lower the target range for the federal funds rate to 0% to 0.25%. That’s a full percentage point lower ... Read More »
CrossCountry Mortgage Review: Licensed Nationwide
Today we’ll do an in-depth review of CrossCountry Mortgage, which as the name implies, is a nationally-licensed mortgage lender that offers its home loan services in all 50 states and the District of Columbia. Given their name, it’s a good ... Read More »
So Much for the Record Low Mortgage Rates
What Happened to Mortgage Rates? They hit a record low of around 3% last week Then quickly reversed course over the past two days Now 30-year fixed mortgage rates are pricing closer to 3.5% Because lenders are too busy to ... Read More »
Lenox Financial / WesLend Mortgage Review: The Biggest No-Brainer?
Today we’ll take a look at Southern California-based Lenox Financial Mortgage Corp., which also does business as WesLend Financial. First things first, be sure not to confuse them with Atlanta, GA-based Lenox Financial, whose famous radio pitch is/was, “the biggest ... Read More »
