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 a Good Price for a First-Time Home Buyer?
Buying your first home can be pretty nerve-wracking. Regardless of what you pay, whether it seems like a little or a lot, there are going to be some sleepless nights early on. The first time I bought a place, I ... Read More »
Marriage and Mortgage May Not Mix
So you’re planning on getting married this summer, and you just have to find a perfect house to call your own before that magical day. Or very soon thereafter. There’s no possible way you could continue to live in an ... Read More »
The Cost of Property Taxes and Hazard Insurance
As home prices continue to flirt with record highs nationwide, the cost of property taxes and hazard insurance can be the tipping point. For example, if you purchase a one-million dollar home these days, you can expect to pay around ... Read More »
5/1 ARM vs. the 30-Year Fixed : Pros and Cons
Here we go again…it’s that special time where I compare two popular home loan programs to see how they stack up against each other. Today’s match-up: “5/1 ARM vs. 30-year fixed.” Everyone has heard of the 30-year fixed-rate mortgage – ... Read More »
How to Pay for Home Renovations: Pros and Cons to Different Methods
Most homes require work, even newer ones. And just about everyone knows that home renovation projects aren’t cheap. This is generally the case regardless of whether the job is a small one or a large one. It’s going to cost ... Read More »
15 Things to Do After Your Mortgage Funds
Getting a mortgage can be pretty exciting, especially if it’s your first time. It can also be a very daunting process fraught with the potential for errors and missteps. I’ve already discussed what to do before applying for a mortgage. ... Read More »
Chase Launches Free Biweekly Mortgage Payment Option
In an effort to make life a little easier for its mortgage customers, Chase has launched a new suite of “flexible automatic payments,” including a biweekly option. If you happen to have a home loan serviced by the banking giant, ... Read More »
What Is a Non-Conforming Mortgage Loan?
If you’ve been doing some mortgage shopping/research lately and happened to come across the phrase “non-conforming loan,” you might have some questions. At first glance, you probably understand that the loan in question doesn’t conform, but to what exactly? Well, ... Read More »
When Should You Start Looking for a House?
The short answer: Immediately. That is, if you want to buy a home at some point in the next year, or anytime thereafter. We’ll get into the specifics in a moment, but there’s really no sense in waiting if you ... Read More »
12 Home Selling Tips for 2019
While the recent stock market rout will undoubtedly make prospective home buyers feel a little bit poorer, lower gas prices and cheaper interest rates may have the complete opposite effect. Regardless of what happens to the economy, chances are that ... Read More »
