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

Latest Posts

Wait, Home Buying Is the Cheapest It’s Been in 20 Years?

Wait, Home Buying Is the Cheapest It’s Been in 20 Years?
July 31, 2019 No Comments »

If you happen to be in the market to buy a home, you’re probably not giddy with delight over today’s sky-high listing prices. After all, home prices continue to inch higher and higher from their near-term lows seen about a ... Read More »

Why a Low Down Payment Mortgage Might Be the Safer Move

Why a Low Down Payment Mortgage Might Be the Safer Move
July 30, 2019 No Comments »

If you ask most people, they’ll probably say you should save up a good chunk of money before buying a home, possibly even 20% of the purchase price. A mortgage underwriter might share similar sentiment, even if their very own ... Read More »

One Quick Reason to Avoid the 30-Year Fixed

One Quick Reason to Avoid the 30-Year Fixed
July 25, 2019 No Comments »

Here’s a hint – a moving van. While the 30-year fixed is the most common home loan program utilized by borrowers today, it might not be the most economical. Aside from taking three decades to pay off your mortgage in ... Read More »

Amazon TurnKey: Get Free Stuff If You Use a Realogy Agent

Amazon TurnKey: Get Free Stuff If You Use a Realogy Agent
July 23, 2019 No Comments »

While they’re not yet directly involved in the mortgage industry, Amazon has now dipped its toes in the real estate pool via a new home buying program known as TurnKey. What is TurnKey you ask? Well, it’s essentially a link-up ... Read More »

37% of American Homeowners Are Now Free and Clear

37% of American Homeowners Are Now Free and Clear
July 18, 2019 No Comments »

What a difference a decade makes. Back in 2009, it was a lot more common to hear about underwater mortgages than free and clear homeowners. In fact, a Deutsche Bank analyst warned at the time that 48% of U.S. homeowners ... Read More »

15-Year Fixed vs. 30-Year Fixed: The Pros and Cons

15-Year Fixed vs. 30-Year Fixed: The Pros and Cons
July 17, 2019 No Comments »

It’s that time again, where I take a look at a pair of popular mortgage programs to determine which may better suit certain situations. Today’s match-up: “15-year fixed mortgage vs. 30-year fixed mortgage.” As always, there is no one-size-fits-all solution ... Read More »

Mortgage Down Payment Requirements: How Much Do I Need to Put Down?

Mortgage Down Payment Requirements: How Much Do I Need to Put Down?
July 15, 2019 No Comments »

If you’re in the market to buy a new home or condo, you’ve undoubtedly thought (or stressed) about the required down payment. It’s one of the biggest roadblocks to homeownership, and an obstacle that never seems to get any better ... Read More »

How to Get a Mortgage with a Low Credit Score

How to Get a Mortgage with a Low Credit Score
July 8, 2019 No Comments »

Mortgage Q&A: “How to get a mortgage with a low credit score.” If you’ve got a low credit score, but are determined to buy a home (or are looking to refinance your existing mortgage), you may be wondering how to ... Read More »

Homeowners with Year-Old Mortgages Are Refinancing Like Crazy

Homeowners with Year-Old Mortgages Are Refinancing Like Crazy
July 2, 2019 No Comments »

A new report from Black Knight revealed that prepayment activity (early payoff of a mortgage) has been surging thanks to the precipitous drop in mortgage rates. It has more than doubled in just the past four months alone, and is ... Read More »

How Soon Can I Refinance My Mortgage?

How Soon Can I Refinance My Mortgage?
June 27, 2019 No Comments »

Mortgage Q&A: “How soon can I refinance my mortgage?” With mortgage rates marching toward new all-time lows again, a lot of recent home buyers are probably asking this question, even those who just closed on their mortgage weeks ago. After ... Read More »