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
You Can Now Request COVID-Related Mortgage Forbearance for Up to 18 Months
Some good news for homeowners struggling to make ends meet thanks to COVID-19, which as the name implies has been going on for a while now. The Federal Housing Finance Agency (FHFA), which oversees Fannie Mae and Freddie Mac, has ... Read More »
Residential Mortgage Services Review: A Home Purchase-Focused Lender in the Northeast
Today we’ll check out “Residential Mortgage Services Inc.,” or RMS for short, which refers to itself as a leading independent purchase-focused mortgage lender. The retail direct-to-consumer mortgage lender primarily serves the Northeast, Mid-Atlantic and Eastern Seaboard markets. RMS said purchase ... Read More »
InterFirst Mortgage Review: A Private Equity-Backed Lender Looking to Grow
Today we’ll examine “InterFirst Mortgage,” which bills itself as a private equity-backed mortgage originator that is motivated to grow. Their game plan is to acquire consumer-direct call centers and “strategically located licensed conforming/government wholesale mortgage operations” throughout the United States ... Read More »
Real Estate Is Red Hot Because Mortgage Payments Are Still Cheap
If you’re scratching your head wondering why home prices continue to go up and up, consider the fact that it’s actually cheaper now than it was a year ago. It’s also less expensive to own a home today than it ... Read More »
The CEO of a Tech-Enabled Loan Servicer Believes We Might Be on the Cusp of Another Foreclosure Crisis
The co-founder and CEO of a so-called “tech-enabled residential mortgage servicer” named Valon (formerly Peach Street) has warned we could be on the brink of another foreclosure crisis. While real estate is flying high at the moment, it’s appears that ... Read More »
Triumph Lending Review: A Near Perfect 5-Star Rated Lender
One of the highest-rated mortgage companies on LendingTree goes by the name “Triumph Lending,” which is a division of its larger parent company Network Funding, LP. The Texas-based direct lender boasts an incredible 5-star rating out of 5 from more ... Read More »
These Are the Top Reasons Home Buyers Haven’t Been Successful Lately
In case you haven’t been paying attention, the housing market is en fuego. This is actually nothing new. It’s been pretty red hot for years now, and home prices have risen consistently for about a decade since they bottomed around ... Read More »
Legacy Home Loans Review: The Nation’s Largest Black-Owned Mortgage Company
Today we’ll take a look at “Legacy Home Loans,” a mortgage lender whose purpose is to increase homeownership rates for African American communities across America. They recently noted that Black homeownership is at an all-time low of 46% (per U.S. ... Read More »
12 Home Selling Tips for 2021
While the recent stock market boom, coupled with near-record low mortgage rates will undoubtedly make prospective home buyers feel richer, lofty asking prices may have the complete opposite effect. Regardless of what happens to the economy this year, chances are ... Read More »
The Top 15 Refinance Questions Answered
With mortgage rates at or near all-time record lows, you’ve likely pondered a refinance if you’re an existing homeowner. But you probably have a lot of questions too, especially if it’s your first time refinancing a home loan. Let’s clear ... Read More »
