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
Record Number of Home Buyers Searching Outside Their Own City as Properties Fly Off the Shelf
After some uncertain months while COVID-19 first emerged, home buying has become hot again. Super-hot. In fact, homes are being scooped up at the fastest pace in more than two years, per Zillow. Homes Are Going Pending Fast Homes went ... Read More »
Veterans Can Now Get Rates as Low as 2.25% on a 30-Year Fixed Mortgage
It seems mortgage rates keep moving lower and lower, and now some veterans and active duty military might be able to snag a 30-year fixed as low as 2.25%! That’s pretty unheard of. While it sounds too good to be ... Read More »
Mortgage Rates Should Be Lower, Here’s Why They Aren’t
You’re probably pretty stoked about the record low mortgage rates currently available with most banks and lenders nationwide. What’s not to like about an interest rate at or below 3% that is fixed for the next 30 years? While that’s ... Read More »
Alterra Home Loans Review: One of the Largest Hispanic-Owned Mortgage Companies
Today we’ll take a look at Alterra Home Loans, which is a DBA of Panorama Mortgage Group, LLC based out of Las Vegas, Nevada. What makes them unique is that they’re 100% Hispanic-owned and one of the largest Hispanic-owned mortgage ... Read More »
COVID-19 May Have Just Been a Speed Bump for Surging Housing Market
We’re starting to get a better picture of how COVID-19 affected the housing market, with the National Association of Realtors’ existing-home sales report showing a big drop in May. It’s based on completed transactions, including both single-family homes and condos/townhomes, ... Read More »
The 30-Year Fixed Just Hit a New Record Low, What Should You Do?
Another week, another record low for mortgage rates. It’s all becoming rather humdrum at this point. Really, how excited can you get about a record that repeatedly gets broken with relative ease in a short span of time? The other ... Read More »
NewRez Mortgage Review: Are They the Home of Your Perfect Loan?
One mortgage lender making a big splash of late is NewRez, short for New Residential Investment Corp. Thanks to their 2019 acquisition of Shellpoint Partners LLC, which was the parent company of New Penn Financial, they now have a robust ... Read More »
Quicken Loans IPO: Top Mortgage Lender Reportedly Going Public
Some very big news in the mortgage world – Quicken Loans is reportedly going public, with an IPO currently being worked on by Credit Suisse, Goldman Sachs, JPMorgan, and Morgan Stanley. It’s now confirmed. Quicken has officially filed its IPO, ... Read More »
Planet Home Lending Review: 3 Trees Planted for Every Closed Loan
Today we’ll take a good look at Planet Home Lending, a rising star in the mortgage world that’s beginning to make inroads and become a household name. Founded just 13 years ago, they were able to muster nearly $2.5 billion ... Read More »
5 Things to Know If Considering Mortgage Forbearance
If you’re a homeowner, or just became one during the pandemic, you’ve likely heard of mortgage forbearance. Not to be confused with mortgage forgiveness, it allows borrowers to suspend mortgage payments for a period of time if experiencing a hardship ... Read More »
