The Truth About Mortgage Blog

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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

Landed: Helping Educators Buy Homes in the Expensive Areas They Serve

Landed: Helping Educators Buy Homes in the Expensive Areas They Serve
March 17, 2020 No Comments »

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

Now More Than Ever You Need to Compare Mortgage Rates
March 17, 2020 No Comments »

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

No, You Aren’t Getting a 0% Mortgage Rate
March 16, 2020 No Comments »

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

The Federal Reserve Has Swooped In to Save Mortgage Rates
March 15, 2020 No Comments »

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

CrossCountry Mortgage Review: Licensed Nationwide
March 12, 2020 No Comments »

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

So Much for the Record Low Mortgage Rates
March 11, 2020 No Comments »

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?

Lenox Financial / WesLend Mortgage Review: The Biggest No-Brainer?
March 11, 2020 No Comments »

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 »

The Refinance Rule of Thumb

The Refinance Rule of Thumb
March 10, 2020 No Comments »

How Much Lower Should Mortgage Rates Be to Refinance? Unfortunately there is no one-size-fits-all answer Because no two loan scenarios are the same You have to factor in existing home loan details And future plans/financial objectives/tenure in home, etc. If ... Read More »

Quicken Loans CEO Doesn’t See the 30-Year Fixed Falling Below 3%

Quicken Loans CEO Doesn’t See the 30-Year Fixed Falling Below 3%
March 6, 2020 No Comments »

Call him a party pooper, but the CEO of top retail mortgage lender Quicken Loans doesn’t expect mortgage rates to decline any further from their new all-time lows. If anything, Jay Farner believes they will rise over the next few ... Read More »

Gateway Mortgage Review: They’ve Got Tons of Loan Programs!

Gateway Mortgage Review: They’ve Got Tons of Loan Programs!
March 5, 2020 No Comments »

Gateway Mortgage Group was founded back in the year 2000 by J. Kevin Stitt, who claims he only had $1,000, a computer, and lofty dreams. He now serves as the 28th Governor of Oklahoma, in office since January 2019. Today, ... Read More »