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
If You Took Out a VA Loan in the Past 20 Years, Look Out for a Possible Refund
Over the past few years, VA loans have been at the center of controversies related to loan churning and high prepayment speeds. In short, some veterans were refinancing their home loans at a very aggressive pace, whether beneficial to them ... Read More »
Curbio Review: Renovate Today, Pay When You Sell
A startup named Curbio wants to help homeowners sell for more by improving their properties before they go to market. The twist is that the homeowner doesn’t have to pay for the renovations until settlement, meaning cash on hand isn’t ... Read More »
2012 Was a Really Good Year to Buy a Home
A new report from Redfin revealed 2012 was an absolutely fantastic time to purchase a home. Collectively, that crop of home buyers earned $203 billion in equity since their well-timed purchases, with the median homeowner having gained 261%, or $141,000. ... Read More »
The Number One Reason Mortgages Were Denied in 2018
Hint: It wasn’t because of a low credit score. Some say a mortgage (homeownership) is a privilege, not a right. In other words, you have to display some financial responsibility in order to obtain one. After all, a bank is ... Read More »
Blend Launches One Tap Pre-Approvals for Mortgages
The thing about mortgages is they continue to be difficult to obtain relative to just about everything else out there. Today, it’s easy to buy anything with the literal click of a button, whether it’s a new pair of shoes, ... Read More »
20-Year vs. 30-Year Mortgages: Get a Lower Rate?
It’s time for a new mortgage match-up. Since paying down the mortgage early seems to be so en vogue these days, it makes sense to compare “20-year mortgages vs. 30-year mortgages.” The most common type of mortgage is the 30-year ... Read More »
Borrowers with Low Credit Scores Should Shop Their Mortgage More
Most people don’t bother shopping around for their mortgage, despite the tremendous potential savings involved. In fact, nearly half of consumers only bother obtaining a single mortgage rate quote. It’s understandable since it’s certainly not any fun calling a bank ... Read More »
Why Are Mortgage Payments Mostly Interest?
Mortgage Q&A: “Why are mortgage payments mostly interest?” Here’s an interesting mortgage question – pun intended. Payment Composition Over Time Most homeowners take out fixed-rate mortgages With monthly payments that don’t change over 30 years While the mortgage payment stays ... Read More »
The Power of Extra Mortgage Payments
Mortgages can be viewed very differently. Some see them as a positive financial instrument, a way to free up their money so it can be invested elsewhere, ideally for a better return. Then there are those who view mortgages as ... Read More »
Mortgages for Self-Employed Borrowers: Tips to Qualify
Over the past few years, it’s gotten a lot easier to get a mortgage as technology has evolved. Today, when a mortgage lender asks for your financials, you may be given the option to grant digital access to things like ... Read More »
