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

Home Equity Could Prevent Flood of Forbearance-Related Foreclosures

Home Equity Could Prevent Flood of Forbearance-Related Foreclosures
June 8, 2020 No Comments »

The latest Mortgage Monitor report from Black Knight reveals that many homeowners in forbearance plans are sitting on a healthy amount of home equity, meaning if they’re forced to sell banks may not lose out. Per the data analytics company, ... Read More »

FHA Will Insure Mortgages in Forbearance, With a Catch

FHA Will Insure Mortgages in Forbearance, With a Catch
June 5, 2020 No Comments »

The Federal Housing Administration (FHA) finally announced a new policy, which is temporary, to endorse mortgages where the borrower has requested or obtained COVID-19 forbearance. Mortgagee Letter 2020-16 temporarily reverses the FHA’s existing policy that doesn’t permit FHA insurance for ... Read More »

Use These Mortgage Charts to Easily Compare Rates

Use These Mortgage Charts to Easily Compare Rates
June 4, 2020 No Comments »

One of the things prospective home buyers and existing homeowners seem to care most about is mortgage rates. And for good reason – the interest rate you receive on your home loan dictates what you’ll pay each month, sometimes for ... Read More »

Home Point Financial Review: A Top-20 Mortgage Lender in Just Five Years

Home Point Financial Review: A Top-20 Mortgage Lender in Just Five Years
June 3, 2020 No Comments »

Just five years young, Home Point Financial has already seen record growth thanks to production across three different lending channels. Aside from being a retail consumer-direct lender, they are reportedly the second largest wholesale mortgage lender in the U.S. thanks ... Read More »

Have Home Prices Finally Hit a Ceiling?

Have Home Prices Finally Hit a Ceiling?
June 3, 2020 No Comments »

While rising property values have continued to defy expectations, could it be the end for home price appreciation after nearly a decade of gains? There’s been talk of frothy home prices for years now, with affordability stretched even as mortgage ... Read More »

What Mortgage Rate Can I Get With My Credit Score?

What Mortgage Rate Can I Get With My Credit Score?
May 28, 2020 No Comments »

A reader recently asked, “What mortgage rate can I get with my credit score?”  So I figured I’d try to clear up a somewhat complex question. With mortgage rates now at new all-time lows, again (sigh!), borrowers looking to refinance ... Read More »

On Q Financial Mortgage Review: The Simple Way to Get a Mortgage?

On Q Financial Mortgage Review: The Simple Way to Get a Mortgage?
May 28, 2020 No Comments »

Today we’ll take a good look at On Q Financial, a direct mortgage lender based in Tempe, Arizona that wants to make getting a mortgage simple. In fact, their slogan is, “Mortgages Simplified,” so my guess is their loan process ... Read More »

PennyMac Mortgage Review: A Top-3 Mortgage Lender Nationally

PennyMac Mortgage Review: A Top-3 Mortgage Lender Nationally
May 27, 2020 No Comments »

One of the fastest growing and largest mortgage lenders in the country goes by the name PennyMac, not to be confused with Freddie Mac. If you’re wondering what the rather odd name means, it stands for Private National Mortgage Acceptance ... Read More »

Eagle Home Mortgage Review: Should You Get a Mortgage from the Nation’s Largest Homebuilder?

Eagle Home Mortgage Review: Should You Get a Mortgage from the Nation’s Largest Homebuilder?
May 26, 2020 No Comments »

If you’re thinking about buying a home or refinancing an existing mortgage, you may have come across Eagle Home Mortgage on your journey. They’re more likely to come up if purchasing a home since they are a direct mortgage lender ... Read More »

46% of Homeowners in Forbearance Plans Still Made Their Mortgage Payments

46% of Homeowners in Forbearance Plans Still Made Their Mortgage Payments
May 22, 2020 No Comments »

Another interesting trend has emerged from the latest mortgage forbearance data, this time courtesy of a new report from data analytics company Black Knight. Nearly 5 Million Now in Mortgage Forbearance Plans 4.75 million borrowers in active forbearance plans (9% ... Read More »