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

Just How Popular Has iBuying Become?

Just How Popular Has iBuying Become?
March 2, 2020 No Comments »

In 2019, one out of every 100 homes were purchased by an iBuyer, short for instant buyer, per a new report from real estate brokerage Redfin. While it doesn’t sound like iBuying is catching on, consider the fact that the ... Read More »

Mortgage Rate vs. APR: What to Watch For

Mortgage Rate vs. APR: What to Watch For
February 27, 2020 No Comments »

It’s time for another mortgage match-up: “Mortgage rate vs. APR.” If you’re shopping for real estate or looking to refinance, and you’ve seen a certain mortgage rate advertised, you may have noticed a second, similar percentage adjacent to or below ... Read More »

LemonBrew Launches Real Estate Agent Match and Rebate

LemonBrew Launches Real Estate Agent Match and Rebate
February 26, 2020 No Comments »

A new tech company called LemonBrew has launched its so-called “custom matching platform” to link up home buyers (and sellers) with local, expert real estate agents. The team behind the operation consists of “experienced entrepreneurs and operators” who work in ... Read More »

The Next Big Thing in Mortgage Is Keeping in Touch

The Next Big Thing in Mortgage Is Keeping in Touch
February 25, 2020 No Comments »

I wrote a while back that more than half of consumers switched mortgage companies when obtaining a subsequent home loan. The message was pretty clear – there’s not much loyalty in the mortgage business. Ultimately, it’s hard to be loyal ... Read More »

Open Mortgage Review: Could Be More Transparent

Open Mortgage Review: Could Be More Transparent
February 24, 2020 No Comments »

One of the coolest (or I guess weirdest) cities in the world is home to Open Mortgage LLC, the subject of our latest mortgage review. Who Is Open Mortgage? The company, which calls itself a multi-channel mortgage lender, was founded ... Read More »

Mortgage Rates vs. the Coronavirus: We Might Test New All-Time Lows

Mortgage Rates vs. the Coronavirus: We Might Test New All-Time Lows
February 24, 2020 No Comments »

Mortgage rates can be pretty volatile. Just like stocks, they can change daily depending on what’s happening in the economy. Beyond that, mortgage rates can move based on news that doesn’t involve a report on the economic calendar, such as ... Read More »

Mortgage Delinquencies Have Fallen to the Lowest Level on Record

Mortgage Delinquencies Have Fallen to the Lowest Level on Record
February 20, 2020 No Comments »

What a difference a decade makes, at least when it comes to paying the mortgage on time. A new report from Black Knight revealed that mortgage delinquencies fell more than 5% in January to reach their lowest point since 2000, ... Read More »

Quontic Bank Launches No Doc Streamline Mortgage Refinance

Quontic Bank Launches No Doc Streamline Mortgage Refinance
February 19, 2020 No Comments »

Quontic Bank, which bills itself as an “adaptive digital bank,” has launched what they refer to as a “first of its kind” no doc home loan with loan amounts as high as $3 million. The non-Qualified Mortgage (non-QM), which is ... Read More »

Quicken Loans’ One Reverse Mortgage to Pause Operations

Quicken Loans’ One Reverse Mortgage to Pause Operations
February 18, 2020 No Comments »

One Reverse Mortgage, a Quicken Loans company, is reportedly pausing operations, according to a statement delivered to Reverse Mortgage Daily. While it’s unclear what the word “pause” means at this time, RMD also noted that the lender doesn’t expect to ... Read More »

Mortgage Due Dates 101

Mortgage Due Dates 101
February 18, 2020 56 Comments »

If you recently took out a mortgage, or have been thinking about purchasing real estate, you may be wondering when your mortgage payments will be due each month, among other things (like how late Ikea is open). Well, mortgage payments ... Read More »