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

CIT Bank Mortgage Review: Good Rates, But Where’s the Tech?

CIT Bank Mortgage Review: Good Rates, But Where’s the Tech?
February 17, 2020 No Comments »

CIT, which stands for “Commercial Investment Trust,” is probably best known for NOT being Citibank. Yes, you heard right; while the names look very similar, they are two entirely different companies despite operating in the same business sector. That confusion ... Read More »

loanDepot Mortgage Review: Digital Process Helps You Close 17 Days Faster

loanDepot Mortgage Review: Digital Process Helps You Close 17 Days Faster
February 13, 2020 No Comments »

One of the largest nonbank mortgage lenders in the country is loanDepot, typically landing on the top-10 list overall year after year. In fact, they’ve even cracked the top five in some years as well, so they’re certainly a big ... Read More »

More Than a Quarter of Millennial Homeowners Want to Go Back to Renting

More Than a Quarter of Millennial Homeowners Want to Go Back to Renting
February 13, 2020 No Comments »

I guess homeownership isn’t for everyone, at least if you consider a new study from LendingTree. When respondents were asked if they would “ever go back to renting,” some 28% of Millennials said yes. Even worse, 10% said they’d go ... Read More »

AmeriSave Mortgage Review: Pioneer of the Digital Mortgage?

AmeriSave Mortgage Review: Pioneer of the Digital Mortgage?
February 12, 2020 No Comments »

While perhaps not a household name, there’s a good chance you’ll stumble upon AmeriSave if actively shopping your home loan. They have quite a presence online and are a top-rated lender with LendingTree, despite a lack of physical branches and ... Read More »

A Fast Mortgage Isn’t Necessarily the Best Mortgage

A Fast Mortgage Isn’t Necessarily the Best Mortgage
February 11, 2020 No Comments »

These days, all the mortgage advertisements I see promote speed. Get your loan fast. Get it with the push of a button. Get approved in minutes, close in a week! Hello Figure and Rocket Mortgage, and basically every other fintech ... Read More »

HomeLight Cash Close: Make All-Cash Offers and Trade-In Your Old Home for a New One

HomeLight Cash Close:  Make All-Cash Offers and Trade-In Your Old Home for a New One
February 10, 2020 No Comments »

Real estate agent matchmaker HomeLight has launched two new programs for homeowners in California that make it easier to buy and sell by leveraging the power of cash. The new initiative, known as “HomeLight’s Cash Close program,” includes HomeLight Trade-In ... Read More »

What Is a Conventional Mortgage Loan?

What Is a Conventional Mortgage Loan?
February 7, 2020 No Comments »

Mortgage Q&A: “What is a conventional mortgage loan?” A “conventional mortgage” simply refers to any residential mortgage loan that is not insured or guaranteed by the federal government. The word conventional means standard, regular, or normal, which is basically saying ... Read More »

New American Funding Review: Plenty of Loan Options

New American Funding Review: Plenty of Loan Options
February 6, 2020 No Comments »

It’s time for another mortgage review, this time we’ll take a hard look at New American Funding to see if they should be included in your home loan search. They call themselves a family-owned business dedicated to helping other families ... Read More »

What Is a Lender Credit?

What Is a Lender Credit?
February 6, 2020 No Comments »

Mortgage Q&A: “What is a lender credit?” How a Lender Credit Works Mortgage lenders know you don’t want to pay any fees to get a home loan So they offer “credits” that offset the customary closing costs associated with a ... Read More »

Point Review: Get Payment-Free Cash In Exchange for Future Home Price Appreciation

Point Review: Get Payment-Free Cash In Exchange for Future Home Price Appreciation
February 4, 2020 No Comments »

A company called Point wants to give you “early access to your home equity” without ever having to make monthly payments, similar to how a reverse mortgage works. While at first glance it sounds pretty good, you’ve got to dig ... Read More »