The Truth About Mortgage Blog

hello

A warm and friendly (and most importantly objective) place to learn about mortgages, ideally before you make contact with a bank 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! So what are you waiting for? Let's go! See all mortgage help topics to get started.

Latest Posts

Guaranteed Rate Brings Back Same Day Mortgage Underwriting

Guaranteed Rate Brings Back Same Day Mortgage Underwriting
December 4, 2017 No Comments »

Back in the good old days, pre-mortgage crisis, you could get a fully underwritten mortgage approval the same day. In fact, you could get approved for a mortgage by the early afternoon if you submitted a complete loan package that ... Read More »

Can You Pay the Mortgage with Bitcoin?

Can You Pay the Mortgage with Bitcoin?
November 30, 2017 No Comments »

Mortgage Q&A: “Can you pay the mortgage with bitcoin?” First off, I apologize for writing an article about bitcoin. I know it’s all the rage right now and I’m just adding to the hype, but it’s newfound relevancy warrants this ... Read More »

New Program Allows Renters to Get a Mortgage with as Little as a Security Deposit

New Program Allows Renters to Get a Mortgage with as Little as a Security Deposit
November 29, 2017 No Comments »

Home Partners of America and New Penn Financial have joined forces to offer renters the ability to get a mortgage with as little as their security deposit. The joint venture aims to alleviate one of the main obstacles to owning ... Read More »

2018 Conforming Loan Limit Jumps to $453,100

2018 Conforming Loan Limit Jumps to $453,100
November 28, 2017 No Comments »

It’s that time of year again, when the FHFA announces the conforming loan limit for the upcoming year. And like last year, it’s going up! This marks just the second increase in the past decade thanks to that pesky housing ... Read More »

Quicken Loans Offering Cyber Monday Mortgage Deal

Quicken Loans Offering Cyber Monday Mortgage Deal
November 27, 2017 No Comments »

I was curious if any mortgage lenders were getting in on the Black Friday and Cyber Monday deals, and it turns out at least one is. Unsurprisingly, it’s Quicken Loans, one of the largest retail mortgage lenders out there. I ... Read More »

Are Mortgages Simple Interest and Compounded Monthly?

Are Mortgages Simple Interest and Compounded Monthly?
November 21, 2017 No Comments »

People seem to be fascinated with how mortgages are calculated and paid off, but when it comes down to it, there’s nothing too mind-blowing happening. Each month, a portion of principal and interest are paid off as mortgage payments are ... Read More »

Flagstar Offering Zero Down Mortgages to Michigan Home Buyers

Flagstar Offering Zero Down Mortgages to Michigan Home Buyers
November 13, 2017 No Comments »

Flagstar Bank is the latest mortgage lender to offer a home loan with zero down payment requirement. They even go a step further by offering to pay the borrower’s closing costs too. Sounds pretty sweet, doesn’t it? Unfortunately, the new ... Read More »

21 Frequently Asked Mortgage Questions Answered

21 Frequently Asked Mortgage Questions Answered
November 8, 2017 No Comments »

I thought it would be helpful to create a post that answers a lot of common mortgage questions in one convenient place. You should know the answer to all of these questions if you’re serious about getting a home mortgage. ... Read More »

Capital One to Stop Offering Mortgages

Capital One to Stop Offering Mortgages
November 8, 2017 No Comments »

It’s feeling a little like 2007 today. Back then, I was writing posts like this on a daily basis. Capital One has announced that it is exiting the mortgage business, seemingly surprising given the current real estate climate that is ... Read More »

OfferPad Home Loans: iBuyer Links Up with loanDepot to Provide Bridge Financing

OfferPad Home Loans: iBuyer Links Up with loanDepot to Provide Bridge Financing
November 7, 2017 No Comments »

A so-called direct home buyer by the name of OfferPad that agrees to purchase homes in as little as 24 hours has announced a new joint venture with loanDepot to provide financing to those who use its platform. Specifically, the ... Read More »