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
A Fast Mortgage Isn’t Necessarily the Best Mortgage
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
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?
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
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?
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
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 »
You Can Refinance a Mortgage with Bad Credit, However…
For some reason, folks always want to know if you can do X, Y, and Z with bad credit. Which begs the question, why not improve your credit first! Okay, I get it, time is sometimes of the essence, especially ... Read More »
Figure Review: The Fastest Way to Tap Home Equity?
I received a letter in the mail the other day from a fintech company called “Figure” that claims it can approve me for a home equity line of credit (HELOC) online in five minutes. Better yet, they can fund the ... Read More »
Sometimes It’s Actually Better to Choose the Higher Mortgage Rate
With mortgage rates approaching all-time lows once again, there might be the temptation to snag a 30-year fixed at say 2.875%, or 2.99% if a lender offers a promotional rate. The same might be true of any home loan product, ... Read More »
Credible Mortgage Review: An Online Mortgage Broker Owned by Fox
There are lots of different ways to get a mortgage these days – you can walk into a physical bank branch, call a mortgage broker, or even start a loan application on your smartphone. While the mortgage broker model isn’t ... Read More »
