The Truth About Mortgage Blog
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! So what are you waiting for? Let's go! View all mortgage help topics to get started or check out the latest mortgage tips and news below.
Latest Posts
Redfin Compete Score: How Hard Is It to Win That Home?
Redfin just launched its so-called “Compete Score,” a tool designed to help prospective home buyers determine how hard it’ll be to “win a home” in a particular city or neighborhood. Is this the beginning of the end? The late stages ... Read More »
One Really Simple Way to Offset a Higher Mortgage Rate
We all know mortgage interest rates are increasing. While they’ve seen periods of relief here and there, the trajectory seems to be decidedly higher. How much higher remains to be seen, but there’s a good chance the rate you receive ... Read More »
Average Home Seller in 2017 Made Only $39,000
While all the headlines paint a really rosy picture for the real estate market where sellers are cashing in mega gains, the average takeaway isn’t all that great. A recent analysis from Zillow revealed that the typical home seller in ... Read More »
Should You Pay Off Your Mortgage Before Retirement?
If you speak to any financial planners or so-called experts on the matter, they’ll probably say, “Yes, pay off your mortgage before you retire.” But is it fair to make the same conclusion for all individuals? Probably not. And times ... Read More »
Laurel Road: Truly Digital Mortgages Built Entirely Online
Another Millennial or even Gen-Z focused mortgage lender has come online, literally, to offer you a mortgage. I’m talking about Laurel Road, which sounds like a really neat place to get a home loan. They claim to “offer an end-to-end ... Read More »
Citi Is Offering .50% Off Your Mortgage Rate If You Deposit a Million Bucks
Okay, it sounds a little silly, but it’s not a bad deal if you happen to have a million dollars lying around the house. CitiMortgage has so-called “relationship pricing” that affords its customers certain discounts on home loans they take ... Read More »
Look for a Mortgage Before You Search for a Home
While it might look and sound counterintuitive at first glance, it could actually make perfect sense. Instead of assuming that home loan financing is just a cumbersome, yet mostly guaranteed step toward the American Dream, understand that it will dictate ... Read More »
Freddie Mac HomeOne Mortgage: New 3% Down Mortgage with No Income Restrictions
A new home loan program is being rolled out this July by Freddie Mac, known as “HomeOne Mortgage,” which features a 3% down payment and no income restrictions. While Freddie Mac already offers a similar 3% down program via its ... Read More »
What Mortgage Rates at 4-Year Highs Does and Doesn’t Mean
You’ve probably already seen the alarming headlines, that mortgage interest rates rose this week to highs not seen in over four years. Gasp! It sounds like doomsday for mortgage rates, but to really interpret what four years means, we have ... Read More »
Mortgage Rates Vary by Lender, So Shop Around
While mortgages are largely a commoditized product, unlike perhaps a TV or a smartphone with unique technology, their cost can still vary considerably by lender. The reason mortgage rates are different across banks and lenders could be a result of ... Read More »
