The Truth About Mortgage Blog

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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

Carrington Mortgage Launches Line of Subprime Mortgages

Carrington Mortgage Launches Line of Subprime Mortgages
April 5, 2018 No Comments »

Here we go again? Maybe, maybe not. Regardless, Carrington Mortgage Services has launched a new line of subprime mortgages available to the 100 million odd U.S. consumers who have less than perfect credit. For the record, Carrington already offers subprime ... Read More »

Getting a Mortgage on a Duplex, Triplex, or Fourplex

Getting a Mortgage on a Duplex, Triplex, or Fourplex
April 4, 2018 No Comments »

One trend I’ve been seeing lately is buying a multi-unit property, such as a duplex, and renting out one unit while living in the other. The cool kids are referring to this as “house hacking” because you essentially get someone ... Read More »

The Top 10 Cities Where Cash-Out Refinances Are King

The Top 10 Cities Where Cash-Out Refinances Are King
April 3, 2018 No Comments »

Despite being nowhere close to levels seen just over a decade ago, cash-out refinance loans are on the rise, this according to a new data dive by LendingTree. The company reported that 62% of those who refinanced in the first ... Read More »

How to Move Out of Your Parents House

How to Move Out of Your Parents House
March 28, 2018 No Comments »

There’s nothing inherently wrong with living with your parents, other than EVERYTHING! So let’s talk about how to GET OUT! To be clear, I’m going to discuss moving out and buying a place of your own, not moving out and ... Read More »

Condo vs. Townhouse: Why It Matters

Condo vs. Townhouse: Why It Matters
March 27, 2018 1 Comment »

It’s been a while since I’ve done a matchup, so let’s talk about an important one if you’re in the market to buy real estate. Today, we’ll breakdown the similarities and differences of a condo vs. townhouse. First things first, ... Read More »

What Is a 3/1 ARM?

What Is a 3/1 ARM?
March 22, 2018 No Comments »

If you haven’t been feeling 30-year mortgage rates recently, maybe an ARM might suit you better, especially if you don’t plan to stay in your home for a very long time. There are a variety of adjustable-rate mortgages available to ... Read More »

What Will Happen to Home Sales If Mortgage Rates Rise to 9%?

What Will Happen to Home Sales If Mortgage Rates Rise to 9%?
March 21, 2018 No Comments »

There’s been a lot of hubbub about mortgage rates since the start of the year. It’s not unwarranted, given the fact that 30-year fixed rates increased from 3.95% to 4.46% from January through early March, per Freddie Mac data. But ... Read More »

MassHousing Launches Zero Down Mortgage

MassHousing Launches Zero Down Mortgage
March 19, 2018 No Comments »

There is yet another zero down mortgage option available to prospective home buyers, the latest being offered by The Massachusetts Housing Finance Agency (MassHousing). The quasi-public agency already offers 30-year fixed-rate mortgages up to 97% loan-to-value (LTV), but launched its ... Read More »

What Does It Mean to Be House Poor?

What Does It Mean to Be House Poor?
March 14, 2018 No Comments »

If you’re an existing homeowner or an aspiring one, you may have heard the phrase “house poor,” typically uttered by an overextended borrower. It may also serve as a warning to a first-time home buyer. First, let’s define what it ... Read More »

What Is a Letter of Explanation?

What Is a Letter of Explanation?
March 12, 2018 No Comments »

Mortgage Q&A series: “What is a letter of explanation?” If you’re currently going through the joyful process of obtaining a home loan, you may have been asked to furnish a “letter of explanation” or LOE to provide a little more ... Read More »