Tips, trends and insights for homebuyers like you.
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![Trump vs. Harris: Who has a better plan for homebuyers?]()
Trump vs. Harris: Who has a better plan for homebuyers?
Over the past 5 years, home prices have surged by over 50%. It’s no surprise that presidential candidates, Kamala Harris and Donald Trump, are eager to unveil their plans to address the affordable housing crisis and win over voters. Trump and Harris have put forward plans, but their approaches are drastically different. Both aim to… Read more
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![2024 mortgage interest rate forecast]()
2024 mortgage interest rate forecast
See how Tomo Mortgage’s head of Capital Markets breaks down the latest mortgage rate forecasts, predictions, and outlooks for 2024. Read more
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![Decoding the LTV in home loans]()
Decoding the LTV in home loans
The loan-to-value (LTV) ratio is a key figure that lenders use to gauge the risk of your mortgage. It shows how much of your property’s value… Read more
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![What’s a par rate—and does it really matter?]()
What’s a par rate—and does it really matter?
Mortgage lenders have different “point-values” associated with their interest rates, where there’s different costs associated. If you pay the lender more upfront for a lower interest… Read more
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![What is a mortgage and why is it important?]()
What is a mortgage and why is it important?
A mortgage is your ticket to owning a home without having the full cash upfront. It’s a loan that lets you buy property using borrowed money.… Read more
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![How to buy a home with less cash—the hidden world of lender credits]()
How to buy a home with less cash—the hidden world of lender credits
Lots of folks obsess about finding the lowest possible interest rate. And, we don’t disagree that finding the lowest rate is super important—it’s why our conventional… Read more
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![How is the loan amount I am approved for calculated?]()
How is the loan amount I am approved for calculated?
There’s a lot of mortgage calculators out there—these aren’t honestly all that valuable if you really want to know how much house you can afford. We… Read more
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![How to game the real estate wealth-building ladder]()
How to game the real estate wealth-building ladder
Imagine yourself 15 years from now. You might want to live in a new city, own a larger home, or have enough savings for your kids’… Read more
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![What is a buyer’s market?]()
What is a buyer’s market?
A buyer’s market is a period when there are more homes or more supply in the market, than buyers or demand. This allows buyers to be… Read more
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![When is the best time of year to buy a home?]()
When is the best time of year to buy a home?
When it comes to buying a home, timing can make a huge difference. But each season comes with advantages and tradeoffs. Here’s some pro tips. Fall:… Read more
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![What is debt-to-income (DTI) in mortgage?]()
What is debt-to-income (DTI) in mortgage?
DTI measures how much of your income goes toward debt payments. Lenders use this ratio to assess your financial stability and determine your ability to handle… Read more
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![What is PMI?]()
What is PMI?
When you put down less than 20% on your new home, every lender everywhere is required to charge for PMI, or Private Mortgage Insurance on a… Read more
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![Conditionally approved? What does it mean?]()
Conditionally approved? What does it mean?
Getting conditionally approved means the lender has reviewed your loan application and things are looking good, but they still need to check a few things before… Read more
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![What is a 3-2-1 buydown?]()
What is a 3-2-1 buydown?
Think of a 3-2-1 buydown as a mortgage’s way of easing you into the big league. It’s like giving yourself a financial warm-up before hitting the… Read more
