Tips, trends and insights for homebuyers like you.

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Loan officers share the tricks that get you to overpay

The mortgage industry has gotten very good at ripping people off. Between excessive fees and inflated interest rates, the average homebuyer overpays by $3,500 at closing. The kicker? Most don’t even realize it’s happening. So how do lenders get away it? How do they keep selling bad deals to smart people? Loan officers know. And… Read more

By:

Will Begeny

•

May 5, 2025

2025 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

March 10, 2025
Tomo Mortgage Launches TrueRate – A Free AI-based Tool to Help Homebuyers Avoid Being ‘Ripped Off’ by Mortgage Lenders

Tomo Mortgage aims to hold the mortgage industry accountable for inflated rates, hidden fees and misleading pricing that will cost U.S. homebuyers $11 billion in 2025… Read more

May 1, 2025
How FHFA Could Lower Mortgage Rates in 2025: A Look at GSE MBS Purchases

Background A scenario we are prepping for at Tomo is the event of Fannie Mae and Freddie Mac (the GSEs) stepping into the market to buy… Read more

March 25, 2025
Press Release: AI-powered Tomo Mortgage Raises $20M with Backing from Progressive Insurance®

After a year of explosive growth,Tomo, a fintech startup co-founded by former Zillow executives, now backed by Progressive Insurance, Ribbit Capital, NFX, and DST Global Partners… Read more

March 12, 2025
Progressive Insurance® now backs Tomo

The mortgage industry is riddled with inefficiencies and unnecessary costs. Over-inflated rates, excessive fees for things like “origination” or “processing,” and missed closing dates cost American… Read more

March 11, 2025
California mortgage rate forecast: 2025

See how Tomo Mortgage’s head of Capital Markets breaks down the latest mortgage rate forecasts, predictions, and outlooks for 2024. Read more

February 26, 2025
Tomo Mortgage tops Bankrate’s list of Best Online Lenders in 2025

We are excited to share that we just rose to the top of Bankrate’s list of Best Online Lenders in 2025. Bankrate evaluates mortgage lenders based… Read more

February 25, 2025
2025 Mortgage Review: Mortgage Solutions Financial

Mortgage Solutions Financial is a regional lender focused on the state of Colorado. They provide residential loans and refinancing options. Their approach is marketed as pretty… Read more

February 18, 2025
2025 Mortgage Review: Almeda Mortgage Corp

Alameda Mortgage Corporation is a California-based lender that offers residential mortgages. They’ve been around for a while and provide a mix of conventional and government-backed loans.… Read more

February 18, 2025
2025 Mortgage Review: MLB Mortgage

MLB Mortgage has struggled to keep up with industry standards, consistently offering mortgage rates well above the market average. Over the past two years, its higher-than-normal… Read more

February 18, 2025
2025 Mortgage Review: Compeer Financial

Compeer Financial may present itself as a trusted financial partner with a focus on sustainability, but its mortgage rates have told a different story. For the… Read more

February 18, 2025
2025 Mortgage Review: Royal United Mortgage

Royal United Mortgage may have a regal-sounding name, but its lending practices have been anything but noble. Over the past two years, this lender has maintained… Read more

February 18, 2025