Tips, trends and insights for homebuyers like you.
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![What’s considered a good interest rate for a mortgage?]()
What’s considered a good interest rate for a mortgage?
When it comes to figuring out what a “good” interest rate is, it really depends on the market at the time. Mortgage rates are a bit like gas prices—what seemed outrageous a few years ago might feel like a steal today.Take a look at this FRED graph for some context. Before 2015, mortgage rates rarely… 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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![Is it better to rent or buy a home?]()
Is it better to rent or buy a home?
Renting versus buying is a common crossroads many people face. Renting can feel a lot lower stakes as well as simpler and less expensive than buying… Read more
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![How long does it take to close on a house after an offer is accepted?]()
How long does it take to close on a house after an offer is accepted?
At a typical lender, closing on a house generally takes around 30 to 45 days from the moment your offer gets the green light. At Tomo… Read more
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![Is buying real estate a good investment?]()
Is buying real estate a good investment?
Investing in real estate is a phrase that is commonly thrown around, and it can often feel confusing. What real estate should I invest in? Is… Read more
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![How to get pre approved for a mortgage]()
How to get pre approved for a mortgage
A good way to think about your pre approval is a guarantee from a lender that you can pay a certain amount for a home. You… Read more
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![How to win an offer on a home]()
How to win an offer on a home
Winning an offer means your bid was accepted by the seller. You’re essentially securing the home and moving forward with the purchase process. It’s a big… Read more
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![What are the tax benefits of owning a home?]()
What are the tax benefits of owning a home?
So, what’s the deal with tax benefits for homeowners? Owning a home can score you some pretty sweet tax perks. You can usually deduct your mortgage… Read more
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![What credit score do I need to buy a home?]()
What credit score do I need to buy a home?
The higher your credit score, the better the loan terms you’ll likely get. But you don’t need perfect credit to buy a home. Generally, a score… Read more
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![What is a origination fee?]()
What is a origination fee?
If you are in the process of shopping around for a lender, or just curious about the home buying process as a whole, you’ve likely heard… Read more
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![What is a mortgage escrow account?]()
What is a mortgage escrow account?
When financing a new home, you’ll likely hear the term “escrow.” When purchasing a new home, the escrow is just a neutral “holding area” between the… Read more
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![What is the difference between earnest money and my down payment?]()
What is the difference between earnest money and my down payment?
Earnest money is just an initial deposit to secure your offer, while the down payment is a larger sum that reduces the amount you need to… Read more
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![What is mortgage underwriting?]()
What is mortgage underwriting?
The mortgage business ultimately comes down to underwriting, which is the process of assessing risks around the mortgage and likelihood of repayment. Let’s clear the air:… Read more
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![What is the best time of year to sell a house?]()
What is the best time of year to sell a house?
If you’re looking to sell your house, summer is typically the prime time. With better weather and families having more time to move, it’s a key… Read more
