Tips, trends and insights for homebuyers like you.
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Best Mortgage Lenders in Georgia—Backed by Data
How we picked Data-driven picks for Georgia buyers Buying a home in Georgia? Whether you’re exploring affordable suburbs outside Atlanta, competing in fast-growing metro areas like Savannah or Macon, or seeking a lakeside retreat near Lake Lanier or Lake Oconee, the mortgage process can be anything but straightforward. Choosing the right lender could make all… Read more
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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
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Who can get in on a VA loan?
A VA loan is a mortgage loan backed by the U.S. Department of Veterans Affairs (VA). Its primary purpose is to help veterans, active-duty service members,… Read more
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Is an FHA loan a good idea?
For some people, an FHA loan can be a golden ticket to home ownership. It’s backed by the Federal Housing Administration (ie, the FHA) and it’s… Read more
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How do interest rates work? Understanding how mortgage companies make money
You’re paying to borrow. When you take out a mortgage, you’re borrowing a large sum from the bank or lender. The interest rate is essentially their… Read more
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Does finding the lowest APR guarantee the best loan?
Lenders are going to show you multiple numbers when they give you a quote—the interest rate, the APR, the points (or costs for points), and fees.… Read more
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Do I need a realtor to buy a house? Pros and cons of DIY home buying
Long story short, no, you do not need a realtor to buy a home. However, when looking at the pros and cons of having a realtor,… Read more
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Are closing costs a good way to pick a lender?
Maybe. Be careful about what you’re comparing. While it’s easy to focus on the total cash needed to close, it’s not the most reliable way to… Read more
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What’s the average age of a first-time homebuyer?
You might be asking: if I don’t own a home by the time I’m 30 am I totally failing at life? We feel you, and no. … Read more
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Everything you need to know about mortgage insurance premiums (MIP)
MIP, or mortgage insurance premium, is an essential part of certain home loans—specifically those backed by the Federal Housing Administration (FHA). Just like PMI (private mortgage… Read more
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What’s a promissory note in real estate?
A promissory note in real estate is like a fancy IOU. You’re basically saying, “Yeah, I’m borrowing money to get this house, and I promise to… Read more
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What is a restrictive covenant in real estate jargon?
A restrictive covenant is like a set of rules that dictate what you can and can’t do with your property. It’s baked right into your property… Read more
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Is it good to buy in a HOA?
A HOA, or Homeowners Association, is essentially the neighborhood’s gatekeeper—and it can be a mixed bag. Roughly ⅓ of the U.S. lives in an HOA, and… Read more
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What happens after you submit your mortgage application
Once you submit your application it goes to underwriting. Underwriting is about making sure the details of your loan, the property, and your financial situation align… Read more