Tips, trends and insights for homebuyers like you.
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Homebuyer Stress in America: 2025
Today’s mortgage rates aren’t extreme, but they feel that way to homebuyers, prolonging searches and increasing stress. The real cost of homeownership has been growing significantly in recent years.1 In 2000, a typical homebuyer spent 20% of their income on a mortgage. Today, roughly 38% of a buyer’s income goes toward housing. Every day, we… 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 2025. Read more
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How much money do I need to buy a house?
It’s a seemingly simple question, with a complicated answer. We’ll do our best to simplify how much money you’ll need to have saved up in order… Read more
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How much are closing costs?
Closing costs are all the expenses needed to seal the deal on your home purchase, beyond the negotiated purchase price of the property. Most buyers are… Read more
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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?
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?
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
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
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?
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?
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?
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?
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?
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