Tips, trends and insights for homebuyers like you.
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Buying a House With Student Loan Debt: What Lenders Actually Count
Key takeaways Mortgage lenders don’t always count what you actually pay on your student loans. They count a qualifying payment, set by your loan program and by whether your credit report shows a real payment, a $0 payment, or deferment. That number decides how much of your income is left for a mortgage. It also… 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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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 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
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What’s the deal with hard vs. soft credit checks?
A soft-credit check is basically a little peek behind the curtain. You’ve probably done soft credit checks on yourself (if you haven’t, you should), where your… Read more
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15-year or 30-year mortgage?
When trying to figure out how much house you can afford, or work out the best price for a mortgage, a lot of people wonder whether… Read more
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What does clear to close mean?
“Clear to close” (CTC) is like the ultimate green light in the mortgage world. Hitting that milestone means your mortgage lender has gone through your financial stuff—income,… Read more
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Is buying a foreclosed home a smart move?
Thinking of diving into the world of foreclosures? It could be a savvy investment, but it comes with its fair share of risks. Foreclosed properties often… Read more
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Ready to buy your first home? Here’s how to do it
Thinking about buying your first home? Love that journey for you! But listen, this is a big move, so let’s make sure you do it right.… Read more
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Bank of America vs. Rocket Mortgage
Shopping for a home loan? Bank of America and Rocket Mortgage are likely top contenders. One’s a traditional bank, and the other’s a call center powerhouse.… Read more
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Chase vs. Rocket Mortgage
On the hunt for a home loan? Chase and Rocket Mortgage are probably on your radar, but who’s really giving you the best bang for your… Read more
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What’s the difference between a Buyer’s Agent and a Seller’s Agent?
If you’re new to home buying, you’ll need to quickly understand the roles of buyer’s agents and seller’s agents. They’re the power players in your property… Read more
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Agent commissions post-NAR’s disclosure: what you need to know
Starting August 17, 2024, the real estate commission landscape is changing big time. The NAR (National Association of Realtors) settlement has shaken up how agent commissions… Read more
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Are condos a smart investment?
Thinking about snagging a condo? It could be a killer investment, but it really depends on what you’re aiming for financially and personally. Here’s the scoop… Read more