Tips, trends and insights for homebuyers like you.
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Can I Get a Mortgage If I Just Started a New Job?
Key Takeaways Often, yes: starting a new job doesn’t by itself rule out a mortgage. Fannie Mae’s guidelines ask whether your most recent two years show a reliable pattern of work, not how long you’ve been with your current employer. What usually decides your timing is the kind of change you made, how you’re paid,… 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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What Is FHA Mortgage Insurance Premium (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… Read more
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What are mortgage interest rate points?
The term mortgage points (also called discount points) gets frequently thrown around, but what do points actually mean and should you get them? Quick summary: Mortgage discount… Read more
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What Are Seller Credits (and How Do They Work)?
Seller credits (also called seller concessions) are essentially a way for the seller to help you with some of the closing costs or other expenses related… Read more
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What is Mortgage Protection Insurance (MPI)?
Mortgage protection is essentially a safety net for homeowners. It’s one type of insurance that steps in if life throws an unexpected curveball, whether that’s death, disability,… Read more
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Understanding Your Section B Closing Costs at Tomo Mortgage
Quick answer: Section B on your Loan Estimate is a list of required third-party fees (appraisal, credit report, fraud verification, and more) that your lender doesn’t… Read more
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What is Private Mortgage Insurance (PMI)?
Private mortgage insurance (PMI) is a policy your lender requires when you put down less than 20% on a conventional loan. It protects the lender if… Read more
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What is a VA loan?
A VA loan is a mortgage backed by the U.S. Department of Veterans Affairs, available to eligible veterans, active-duty service members, National Guard and Reserve members,… Read more
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What does “primary residence” mean when getting a mortgage?
A mortgage for a primary residence is the loan you get for the place you actually call home, not an investment property or a second home.… Read more
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What is debt-to-income ratio (DTI) in a mortgage?
DTI measures how much of your income goes toward debt payments. Lenders use this ratio to assess your financial stability and determine your ability to handle… Read more
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Why Is My Closing Date Moving? A Guide to Mortgage Delays and What Can Cause Them
You found the house. You survived the inspection. You told everyone your closing date is on the 15th. And then… you’re not closing on the 15th.… Read more
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Best Mortgage Lenders With the Lowest Rates in 2026, According to Real Data
Most mortgage rate comparisons are built on advertised rates, numbers lenders carefully calibrate to look competitive while burying the real cost in points, fees, and assumptions… Read more
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What is a mortgage 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