Tips, trends and insights for homebuyers like you.
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![How FHFA Could Lower Mortgage Rates in 2025: A Look at GSE MBS Purchases]()
How FHFA Could Lower Mortgage Rates in 2025: A Look at GSE MBS Purchases
Background A scenario we are prepping for at Tomo is the event of Fannie Mae and Freddie Mac (the GSEs) stepping into the market to buy Mortgage Backed Securities, causing a sudden drop in mortgage rates this year, in 2025. Such a move could result in a drop in mortgage rates by as much as… Read more
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![2025 mortgage interest rate forecast]()
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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![Navy Federal vs. Rocket Mortgage]()
Navy Federal vs. Rocket Mortgage
Shopping for a home loan? Navy Federal and Rocket Mortgage are likely names you’ve heard. One’s a hub for helping Veterans and their family’s finance homes,… Read more
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![What is hazard insurance?]()
What is hazard insurance?
Wondering what hazard insurance is? It’s the part of your homeowners insurance that protects your home from disasters like fire, storms, and theft. Basically, it’s the… Read more
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![Are property taxes included in a mortgage payment? (short answer: yes)]()
Are property taxes included in a mortgage payment? (short answer: yes)
When you get a mortgage, there’s more to your monthly payment than just the loan itself. A chunk of it likely covers property taxes, too. Here’s… Read more
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![What’s a purchase agreement when it comes to buying a home?]()
What’s a purchase agreement when it comes to buying a home?
A purchase agreement (also called a sales contract) is the legal document that outlines the terms and conditions of the sale when you’re buying a home.… Read more
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![Why do you have to pay for a home appraisal upfront?]()
Why do you have to pay for a home appraisal upfront?
Here’s the deal: when you’re buying a home, your lender isn’t just handing you a loan without making sure the house is actually worth what you’re… Read more
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![Prepayment penalties: the mortgage “gotcha” you can avoid]()
Prepayment penalties: the mortgage “gotcha” you can avoid
Imagine this: you’re cruising towards financial freedom, paying off your mortgage early. But suddenly, a “prepayment penalty” pops up, like a speed bump on your road… Read more
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![The FHA flip rule: what you should know]()
The FHA flip rule: what you should know
So, you’re jumping into the world of FHA loans or thinking about flipping houses? One thing you need to get familiar with is the FHA flip… Read more
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![What’s a mortgage title, and what’s it to you?]()
What’s a mortgage title, and what’s it to you?
The mortgage title is basically your proof that you own your house. It’s the legal document that says, “This property is officially yours.” It also covers… Read more
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![What’s the typical down payment on a house?]()
What’s the typical down payment on a house?
So, you’re ready to take the leap into homeownership, and onto the wealth building ladder of real estate… but first, let’s talk about one of the… Read more
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![What is a pre approval letter? Your must-have for home buying success]()
What is a pre approval letter? Your must-have for home buying success
Strap in! Before you kick off your house hunt, there’s one essential document you absolutely need: the pre approval letter. What is it, and why should… Read more
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![Why do mortgage lenders track all deposits?]()
Why do mortgage lenders track all deposits?
Good question! Lenders are all about making sure you’re financially solid and that your money is legit. They want to see that your cash flow isn’t… Read more
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![VA vs. conventional loans: which is better?]()
VA vs. conventional loans: which is better?
Choosing the type of loan that makes the most financial sense for you can be daunting for first time homebuyers and repeat purchasers alike. There’s some… Read more
