Author Profile:
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LendingTree vs. Rocket Mortgage – what’s the difference?
Lending Tree & Rocket Mortgage: the basics LendingTree: The Marketplace Aggregator LendingTree is an online marketplace that connects borrowers… Read more
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What are seller credits?
Seller credits are essentially a way for the seller to help you with some of the closing costs or… Read more
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What is a mortgage Loan Officer?
A mortgage Loan Officer, also known as a Loan Advisor here at Tomo Mortgage, is the person you’ll likely… Read more
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What’s an Application Advisor?
After you win the offer on a new home, your Loan Advisor will introduce you to your Application Advisor… Read more
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Who does what in a mortgage company? Understanding your lending team
When you’re diving into the mortgage world, it’s easy to get mixed up between different roles. There’s a great… Read more
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Trump vs. Harris: Who has a better plan for homebuyers?
Over the past 5 years, home prices have surged by over 50%. It’s no surprise that presidential candidates, Kamala… Read more
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Decoding the LTV in home loans
The loan-to-value (LTV) ratio is a key figure that lenders use to gauge the risk of your mortgage. It… Read more
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What’s a par rate—and does it really matter?
Mortgage lenders have different “point-values” associated with their interest rates, where there’s different costs associated. If you pay the… Read more
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What is a mortgage and why is it important?
A mortgage is your ticket to owning a home without having the full cash upfront. It’s a loan that… Read more
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How to buy a home with less cash—the hidden world of lender credits
Lots of folks obsess about finding the lowest possible interest rate. And, we don’t disagree that finding the lowest… Read more
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How is the loan amount I am approved for calculated?
There’s a lot of mortgage calculators out there—these aren’t honestly all that valuable if you really want to know… Read more
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How to game the real estate wealth-building ladder
Imagine yourself 15 years from now. You might want to live in a new city, own a larger home,… Read more
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What is a buyer’s market?
A buyer’s market is a period when there are more homes or more supply in the market, than buyers… 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… Read more
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What is debt-to-income (DTI) in mortgage?
DTI measures how much of your income goes toward debt payments. Lenders use this ratio to assess your financial… Read more
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What is PMI?
When you put down less than 20% on your new home, every lender everywhere is required to charge for… Read more
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Conditionally approved? What does it mean?
Getting conditionally approved means the lender has reviewed your loan application and things are looking good, but they still… 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… 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… 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… Read more