Tips, trends and insights for homebuyers like you.
Filter by:
-
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 profit from. Some lenders hide these inside their lender fees. Tomo Mortgage charges $0 in lender fees and lists every Section B cost separately, passed through at cost. What Read more
By:
•
-
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
-
What is a foreclosure? A first-time homebuyer’s handbook
So, you’re stepping into the homebuying arena for the first time. Exciting, right? But there’s a term lurking in the background that you need to be… Read more
-
0% down mortgages: do they exist, or are they just a dream?
Hey there, future homeowners! So, you’ve probably heard whispers about the elusive 0% down mortgage—the magical unicorn of home financing. You might be wondering, “Do they… Read more
-
Navy Federal vs. Wells Fargo
Shopping for a home loan? Navy Federal and Wells Fargo are likely names you’ve heard. One’s a hub for helping Veterans and their family’s finance homes,… Read more
-
Navy Federal vs. Chase
On the hunt for a home loan? Chase and Navy Federal are probably on your radar. But who’s really giving you the best bang for your… Read more
-
Veterans United vs. Rocket Mortgage
Looking for a home loan? You’ve probably come across Veterans United and Rocket Mortgage. Veterans United is all about supporting Veterans and their families with home… Read more
-
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
-
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
-
Are property taxes included in a mortgage payment?
Most homebuyers pay property taxes through an escrow account as part of their monthly mortgage payment — but not always. Here’s how it works and what… Read more
-
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
-
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
-
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
-
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