Tips, trends and insights for homebuyers like you.
Filter by:
-
Is E-Closing Legal in My State?
E-closing your conventional, FHA, VA, or jumbo loan with a remote online notarization (RON) is legal in most states as of 2026. In states without a RON law in effect, hybrid e-closing is still generally available: most documents are signed digitally, and a small subset requires a traditional wet ink signature in person. California is… 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 Credit Score Do I Need for a VA Loan?
The Department of Veterans Affairs sets no minimum credit score for a VA loan. That requirement comes from individual lenders. Lenders add their own credit score… Read more
-
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
-
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
-
VA Loan vs. FHA Loan: Which Is Better?
If you’re eligible for a VA loan, the combination of 0% down and no ongoing mortgage insurance is hard for any other loan type to match,… Read more
-
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
-
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
-
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
-
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
-
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
-
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
-
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
-
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