Tips, trends and insights for homebuyers like you.
Filter by:
-
What Is a 2-1 Buydown? Payments, Cost, and When It’s Worth It
Key takeaways How a 2-1 buydown works A 2-1 buydown temporarily lowers the principal and interest portion of your mortgage payment for two years. Your payment is calculated as if your interest rate were 2 percentage points lower in the first year and 1 percentage point lower in the second. Starting in year three, you… 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
-
Conventional loans 101: an insider’s guide to standard home financing
A conventional loan is like the old reliable of mortgages—provided by private lenders (not the government), it’s straightforward, flexible, and widely used. If FHA, VA, and… Read more
-
Will home prices ever drop?
OK, homes are really, really expensive right now. Affordability is rough in cities like Denver or Washington DC but even across the country home prices rose… Read more
-
Better to buy now or wait for rates to drop? We’ve got the answers.
Let’s be real—interest rates matter. Even a small percentage change can make a huge difference over time. For instance, on a $400,000 loan, a 6% interest… Read more
-
Jumbo loans unpacked: the need to know before borrowing big
A jumbo loan is your go-to mortgage if you’re aiming for a property that goes beyond the standard limits. These loans exceed the conforming loan limits… Read more
-
Closing disclosure? What’s that?
The Closing Disclosure is a document that spells out every last cent and every commitment you’re about to make before you officially become a homeowner. Here’s… Read more
-
Want a lower rate? Here’s when you can refinance your home
The best time to refinance your home depends on a combination of personal factors and market conditions. Here are some key indicators that it might be… Read more
-
Wait… I can use my 401(k) to buy a house?
Yes, you can tap into your 401(k) to buy a house, but it’s not something to jump into lightly. There are some real trade-offs you should… Read more
-
Why the Fed doesn’t actually change your mortgage rates
Reading this title, you might be thinking, “What? The Fed doesn’t change my rates? Yeah, right!” And that’s totally fair—it’s hard to ignore the constant buzz… Read more
-
Will mortgage interest rates go down?
Here’s the scoop: Interest rates are always on the move, which can make it tricky to figure out the right time to lock in a mortgage… Read more
-
What is a physician mortgage loan?
A physician mortgage loan is a type of mortgage intended for doctors and similar high-income medical professionals. It is designed to accommodate their financial circumstances, often… Read more
-
HOAs: the good the bad the ugly
If you’re eyeing a neighborhood with well-manicured lawns and pristine amenities, chances are it’s run by an HOA — homeowners association. Basically, it’s a group of… Read more
-
What exactly is a remote closer in mortgage?
A remote closer (sometimes known as a mobile notary) handles the final steps of closing a mortgage deal, but they do it all virtually. They make… Read more