Tips, trends and insights for homebuyers like you.
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Second Home Mortgage Requirements: The 5 Things Lenders Check
By: Tomo Mortgage Staff Reviewed by: Jeffrey Kriebel, Senior Loan Advisor | NMLS #30073 November 6, 2026 To qualify for a second home mortgage, lenders check five things: how you’ll use the property, your down payment, your debt-to-income ratio, your credit, and the savings you’ll have left after closing. Eligible conventional loans may allow a… Read more
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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
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What is the best place to get a home loan?
Choosing the right lender can make all the difference in your home-buying experience. With numerous options available, understanding what each lender offers is crucial. Here, we’ll… Read more
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What’s considered a good mortgage interest rate?
A “good” mortgage rate depends on your loan type, credit score, and what the market’s doing right now. Here’s how to know if the rate you’re… Read more
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Can you really buy a house with an LLC and rent it to yourself?
Yes, you can buy a home with an LLC and rent it to yourself, but there are real tax and legal implications. Here’s how it works… Read more
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What are real estate taxes, and why do I have to pay them?
Real estate taxes (also called property taxes) are what help keep local services—like schools, roads, and public safety—up and running. They aren’t optional; it’s how your… Read more
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What is a “lock” in the mortgage world?
Locking in a mortgage rate is a strategic move that can secure a set interest rate for a specific period—helping to protect you from potential rate… Read more
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Can You Switch Mortgage Lenders Before Closing? Yes — Here’s How
You can switch mortgage lenders at almost any point before closing, and sometimes it makes financial sense to do it. Here’s what to know about timing,… Read more
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Understanding guaranteed loans: benefits, types, and requirements
So, what exactly is a guaranteed loan? At its core, a guaranteed loan is a mortgage backed by a government agency like the FHA (Federal Housing… Read more
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What to expect when you hear the term loan servicing
So, you’re diving into the world of homebuying, and you keep hearing the term “loan servicing.” What’s the deal with that? What is loan servicing anyway?… Read more
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How to get a fair deal on a mortgage—what lenders try to hide in a Loan Estimate
Right now, about 9 in 10 home buyers in America pay too much for their mortgage. Without knowing it, people pay steep fees and higher rates… Read more
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Who Is the Grantor on a Mortgage?
The grantor is the person transferring ownership of the property — typically the seller. Here’s how grantor role works in a real estate transaction and how… Read more
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Seller concessions: a quick guide for homebuyers
If you’re exploring the homebuying process, you’ve probably heard the term “seller concessions.” But what does it mean, and how can it benefit you as a… Read more
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How is the interest rate on a home loan calculated?
Navigating the world of home loans can feel like trying to solve a Rubik’s Cube blindfolded (yikes,) especially when it comes to understanding interest rates. But… Read more