Tips, trends and insights for homebuyers like you.
Filter by:
-
How to Rate Shop for a Mortgage Without Hurting Your Credit Score
Shopping multiple mortgage lenders does not multiply the hit to your credit score. Under current FICO scoring models, multiple mortgage-related hard inquiries made within a 45-day window count as a single inquiry, not one penalty per lender. Some older FICO versions still in use by certain lenders shrink that to 14 days, and VantageScore uses… 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
-
The savings guide: how much to save for your first home
Saving for your first home can feel like a daunting task. With rising prices and the many costs associated with homeownership, it’s easy to get overwhelmed… Read more
-
What is a second mortgage?
A second mortgage is basically another loan against your home after you’ve already taken out your first mortgage. It lets you tap into the equity you’ve… Read more
-
Moving day: mastering the chaos
How do I handle the actual move like a pro? Confirm your movers’ ETA, and make sure everything’s boxed up, labeled, and ready to roll. Keep… Read more
-
What should I tackle before moving into my new home?
Here’s your pre-move game plan Pre-move Pre-closing Post-move If you’re ready to start your journey to homeownership, get pre approved with Tomo Mortgage today. Read more
-
What is a home appraisal and how much does it really cost?
So you’re about to buy a house and you’ve heard about this thing called an appraisal. What’s it all about, and how much is this going… Read more
-
Do I need to worry about a home inspection?
A home inspection is like getting a checkup for the house you’re about to buy. A licensed inspector goes through all the critical stuff—foundation, roof, plumbing,… Read more
-
Is an FHA loan a good idea?
For some people, an FHA loan can be a golden ticket to home ownership. It’s backed by the Federal Housing Administration (ie, the FHA) and it’s… Read more
-
How do interest rates work? Understanding how mortgage companies make money
You’re paying to borrow. When you take out a mortgage, you’re borrowing a large sum from the bank or lender. The interest rate is essentially their… Read more
-
Does finding the lowest APR guarantee the best loan?
Lenders are going to show you multiple numbers when they give you a quote—the interest rate, the APR, the points (or costs for points), and fees.… Read more
-
Do I need a realtor to buy a house? Pros and cons of DIY home buying
Long story short, no, you do not need a realtor to buy a home. However, when looking at the pros and cons of having a realtor,… Read more
-
Are closing costs a good way to pick a lender?
Maybe. Be careful about what you’re comparing. While it’s easy to focus on the total cash needed to close, it’s not the most reliable way to… Read more
-
What’s the average age of a first-time homebuyer?
You might be asking: if I don’t own a home by the time I’m 30 am I totally failing at life? We feel you, and no. … Read more