Tips, trends and insights for homebuyers like you.
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What happens after you submit your mortgage application
Once you submit your application it goes to underwriting. Underwriting is about making sure the details of your loan, the property, and your financial situation align with and meet standards set by organizations like Fannie Mae and Freddie Mac. These organizations help keep the mortgage market stable by buying loans from lenders and backing mortgage securities. Now, 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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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
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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
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What’s a mortgage title, and what’s it to you?
The mortgage title is basically your proof that you own your house. It’s the legal document that says, “This property is officially yours.” It also covers… Read more
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What’s the typical down payment on a house?
So, you’re ready to take the leap into homeownership, and onto the wealth building ladder of real estate… but first, let’s talk about one of the… Read more
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What is a pre approval letter? Your must-have for home buying success
Strap in! Before you kick off your house hunt, there’s one essential document you absolutely need: the pre approval letter. What is it, and why should… Read more
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Why do mortgage lenders track all deposits?
Good question! Lenders are all about making sure you’re financially solid and that your money is legit. They want to see that your cash flow isn’t… Read more
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VA vs. conventional loans: which is better?
Choosing the type of loan that makes the most financial sense for you can be daunting for first time homebuyers and repeat purchasers alike. There’s some… Read more
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Why do you need a license to talk about interest rates?
Ever wonder why someone needs a license to talk about interest rates? Yeah, it sounds like just another layer of bureaucracy, but it’s actually super important.… Read more
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Is there a first-time homebuyer loan?
In short, no. There is not one uniform first-time homebuyer loan. But there are several options designed to benefit first-time buyers: What type of loan do… Read more
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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
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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
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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