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What Happens If the Appraisal Comes In Low? - The Truth About Mortgage

The Truth About Mortage
Mortgage Resource
1 year ago

With home prices dare I say a little frothy these days, low appraisals are becoming a concern again for home,.. Read More;

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Down Payment Assistance Programs May Be Affected by Federal Funding Pause - The Truth About Mortgage

The Truth About Mortage
Mortgage Resource
1 year ago

While it appears that Trump’s funding freeze won’t affect home buyers who use a government-backed mortgage, there’s now another concern.,.. Read More;

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Trumps Funding Freeze Causes Uncertainty for Government-Backed Mortgages - The Truth About Mortgage

The Truth About Mortage
Mortgage Resource
1 year ago

Yesterday, President Trump released a memo calling for the temporary pause of grants, loans, and other financial assistance programs. The,.. Read More;

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Trump May Get His Wish of Lower Mortgage Rates Granted, But Not for the Right Reasons - The Truth About Mortgage

The Truth About Mortage
Mortgage Resource
1 year ago

Last week, President Donald Trump demanded that “interest rates drop immediately” while addressing the World Economic Forum in Davos, Switzerland,.. Read More;

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Existing Home Sales Fall to Lowest Level Since 1995 - The Truth About Mortgage

The Truth About Mortage
Mortgage Resource
1 year ago

To say it’s been a bad 12 months for home sales would be a massive understatement. Today, the National Association,.. Read More;

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FHA Life of Loan Premiums Might Be Scrapped Under Trump - The Truth About Mortgage

The Truth About Mortage
Mortgage Resource
1 year ago

Well, we’re just one day into Trump’s second term and there are already rumblings of new residential housing policy. While,.. Read More;

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Mortgage Rates Begin Above 7% to Start Trumps Second Term in Office - The Truth About Mortgage

The Truth About Mortage
Mortgage Resource
1 year ago

Well, President Donald Trump is officially back in office after the long-awaited inauguration took place today in Washington D.C. He,.. Read More;

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WaFd Bank Exits Single-Family Mortgage Lending Business - The Truth About Mortgage

The Truth About Mortage
Mortgage Resource
1 year ago

Welp, another day in 2025, another mortgage lender calling it quits. This time it’s depository Washington Federal Bank, or WaFd,.. Read More;

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Mortgage Rates Get Boost from Bessent and Soft Economic Data - The Truth About Mortgage

The Truth About Mortage
Mortgage Resource
1 year ago

As I’ve said before when talking about mortgage, what a difference a week makes. Or even a couple days. If,.. Read More;

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What Is a Letter of Explanation? Your Chance to Talk to an Underwriter

The Truth About Mortage
Mortgage Resource
1 year ago

Mortgage Q&A series: “What is a letter of explanation for a mortgage?” If you’re currently going through the joyful process,.. Read More;

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What Is a 3/1 ARM? A 30-Year Loan That's Only Fixed for the First Three Years

The Truth About Mortage
Mortgage Resource
1 year ago

If you haven’t been feeling 30-year mortgage rates recently, maybe an ARM could suit you better. This is especially true,.. Read More;

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Can You Refinance a Home Equity Loan or a HELOC? - The Truth About Mortgage

The Truth About Mortage
Mortgage Resource
1 year ago

With second mortgages like home equity loans and home equity lines of credit (HELOCs) growing in popularity lately, I figured,.. Read More;

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