Tips, trends and insights for homebuyers like you.
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What is Private Mortgage Insurance (PMI)?
Private mortgage insurance (PMI) is a policy your lender requires when you put down less than 20% on a conventional loan. It protects the lender if you stop making payments. PMI typically costs between 0.46% and 1.5% of your loan amount per year. It’s not permanent, you can request that your loan servicer cancel PMI… 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 mortgage protection?
Mortgage protection is essentially a safety net for homeowners. It’s one type of insurance that steps in if life throws an unexpected curveball—whether that’s death, disability,… Read more
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Cornerstone Home Lending vs. Rocket Mortgage
On the hunt for a home loan? Rocket Mortgage is surely on your radar, and if you’ve done some shopping you may have heard of Cornerstone… Read more
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Mortgage modification vs. refinancing: what’s the difference?
If you’re thinking about changing up your mortgage—great, you’re in the right place! But before you dive in, let’s clear up the confusion between mortgage modification… Read more
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What is a hard money loan?
A hard money loan is a type of short-term financing secured by real estate. Typically issued by private investors or companies, these loans are based on… 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