Mortgage: The Death Pledge
Mortgage: ‘mortuus’ meaning ‘dead’ and ‘gage’ meaning ‘pledge‘
After a very bumpy start to the week, mortgage rates are falling back toward 6% again. They jumped on Monday after an unexpected weekend strike took out Iranian leadership and led to a spike in oil prices. Instead of getting the typical flight to safety in bonds we see after...
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Published on: 2026-03-04
Source:
The Truth About Mortgage
We are expanding our commercial lending platform significantly. We’re now offering Fannie Mae Multifamily financing with loan amounts ranging from $1 million to $100 million. This is a transformative opportunity for investors, syndicators, and commercial property owners seeking long-term, stable financing for multifamily assets nationwide. A New Level of Multifamily Financing...
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Published on: 2026-03-04
Source:
Mortgage Depot
In a bid to drum up excitement for its new mortgage offering, Opendoor will apparently offer below-market mortgage rates to home buyers. Per an X post, Opendoor CEO Kaz Nejatian said they would offer a 4.99% 30-year fixed mortgage with no points or fees. That represents about a one percentage...
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Published on: 2026-03-03
Source:
The Truth About Mortgage
Typically, mortgage rates fall shortly after geopolitical incidents unfold. This time, they bounced higher on the Iran attack news, with 10-year bond yields climbing a big nine basis points on the day. That will result in higher 30-year fixed mortgage rates just days after a joint U.S.-Israeli operation took out...
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Published on: 2026-03-02
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The Truth About Mortgage
Sadly, there’s another conflict taking place, this time between the U.S., Israel, and Iran. It has already spilled over into neighboring Gulf countries, and has sent shock waves across the globe. Unfortunately, war, or even just a military strike, is not without its consequences. Aside from the human toll, there’s...
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Published on: 2026-02-28
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The Truth About Mortgage
Everyone wants lower mortgage rates. This is no secret. Ever since they surged higher in early 2022, we’ve wanted them to come back down. Their meteoric rise from 3% to 7%+ quickly eroded housing affordability and pushed the mortgage and real estate industries into recession. Home sales hit 30-year lows,...
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Published on: 2026-02-27
Source:
The Truth About Mortgage
I know we just recently got a 5-handle for the 30-year fixed after several years in much higher territory. But is it too soon to talk about 4% mortgage rates? The reason I ask is because I’m seeing some aggressive rate quotes that are already nearly there. So if we...
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Published on: 2026-02-26
Source:
The Truth About Mortgage
Nation’s Top Mortgage Lender Funded $163 Billion in 2025, a 17% Annual Increase Driven By Refinances
It was a good year for the largest mortgage lender in the nation, despite sticky-high mortgage rates. United Wholesale Mortgage (UWM), which works exclusively with mortgage brokers, funded a solid $163.4 billion in home loans during 2025. That was up roughly 17% from their 2024 total of $139.4 billion, likely...
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Published on: 2026-02-25
Source:
The Truth About Mortgage
We’ve expanded our approach to the three-year continuance requirement for distribution income. Meeting the 3-Year Continuance Requirement When a borrower uses distributions from a retirement account, we must verify that the account has sufficient funds to continue payments for at least 36 months. But what happens when the primary account doesn’t show enough...
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Published on: 2026-02-25
Source:
Mortgage Depot
File this one under: kind of bizarre. Home goods retailer Bed Bath & Beyond said it plans to offer mortgages soon, alongside its traditional offerings like bed linens and towels. It’s part of their strategy of becoming the “Everything Home Company.” In other words, they’ll be able to help you...
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Published on: 2026-02-24
Source:
The Truth About Mortgage
Just in time for the lowest mortgage rates since 2022, Chase has rolled out yet another mortgage rate sale. And this one applies to both home purchase loans and mortgage refinances, unlike past sales that only worked on one loan product or the other. While they don’t specify the rate...
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Published on: 2026-02-24
Source:
The Truth About Mortgage
It took a lot longer than expected, but we finally have a sub-6% mortgage rate! This according to the latest reading from Mortgage News Daily, which tracks mortgage rates each day. The widely-cited index hit 5.99% on the dot today as bond yields fell and the stock market crashed. Call...
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Published on: 2026-02-23
Source:
The Truth About Mortgage
Mortgage lender Rate has launched a new mainstream home loan product for borrowers with lots of crypto holdings. Known as “RateFi,” it allows so-called crypto-forward borrowers to qualify for a home loan without jumping through the usual hoops. The key benefit is it gives prospective home buyers (or refinancers) the...
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Published on: 2026-02-23
Source:
The Truth About Mortgage
Despite a week filled with lots of important news, mortgage rates did absolutely nothing all week. Which might speak to them being more entrenched at current levels. Or reinforce the idea that we’ll see “flat” mortgage rates in 2026. Whatever the theory, it doesn’t appear we’ll see a ton of...
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Published on: 2026-02-21
Source:
The Truth About Mortgage
Simple, Unsecured Financing for Home Upgrades Our Home Improvement Loan program is for homeowners who need fast access to capital for renovations, repairs, or upgrades, without using home equity and without refinancing their mortgage. This is not a mortgage. It’s an unsecured loan based on credit and income, making the...
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Published on: 2026-02-17
Source:
Mortgage Depot
Our borrowers can use IRA funds as income when applying for a mortgage. This financing option opens doors for retirees, self-employed borrowers, and individuals with substantial assets but limited reported income. Borrowers can now use funds from an Individual Retirement Account (IRA) to help qualify for a mortgage. These funds can...
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Published on: 2026-02-11
Source:
Mortgage Depot
Helen Chang is a dedicated Mortgage Loan Originator with a strong background in lending, banking, and client-focused financial services. With hands-on experience guiding clients from application through closing, she provides tailored mortgage solutions designed to meet both short-term needs and long-term financial goals. Known for her clear communication, responsiveness, and...
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Published on: 2026-02-09
Source:
Mortgage Depot
As a reputable mortgage broker, we excel at providing financing for real estate investors who flip properties for a living. We have programs for investors with experience and for those just starting in the business. Below are bullet points about our Fix-and-Flip mortgage program. Loan Amounts Up to $7.5 Million From single-family homes to...
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Published on: 2026-02-04
Source:
Mortgage Depot
We are excited to announce a powerful new conventional cash-out refinance option that allows qualified homeowners to access more of their home equity, up to 90% loan-to-value (LTV), without private mortgage insurance (PMI). This enhanced program is ideal for homeowners looking to consolidate debt, fund renovations, invest, or improve overall cash...
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Published on: 2026-01-27
Source:
Mortgage Depot
DSCR Investor 40-Year Loan Programs Now Available at MortgageDepot As investor needs continue to evolve, long-term financing options with aggressive qualification standards are more important than ever. Our Investor (DSCR) program delivers precisely that. What Is the Investor (DSCR) Loan? Our Debt Service Coverage Ratio (DSCR) Investor program allows borrowers...
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Published on: 2026-01-14
Source:
Mortgage Depot
Sometimes, a borrower may owe back taxes to the IRS; having an IRS installment agreement (or one that’s still pending approval) doesn’t automatically disqualify you from getting a mortgage. However, it does require specific underwriting calculations that we must apply to ensure accurate debt-to-income (DTI) ratios. Here’s How It Works...
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Published on: 2025-12-17
Source:
Mortgage Depot