Mortgage: The Death Pledge
Mortgage: ‘mortuus’ meaning ‘dead’ and ‘gage’ meaning ‘pledge‘
There’s been a lot of hubbub about crypto-backed mortgages in the past 24 hours. But the excitement (of crypto enthusiasts) might be a little overdone. It’s time to explain. When it comes down to it, all that happened was FHFA Director Bill Pulte ordered Fannie Mae and Freddie Mac to...
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Published on: 2025-06-26
Source:
The Truth About Mortgage
In testimony to the House Financial Services Committee today, Federal Reserve Chair Jerome Powell said they haven’t cut rates this year because of the tariffs. And if there wasn’t the looming threat of inflation due to the tariffs, the data would say to keep cutting, as the Fed did in...
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Published on: 2025-06-25
Source:
The Truth About Mortgage
We’re excited to offer Fannie Mae’s HomeStyle® Renovation loan, now available for investment properties! Suppose you’re upgrading a single-family rental (SFR) for current tenants or preparing it for new occupants. In that case, this program provides funds for renovating, repairing, and refinancing all-in-one loan. Features of the HomeStyle Renovation Loan for Investment...
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Published on: 2025-06-24
Source:
Mortgage Depot
The nation’s second largest mortgage lender has launched a new bridge loan product to help buyers move before selling their existing home. It allows them to tap into their often enormous amount of equity while avoiding having to make a contingent offer. This could improve their odds of a winning...
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Published on: 2025-06-24
Source:
The Truth About Mortgage
While one may have worried that mortgage rates would move higher after the U.S. bombed Iran nuclear facilities, so far things have gone the other way. Perhaps it helped to have a day or two to assess the impact and the ramifications. One being the cost of oil, which could...
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Published on: 2025-06-23
Source:
The Truth About Mortgage
It’s no secret certain folks don’t like Fed Chair Powell. You may have heard of one of them, President Donald Trump, who refers to him as a “Too Late Powell.” He also calls him other names that I won’t repeat here. Now he’s got another strong critic in FHFA Director...
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Published on: 2025-06-20
Source:
The Truth About Mortgage
The big Fed decision yesterday was keeping rates unchanged. Everyone knew that was going to be the case and didn’t bat an eye. However, things are always a bit more interesting because we get to hear from the Fed Chair after they release their FOMC statement. Chair Powell actually touched...
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Published on: 2025-06-19
Source:
The Truth About Mortgage
In yet another mortgage tie-up, Guild Mortgage has agreed to be acquired by Bayview Asset Management. It’s pretty big news in the mortgage world because Guild was the 11th largest mortgage lender in 2024, per HMDA data. And ultimately not that far off from being in the top-5 nationally if...
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Published on: 2025-06-18
Source:
The Truth About Mortgage
I got to thinking that one way mortgage rates could come down is due to housing market weakness. The thought is layered in all types of irony because the Fed arguably raised rates back in 2022 due mostly to an overheated housing market. Back then, they knew the only way...
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Published on: 2025-06-18
Source:
The Truth About Mortgage
Lately, I’ve been highlighting loan programs beyond the 30-year fixed now that interest rates on fixed-rate mortgages are no longer favorable. Today, we’ll compare two popular loan programs, the 30-year fixed versus the 7-year ARM. Everyone is familiar with the traditional 30-year fixed – it’s a home loan with a...
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Published on: 2025-06-17
Source:
The Truth About Mortgage
Based at MortgageDepot’s Kew Gardens office, Sushant Batra brings a wealth of real estate experience and market insight to his role as a Mortgage Loan Originator. With a strong background as a successful Realtor in New York City, Sushant has spent years helping buyers, sellers, and renters navigate the housing...
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Published on: 2025-06-17
Source:
Mortgage Depot
It’s time to check out the top mortgage lenders in Georgia based on their 2024 home lending volume. These mortgage companies outranked about 960 other lenders in the state to take the top honors. Overall, about $60 billion in home loans was funded in The Peach State last year, making...
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Published on: 2025-06-16
Source:
The Truth About Mortgage
When purchasing or refinancing a home with an illegal accessory dwelling unit (ADU), understanding the appraisal requirements is crucial to ensure a smooth transaction. We work with borrowers and lenders to navigate these unique scenarios while maintaining compliance with lending guidelines. Can a Property with an Illegal ADU Qualify for a...
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Published on: 2025-06-16
Source:
Mortgage Depot
As if mortgage rates didn’t have enough problems lately, now they’ve got the threat of rising oil prices. And the inflation that could come with them, further pushing out any expected mortgage rate relief. While the price of oil has eased a bit after spiking Friday due to the Israel-Iran...
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Published on: 2025-06-16
Source:
The Truth About Mortgage
Mortgage rates came down after a softer-than-expected CPI print. But only a little bit. Instead of a 30-year fixed quote of 7%, you might see 6.875% instead. It’s not a big difference, but it does provide some savings as buyers grapple with poor affordability. Problem is rates continue to stay...
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Published on: 2025-06-12
Source:
The Truth About Mortgage
When you’re self-employed and applying for a mortgage, proving your income can be more complex than for traditional W-2 employees. If you receive income as a partner in a business (reported on a K-1 form from a 1065 or 1120S tax return), we need to verify stability and reliability before considering it...
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Published on: 2025-06-11
Source:
Mortgage Depot
We’re the team specializing in helping investors finance rentals throughout New Jersey using a mortgage alternative called a Debt Service Coverage Ratio (DSCR) loan. The truth is that the fast and competitive New Jersey property market doesn’t leave room for the 30-day to 90-day closings standard with ordinary home mortgages....
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Published on: 2025-06-04
Source:
Mortgage Depot
Brandon Budhai is a dedicated Mortgage Loan Originator known for his exceptional customer service, strong communication skills, and results-driven mindset. With a background in high-volume sales and client relationship management, Brandon brings a professional, consultative approach to every interaction—ensuring clients feel informed, supported, and confident throughout the mortgage process. Bilingual...
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Published on: 2025-05-29
Source:
Mortgage Depot
It’s the easiest budget category to bust: the grocery budget. One of my best money-saving tips is to shop at Aldi. I love Aldi! But Walmart is also known for low prices and their store-brand savings. Is Aldi cheaper than Walmart? I wanted to know where you’ll truly save the...
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Published on: 2025-05-28
Source:
Ramsey Solutions
It’s the dreaded B-word—budgeting. Unfortunately, the word budget has gotten a bad rap. But when it all boils down, a budget is just a plan for your money. And no matter what you’ve heard or thought about budgeting in the past, hear this: A budget doesn’t limit your freedom—it gives you freedom! It’s literally you taking control,...
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Published on: 2025-05-27
Source:
Ramsey Solutions
So, you want to start budgeting, or you want to budget better than you ever have before. You don’t want random numbers on a spreadsheet—you want a plan for your spending that you can actually stick to so you can take control of your money for real. First of all,...
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Published on: 2025-05-20
Source:
Ramsey Solutions