View our Press Release on Modification Tips: The Truth About Lending provides free consultations for homeowners as questions loom over loan modifications. “I have the unfortunate experience of being an expert in this field during the crash in 2008. I have given honest and ethical advice on this matter for many years.” — Melinda Payan […]
Weekly Initial Jobless Claims will once again be a key data point to look for when it releases as usual on Thursday. The rest of the week is equally busy. On Tuesday, we’ll get a read on how the consumer is feeling via Consumer Confidence for April, while first quarter GDP releases Wednesday. In housing […]
You may be considering taking advantage of these historic low interest rates by refinancing your mortgage to lower your monthly payment, consolidate debt, save years of payments, or pull cash out for a cushion. The Mortgage Industry is doing an excellent job of processing transactions under shelter in place. But it’s more important than ever […]
The numbers are in for Initial Jobless Claims … and, as anticipated, they aren’t pretty. Initial Jobless Claims showed that 6.6 million individuals filed for unemployment benefits for the first-time in the latest week. This was much higher than most estimates and almost double the previous report. And these numbers will continue to climb, as […]
The Bureau of Labor Statistics (BLS) reported that there were 701,000 job losses in the month of March, which was much worse than expectations of approximately 150,000 losses. There are two reports within the Jobs Report, the Business Survey, where the headline job number comes from and the Household Survey, where the Unemployment Rate comes […]
Should you wait for rates to drop before refinancing? That’s a question that we hear quite often. Rates have been trending lower and there’s a lot of speculation that the Fed will cut rates further. It’s important to remember that the Fed does not control mortgage rates, they control the Fed Funds Rate…and the two […]
The Covid-19 Coronavirus has led to some challenging times for all of us. The Government has created the CARES Act to assist homeowners whose income may have been adversely impacted by the coronavirus. One of the components of the CARES Act is the possibility of mortgage forbearance. Forbearance is often misinterpreted. Many people are mistakenly […]
You have probably heard that the Federal Reserve, also known as the Fed, has cut interest rates to ZERO on the Fed Funds Rate. There is a big difference between the Fed Funds Rate, which can change day-to-day, and a Mortgage Rate, that can stay in place for 30-years. Mortgage Rates are normally based on […]
Right now mortgage rates are near the lowest levels we have ever seen. There’s a good chance that we may be able to refinance your current mortgage into a lower rate and save you a meaningful amount of money each month. But did you know that you can also use your mortgage as a vehicle […]
Buying a home is one of the biggest and most complicated purchases you will ever make, but that doesn’t mean you need a large down payment to do so. It is a common belief that you need to put 20% down to buy a home, however this isn’t the case. The truth is, there are […]
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The Truth About Lending Announces Initiative to Educate and Advocate for the Hispanic Community
View our Press Release: “As the first generation American born …
The Truth About Lending Urges Congress to Clarify Consumer Education for Loan Modifications
UPDATE: 05.14.20 11:08 AM: The FHFA announces wonderful changes because …
What to Look for This Week May 4, 2020
The labor sector will be the main focus of the …
What To Expect When Buying Buying a house is a very tedious process, and you need a reliable team to guide you through this process. There are several benefits to using us, and we will always tell you The Truth About Lending.
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