Getting pre-approved for a mortgage is a huge first step—but it’s not a guarantee. Many buyers in 2025 are running into common roadblocks that can derail the homebuying process. According to Tony Hamblin, a mortgage expert at tmanmortgages.com, "We’re seeing the same issues come up again and again. The good news is, if you know what to watch for, you can avoid them."
According to Tony Hamblin, a mortgage expert at tmanmortgages.com, "Your credit score is one of the biggest factors lenders look at when reviewing your loan application. But the good news is, there are more flexible options than ever before."
Understanding PMI and Why It Exists Private Mortgage Insurance (PMI) is often an unwelcome surprise for first-time homebuyers, but it plays a significant role in today’s mortgage landscape. PMI is typically required when a borrower puts down less than 20% on a conventional loan. Lenders use PMI as a safeguard, protecting themselves in case the borrower defaults on the loan.
Understanding the True Cost of a Mortgage When shopping for a mortgage, most buyers zero in on one number: the interest rate. And while the rate significantly impacts your monthly payment and long-term interest costs, it’s far from the whole story. Many first-time and seasoned buyers alike are surprised by the additional fees that can come with financing a home.
