Morty has announced the latest expansion of its marketplace as it continues to meet the affordability needs of today’s homebuyers. Morty’s marketplace now offers FHA loans, providing customers with access to more flexible down payment and credit score requirements. This expansion reflects the evolving needs of homebuyers and advances Morty’s mission to be a single point of … [Read more...] about Affordability first: FHA loans now available
What major steps come to mind when you think about starting the process of buying a home? For many, it probably includes saving for a down payment, getting pre-approved for a mortgage and finding an agent to support the home search. But it’s important to know that this isn’t the only route to homeownership. In fact, an often-overlooked option is to enter into a rent-to-own … [Read more...] about How Does Rent-to-Own Work?
If you’ve ever applied for a mortgage loan before, you may have been surprised to find almost as many different types of mortgages as there are homebuyers. Or maybe you realized how complex it can be and leaned on a trusted advisor to guide you through it. Either way, knowing the loan options available to you enables you to choose a loan that best fits your needs. This … [Read more...] about What are the Most Common Mortgage Loan Types?
We’ve seen an increase in new construction loans recently as inventory remains at historic lows. But what happens if you were counting on 3% mortgage rates when they signed a contract over a year ago to purchase a home that still isn’t ready today? The price shock is real for many of these new construction homebuyers, but there are ways to help safeguard you from this … [Read more...] about To buy or not to buy: What rising rates mean for new construction loans
Homeownership is an enduring component of the American Dream – a benchmark Americans have measured success and well-being against for years. It can be a rite of passage into adulthood or preparation to start a family and continues to hold significant cultural weight. June marks the celebration of National Homeownership Month (NHM), dedicated to honoring those notions … [Read more...] about National Homeownership Month: 5 tips for Homebuyers in a Competitive Market