We recently launched the Closing Date Promise, our commitment to making sure Morty customers’ closings happen on time. The below explains why closings can be such a pain and what to watch out for. A closing date is the date...
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Let's GoIt’s just a few days before your loan is scheduled to close. Your lender suddenly sends you their closing disclosure: a hefty document that highlights the terms of your loan and all the costs that come with it. At a...
The mortgage industry is filled with jargon that can overwhelm and confuse the best of us. Perhaps no two terms are easier to muddle than mortgage broker and mortgage lender. Understanding their differences and where they overlap can be a...
Whenever you evaluate loan options, one of the first things you’ll see is each of their interest rates and annual percentage rates (APR). It’s easy to conflate the two. After all, they’re both shown as percentages, and their figures are...
The first time you buy a home, you’ll probably run across a fair number of mortgage-industry terms that you haven’t encountered before. If you find yourself stumbling a bit on terms you don’t know or acronyms you don’t understand, you’re...
We wanted to thank our friends over at Lemonade—a licensed insurance carrier that offers homeowners and renters insurance powered by AI—for their help in writing this article! The process of searching for and getting a Mortgage might seem confusing and...
You’re almost there, future homeowner! You’ve made a successful offer and sorted out your financing. Your future home appraised well, and it cleared a title search. Now, it’s time for your final walkthrough: one last look around before you officially...
Letting folks know that you’re looking to buy your first home can open a floodgate of unsolicited advice from friends and loved-ones. Your Aunt and Uncle bought their home during the Reagan administration, but are now suddenly experts on real...
A variety of emotions can motivate homebuyers. Painful factors may include job relocation or a parent moving in due to illness. Some are driven by the hope of promise: an impending family or a dream being realized. One thing most...
Millennials are expected to form 20 million new households by 2025. That indicates a major shift for many 18-34-year-olds: from renting to owning a home. Renters typically need to come up with first, last, and security deposit lock in a...
Pros and Cons of Buying a Home in Spring, Summer, Fall, and Winter Spring and summer months bring an influx of potential homebuyers. In warmer months, the trees are blooming. Birds are singing. You are not shivering and wearing forty-five...