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 agreed upon by the home seller, home buyer, and all of the other relevant participants in a transaction that marks the end of the home buying journey. … [Read more...] about 6 Annoying But True Reasons Closing Dates Move
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Your Final Walkthrough: What to Look For and When to Put on the Brakes
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 close this deal. The point of a final walkthrough is to check that the home you’re purchasing is in the condition you expect … [Read more...] about Your Final Walkthrough: What to Look For and When to Put on the Brakes
5 Ways Closing on Your Mortgage Can Go Wrong (plus ways to deal)
This time next year, you could be standing in the doorway of your very own home. That is, of course, if can you avoid the pitfalls and perils that sometimes befall unwary would-be homeowners on the way to closing. Here are a few potentially scary scenarios that might already be keeping you up at night if you’re close to becoming a homeowner. But never fear: with a level … [Read more...] about 5 Ways Closing on Your Mortgage Can Go Wrong (plus ways to deal)
Want to Close Your Mortgage Quickly? Here are 6 Things You Should Do.
Maybe you’ve heard horror stories about mortgages gone wrong—particularly when mortgages don't close quickly. Homebuyers stuck in living-in-a-hotel-limbo because they underestimated the length of time it would take to finalize their mortgage. The seller who backed out of a deal because the buyer’s mortgage lender was taking too long. A delayed application leading to higher … [Read more...] about Want to Close Your Mortgage Quickly? Here are 6 Things You Should Do.
Closing Costs, Explained
Fees and expenses associated with finalizing a real estate transaction are called closing costs. Many first-time homebuyers are surprised to find out that closing costs are a thing at all. Then, they're doubly-surprised to learn just how much of their home buying budget is going to go towards closing costs. It’s not unusual for closing costs to total 2% to 5% of the selling … [Read more...] about Closing Costs, Explained
