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Closing process

Contingent vs. Pending: What’s the Difference?

May 24, 2022 Closing process, First Time Homebuyers, home search, mortgage, mortgage basics

While strolling through your neighborhood (or scrolling through online listings), you might see signs on homes that read “pending” or “contingent.” When a home you’ve been eyeing finds itself in either status, you may wonder if it’s now too late to buy. The two concepts can stir up a lot of confusion: What exactly do […]

What Does ‘Contingent’ Mean in Real Estate?

March 20, 2022 agent, appraisal, Closing process, inspections, mortgage payments, selling a home

While flipping through listing statuses online, you may come across the word “contingency” – just one of the many terms and acronyms that come up during the homebuying journey. But whether or not it applies to your homebuying experience, it’s a great idea to learn about this concept long before your final walkthrough.  In this […]

How Long Does it Take to Close on a House?

March 3, 2022 Closing process, down payment, inspections, loan type, mortgage basics

Few things compare to the fluttery feeling in your stomach the day you close on your home. After all, home loans often require homebuyers to have down payments and closing costs in hand — and those can be some hefty chunks of change!  You might be wondering how long it takes to reach various milestones […]

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Morty is a licensed mortgage broker. NMLS ID # 1429243. NMLS Consumer Access. All loans originated by Morty are funded by third party lenders. Morty, Inc. is authorized to do business as “Morty” in certain states. Morty is an equal housing lender.

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