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?
conventional loans
How Much Down Payment to Buy a House?
When you want to buy a home, you may not know all the details involved, including how much of a down payment you need. When it comes to mastering a task, such as learning to ride a bike or learning about investments, someone may have taught you. It's the same with buying a house, so let Morty guide you. So, how much down payment for a house? We'll … [Read more...] about How Much Down Payment to Buy a House?
What is an FHA Loan? Everything You Need to Know
As you read through our homebuyer's guide, you may wonder which home loans could work best for you. A conventional loan, the most common type of non-government backed loan, requires you to have a minimum credit score of 620. Your credit score is a three-digit number that comes from your credit reports and creditors (such as your credit card company or student loan … [Read more...] about What is an FHA Loan? Everything You Need to Know
