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Homeowners Insurance: What is it and What Does it Cover?

February 6, 2022 additional living expenses, car insurance, costs to repair, covered loss, covers the cost, credit cards, damaged or destroyed, dwelling coverage, flood insurance, home insurance, insurance companies, insurance coverage, liability coverage, medical bills, pay to repair, personal liability, rebuild your home, repair or rebuild

What does homeowners insurance cover? It’s a question you want to answer before you’re knee-deep into buying your first home. Understanding the ins and outs of homeowners insurance before you purchase a home can help you find the best coverage possible. This article will offer some pointers on what to consider to find the right […]

Debt-to-Income Ratio: What is it and How is it Used by Lenders?

December 20, 2021 auto loan, calculate your debt, calculating your DTI, child support, credit card debt, credit card payments, credit cards, credit report, credit score, credit utilization ratio, debt consolidation, financial health, gross monthly income, high interest, monthly bills, mortgage lenders, mortgage payments, personal loans, products and services, qualified mortgage

When you are thinking about buying a house, you’re probably envisioning the memories you’ll make in your new home, the great family dinners and nights hanging out with friends. Your thoughts may not initially stray into terms like “debt-to-income (DTI) ratio” or “credit score.” You will be more familiar with terms like these as you […]

What is Cash-Out Refinancing and When is it a Good Option?

December 20, 2021 cash out refinance works, cash out refinancing, credit cards, credit score, equity in your home, equity lines of credit, higher interest rate, home equity lines, home equity loans, home loan, loan terms, lump sum, mortgage lender, mortgage loan, mortgage rate, mortgage refinance, personal loan, real estate, refinance calculator, student loans

What would you do with some extra cash in your pocket? Wipe out your credit card debt once and for all? Update your kitchen? Finally finish your basement? Pay off high-interest student loans or personal loans? Refinancing your mortgage with a cash-out refinance means you might get to check off all the boxes on your […]

How to Refinance a Mortgage Step by Step

November 5, 2021 adjustable rate mortgage arm, adjustable rate mortgages, break even point, cash out refinance, closing costs, credit cards, credit score, equity in your home, fixed rates, loan amount, monthly payments, monthly savings, mortgage loan, products and services, refinance calculator, refinance options, refinance rates, refinancing your mortgage

You may have noticed that mortgage rates have gone down compared to when you bought your home years ago.  Or maybe you’d like to change your loan term. Maybe you’d like to switch to a 15-year mortgage from a 30-year mortgage. On the other hand, you may have a 15-year mortgage as your existing mortgage […]

How to Calculate Your Mortgage Payment

October 7, 2021 20 down payment, buying a home, closing costs, credit cards, credit score, debt to income ratio, fixed rate mortgage, home loan, home price, loan amount, loan term, monthly mortgage payment, mortgage calculator, mortgage lender, mortgage loan, number of years, payment calculator, principal and interest, real estate

When shopping for your mortgage or refinancing your mortgage, one of your top-of-mind questions probably sounds a lot like: “What will my monthly mortgage payment be, and how will it fit into my budget?”  Your loan amount, principal, interest, term and more play into your monthly payment amount. You will want to feel comfortable making […]

How Much House Can I Afford?

September 14, 2021 30 years, buying a home, car loans, closing costs, credit cards, credit score, debt to income ratio, fha loans, gross monthly income, home affordability calculator, housing budget, how much house can i afford, monthly mortgage payments, mortgage loans, mortgage payment, mortgage rates, purchase price, real estate, total monthly debts, va loans

When buying a home, one of your first thoughts probably turns to the following question: “How much house can I afford?”  You may wonder how large of a house you should and can purchase (especially when buying your first home). It’s one of the most important questions you can ask, because you want to feel […]

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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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