Tag Archives: credit score

Financial Literacy Resource Roundup

Part of Homebuying 101

Achieving financial literacy is an important goal for anyone who wants to take control of their finances and put themselves on a path to long-term financial wellness. And, it’s especially so for homebuyers in today’s market. “As rates have risen…

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National Homeownership Month: 5 tips for Homebuyers in a Competitive Market

Homeownership is an enduring component of the American Dream – a benchmark Americans have measured success and well-being against for years. June marks the celebration of National Homeownership Month (NHM), dedicated to honoring those notions and celebrating the ways homeownership benefits families and communities across America.

What is Mortgage Insurance and How Does it Work?

Part of Homebuying 101

When shopping for your mortgage, you may already know some of the one-time costs involved, such as down payment and closing costs. But there are also some recurring costs — like mortgage insurance — that you should get familiar with,…

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National Homeownership Month: 5 tips for Homebuyers in a Competitive Market

Homeownership is an enduring component of the American Dream – a benchmark Americans have measured success and well-being against for years. June marks the celebration of National Homeownership Month (NHM), dedicated to honoring those notions and celebrating the ways homeownership benefits families and communities across America.

Then and Now: The State of Female Homeownership

Part of Customer Stories

In recent years, women have become a powerful force in homebuying, comprising 19% of homebuyers in the U.S. But this hasn’t always been the case as historically, women and other minority groups have faced systemic discrimination in housing. While women…

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It Actually Pays to Shop For Your Mortgage

Shopping and comparing mortgage rates helped this Pennsylvania homebuyer receive the best possible deal from Morty Thanks to technology, comparison shopping has become more common than ever. From browsing flights to comparing deals on a single pair of headphones, we...

How to Avoid PMI (Private Mortgage Insurance)

Part of Homebuying 101

If you’re shopping for a mortgage, you may have already identified a few things you have to budget for, such as a down payment and closing costs. But if you opt for a conventional mortgage – mortgage loans not backed…

Next Up!
National Homeownership Month: 5 tips for Homebuyers in a Competitive Market

Homeownership is an enduring component of the American Dream – a benchmark Americans have measured success and well-being against for years. June marks the celebration of National Homeownership Month (NHM), dedicated to honoring those notions and celebrating the ways homeownership benefits families and communities across America.

What is a Jumbo Mortgage? Everything You Need to Know

Part of Homebuying 101

You’ve found your dream home: perhaps it’s in that ideal neighborhood, has a spacious kitchen, a spa-like bathroom, and a sprawling yard with flawless landscaping. But that perfect match may also come with a hefty price tag. When it comes…

Next Up!
National Homeownership Month: 5 tips for Homebuyers in a Competitive Market

Homeownership is an enduring component of the American Dream – a benchmark Americans have measured success and well-being against for years. June marks the celebration of National Homeownership Month (NHM), dedicated to honoring those notions and celebrating the ways homeownership benefits families and communities across America.

What is APR (Annual Percentage Rate) And How Does it Impact Homebuying?

Part of Homebuying 101

You may have heard of the term “annual percentage rate (APR)” but might not understand exactly what it means.  But just like other important mortgage terms like rate lock, it’s important to understand APR from top to bottom because it…

Next Up!
National Homeownership Month: 5 tips for Homebuyers in a Competitive Market

Homeownership is an enduring component of the American Dream – a benchmark Americans have measured success and well-being against for years. June marks the celebration of National Homeownership Month (NHM), dedicated to honoring those notions and celebrating the ways homeownership benefits families and communities across America.

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

Part of Money Matters

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)…

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What to keep an eye on as home sales fall and prices rise

Existing home sales fell 3.4% in May while the median home price rose above $400,000 for the first time, according to data just released by the National Association of Realtors (NAR). Despite the headlines, these numbers aren’t necessarily a reason to panic.

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

Part of Money Matters

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…

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What to keep an eye on as home sales fall and prices rise

Existing home sales fell 3.4% in May while the median home price rose above $400,000 for the first time, according to data just released by the National Association of Realtors (NAR). Despite the headlines, these numbers aren’t necessarily a reason to panic.

What is Mortgage Forbearance and is it a Good Idea?

Part of Money Matters

Have you ever gotten a bill and immediately wondered how you’ll come up with the money to pay for it? It’s a common situation, especially when you experience financial hardship or an unfortunate job loss. It’s a good rule of…

Next Up!
What to keep an eye on as home sales fall and prices rise

Existing home sales fell 3.4% in May while the median home price rose above $400,000 for the first time, according to data just released by the National Association of Realtors (NAR). Despite the headlines, these numbers aren’t necessarily a reason to panic.