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debt to income ratio

How to Get a Mortgage Pre-Approval

October 20, 2021 90 days, approval letter, bank statements, business days, buying a home, checked your credit, credit card, credit reports, credit score, debt to income ratio, home loans, house hunting, interest rate, loan amount, mortgage application, mortgage loans, mortgage rates, preapproval letter, tax returns

House hunting may be one of the most enjoyable parts of buying a home. However, you might find that you have even more fun when you go the extra mile and get pre-approved for a mortgage first.  Getting a pre-approval may help you feel more confident going into the home buying process because you’ll know […]

How Much of Your Income Should You Spend on Your Mortgage?

October 13, 2021 28/36 rule, afford to spend, buy a home, debt including, debt payments, debt to income ratio, fha loan, financial decisions, front end ratio, interest rate, lenders typically, monthly mortgage payment, mortgage calculation, mortgage lender, mortgage loan, principal interest taxes and insurance, real estate, rule of thumb, student loans

What percentage of income should go to mortgage payments?  It’s a good question, particularly when you’re ready to buy a home for the first time. Just like other important financial decisions, you want your monthly mortgage payment to fit seamlessly into your lifestyle.  Morty can help you determine what you can comfortably afford to spend […]

What Credit Score is Required to Buy a House?

October 12, 2021 apply for a mortgage, buy a home, buy a house, conventional loan, Credit History, credit reports, credit scores, debt to income ratio, fha loan, good credit score, higher credit score, improve your credit score, insured by the federal housing administration, loan types, mortgage loan, mortgage rates, qualifying for a mortgage, usda loan, va loan

When you’re getting ready to buy a house, your lender will want to see your credit score, a three-digit number that represents how well you pay back debt.  Before you apply for a mortgage, keep in mind that your credit score represents one of the most important aspects of qualifying for a mortgage, but it’s […]

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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