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How to Buy a House With No Money Down in 2022

January 3, 2022 buy a house, buying a home, credit scores, department of agriculture, department of veterans affairs, fha loans, home loans, house with no money, income limits, Interest Rates, loan amount, moderate income, mortgage insurance premiums, mortgage lenders, payment mortgages, primary residence, require a down payment, rural area, service members

Not parting with a chunk of change in the form of a down payment to buy a house — sounds like a dream, right? If you get the chance to put no money down for a home, you might feel as if you have the best of both worlds: a dream home without  your wallet […]

How Do You Shop Around for a Mortgage?

December 20, 2021 applying for a mortgage, buy a home, closing costs, credit histories, credit report, credit scores, credit union, fha loans, fico scores, home loan, homeowners insurance, life of the loan, loan amount, loan estimate, loan offers, loan products, loan term, mortgage brokers, pre approval, rates and fees

Does shopping for a mortgage get your nerves in a tangle or give you little fizzes of excitement?  The reality of shopping for a mortgage is that it will feel different than poking through online listings, driving around suitable neighborhoods or talking through real estate “how-tos” with a real estate agent. Shopping for a mortgage […]

How Much Down Payment to Buy a House?

November 29, 2021 20 down payment, buy a home, buy a house, closing costs, conventional loans, department of veterans affairs, fha loans, home loan, loan amount, loan programs, minimum down payment, monthly mortgage payment, mortgage loan, payment amount, payment loan, payment requirements, private mortgage insurance pmi, put 20, real estate

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 […]

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 […]

Home Equity Loan: Everything You Need to Know

October 22, 2021 closing costs, credit score, draw period, equity in your home, equity lines of credit, equity loan, fixed interest rates, home as collateral, home equity lines, interest rate, line of credit, lines of credit helocs, loan amount, lose your home, rate loan, repay the loan, repayment period, type of loan, variable interest rates

When you’re first getting a mortgage, you might not think ahead to getting a home equity loan, though some homebuyer’s guides may cover them. However, as your life evolves, you may find you need to borrow from the equity you have in your home. Your home can offer more than just a place to live […]

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 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 Are Closing Costs?

October 6, 2021 average closing costs, buy a home, discount points, escrow account, home loans, home sale, homeowners insurance, lenders charge, loan amount, loan estimate, origination fees, pays closing costs, property taxes, purchase price, recording fee, title insurance, title searches, transfer tax, vary widely

As a potential brand-new homeowner, your first thoughts might turn toward the amount you’ll pay for your monthly mortgage payments. But have you considered how much you’ll have to pay for the down payment or closing costs for your home loan? Generally, you’ll have to pay closing costs when you purchase a home — no […]

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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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