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…
When you first embarked on the journey of buying a home, you likely turned to online resources for preliminary insights. Perhaps you pondered the information you’d need to share with a lender or mortgage broker as part of the…
What is a Mortgage Pre-Approval? Getting a mortgage pre-approval from a broker or lender tells you how much you can borrow to purchase a home under certain conditions. Morty can pre-approve you in minutes, provided you meet certain eligibility…
What’s the Ideal Income to Mortgage Ratio? This is a crucial question, especially for first-time homebuyers, seeking the right balance as they step into homeownership. Much like other significant financial choices, the aim is to seamlessly integrate your monthly…
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…
What is a Mortgage Payment? At a basic level, you know the definition of a mortgage payment: the amount of money you pay toward your mortgage each month. But you may be wondering, what exactly is included in a…
How Much House Can I Afford? It’s often easiest to learn how much house you can afford by working backward from your monthly expenses, then determining how much you can afford to pay. In other words, add up your…