Morty Mortgage is an online broker that helps first-time homebuyers secure financing to purchase their home. They “securely package” the financial information that first-time buyers need to get financing and purchase their home so they can do it quick-and-easy once the time comes.
So, how does this financial start-up work? And, if you’re a first-time homebuyer would you want to use it? Let’s find out!
How Does Morty Mortgage Work?
Morty Mortgage offers an all-in-one platform for first-time homebuyers to go through the financial process when making a home purchase in a quick-and-easy manner so there’s less for them to worry about.
They’re there every financial step of the way so the process is easier and make sense (even if you don’t quite understand it). And they offer a four-step process to make it as understandable as possible.
Step One: Secure a Home Financing Score
Buying a home can be a complex and, quite frankly, expensive process. It’s really easy to get off-track by looking at your dream houses that you (sadly) can’t afford and Morty Mortgage wants to make this process as easy as possible for you.
With that in mind, they’ve set up a home financing score that helps you understand what you can and cannot afford. When you know this, you can easily cut houses out of your viewing list so you can concentrate on looking at homes you can afford.
Step Two: Secure Verified Pre-Approval
They take shopping for your first home with confidence one step further by helping you secure verified pre-approval. This takes only minutes to get and comes in the form of a downloadable letter. That way you not only know what you can afford but you can prove it.
They share that this tool is “100% accurate” and can give you an edge in competitive buying markets where it’s a race to get the best house!
Step Three: The Financial Closing Process
Morty Mortgage has set up an “expedited closing” process to make home-buying a breeze. To do this they package all of the financial documentation that you need into one secure profile.
They then take this information and find a lender that can provide a “loan that best fits your needs.” This saves you a lot of time in the long run, and according to Morty, money too!
Step Four: Get a Home Loan
Finally, you get your loan to purchase your new home! Morty Mortgage has a home loan marketplace where you can shop for and compare the best rates for your future home mortgage.
This helps you save money by securing a great price. And save time by ensuring you only have to look in one place for it!
Bonus: Mortgage Expert Access
Chances are, unless you’re a mortgage expert yourself, you don’t really know what you’re doing—financial or otherwise—when you’re purchasing your first home. Morty Mortgage understands that, so they offer their clients access to mortgage experts.
The experts can help first-time homebuyers understand their financial goals and work through them. They are there to provide financial advice throughout your home-buying process.
Should You Use Morty Mortgage?
Morty Mortgage might be the best home buying tool for you if you’re:
- Purchasing your first home
- Want to shop with confidence that you can afford what you’re looking with
- Are looking for an easy-to-use process
- Need some financial guidance while you make this decision
They’ve built this process with first-time buyers in mind and they’re ready to help you every step of the way.
Have you used Morty Mortgage? Share your experience in the comments below!
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Tae started out as a journalist before following the money into the corporate world. But it turns out that the grass isn’t always greener and now you can find her spending most of her time writing about all the things she loves. Namely, money, travel and business with a hefty dose of self-deprecating humor. She is a podcast fanatic, blogging aficionado and loves to find new ways to turn passions into cold hard cash!