Morty’s online pre-approval isn’t like the pre-approval offered by your local bank, or by that mortgage guy your dad knows. Here’s how we’re different:<\/p>\n\n\n\n
We’ve Got Lots of Lenders, and We Do All the Legwork<\/h3>\n\n\n\n![\"pre-approval](\"https:\/\/morty-content-production.s3.amazonaws.com\/uploads\/2018\/07\/shutterstock_484729204-1024x698.jpg\")
<\/figure><\/div>\n\n\nThis is probably the biggest difference between a so-called pre-approval for a mortgage at your local bank and pre-approval with Morty. With Morty, the pre-approval gives you access to the entire network of lenders and programs that you qualify for without<\/em> any additional work on your part. This allows you to focus on the shopping and buying of your home and the actual important financial decisions that come along with finalizing and selecting your mortgage. <\/p>\n\n\n\nGetting pre-approved for a mortgage at your local bank means you\u2019re pre-approved for a mortgage with just that one lender. If you wanted to compare rates with other lenders, you\u2019d need to spend time and effort re-applying for pre-approval elsewhere and possibly need multiple pre-approvals for each of the different programs offered.<\/p>\n\n\n\n
You probably comparison-shop for most of your everyday consumer purchases. Chances are good you wouldn\u2019t buy shoes, airline tickets, or electronics without first checking the prices from a few vendors or companies. Why wouldn\u2019t you check out multiple lenders for your mortgage?<\/p>\n\n\n\n
The Morty Pre-Approval is Accurate<\/h3>\n\n\n\n![\"pre-approval](\"https:\/\/morty-content-production.s3.amazonaws.com\/uploads\/2018\/07\/Learning-Mortgage-Terms-1024x678.jpg\")
<\/figure><\/div>\n\n\nSome mortgage brokers and lending institutions are a little bit fast-and-loose with the term \u2018pre-approved\u2019. While there are places that won\u2019t officially pre-approve you for a mortgage until you\u2019ve provided every scrap of financial data you can possibly imagine, there are other brokers and institutions that will happily tell you that you\u2019re \u2018pre-approved\u2019 for a mortgage based on almost nothing. <\/p>\n\n\n\n
Financing surprises late in the game can seriously derail your home buying plans. If you\u2019ve made an offer or put down earnest money and then suddenly can\u2019t qualify for that mortgage, you\u2019re not just going to miss out on the home you want. You could also lose some serious cash.<\/p>\n\n\n\n
Morty\u2019s pre-approval doesn\u2019t use improvised figures to guess<\/em> what lenders in our network might<\/em> be willing to offer you. Morty collects the necessary information upfront. Your pre-approval accurately reflects real programs (or eligibility for real offers) from lenders based on your real<\/em> financial situation, right away. In the event that your financial situation changes between when you first get pre-approved to when you are officially making your offer (as can be the case in today\u2019s climate), Morty\u2019s mortgage advisors are there for you every step of the way to work with you, whether that\u2019s getting you a well-constructed, updated pre-approval or helping you restructure your purchase transaction to align with the lending requirements. <\/p>\n\n\n\nThe Morty Pre-Approval is Quick and Easy<\/h3>\n\n\n\n![\"pre-approval](\"https:\/\/morty-content-production.s3.amazonaws.com\/uploads\/2018\/07\/shutterstock_746902006.jpg\")
<\/figure><\/div>\n\n\nIf you have a pretty good handle on your current financial situation, you can complete your Morty profile in as little as 5-10 minutes. And even if you need a few more minutes to round up some details (what is your co-borrower\u2019s social security number, again?), completing the Morty profile is almost definitely quicker than filling out paperwork by hand at the local bank or doing this over the phone in the current age of social distancing; our optimized, fully-digital process includes smart approval via Plaid and AVMs (automated valuation models).<\/p>\n\n\n\n
Once you\u2019ve completed your profile, you can have an answer right away. There\u2019s no waiting around a few days to see what some guy with a calculator in a back room says about your future. If you\u2019re a qualified borrower, you will also have a real pre-approval letter in-hand as soon as you hit \u2018submit\u2019.<\/p>\n\n\n\n
It\u2019ll probably take you longer to boot up the printer to get a hard copy of your pre-approval letter than it\u2019ll take our algorithms to match you to our best programs and lenders. <\/p>\n\n\n\n
In addition to this, once you\u2019ve completed the process the first time around, you can update any information related to the current offer you are looking to make whenever you need to. You will be pre-approved for that new property, your new offer, and your new mortgage in real-time. This can be particularly useful when you need to submit an offer fast (for example, if it was a home you weren\u2019t expecting and you went to the open house over the weekend). <\/p>\n\n\n\n
The Morty Pre-Approval is Free for Borrowers<\/h3>\n\n\n\n![\"no](\"https:\/\/morty-content-production.s3.amazonaws.com\/uploads\/2018\/07\/rawpixel-com-570908-unsplash-1024x618.jpg\")
<\/figure><\/div>\n\n\nMorty doesn\u2019t charge borrowers to use our real-time mortgage quotes and comparison tools, or to get pre-approved for a mortgage. There\u2019s no fee to build your financial profile on Morty or to pull your credit. <\/p>\n\n\n\n
For the grand total cost of zero dollars, you can check to see if you\u2019re eligible for appraisal waivers, customize your closing journey, compare rates, pick from our top lenders and programs that best match your unique purchase and financial profile, and work with one of our mortgage advisors to manage the whole process all the way to the closing table.<\/p>\n\n\n\n
No Phone Calls (Unless You Want to Talk)<\/h3>\n\n\n
<\/figure><\/div>\n\n\nThis is probably the biggest difference between a so-called pre-approval for a mortgage at your local bank and pre-approval with Morty. With Morty, the pre-approval gives you access to the entire network of lenders and programs that you qualify for without<\/em> any additional work on your part. This allows you to focus on the shopping and buying of your home and the actual important financial decisions that come along with finalizing and selecting your mortgage. <\/p>\n\n\n\n Getting pre-approved for a mortgage at your local bank means you\u2019re pre-approved for a mortgage with just that one lender. If you wanted to compare rates with other lenders, you\u2019d need to spend time and effort re-applying for pre-approval elsewhere and possibly need multiple pre-approvals for each of the different programs offered.<\/p>\n\n\n\n You probably comparison-shop for most of your everyday consumer purchases. Chances are good you wouldn\u2019t buy shoes, airline tickets, or electronics without first checking the prices from a few vendors or companies. Why wouldn\u2019t you check out multiple lenders for your mortgage?<\/p>\n\n\n\n Some mortgage brokers and lending institutions are a little bit fast-and-loose with the term \u2018pre-approved\u2019. While there are places that won\u2019t officially pre-approve you for a mortgage until you\u2019ve provided every scrap of financial data you can possibly imagine, there are other brokers and institutions that will happily tell you that you\u2019re \u2018pre-approved\u2019 for a mortgage based on almost nothing. <\/p>\n\n\n\n Financing surprises late in the game can seriously derail your home buying plans. If you\u2019ve made an offer or put down earnest money and then suddenly can\u2019t qualify for that mortgage, you\u2019re not just going to miss out on the home you want. You could also lose some serious cash.<\/p>\n\n\n\n Morty\u2019s pre-approval doesn\u2019t use improvised figures to guess<\/em> what lenders in our network might<\/em> be willing to offer you. Morty collects the necessary information upfront. Your pre-approval accurately reflects real programs (or eligibility for real offers) from lenders based on your real<\/em> financial situation, right away. In the event that your financial situation changes between when you first get pre-approved to when you are officially making your offer (as can be the case in today\u2019s climate), Morty\u2019s mortgage advisors are there for you every step of the way to work with you, whether that\u2019s getting you a well-constructed, updated pre-approval or helping you restructure your purchase transaction to align with the lending requirements. <\/p>\n\n\n\n If you have a pretty good handle on your current financial situation, you can complete your Morty profile in as little as 5-10 minutes. And even if you need a few more minutes to round up some details (what is your co-borrower\u2019s social security number, again?), completing the Morty profile is almost definitely quicker than filling out paperwork by hand at the local bank or doing this over the phone in the current age of social distancing; our optimized, fully-digital process includes smart approval via Plaid and AVMs (automated valuation models).<\/p>\n\n\n\n Once you\u2019ve completed your profile, you can have an answer right away. There\u2019s no waiting around a few days to see what some guy with a calculator in a back room says about your future. If you\u2019re a qualified borrower, you will also have a real pre-approval letter in-hand as soon as you hit \u2018submit\u2019.<\/p>\n\n\n\n It\u2019ll probably take you longer to boot up the printer to get a hard copy of your pre-approval letter than it\u2019ll take our algorithms to match you to our best programs and lenders. <\/p>\n\n\n\n In addition to this, once you\u2019ve completed the process the first time around, you can update any information related to the current offer you are looking to make whenever you need to. You will be pre-approved for that new property, your new offer, and your new mortgage in real-time. This can be particularly useful when you need to submit an offer fast (for example, if it was a home you weren\u2019t expecting and you went to the open house over the weekend). <\/p>\n\n\n\n Morty doesn\u2019t charge borrowers to use our real-time mortgage quotes and comparison tools, or to get pre-approved for a mortgage. There\u2019s no fee to build your financial profile on Morty or to pull your credit. <\/p>\n\n\n\n For the grand total cost of zero dollars, you can check to see if you\u2019re eligible for appraisal waivers, customize your closing journey, compare rates, pick from our top lenders and programs that best match your unique purchase and financial profile, and work with one of our mortgage advisors to manage the whole process all the way to the closing table.<\/p>\n\n\n\nThe Morty Pre-Approval is Accurate<\/h3>\n\n\n
<\/figure><\/div>\n\n\nThe Morty Pre-Approval is Quick and Easy<\/h3>\n\n\n
<\/figure><\/div>\n\n\nThe Morty Pre-Approval is Free for Borrowers<\/h3>\n\n\n
<\/figure><\/div>\n\n\nNo Phone Calls (Unless You Want to Talk)<\/h3>\n\n\n
![\"pre-approval](\"https:\/\/morty-content-production.s3.amazonaws.com\/uploads\/2018\/07\/rawpixel-592446-unsplash-1024x683.jpg\"){kind=tracking}
<\/figure><\/div>\n\n\n