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  Morty Mortgage Broker

Morty Mortgage Broker

in Mortgage Brokers from Morty Inc · NMLS ID #1429243

Unaffiliated

Morty Mortgage Broker

Unaffiliated

in Mortgage Brokers from Morty Inc · NMLS ID #1429243

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Highlights
Highlights
Interest Rate Types Offered
  • Fixed-Rate Mortgage
  • Adjustable-Rate Mortgage (ARM)
  • Hybrid Mortgage
Broker Loan Origination Fees N/A
Broker Fee Payer Lender

Morty Mortgage Broker Review

Morty Mortgage Broker services are offered by Morty Inc (NMLS #1429243), a licensed broker founded in 2016 and based in New York, NY. Morty Mortgage Broker services are available in 31 states (and Washington, DC).

How does Morty Mortgage Broker get paid?

Mortgage brokers get paid either by lenders or by borrowers. However, they cannot receive compensation from both parties.

Morty Inc gets paid by lenders. Lender-paid compensation is the most common fee model among mortgage brokers. This fee model can help bring down the upfront costs to borrowers. However, it also gives brokers the incentive of promoting lenders that pay higher commissions.

What fees does Morty Mortgage Broker charge?

Although cost should not be the only factor when choosing mortgage brokers, it is smart to compare the rates, fees, and services mortgage brokers offer before making a decision.

Does Morty Mortgage Broker charge broker administration fees?

No, Morty Mortgage Broker does not charge a broker administration fee.

Does Morty Mortgage Broker charge broker loan origination fees?

No, Morty Mortgage Broker does not charge a broker loan origination fees.

Does Morty Mortgage Broker charge broker upfront fees?

No, Morty Mortgage Broker does not charge broker upfront fees.

Does Morty Mortgage Broker charge a yield-spread premium?

No, Morty Mortgage Broker does not receive a yield spread premium from borrowers. Brokers that are paid a yield-spread premium from lenders have an incentive to steer borrowers to lenders thatt offer higher yield-spread premiums even if they qualify for a lower interest with another lender. This is not always bad for borrowers as it can lower the upfront costs of a mortgage. For instance, borrowers who only plan to hold a mortgage for a few years may find this option cheaper.

Morty Mortgage Broker Fees
Description
Broker Loan Origination Fees N/A
Broker Upfront Fees N/A
Broker Administration Fees N/A
Yield-Spread Premium N/A

What mortgage programs does Morty Mortgage Broker offer?

Morty Mortgage Broker offers the following mortgage programs:

  • Conventional mortgages: This includes any mortgage that is not insured or guaranteed by the federal government.

What types of mortgage does Morty Mortgage Broker broker?

Morty Mortgage Broker works with the following types of mortgages:
Interest Rate Types Offered Options
Supported Options Unsupported Options
  • Hybrid Mortgage
  • Fixed-Rate Mortgage
  • Adjustable-Rate Mortgage (ARM)
  • Option ARM
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Contact

  • Headquarters
  •   180 Varick Street
    Suite 816
    New York, NY 10014
  •   Visit Site

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 7:00pm
  • Tuesday 9:00am - 7:00pm
  • Wednesday 9:00am - 7:00pm
  • Thursday 9:00am - 7:00pm
  • Friday 9:00am - 7:00pm
  • Saturday Closed

About Morty Mortgage Broker

Availability

  Available in 31 states and Washington, D.C.
  • Alabama
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Maine
  • Maryland
  • Michigan
  • Minnesota
  • Nebraska
  • New Jersey
  • North Carolina
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • South Carolina
  • Tennessee
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin

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