Mortgage Equity Partners
Leading You Home
When purchasing your first home, consider these 7 things Often first-time homebuyers get caught up in the excitement of buying a new home, and they don't take time to think about the future and the possibility that this may not be the last home they purchase. Most of us have no idea where we will be in two, five, or …
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First-time homebuyers can use positive rental history for FHA purchase loans First-time homebuyers face many obstacles when preparing to buy a home, like saving for a down payment, having extra money for closing costs, home affordability, and qualifying for a loan. One of the biggest hurdles for first-time homebuyers …
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Home Equity Lines of Credit and Home Equity Loans When you have at least 20% or more equity in your home and a good credit profile, you are a strong candidate for a Home Equity Loan. Home Equity is the difference between what you owe on an existing home loan and what your home is worth (market value). Many homeowners …
New HUD rule expands flood insurance choices for FHA borrowers Floods can happen anywhere. In fact, just one inch of floodwater can cause significant damage. Unfortunately, most homeowners’ insurance does not cover flood damage. Flood insurance is a separate policy that can cover homes, the contents of a home, or …
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As of Wednesday, November 30, 2022, at 10:00 pm, the MassDreams grant program will be suspended. Due to its popularity and the expertise of lenders like Mortgage Equity Partners, the funds allocated for the grant program have been exhausted. The MassDreams program provided a forgivable grant for up to $50K, which …
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What is a VA home loan? VA loans are home loans with unique benefits exclusively for eligible service members, veterans, and some eligible surviving spouses. Most regular military members, veterans, reservists, and National Guard can apply for a VA loan. Spouses of military members who died while on active duty or as …
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