You may have heard talk of loan limits increasing for 2020, but what does that mean to the homebuyer or homeowner? It means that in response to the rise in home prices, the Federal Housing Finance Agency (FHFA), has set new conforming loan limits to reflect the rise in home prices across the country. Increasing …
Top 3 reasons why buying a home at the end of the year is something to celebrate
While most people are running around getting ready for the holiday, other savvy people are grabbing deals on homes that are priced to sell and mortgage rates that are lower than they have been in years! A 2018 study from ATTOM Data Solutions identified the 10 best days of the year to buy a home, …
What you need to know about VA loans
Mortgage Equity Partners is a participating VA lender having originated hundreds of VA loans since 2009. Not all lenders offer VA loans, but MEP decided early on to provide this vital program. “We have a moral obligation to support those who support our country,” said Sean Riley, President of Mortgage Equity Partners. “Their job is …
Refinances still on the rise
The last time we saw mortgage interest rates this low, it was 2015! While seasonal slowdowns usually hit the mortgage industry around this time, most lenders are still incredibly busy. The Mortgage Bankers Association stated that it is refinancing that has fueled this activity. “The refinance index was up 10 percent from the previous week …
Home Appreciation is Strong and Rates are Low!
Is Now the Right Time for You? The housing market is in under the microscope right now. Everyone is trying to predict when home values will peak and mortgage rates will be at their lowest. Many industry experts think now is the time to maximize the benefits of both home appreciation and low mortgage interest …
Is it time to buy or sell your home?
Take the advice of Two Local North of Boston Experts! Tom Patch, Loan Officer at Mortgage Equity Partners in Lynnfield knows the local market and want you to be in the know too! “Everyone can benefit from low mortgage interest rates right now!” said Tom Patch. You don’t want to miss out on the opportunities …
