Mortgage Loan Programs 101: What are the most common loan types? When buying a home, finding the right type of mortgage is critical. With so many options available, from 30-year fixed-rate loans to adjustable-rate mortgages (ARMs), Government loans, and other loans for non-traditional borrowers, it's easy to feel …
How MEP’s Instant Equity/Bridge Loan Program helps homebuyers
How MEP's Instant Equity/Bridge Loan Program helps homebuyers Buying a home can be a nerve-wracking experience due to the lack of inventory in the current market. One of the hurdles many homeowners encounter is the financial barrier, specifically coming up with the funds for a down payment and closing costs on a new …
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Renovation Loans – making it easier to turn your dream home into a reality
Finding the perfect home in today's real estate market can be challenging. Housing inventory is low, and when a desirable property hits the market, it is often sold almost immediately and over the asking price. A renovation loan could be the solution you are looking for to create the home of your dreams. Borrowers …
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Need money? Look at your house for a Cash-Out Refinance!
Are you struggling to keep up with high-interest expenses? Maybe you have credit card debt and are fighting to pay it off monthly. One option you may want to consider is a cash-out refinance. Refinancing can allow you to access funds from your home's equity to pay off these expenses at a lower interest rate than your …
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What is a Jumbo Loan?
When is a regular mortgage not enough? When the loan amount to purchase a property exceeds the conforming loan limit of $726,200*. To understand a Jumbo loan, you must understand two other terms: conforming and non-conforming loans. Conforming loans adhere to the loan limit guidelines set by the Federal Housing and …
It’s a great time to sell, but where will you go?
It's a great time to sell your home, so what are the options after you do? When you finally decide to put your home on the market and consult with your realtor about how to price it correctly, the next step is determining where you will go. Home prices have appreciated significantly over the past several years. …
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