Why buy now? Many people believe spring is the best time to buy a home, but winter is a great time to make a purchase. While the weather may not be as inviting, there are several advantages to buying a home during the winter months. Buying a home during winter can be a smart idea, …
Mortgage Equity Partners welcomes Kimberly Mills as new Underwriter
Mortgage Equity Partners (MEP) is excited to announce the promotion of Kimberly Mills to the position of Underwriter. Kimberly joined MEP as a processor and has quickly become an integral part of our team. “Kimberly has been a valuable team member since she joined us a few years ago,” says MEP COO Betsy O’Neil. “Her …
What is an escrow holdback?
What are the advantages of an escrow holdback? Purchasing a home can be an exciting experience. Still, it also comes with challenges, especially when dealing with a delayed closing due to repairs and improvements discovered during the homebuying process. Sometimes, the loan closing could be contingent upon these repairs, pushing your closing date back and …
$400 Million housing bond issued to support affordable housing in Maryland
$400 million housing bond issued to support affordable housing for Maryland first-time homebuyers The Maryland Department of Revenue announced that the Maryland Department of Housing and Community Development issued the most significant mortgage revenue bond in the agency’s history. The $400 million bond from the department’s community development administration through the Residential Revenue Bond program …
Is a reverse mortgage right for me?
Reverse mortgages have become an increasingly popular option for older adults to use as a strategic financial tool for retirement. Reverse mortgages, also known as Home Equity Conversion Mortgages (HECM), are still a somewhat misunderstood mortgage product; however, if appropriately used, a reverse mortgage can unlock the equity in your home for a more secure …
Understanding mortgage interest rates
Are you considering buying a home but feeling overwhelmed by the process? There’s a lot to take in, from finding the right real estate agent to learning about mortgages. Understanding mortgage interest rates is one of the most critical steps when purchasing your new home. Knowing what influences mortgage interest rates is essential for prospective …
