Fannie Mae and Freddie Mac offer $2500 credit for lower income families Fannie Mae and Freddie Mac have announced a $2,500 credit for low-income borrowers to make homeownership more accessible. Fannie Mae and Freddie Mac recognize that down payment and closing costs remain a significant barrier to homeownership for many borrowers. Fannie Mae and Freddie …
Get a pre-approval now before the spring market
Get a pre-approval for a home loan now before the spring market gets here The spring season is historically one of the busiest times for buying property and getting a pre-approval. As the weather gets warmer and the days get longer, the property market heats up, and so does the competition. Homebuyers must be strategic …
What is a cash-out refinance, and how can it help you pay off debt?
What is a cash-out refinance? A cash-out refinance can provide a valuable solution if you’re a homeowner with sufficient equity and some debt to pay off. A cash-out refinance is a home loan that allows you to refinance your existing mortgage while taking out additional cash beyond your loan balance if you have enough equity. …
Don’t hibernate this winter: 8 reasons to buy a home now
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 …
