A look at pre-approvals vs. pre-qualifications for home loans When you decide to buy a home, it’s important to understand the difference between a pre-approval and a pre-qualification. For example, a pre-approval at Mortgage Equity Partners involves an underwriter evaluating your credit history, income, and assets and issuing a loan commitment letter stating the amount …
How to save money with a VA loan
Buying a home can be a complicated and expensive process, especially if you’re a first-time home buyer or a Veteran. Fortunately, if you are a Veteran or a surviving spouse of a Veteran, you might be eligible for a VA loan. With a VA loan, you can purchase the home of your dreams with zero …
How do Down Payment Assistance programs work?
Down Payment Assistance programs help first-time homebuyers Down Payment Assistance programs, or DPAs, help first-time homebuyers cover some of the costs associated with a down payment and upfront closing costs. When purchasing a home, you typically need to put money down equal to a percentage of the home’s final sale price. This is called the …
Spring 2023 best home mortgages for saving money
The best mortgages for saving money this Spring, 2023! The reasons for purchasing a new home are personal for every homebuyer. Many potential homebuyers have been waiting to make a move recently due to rising interest rates and high home prices, but life goes on. Homeownership still makes sense in many cases, even with increased …
MEP’s Rate Protection Program is a win-win for borrowers!
Get off the sidelines and look for your new house! Homebuyers are on the fence today about whether to enter the market or stay put. First-time homebuyers who are still renting hope rates and prices will come down. Now that we are entering the spring homebuying season and none of those things have happened, lenders …
Who are the best mortgage lenders?
What are the different types of mortgage lenders While there are limited properties to purchase in today’s real estate market, homebuyers have options for mortgage providers. So how do you find the best mortgage lenders near you? Well, there are many choices to consider when obtaining home financing. Here is a quick breakdown of the …
