What is a 2/1 Buydown and how does it work? A 2/1 Buydown is a financing technique that allows a borrower to have reduced monthly mortgage payments for the first two years of the loan term. With this option, the interest rate would be 2% lower for the first year and 1% for the second …
First Responders Program @MEP
Our First Responders Program provides a $500 credit for closing costs! Our First Responders Mortgage Program provides a $500 credit for closing costs to purchase a new home or refinance your current home. Our program is designed to directly improve the lives of our first responders, who do so much to serve others. This is …
How do I find the best mortgage lenders near me?
What to look for when searching for the best mortgage lenders near me 1. Selection of loan programs Look for mortgage lenders that have a wide selection of loan programs. Some larger banks can only originate their company’s products, but Independent Mortgage Bankers like Mortgage Equity Partners can choose from a wide selection of loan …
FHA announces cuts to Mortgage Insurance Premiums
The Federal Housing Administration announced today that it would reduce the mortgage insurance premiums it charges homebuyers for its mortgage insurance. This is great for people buying their first home who may now be eligible for relief from lower mortgage insurance premiums required on FHA-insured loans. This reduction is expected to save homebuyers, on average, …
What you need to know about Non-QM loans
The best mortgage companies offer a wide selection of mortgage loan programs. For example, Mortgage Equity Partners provides a complete portfolio of mortgage options for their experienced loan officers to help first-time homebuyers, real estate investors, and others find the best mortgage program to fit their needs. While conventional fixed-rate loan programs and government loans …
Owning a home is more affordable than renting one
Owning a home is still better than renting one There are many reasons to consider buying over renting, and if the new year has you thinking of making a change, you are not alone. However, you may wonder if the dollars and cents add up in your favor as home prices continue to rise. According …
