As of Wednesday, November 30, 2022, at 10:00 pm, the MassDreams grant program will be suspended. Due to its popularity and the expertise of lenders like Mortgage Equity Partners, the funds allocated for the grant program have been exhausted. The MassDreams program provided a forgivable grant for up to $50K, which could be used for …
What is a VA loan?
What is a VA home loan? VA loans are home loans with unique benefits exclusively for eligible service members, veterans, and some eligible surviving spouses. Most regular military members, veterans, reservists, and National Guard can apply for a VA loan. Spouses of military members who died while on active duty or as a result of …
What is a bridge loan? Learn about our Instant Equity Loan Program
Potential homebuyers in the current real estate market may find themselves stressed when trying to negotiate a competitive offer to purchase a new home. The market heavily favors the seller, so homebuyers need a competitive edge to set them apart. For this reason, Mortgage Equity Partners created our custom Bridge Loan Program, MEP’s Instant Equity …
6 tips for buying your first home
Learning the basics of homebuying You have been thinking about it but keep putting it off, then, sometimes life happens, and now it is time to leap into homeownership. Maybe the recently passed student loan debt forgiveness will help loosen up your finances, or perhaps it is the new dog that simply must have a …
Realtor Safety Month tips you need to know
Like any professional, realtors can get so tied up daily that they get complacent when thinking of their safety. September is REALTOR® Safety Month, and it is an excellent time to think about what you’re doing every day to stay safe! Realtors are our most important referral partners and valued friends in the mortgage business. …
What is a 2-1 Buydown Loan?
The buydown program can be used for owner-occupied homes and second homes for purchases and rate and term refinance. However, borrowers cannot get cash out by using this program. How is the rate determined on a 2-1 Buydown mortgage? The rate is two percentage points lower than the note rate during the first year and …
