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 …
Up to $40,000 for new homebuyers in Lawrence, MA
City of Lawrence, MA offering up to $40,000 for new homebuyers The First-time Homebuyers Program is designed to assist low to moderate income families who are purchasing a residential, owner-occupied property located in the City of Lawrence. Eligible borrowers can use the funds for down payment and closing costs. Contact us to learn more details …
Concerned about mortgage interest rates? Here’s 4 great reasons to buy a home this year
Mortgage interest rates shouldn’t stop you from buying a home this year People decide to buy a new home based on a variety of factors. In most cases, life events dictate the need to enter the housing market. Some common reasons include job relocation, an expanding family, a desire to move from an urban to …
8 steps to buying a new home in 2023
Are you a first-time homebuyer thinking of buying a home this spring? By all accounts, the spring housing market is shaping up to be better than expected. Many potential first-time homebuyers overestimate the down payment and credit scores needed to qualify for a mortgage today. First-time homebuyers are often surprised at the number of loan …
