The Federal Reserve announced, as expected, that they would raise the prime rate by .25%. Does this mean that interest rates on mortgages will increase? What does it mean for the average Joe? According to Dave Holding, VP of Production and Capital Markets at Mortgage Equity Partners, “while this would not mean that interest rates …
7 Reasons You Should Get a VA Home Loan
1. No down payment VA loans can be 100% financed, meaning you don’t have to save up for a down payment. Keep in mind, paying a small amount toward a down payment will save you money in the long run. 2. Affordable closing costs With traditional loan programs, you could pay anywhere from 2% to …
To renovate or relocate? That is the question.
How do you know when your home is no longer meeting your needs? Your life events will be the best indicator. People who are just starting out have different needs than those of a growing family. In either case, you always have a choice to stay where you are and renovate or pack it up …
5 quick tips that will save you money and increase your home’s value
When you are getting ready to sell your home there are many things to consider. The first and most important is the price for which it will be listed! The higher the better! Should you do a major home renovation project because you think you can gain resale value or should you let the next …
MEP Joins MMBA to Support the Family of a Disabled Veteran
Published on Nov. 13, 2018 in National Mortgage Professionals On October 19th, 2018, Mortgage Equity Partners staff joined with industry colleagues to rebuild the home of a 77-year-old widow of a disabled veteran. The homeowner and her husband purchased the home at auction in 1994. Unfortunately, her husband succumbed to cancer in 2004, and since …
When the Fed Talks Mortgage Lenders listen and you should too!
What could an increase of the Fed Funds rate mean to you? Are rates going up?? It is widely speculated today that the FOMC (Federal Open Market Committee) will recommend to increase the Fed Funds rate by .25. The rate increased is a short-term rate that has direct effect on debt such as credit cards …
