The ideal borrower would have a high credit score, an income that more than justifies the loan, a long, stable employment history, and enough reserves to cover several months of mortgage payments. Obviously, that doesn’t describe everyone. The only option used to be an FHA loan, but that has changed. An excellent alternative to FHA …
3 Things I wish I knew before I got my mortgage (part 1)
1. Experience Counts
“Sofia wasn’t getting the right
guidance…”
3 things I wish I knew before I got my mortgage (part 2)
2. Timing Matters
“Jordan’s approval came
too late…”
3 things I wish I knew before I got my mortgage (part 3)
3. Being Understood
“Frank realized that personalized
service matters…”
FHA Loan Update
On Friday, under the new Trump administration, HUD suspended the 0.25 percentage point premium rate cut for Federal Housing Administration-backed loans until further notice. The Housing and Urban Development’s letter implied that they felt the insurance fund was not yet stable and couldn’t afford it, and suspended the cut “indefinitely effective immediately.” Mortgage Equity Partners …
Wendy Monteiro has joined MEP as a Senior Loan Officer
Wendy provides each client with a one-stop shopping experience because Mortgage Equity Partners has a portfolio of loan products that are sure to satisfy any customers’ needs. Wendy’s approach is specific to each client, matching each borrower with a loan that best fits their financial situation while monitoring and negotiating competitive rates and closing costs. …
