Think you cannot buy due to Student Loan Debt, think again! Fannie Mae is preparing to raise the debt to income ratio requirement by July 29, 2017! High debt payments are the number one reason people are declined when applying for a loan. The increase from 45% to 50% could open the doors to home-ownership …
Credit Scores are on the Rise!!
The American Dream of homeownership may be closer within your reach than you think!! As of July 1, 2017 changes in the way the three major credit bureaus report civil judgements and tax liens is changing to the benefit of some consumers. It is estimated that some credit scores may rise by as much as …
MEP and VP David Holding is Participating in the 2017 Pan Mass Challenge
As you know, Mortgage Equity Partners believes very strongly in giving back to the community. Our philanthropic history is strong. As an organization, we donate to many different charities, but for me personally, there is not a cause that is more important than this one. The Pan Mass Challenge (PMC) is a 2 Day, 192 …
What is a Home Possible Mortgage?
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…”
