Mortgage Equity Partners of Delaware
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What is the difference between DSCR/DCR/DSR? These terms are interchangeable. A DSCR is an important term used to measure a property's ability to cover its debt obligation. DSCR stands for Debt Service Coverage Ratio DCR stands for Debt Coverage Ratio DSR stands for Debt Service Ratio What is a DSCR …
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A complete guide to closing costs for mortgages Buying a home is an exciting milestone, but it comes with significant financial responsibilities. One of the key expenses you’ll encounter is closing costs. Understanding these expenses is crucial for all Delaware borrowers, especially first-time homebuyers. These …
How down payment assistance helps homebuyers In today's real estate market, buying a home can feel out of reach, especially for first-time homebuyers. One of the biggest challenges many Delaware buyers face is coming up with the funds for a down payment and closing costs. Fortunately, programs designed specifically to …
Summertime is the best time for renovations Summer's here in Delaware, and it's the perfect time to give your home that much-needed makeover. If you're a homeowner dreaming of upgrades, renovation home financing, a cash-out refinance, or a Home Equity Line of Credit (HELOC) could help you achieve your renovation …
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Refinancing your mortgage-discover the benefits Refinancing your mortgage can be a strategic move to improve your financial health. There are various reasons to consider refinancing for Delaware homeowners. You may want to consolidate debt and free up monthly cash flow or access your equity for home upgrades or some …
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What the VA said about the NAR settlement The Department of Veterans Affairs announced it would temporarily lift its ban on homebuyers directly paying for realtor representation. It is expected that it will announce a formal policy update within the next several weeks. The VA’s home loan guaranty is the only loan …
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