Lock in the interest rate and shop for a home stress-free Shopping for a Connecticut home without locking in your mortgage interest rate can be challenging for homebuyers. At Mortgage Equity Partners, we have created a program that will help you lock your rate while you shop. The Lock to Shop program will alleviate …
Chenoa Fund down payment assistance
How does the Chenoa Fund work? The Chenoa Fund provides second mortgages to be used with FHA loans to cover the minimum down payment requirement when purchasing an FHA-insured home. In effect, pairing the DPA with an FHA loan requires no money from the borrower, and the entire cost of the house is financed. The …
MEP’s Rate Protection Program is a win-win for borrowers!
Every rental payment you make is building equity for someone else. Home values are predicted to continue to appreciate. The prices you see today are going to continue to rise. Don’t you want to realize that appreciation for yourself? MEP’s Rate Protection Program (RPP) allows you to get off the sidelines and buy the …
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Save money with an FHA streamline refinance
Who is it for? If you’re a Connecticut homeowner with an existing FHA loan and are looking for ways to lower your monthly payments without having to provide large amounts of credit documentation and undergo extensive underwriting, an FHA streamline refinance could be the perfect solution. This refinancing option is …
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What is a VA IRRRL?
What is a VA IRRRL? A VA IRRRL loan is an Interest Rate Reduction Refinance Loan (IRRRL), sometimes called a VA Streamline loan offered by the U.S. Department of Veterans Affairs (VA). When interest rates drop, many Connecticut Veterans and other homeowners with VA loans consider saving money with a refinance. The …
Mortgage rates are on the decline
Are mortgage rates going down? Yes, mortgage rates are going down and this has sparked an exciting sudden change in the Connecticut housing market. But who knows for how long? Many prospective borrowers with strong credit were locking their mortgages at the end of last week. Mortgage interest rates change all the time …
