8 tips for getting the best interest rate on your mortgage When it comes to buying a home in Connecticut, securing the best mortgage rate can lead to substantial savings over the life of your loan. A mortgage is a legal agreement between a borrower and a lender that provides the borrower with the funds needed to …
MEP’s Advantage Down Payment Assistance Program
What is the benefit of down payment assistance? DPA is one of the best tools homeowners have in today's market to make homeownership more affordable for Connecticut Residents. These programs provide a possible solution to help homebuyers who need financial support. With a shortage of affordable housing across the …
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The 8 steps of the homebuying process
The 8 steps of the homebuying process If you are one of many first-time homebuyers in Connecticut taking the leap this spring, you need to know the essentials before beginning the homebuying process. The homebuying process 1. Are you financially prepared to buy a home? The most important thing to know is if you are …
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What does Down Payment Assistance mean?
What is Down Payment Assistance? Of the many steps to homeownership, the one that is often the most difficult for credit-worthy first-time homebuyers is coming up with funds for a down payment and closing costs. For example, borrowers with high student loan payments or low to middle income may not have extra cash to …
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How a cash-out refinance can help you pay off debt
How does a cash-out refinance work? A cash-out refinance can provide a valuable solution if you're a homeowner with sufficient equity and some debt to pay off. A cash-out refinance is a home loan that allows you to refinance your existing mortgage while taking out additional cash beyond your loan balance if you have …
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USDA Loans in Connecticut
Are you planning to buy a home in a rural area? If so, you may be eligible for a USDA loan. A USDA loan is a mortgage loan program backed by the United States Department of Agriculture (USDA) and offered through lenders like Mortgage Equity Partners to help individuals living in rural and some suburban areas purchase …
