Mortgage Equity Partners of Connecticut
Leading You Home
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 …
Continue Reading about How a cash-out refinance can help you pay off debt
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 …
Vacant Land Lending or Land Loans share many similarities with mortgages. Both are forms of financing used to obtain property; however, unlike a traditional mortgage, there is no home to use as collateral. Many homebuyers and investors consider this option if they have the expertise in building homes from …
Maximizing your home equity The last few years have entirely reshaped the Connecticut housing market, and for most homeowners, this has resulted in significant accumulated home equity. Home equity is the difference between what you owe on your mortgage and the market value of your home. The average homeowner has more …
Buying a home in Connecticut is a big decision that comes with a significant financial commitment. While both options have pros and cons, one factor makes homeownership an attractive choice: protecting homeowners from inflation. As we all know, the cost of living tends to increase over time, especially in major cities. …
Continue Reading about 5 benefits of homeownership in Connecticut
When is a regular mortgage not enough? When the loan amount to purchase a property exceeds the conforming loan limit of $726,200*. Find out the limits by county in this interactive map. To understand a Jumbo loan, you must understand two other terms: conforming and non-conforming loans. Conforming loans adhere to …
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