Mortgage Equity Partners | Laurel, MD Branch
Home Loans, Mortgages, Refinance, Home Equity Loans
Best ways to save money to buy a house Buying a house in Maryland is a significant milestone, but for many, it’s also one of the biggest financial challenges. With rising home prices, inflation, and other expenses, saving up for a down payment can feel like an overwhelming task. However, with careful planning and …
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Understanding the different types of mortgage refinance Refinancing your mortgage can be a powerful financial tool, allowing you to adjust your loan terms, lower your interest rate, or even access cash for other needs. But with various refinancing options available in Maryland, it’s important to understand which type …
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 …
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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Why is self-employed different? Self-employed people often struggle to qualify for a home loan because their income is challenging to verify. Traditionally, lenders will ask to see a borrower's W2s and tax returns. Since Maryland business owners do not get W2s and often use tax write-offs for business expenses, their …
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Mortgage rates are on the decline Yes, mortgage rates are going down and this has sparked an exciting sudden change in the Maryland 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 …
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