Mortgage Equity Partners | Laurel, MD Branch
Home Loans, Mortgages, Refinance, Home Equity Loans
Understanding the differences The best way to understand the differences is first to understand what each loan is all about. Let's start by defining both options: A fixed-rate mortgage is a home loan with an unchanging interest rate for the entire loan duration. An adjustable-rate mortgage is also called an ARM. This …
Continue Reading about Key differences between fixed-rate and adjustable-rate mortgages
Maryland Mortgage Programs The Maryland Mortgage Program has some extremely generous mortgage programs with down payment assistance (DPA) and flexible qualifying guidelines to make owning a home affordable for more borrowers in Maryland. The programs include conventional and government loan options for first-time …
Fannie Mae and Freddie Mac offer $2500 credit for lower income families Fannie Mae and Freddie Mac have announced a $2,500 credit for low-income borrowers to make homeownership more accessible. Fannie Mae and Freddie Mac recognize that down payment and closing costs remain a significant barrier to homeownership for …
Continue Reading about Fannie Mae and Freddie Mac offer $2500 credit for Maryland families
Why should you get pre-approved now before the spring market? The spring season is historically one of the busiest times for buying property and getting a pre-approval in Maryland. As the weather gets warmer and the days get longer, the property market heats up, and so does the competition. Homebuyers must be …
Continue Reading about Get a pre-approval now or regret it in the spring
$400 million housing bond issued to support affordable housing for Maryland first-time homebuyers The Maryland Department of Revenue announced that the Maryland Department of Housing and Community Development issued the most significant mortgage revenue bond in the agency’s history. The $400 million bond from the …
Continue Reading about $400 million housing bond issued to support affordable housing in Maryland
Exciting announcement: Fannie Mae introduces 5% down payment opportunity for multi-family homes! Calling all aspiring Maryland real estate investors! Fannie Mae has made a groundbreaking policy shift to revolutionize your homeownership path. Starting November 18, 2023, they are rolling out a game-changing 5% down …
Continue Reading about Fannie Mae introduces 5% down payment opportunity for multi-family homes!
Download our Mobile App:
