Mortgage Equity Partners | Laurel, MD Branch
Home Loans, Mortgages, Refinance, Home Equity Loans
What impact can a credit pull can have on your credit score? There is a lot of misconception about the impact a credit pull can have on your credit score. Credit pulls are categorized as Hard Credit Pulls and Soft Credit Pulls. You might choose to have a soft pull to avoid any effect on your credit score. Soft pulls …
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A 2/1 buydown loan is a loan with a reduced payment for the first two years of the loan, and then the third year of the loan, the payment will rise to its note rate. So, you get a lower mortgage payment during the first two years. The 2-1 buydown program has been very popular with borrowers in Maryland, where home …
Continue Reading about What you need to know about how a 2-1 buydown works
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