Mortgage Equity Partners of New England | Methuen Branch
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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 the Merrimack Valley, …
Continue Reading about What you need to know about how a 2-1 buydown works
First-time homebuyers are looking for tips and strategies to compete in the current seller’s real estate market. Finding a home and presenting the winning offer is a full-time job in the Merrimack Valley. Home prices have hit record highs in Massachusetts and New Hampshire over the past several years. In some areas, …
Do I need a real estate attorney in MA to close a mortgage loan and buy a home? Massachusetts state law requires a real estate attorney for property transactions involving home loans or mortgages. While this is a requirement having an experienced individual who understands all the rules and regulations surrounding …
Winter in New England can bring along a lot of complications and added stress to our everyday lives, but by being prepared, you will at least be ready for the snow, ice, and cold weather. No one really wants to start thinking about the harsh weather that may be right around the corner, but it is coming whether we like …
RefiNow is a government program that helps borrowers with low to moderate incomes in Massachusetts to refinance their mortgages. Over the past year, lower to moderate-income borrowers were less likely to take advantage of the historically low mortgage interest rates for various reasons. In response, Fannie Mae …
Continue Reading about The inside scoop on Fannie Mae’s RefiNow – Mortgage Refinance Program
Homebuyers in the Methuen area are looking for any advantage to get their offer accepted in the current real estate market. A property inspection waiver gives buyers a huge advantage. A property inspection waiver (PIW) is granted when lenders can use existing data about the estimated value of a property to originate a …
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