Mortgage Equity Partners of New England | Methuen Branch
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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 the Methuen area. As the weather gets warmer and the days get longer, the property market heats up, and so does the competition. Homebuyers must be …
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What is an escrow holdback? Purchasing a home can be an exciting experience. Still, it also comes with challenges, especially when dealing with a delayed closing due to repairs and improvements discovered during the homebuying process. Sometimes, the loan closing could be contingent upon these repairs, pushing your …
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Exciting announcement: Fannie Mae introduces 5% down payment opportunity for multi-family homes! Calling all aspiring New England 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 …
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All about Non-QM loans When applying for a mortgage, you will either apply for a “QM” or a “Non-QM” loan. Non-QM loans are for borrowers ready to buy a home but may not qualify by traditional standards. A qualified mortgage (QM) is a mortgage that meets specific requirements for lender protection and secondary market …
A pre-approval is the first step in the homebuying journey for most people who need financing to purchase a new home. A pre-approval involves a mortgage lender reviewing your income, assets, credit, and debt to determine whether you qualify for a mortgage and how much you can receive. Getting a pre-approval letter …
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Finding the perfect home in today's real estate market can be challenging. Housing inventory is low, and when a desirable property hits the market, it is often sold almost immediately and over the asking price. A renovation loan could be the solution you are looking for to create the home of your dreams in the Methuen …
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