Mortgage Equity Partners | Maryland Branch
Home Loans, Mortgages, Refinance, Home Equity Loans
Mortgage rates in Maryland change a lot. They can move up or down throughout the day. They can be subject to many things, from the Federal Reserve (The Fed) announcing a rate increase to events occurring in the US or worldwide. You may have a conversation with your loan officer today only to learn that the rate you …
Continue Reading about When should you lock in your mortgage rate?
Down Payment Assistance programs in Maryland help first-time homebuyers Down Payment Assistance programs, or DPAs, help first-time homebuyers cover some of the costs associated with a down payment and upfront closing costs. When purchasing a home, you typically need to put money down equal to a percentage of the …
Continue Reading about What are Down Payment Assistance programs?
Not sure how much home you qualify for? We can help you determine approximately how much money you will be eligible to borrow before you apply for the loan. Pre-qualifications are a calculation based on the information provided by you. A pre-qualification is not a pre-approval. Once you are pre-qualified and know how …
Continue Reading about 6 steps when applying for a mortgage loan
What determines the interest rate on your mortgage? MANY factors come into play when determining what your interest rate will be on your mortgage. These factors include, but are not limited to, current market conditions that can change DAILY, credit score, how much you are putting down on the purchase price (down …
Continue Reading about Is it worth it to pay discount points?
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 …
Continue Reading about Hard or soft credit pull. What is the difference?
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
Download our Mobile App:
