Tips for buying a home with student loan debt Buying a house with student loan debt can be difficult, but it’s not impossible. Understanding the potential impact of student loan debt on your financial health and ability to qualify for a mortgage is essential. Student loan debt can increase your debt-to-income ratio and potentially affect …
What to watch out for after getting pre-approved for a mortgage
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 gives you the …
What are the most common loan types?
Mortgage Loan Programs 101: What are the most common loan types? When buying a home, finding the right type of mortgage is critical. With so many options available, from 30-year fixed-rate loans to adjustable-rate mortgages (ARMs), Government loans, and other loans for non-traditional borrowers, it’s easy to feel overwhelmed. However, understanding the basics of the …
The benefits of homeownership: shielding yourself from inflation
Buying a home is a big decision that comes with a significant financial commitment. While both options have pros and cons, one factor makes homeownership an attractive choice: protecting homeowners from inflation. As we all know, the cost of living tends to increase over time, especially in major cities. However, owning a home can provide …
How MEP’s Instant Equity/Bridge Loan Program helps homebuyers
How MEP’s Instant Equity/Bridge Loan Program helps homebuyers Buying a home can be a nerve-wracking experience due to the lack of inventory in the current market. One of the hurdles many homeowners encounter is the financial barrier, specifically coming up with the funds for a down payment and closing costs on a new property without …
Renovation Loans – making it easier to turn your dream home into a reality
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. Borrowers can …
