Get off the sidelines and look for your new house! Homebuyers are on the fence today about whether to enter the market or stay put. First-time homebuyers who are still renting hope rates and prices will come down. Now that we are entering the spring homebuying season and none of those things have happened, lenders …
Who are the best mortgage lenders?
What are the different types of mortgage lenders While there are limited properties to purchase in today’s real estate market, homebuyers have options for mortgage providers. So how do you find the best mortgage lenders near you? Well, there are many choices to consider when obtaining home financing. Here is a quick breakdown of the …
The 2/1 Buydown – everything you need to know
What is a 2/1 Buydown and how does it work? A 2/1 Buydown is a financing technique that allows a borrower to have reduced monthly mortgage payments for the first two years of the loan term. With this option, the interest rate would be 2% lower for the first year and 1% for the second …
First Responders Program @MEP
Our First Responders Program provides a $500 credit for closing costs! Our First Responders Mortgage Program provides a $500 credit for closing costs to purchase a new home or refinance your current home. Our program is designed to directly improve the lives of our first responders, who do so much to serve others. This is …
How do I find the best mortgage lenders near me?
What to look for when searching for the best mortgage lenders near me 1. Selection of loan programs Look for mortgage lenders that have a wide selection of loan programs. Some larger banks can only originate their company’s products, but Independent Mortgage Bankers like Mortgage Equity Partners can choose from a wide selection of loan …
FHA announces cuts to Mortgage Insurance Premiums
The Federal Housing Administration announced today that it would reduce the mortgage insurance premiums it charges homebuyers for its mortgage insurance. This is great for people buying their first home who may now be eligible for relief from lower mortgage insurance premiums required on FHA-insured loans. This reduction is expected to save homebuyers, on average, …