Mortgage Equity Partners of Nashua NH
Home Loans and Refinancing
Owning a home vs. renting a home in New Hampshire Thinking of making a change? You are not alone. There are many reasons to consider buying over renting and you may wonder if the dollars and cents add up in your favor as New Hampshire home prices continue to rise. According to the ATTOM Data US Home affordability …
Continue Reading about Own versus rent. What’s more affordable?
Nashua homebuyers who want to save money on their monthly payments are turning to the 2-1 buydown loan option from Mortgage Equity Partners. A 2-1 buydown loan is a loan with a reduced monthly 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 …
Continue Reading about How does a 2-1 buydown loan in New Hampshire work?
With New Hampshire home prices continuing to rise, most people need a mortgage to buy a home. A mortgage is an agreement between you and a lender that allows you to borrow money to purchase or refinance a home and gives the lender the right to take your property as collateral if you do not repay the money you've …
Continue Reading about What are the top 4 most important terms to know about a mortgage?
What are home sellers looking for when they choose one buyer over another? You may think it is the highest offer, but that is not always the case. The more willing someone is to pay over the asking price, the more demands they may make on the seller. So as a buyer, making and presenting your best offer, even if it is …
Continue Reading about How do sellers choose a winner in a bidding war?
Why do we care about credit scores in the mortgage industry? First, we care about credit scores because it could mean the difference between approved and denied loan status, and secondly, credit scores may affect the interest rate on a mortgage. What is a credit score? A credit score is a number between 300 and 850 …
Continue Reading about A guide to understanding credit scores
Is owning a home your American dream? If your answer is yes, then you will most likely need a mortgage. Unfortunately, many first-time homebuyers enter the market without knowing the most frequently used mortgage terms, so we will explain the basics. An understanding of the basic terms will help you prepare for this …
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