Mortgage Equity Partners | North Carolina Branch
Home Loans, Mortgages, Refinance, Home Equity Loans
Is a bridge loan a good way to buy a home? A bridge loan is a financing option that allows you to use the equity of your current North Carolina home as a source of funding for a new home. A bridge loan is a short-term loan used as a financial bridge between selling your current home and purchasing a new one. Bridge …
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What is an FHA Loan? An FHA loan is a mortgage insured by the Federal Housing Administration (FHA). It is particularly popular with first-time homebuyers in North Carolina because it allows borrowers to finance homes with low down payments, sometimes as low as 3.5% of the sales price. Borrowers with lower credit …
Why purchase in winter? Many people believe spring is the best time to buy a home, but winter is a great time to make a purchase, especially in North Carolina. While the weather may not be as inviting, there are several advantages to buying a home during the winter months. Buying a home during winter can be a smart …
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What are the advantages of 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 …
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Reverse mortgages have become an increasingly popular option for older adults to use as a strategic financial tool for retirement. Reverse mortgages, also known as Home Equity Conversion Mortgages (HECM), are still a somewhat misunderstood mortgage product; however, if appropriately used, a reverse mortgage can unlock …
Exciting announcement: Fannie Mae introduces 5% down payment opportunity for multi-family homes! Calling all aspiring North Carolina 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% …
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