How to finance a multifamily property Purchasing your first Rhode Island home is always a significant milestone, but what if you could also turn it into an investment opportunity? That's where multifamily homes come into play. For first-time homebuyers trying to enter the current housing market, understanding how to …
MEP’s Rate Protection Program is a win-win for borrowers!
Every rental payment you make is building equity for someone else. Home values are predicted to continue to appreciate. The prices you see today are going to continue to rise. Don’t you want to realize that appreciation for yourself? MEP’s Rate Protection Program (RPP) allows you to get off the sidelines and buy the …
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How to get a mortgage pre-approval
What is the Cash Ready Plus Program? A mortgage pre-approval is designed to make the homebuying process easier. Getting a fully underwritten pre-approval from Mortgage Equity Partners means your loan officer and an underwriter have thoroughly reviewed your financial position. By issuing a pre-approval letter, we are …
How to remove a Hubbard clause
How to sidestep the Hubbard clause… The Hubbard Buster, a unique bridge loan offered by Mortgage Equity Partners, is a game-changer in a competitive housing market. It allows you to use the equity in your current home to buy a new one without making monthly payments on the bridge financing. This means you can make …
Why summer is ideal for home renovations
The best renovations to get this summer The warm weather and extended daylight hours make summer ideal for home renovations in Rhode Island. You can work on indoor and outdoor projects without worrying about extreme weather conditions. Plus, the kids are out of school, making it easier for the whole family to get …
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Unlocking the benefits of mortgage refinancing
Refinancing your mortgage-discover the benefits Refinancing your mortgage can be a strategic move to improve your financial health. There are various reasons to consider refinancing for Rhode Island homeowners. You may want to consolidate debt and free up monthly cash flow or access your equity for home upgrades or …
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