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 …
Continue Reading about MEP’s Rate Protection Program is a win-win for borrowers!
Guide to closing cost assistance
Navigating closing cost assistance Closing cost assistance can significantly benefit first-time homebuyers and lower-income buyers. Understanding the types of assistance available and how to qualify can help ease the financial burden of purchasing a home. This guide will expand on closing cost assistance, who …
A complete guide to closing costs for mortgages
A complete guide to closing costs Buying a home is an exciting milestone, but it comes with significant financial responsibilities. One of the key expenses you’ll encounter is closing costs. Understanding these expenses is crucial for all Rhode Island borrowers, especially first-time homebuyers. These additional …
Continue Reading about A complete guide to closing costs for mortgages
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 …
