Is now a good time to refinance? Refinancing can be a good financial move in Florida depending on several factors, such as interest rates, your credit score, and your long-term financial goals. Right now, interest rates have fluctuated due to recent changes in the economy, so the best time to refinance is when you can …
Lock in the interest rate and shop for a home stress-free
Lock to Shop program Shopping for a Florida home without locking in your mortgage interest rate can be challenging for homebuyers. At Mortgage Equity Partners, we have created a program that will help you lock your rate while you shop. The Lock to Shop program will alleviate some anxiety around rates and make the …
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Chenoa Fund down payment assistance
How does the Chenoa Fund work? The Chenoa Fund provides second mortgages to be used with FHA loans to cover the minimum down payment requirement when purchasing an FHA-insured home. In effect, pairing the DPA with an FHA loan requires no money from the borrower, and the entire cost of the house is financed. The …
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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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 …
Mortgage options for self-employed borrowers
Why is self-employed different? Self-employed people often struggle to qualify for a home loan because their income is challenging to verify. Traditionally, lenders will ask to see a borrower's W2s and tax returns. Since Florida business owners do not get W2s and often use tax write-offs for business expenses, their …
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