Pitfalls of FHA Home Loans

Pitfalls of FHA Home Loans

Home Equity Partner has covered the basic advantages of FHA loans: Low credit score requirementsSmall down payment.Easy to qualify This makes FHA loans quite common for first-time homebuyers and people in unique situations. While it is a common way to get into a home...
Contract For Deed Pros & Cons

Contract For Deed Pros & Cons

A Contract For Deed is a legal agreement, similar to a lease or mortgage, for the sale of property between a buyer and seller, an alternative to a mortgage. When you agree to a contract for deed, you as the buyer, make payments until a predetermined amount is paid or...
Do Credit Scores Really Matter?

Do Credit Scores Really Matter?

Home Equity Partner is asked a lot about U.S. credit scores and what we use them for as it is part of the application process. We wanted to break this down and offer more about credit scores and how we use them. Banks often use credit scores as a key measurement of...
Right Time To Lock Into A Lease Option

Right Time To Lock Into A Lease Option

Did you know that with a lease option you control whether or not you buy the home? If the market and home prices drop, you can walk. If home values continue to climb, you get the first right of refusal and can capture those appreciation gains. That is why in this...
Is Contract For Deed Right For You?

Is Contract For Deed Right For You?

Contract for Deed Detailed Contract for deed can introduce a new solution if you can’t get a traditional home loan through a bank near where you are currently renting.  Many individuals and families that come to Home Equity Partner to find their first home or condo...