Celebrating 6 Years of Maine Mortgage Solutions
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We’re thrilled to announce that Maine Mortgage Solutions is celebrating our 6-year anniversary! Over the past six years, it has been our honor and pleasure to help so many incredible individuals and families achieve their homeownership dreams. From the beautiful coastlines of Maine to the charming neighborhoods of New Hampshire and the sunny shores of…
Read MoreBest Base Rate for 30 Year Fixed Since Q1 2022
YES … BASE RATES (before addons for LTV, DTI, and FICO) have FINALLY dropped to 5.500% today and is the lowest we’ve see this base rate since Q1 2022. This has obviously been a long period of time though greatly appreciated by those looking to purchase or refinance your home or investment property. (Note: LTV…
Read MoreRate Improvement Continues
The BASE RATES (before addons for LTV, DTI, and FICO) continue to creep downward over the last month and are holding steady and are the best we’ve since before the 10/7/2024 Jobs Report for September 2024 when our last base rate was 5.25% (Note: LTV = Loan To Value, DTI = Debt To Income, FICO…
Read MoreThe End of “Trigger Leads” Is Near: Senate Clears Ban, Awaits Presidential Signature
In a major stride for consumer privacy, the U.S. Senate has given unanimous consent to pass H.R. 2808, also known as the Homebuyers Privacy Protection Act, on August 2, 2025 (National Mortgage Professional). The bill now progresses to President Donald Trump for his signature. At Long Last, Relief for Homebuyers Trigger leads—the controversial practice where credit bureaus sell consumers’…
Read MoreTrigger Leads Under Fire: New Legislation Protecting Homebuyers Moves Forward
Homebuyers may soon find relief from the onslaught of unsolicited calls, texts, and emails that often follow a mortgage application, thanks to a major step forward in Congress to curb the use of “trigger leads.” On June 23, the U.S. House of Representatives unanimously passed the Homebuyers Privacy Protection Act (H.R. 2808) — a bill…
Read MoreWhen a Reverse Mortgage Makes Sense
Are you a senior homeowner exploring options to enhance your retirement income? If so, you may have come across the term “reverse mortgage.” This financial tool can be an attractive option for homeowners aged 62 and older who wish to convert part of their home equity into cash without selling their property. Despite its potential…
Read MoreBuilding Credit Fast: Simple Moves to Boost Your Score Pre-Mortgage
In the picturesque towns of Maine and New Hampshire, many share the dream of owning a charming home surrounded by serene landscapes. Before you can step onto that welcoming porch, however, an essential hurdle needs crossing—securing a mortgage. At Maine Mortgage Solutions, we understand the importance of having a good credit score not only for…
Read MoreReverse Mortgage Basics
Reverse mortgages offer a unique financial opportunity for seniors looking to boost their retirement income. Despite their potential benefits, reverse mortgages often remain misunderstood. If you’re considering this option, understanding the intricacies is essential. This guide aims to clarify everything about reverse mortgages, exploring their types, benefits, and potential risks. At Maine Mortgage Solutions, we…
Read MoreBuying a Home if You’re Self Employed
What is a 2-1 Mortgage Rate Buydown?
Navigating today’s complex real estate market requires more than just traditional mortgage solutions. One innovative option that offers considerable financial benefit is the 2-1 mortgage rate buydown. At Maine Mortgage Solutions, we specialize in making mortgage options accessible and understandable, empowering you to make informed financial decisions. Whether you’re a first-time homebuyer or anticipating future…
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