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The 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…
Read MoreUnderstanding Mortgage Points
When delving into the complex realm of home buying, new homeowners are often confronted with numerous terms that might initially seem daunting. One such term is “mortgage points.” These points can significantly reduce your mortgage expenses over its duration, making them a key concept for potential homebuyers. This guide will unravel what mortgage points are,…
Read MoreBuying a Home with Less Than Perfect Credit: Steps and Solutions
Purchasing a home with less-than-perfect credit may seem daunting, but it’s a dream you can achieve with the right approach. Even if your credit score is not ideal, various strategies and resources can help you successfully navigate the home-buying process. With determination and strategic planning, you can find yourself unlocking the door to your new…
Read MoreExploring Low Down Payment Mortgage Options: Your Gateway to Homeownership
In the current dynamic real estate market, exploring low down payment mortgage options has become increasingly important for aspiring homeowners. The challenge of securing a substantial down payment often deters potential buyers, but the availability of low down payment mortgage options has made homeownership more achievable. Whether you’re a first-time buyer or returning to the…
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