Homebuyers that have less than a 20 percent down payment when purchasing a home might have to pay monthly private mortgage insurance, or PMI. It also is referred to as just mortgage insurance, or MI.
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(978) 835-5906
Feb 28, 2016 7:11:25 PM
Homebuyers that have less than a 20 percent down payment when purchasing a home might have to pay monthly private mortgage insurance, or PMI. It also is referred to as just mortgage insurance, or MI.
Topics: Home-buying Tips, Mortgages 101, Video
Feb 27, 2016 8:04:22 PM
A few months ago all the so-called mortgage experts and real estate pundits were convinced that interest rates for mortgage loans were going to start increasing in 2016, signaling the end of years of abnormally depressed borrowing costs. They predicted homebuyers were about to experience significantly increasing interest rates for the first time in years.
Topics: Mortgages 101, Mortgage Rates & News
Feb 25, 2016 7:03:34 AM
A real estate appraisal, sometimes referred to as a home appraisal, is an estimate of a property’s value. Property value is based on such factors as location, amenities, structural condition, square footage, number or bedrooms, number of bathrooms and recent sales of similar nearby properties.
Topics: Home-buying Tips, Mortgages 101, Real Estate Misc.
Feb 24, 2016 3:57:38 PM
Single-family home sales in Massachusetts increased more than 25 percent in January compared to January 2015, The Warren Group, publisher of Banker & Trademan, reported February 23, 2016.
Topics: Real Estate Market, Massachusetts Home Prices, Massachusetts Association of Realtors, The Warren Group
Feb 20, 2016 10:11:45 AM
A Closing Disclosure is a five-page form that provides the final details about the mortgage loan you have selected. It includes the loan terms, your projected monthly payments, and how much you will pay in fees and other costs to get your mortgage (closing costs).
Topics: Home-buying Tips, Mortgages 101
Feb 15, 2016 7:00:27 AM
The number of Massachusetts single-family home sales pending in January 2016 increased 39.7 percent to 3,914 compared to 2,802 pending sales in January 2015, according to data compiled by the Massachusetts Association of Realtors (MAR).
Topics: Real Estate Market, Massachusetts Association of Realtors
Feb 14, 2016 1:43:33 PM
Since the start of the foreclosure crisis about 10 years ago, the economy has improved, more people are working and home sales and prices have increased. So why did Massachusetts foreclosure activity jump in 2015?
Topics: Real Estate Market, Foreclosure News, The Warren Group
Feb 13, 2016 10:51:12 AM
Mortgage interest rates are cooperating. Now Massachusetts homebuyers just need some more real estate inventory, so that they can take advantage of the lower cost of a home loan.
Topics: Mortgage Rates & News
Feb 10, 2016 6:52:55 AM
Massachusetts first-time homebuyers didn't let increasing home prices and a lack of inventory deter their participation in the real estate market. Massachusetts first-time home buyers made up 41 percent of the total home-buying population in 2015, an increase from 39 percent in 2014, according to the 2015 Massachusetts Profile of Home Buyers & Sellers.
Topics: Real Estate Market, Massachusetts Association of Realtors, Real Estate Misc., National Association of Realtors
Feb 8, 2016 6:30:00 AM
The median price of a South Boston condominium increased 12.1 percent to $560,000 in 2015, according to data compiled by the Greater Boston Association of Realtors. Condo inventory remained tight, but new condo listings doubled in December. The following infographic provides homebuyers with more details about the South Boston real estate market.
Topics: Real Estate Market, Community Information, Massachusetts Home Prices, Boston, South Boston
Feb 6, 2016 6:00:00 AM
Average U.S. mortgage interest rates declined for the fifth straight week, Freddie Mac reported in its weekly mortgage market survey on February 4, 2016.
Topics: Mortgages 101, Mortgage Rates & News
Feb 5, 2016 8:00:00 AM
Boston's South End neighborhood is a hot real estate market, with rising condominium prices and scarce inventory. The median condo price and number of units sold increased in December 2015, as well as the during the full year. The following infographic provides some additional details for potential homebuyers.
Topics: Real Estate Market, Community Information, Massachusetts Home Prices, Boston, South End MA
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