A rehabilitation loan allows home buyers to purchase a home that may need repairs or renovations and bundle the costs of those improvements into their mortgage.
Sep 4, 2024 9:26:19 PM
A rehabilitation loan allows home buyers to purchase a home that may need repairs or renovations and bundle the costs of those improvements into their mortgage.
Topics: Home-buying Tips, Mortgages 101, Loan Programs, Real Estate Misc.
Mar 6, 2022 12:37:26 PM
Massachusetts home buyers gearing up to buy their first home this year need to know the number one tip to prepare for the 2022 real estate market. It's simple but critical for success.
Topics: Home-buying Tips, Loan Programs, Real Estate Misc.
Dec 1, 2020 8:58:34 AM
Massachusetts homebuyers should understand their debt-to-income ratio when applying for a mortgage loan because it is one way in which lenders measure your ability to manage monthly mortgage payments.
Topics: Home-buying Tips, Mortgages 101, Loan Programs
Apr 17, 2020 7:35:05 PM
Many first-time homebuyers are surprised at how much money you can earn and still qualify for the conventional MassHousing Mortgage program.
Topics: Mortgages 101, Loan Programs, Mortgage Rates & News
Apr 11, 2020 11:02:05 AM
Not enough cash for a down payment? That may not be an obstacle to homeownership for qualified Massachusetts first-time homebuyers.
Topics: Home-buying Tips, Community Information, Mortgages 101, Loan Programs, Haverhill MA, Lowell MA, Melrose MA, Peabody MA, Salem MA, Mansfield MA, Lynn MA, Taunton MA, Everett MA, Worcester MA, Malden MA, Lawrence MA, Revere MA
Jan 13, 2017 6:34:00 PM
Many homebuyers mistakenly think that MassHousing loans are only available to low-income first-time homebuyers in Massachusetts. Although there are income limits and loan limits, homebuyers are often surprised by how much a borrower can earn and borrow and still qualify.
Topics: Home-buying Tips, Mortgages 101, Loan Programs, Video
Jan 12, 2017 6:18:33 PM
(UPDATE: The Trump Administration on January 20, 2017 indefinitely suspended the recently announced FHA mortgage insurance premium reduction.)
Homebuyers will pay less for mortgage insurance when purchasing a home with an FHA loan starting later this month, the Federal Housing Administration (FHA) announced January 9, 2017; however, most Massachusetts homebuyers with credit scores 680 or higher still will have more appealing low down payment financing options.
Topics: Mortgages 101, Loan Programs, Mortgage Rates & News, FHA
Jan 12, 2017 8:55:00 AM
One of the most difficult parts of buying a home for Massachusetts first-time homebuyers is saving for the down payment. So how much cash on hand does a homebuyer need to buy a home?
Topics: Home-buying Tips, Mortgages 101, Loan Programs
Dec 22, 2016 9:41:22 AM
The following audio is from an interview on April 21, 2016, on Boston Herald Radio's Bizsmart show with host Rick Shaffer.
Topics: Real Estate Market, Loan Programs, Real Estate Misc.
Dec 1, 2016 12:36:37 PM
Massachusetts first-time homebuyers year after year cite saving for a down payment as the biggest obstacle to buying a home; however, many potential homebuyers mistakenly believe they need to save enough money for a 20 percent down payment.
Topics: Home-buying Tips, Condominium, Mortgages 101, Loan Programs, Mortgage Rates & News
Nov 16, 2016 8:58:00 AM
Massachusetts first-time home buyers sometimes feel like they are listening to a foreign language when learning about the many lending terms related to a mortgage loan. There are many and several sound similar. The following are 15 loan terms first-time home buyers should definitely know.
Topics: Home-buying Tips, Mortgages 101, Loan Programs, Real Estate Misc.
Aug 26, 2016 9:30:00 AM
Despite what many potential homebuyers are told by friends, family or acquaintances or learn from websites and other media, you do not need a 20 percent down payment to purchase a home.
Topics: Home-buying Tips, Condominium, Mortgages 101, Loan Programs, Mortgage Rates & News
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