The start of 2019 continued the recent good news on the mortgage interest rate front for Massachusetts homebuyers.
(978) 835-5906
Jan 6, 2019 2:14:49 PM
The start of 2019 continued the recent good news on the mortgage interest rate front for Massachusetts homebuyers.
Topics: Mortgages 101
Apr 29, 2018 10:07:53 AM
Average U.S. mortgage interest rates increased to the highest level in more than four years for the week ending April 26, 2018, according to Freddie Mac's Weekly Primary Mortgage Market Survey.
Topics: Mortgage Rates & News, Mortgages 101
Jan 19, 2018 4:18:36 PM
You're almost to the finish line.
Topics: Home-buying Tips, Mortgages 101
Jan 14, 2017 3:24:23 PM
The bad news is the income limits just declined in December. The good news is that the income limits for MassHousing Mortgages are still higher than you might think.
Topics: Loan Programs, Mortgages 101, Mortgage Rates & News
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: FHA, Loan Programs, Mortgage Rates & News, Mortgages 101
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 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: Loan Programs, Mortgages 101, Condominium, Home-buying Tips, 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: Real Estate Misc., Mortgages 101, Home-buying Tips, Loan Programs
Nov 9, 2016 9:45:00 AM
A common concern among potential homebuyers shopping for a mortgage is that multiple credit inquiries will negatively affect their credit score. It's not exactly true and has been perpetuated by some mortgage professionals who want to discourage potential borrowers from shopping around.
Topics: Mortgages 101, Home-buying Tips
Oct 28, 2016 11:54:50 AM
You have provided your loan officer with your pay stubs, W-2s, tax returns, bank statements and other financial documents. The lender has reviewed the documents and provided you with a pre-qualification or pre-approval letter. You're all set to go house hunting in Massachusetts, and you'll know exactly how much it will cost you to be a homeowner. Not exactly.
Topics: Mortgages 101, Home-buying Tips
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: Mortgage Rates & News, Mortgages 101, Home-buying Tips, Loan Programs, Condominium
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