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.
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.
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: Home-buying Tips, Mortgages 101
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
Aug 22, 2016 2:18:13 PM
For most Massachusetts, New Hampshire, and Rhode Island homebuyers researching lenders and home loan programs, the mortgage interest rate is one of the most important factors in deciding which lender and/or loan program to use to finance the purchase of a home.
Topics: Home-buying Tips, Condominium, Mortgages 101
Jul 3, 2016 1:14:21 PM
There is a lot to know and understand about mortgage loans when you're a first-time homebuyer. There also are a lot of mortgage misconceptions, but the following are four of the more common myths about getting a home loan Massachusetts homebuyers should know.
Topics: Home-buying Tips, Mortgages 101
Jun 20, 2016 7:20:43 AM
Average U.S. mortgage interest rates declined for the second consecutive week and interest rates hit a new low for 2016, Freddie Mac reported June 16, 2016 in its weekly Primary Mortgage Market Survey.
Topics: Mortgages 101, Mortgage Rates & News
May 11, 2016 10:16:34 AM
If you are considering the purchase of a home, you're likely aware of the importance of obtaining a mortgage loan. What you might not be aware of is that what may seem like routine financial moves can derail the home loan process and prevent you from buying a home.
Topics: Home-buying Tips, Mortgages 101
Apr 16, 2016 1:19:16 PM
The new Truth-in-lending RESPA Integrated Disclosure (TRID) rules created a new form called the Loan Estimate.
Topics: Home-buying Tips, Mortgages 101, Mortgage Rates & News
Apr 4, 2016 9:00:46 AM
When you are ready to buy a home your credit score plays a big role in determining what mortgage loan programs you might qualify for, as well as how much you'll pay for mortgage insurance, if you lender requires it. The better a homebuyer's credit risk the more lending opportunities are available to him or her.
Topics: Mortgages 101, Loan Programs, Mortgage Rates & News
Mar 19, 2016 1:30:00 PM
Massachusetts first-time home buyers who fall into the low- to moderate-income category will want to consider the "ONE Mortgage" loan program from the Massachusetts Housing Partnership.
Topics: Home-buying Tips, Mortgages 101, Loan Programs
Mar 4, 2016 10:00:00 AM
When you buy a single-family home or condominium in Massachusetts your mortgage lender will want to know whether the home you are buying is worth the amount of money you have agreed to pay the seller.
Topics: Home-buying Tips, Mortgages 101, Real Estate Misc.
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