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What do I need for a mortgage?
The basic tenents of mortgage lending are founded upon the four C’s of credit worthiness…character, capacity, collateral and credit. Lenders examine these characteristics to determine whether a mortgage applicant has shown evidence of their ability and willingness to pay back a debt and is likely to do so in the future. To facilitate this review, lenders require those who submit a Massachusetts mortgage application to provide documentation which leads to one [...]
Continue reading...Claiming the First Time Home Buyer Tax Credit? Check Out These Little-Known Facts to Avoid Trouble
18 March 2010
It is no secret that the First Time Home Buyer Tax Credit has been great at helping new buyers purchase a home (with great Massachusetts mortgage rates to boot!), but there are some little-known facts to claiming the First Time Home Buyer Tax Credit that have virtually been kept a secret. Due to an influx [...]
Continue reading...The Importance of Acting Now – Why Waiting Really Could Cost You
8 March 2010
Low interest rates this year have lulled many people into believing that Massachusetts mortgage rates in the 5.00% and lower range are “normal”. This is not the case and if you are in the position where you could refinance or are considering buying a home, complacency is not your friend. Stimulus provided by the Obama [...]
Continue reading...Massachusetts Mortgage Rates Revealed – How Lenders Determine Mortgage Rates Every Day
17 January 2010
Without question, the number one topic misunderstood by mortgage shoppers is how Massachusetts mortgage rates are determined every day. Most consumers incorrectly believe that the Federal Reserve sets “rates” and base their decisions on this faulty assumption. Even though the media has done a good job educating Massachusetts mortgage shoppers on the importance of getting a [...]
Continue reading...Understanding Closing Costs on a Massachusetts Mortgage – The New Good Faith Estimate Explained
6 January 2010
Along with the New Year, 2010 has brought the introduction of a brand new Good Faith Estimate for shoppers of Massachusetts mortgage rates. As part of long awaited RESPA reform, HUD has mandated the use of a standard Good Faith Estimate intended to simplify the disclosure of loan fees and Massachusetts closing costs to allow consumers [...]
Continue reading...Think You Know What’s Important About Massachusetts Mortgage Rates and Massachusetts Home Loans – Think Again!
2 January 2010
On its surface, getting a mortgage should be a simple thing. After all, there’s no shortage of information on the Internet about mortgages and consumers like you are offered a multitude of websites that will quote Massachusetts mortgage rates. But the problem with these resources is that they only scratch the surface and don’t go [...]
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- What do I need for a mortgage?
- Claiming the First Time Home Buyer Tax Credit? Check Out These Little-Known Facts to Avoid Trouble
- The Importance of Acting Now – Why Waiting Really Could Cost You
- Massachusetts Mortgage Rates Revealed – How Lenders Determine Mortgage Rates Every Day
- Understanding Closing Costs on a Massachusetts Mortgage – The New Good Faith Estimate Explained
- Think You Know What’s Important About Massachusetts Mortgage Rates and Massachusetts Home Loans – Think Again!
7 March 2011
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