Those who say there’s nothing new under the sun haven’t heard the latest real estate news. The National Association of Realtors predicts 2014 will see 1.13 million new homes built in the U.S., up over 200,000 from the previous year.… more
A common question in the home buying process is how much can I get pre-approved for? The formula lenders use for qualification is called debt to income ratio, known as DTI which is your monthly debt divided by your gross income – income before taxes are taken out.… more
I have five things that you need to know about Mass Housing.
First; in select areas like Boston that are highly urban, you do not need to be a first time home buyer, so if you’ve already bought a home you can go buy another one.… more
With interest rates hovering at rock bottom, homeowners in record numbers are refinancing to get the best deal available. Applications for refinancing a mortgage have hit the highest level in three and a half years nationally.… more
Introduction to Shared Appreciation Mortgages
Mortgages are defined as being a loan that has been secured using real estate. A shared appreciation mortgage is as its name indicates, a mortgage where the borrower agrees to pay part of the appreciation in the value of the real estate used to secure the mortgage to the lender.… more
We’re not afraid to talk about it: Other than then usual sources, such as a bank or a lender that most people use to obtain a mortgage loan in Greater Boston, another viable option available to you is to simply take a loan from a family member or a close friend.… more