Tag Archives: Boston

Selecting From the 4 Primary Boston Home Types – Boston Mortgage Tips

Before you start searching for the perfect house in the Greater Boston Area, you should decide on the type of house which you want. This is an important first step; not only are there many types of homes on the market, you will also be spending a great deal of money, so it’s important to buy the home you want.… more

3 Common Roadblocks to FHA Loans – Boston Mortgage

If you’re thinking about securing a mortgage in the Greater Boston area, you’d be wise to consider an FHA loan. A loan insured by the Federal Housing Administration (FHA) offers tremendous benefits, including lower down payments, better interest rates, and easier credit qualifications.… more

How Much You Can Get Pre-Approved for and Debt to Income Ratio Explained – Boston Mortgage

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

Mortgage Loan Brokers in Boston

A mortgage loan broker is basically a middle man of sorts whose main goal is to bring a borrower and a lender together. If you contact a broker in Boston and hire him or her, the broker will search through the many lenders in the Greater Boston area and provide you with the many options which are available.  … more

Five Things You Need to Know about Mass Housing Loan Program Before You Buy a Home – Boston Mortgage

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

Dropping The FHA Mortgage Insurance Premium – Past & Present – Boston FHA Loan Insights

All mortgage loans from the Federal Housing Administration require Mortgage Insurance Premiums, which is equivalent to the Private Mortgage Insurance charged by private lenders. In the past, the payment of these premiums could be dropped after a certain period of time, paying off a certain amount of the loan.… more