Tag Archives: Cambridge MA

5 Mass Housing Home Loan Caveats for Condos – Boston Condo Loans

There are five things you need to know about buying a condo with a Mass Housing Home Loan. First: Mass Housing follows the general Fannie Mae guidelines for condo approval but has additional requirements.… more

Greater Boston Area Mortgage Rates and Growth of Cities – Boston Lender Analysis

Greater Boston Area Mortgage Rates and Growth of Cities Massachusetts home mortgage rates are, on average, lower than the national rate.  In contrast, the median price of a home in Massachusetts exceeds that of a home in other states across the nation. … more

Sommerville – An Affordable Boston Area Community for Mortgage Shoppers

Another of our community focus pieces: Sommerville is located approximately five miles North of Boston over the Charles River and just East of Cambridge. Some of the things which make Sommerville an attractive community to purchase property in are the lower than average home values, the variety of property available, the highly rated schools, and its reputation for being a safe community.… more

Common Mortgage Loans Offered by Lenders in Greater Boston – Boston Home Loan Update

When applying for a mortgage loan in Boston, it can help to familiarize yourself with the common mortgage loans offered by lenders in the Greater Boston area, to ensure that you get the best deal possible.… more

Good Reasons for Refinancing Your Home Loan – Greater Boston Refinance Update

Refinancing is defined as “Replacement of a debt obligation with another obligation under different terms and conditions”. In short you will approach your own lender to change the terms of your loan contract or approach another lender for a new contract entirely.… more

How to Know if a Jumbo Loan is Right for You – Boston Jumbo Loan Update

Jumbo loans are loans that do not meet Fannie Mae and Freddie Mac’s conventional conforming loan limits. Fannie Mae and Freddie Mac purchase loans from banks and other lending institutions to free up funds so lenders can write more loans.… more

2012 is Boston’s Come Back – Thaw is Probable – Boston Mortgage Update

Greater Boston area was hit by the recession in the past few years, and it saw its share of foreclosures and defaults. This was, however, true for most of the country and, looking on the bright side, Boston has been more stable in the home pricing situation than many cities across the U.S.… more

How to Get a Home Loan with No PMI – Boston Mortgage Update

Private Mortgage Insurance (PMI) is required on most mortgages to protect the lender in case the borrower defaults on the loan. If a potential homeowner can’t come up with 20% down, PMI may be required to qualify for a loan.… more

6 Reasons for Mortgage Loan Rejection and How to Resolve Them – Boston Home Loan Update

Was your mortgage loan application in the Greater Boston Area rejected by a bank? Do not lose hope. With some research, hard work, and persistence you will be able to get a mortgage loan from at least one lender.… more