Tag Archives: Loan

Don’t Let Student Debt Stop You from Buying a Home, Maximize Your Purchasing Power – Boston Mortgage

Deferred installment debts such as student loans must be included as part of the borrower’s recurring monthly debt obligations. If the borrower’s current report does not indicate the monthly amount that will be payable at the end of the deferment period, the lender must obtain copies of the borrower’s payment letters or forbearance agreements so that a monthly payment can be determined and used in the borrower’s total monthly obligations.… 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

Foreclosure In The Greater Boston Area – Loan Options Available To Home Owners

While foreclosure is a traumatic and stress inducing event, there are options available to you as the owner of the house. If you take action quickly, these options will allow you to stop the foreclosure process and save yourself a lot of problems.Options That Allow You to Keep Your House Image credited to gobankingrates.com As the title suggests, there are a few options available to homeowners, which if exercised properly will allow you to stay in your home and stop foreclosure simultaneously.… more