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
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
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
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
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
How will a hopeful 2012 compare to the previous year in home buyer attitudes? Where is the mortgage market going? In 2011, sure, the Greater Boston area was hit by the recession, with the usual story of mortgage defaults and bank foreclosures.… more
One of the most historic areas in the country, Boston has been an important city in American history and remains an important metro area today. Boston and the surrounding area offer prospective homeowners a wide variety of styles to choose from.… more