There are a variety of things that you can do to prepare for buying a home. A particularly critical one is to analyze your credit scores in advance as those scores affects your mortgage options and interest rate. The following are methods of improving credit before buying real estate in MA. Methods Of Improving Credit […]

The Consumer Financial Protection Bureau is in charge of administering and applying regulations pertaining to monetary transactions. The Real Estate Settlement Procedures Act (RESPA) is a federal law that specifically concerns real estate and loan transactions, including mortgages. One of the guidelines by RESPA is the requirement that a Good Faith Estimate (GFE) be provided […]

Pre-approvals do not guarantee final loan approval. Mortgage companies complete a detailed analysis before issuing an approval. This formal process does not typically begin until after a property is identified as they must look at both the personal data of borrowers and specifics of the real estate being financed. The following are some mortgage approval […]

Completing the home loan process will be confusing, particularly with all of the mortgage-specific phrases. Becoming familiar with common lending lingo may help the process. In this blog you will find details on common lending lingo in MA. Common Lending Lingo Pre-approval A pre-approval is a form written by a loan officer indicating the price and […]

HARP is a loan refinance program through Making Home Affordable (MHA) by the Departments of the Treasury and Housing and Urban Development (HUD). It was created to help homeowners current on their mortgage but who are unable to refinance since the price of their home has declined below the amount of their mortgage. Home Affordable Refinance Program […]

Appraisal and assessment values are frequently confused with one another. As a home buyer and home seller, it is crucial to distinguish the difference between the two. Information on MA appraisal and assessment values can be found below. What Are Assessment Values Municipalities charge a tax on residential properties. The amount is determined by a […]

Completing the mortgage process may be complex, particularly with all of the mortgage-specific terms. Familiarizing yourself with frequently used lending lingo will help the process. Below you will find details on frequently used lending lingo in MA. Frequently Used Lending Lingo Pre-approval A pre-approval is a letter prepared by a mortgage company detailing the dollar amount […]

There are several major distinct steps in the real estate purchase process, and several relate to the mortgage. It can be confusing for both first time and experienced home buyers. This blog offers important information about steps in the financing process for buying MA real estate and includes what you may want to know prior […]

FHA 203k is a home purchase alternative offered by the department of Housing and Urban Development (HUD) for real estate requiring rehab. The program permits home buyers to purchase a home and finance the cost of repairs. Typical loans mandate that properties be in livable condition. FHA 203k is a alternative option for short sale […]

Some are surprised to hear that the USDA (US Department of Agriculture) provides financing for home purchases. The mortgages can be used for real estate in specific non-metropolitan towns and have optional terms and features. This blog provides MA USDA mortgage options. MA USDA Mortgage Options Benefits of USDA Programs The loan is completed by […]