FHA loan programs ordinarily require an Up-Front Mortgage Insurance Premium (UFMIP) collected at closing plus an Annual Mortgage Insurance Premium (MIP) billed with each mortgage payment. The mortgage insurance premium is based upon the date on which the FHA Case Number is issued and remains until a loan balance falls below a specific amount. FHA […]
MA Title Insurance Important Facts
MA home buyers often ask about title insurance, what it is, and and if it is necessary. Lender’s title insurance is required by the lender, however, owner’s title insurance is an optional feature. MA buyers should assess the facts and decide for themselves whether they ought to buy it. The following are MA title insurance […]
Reasons Why Buyers Should Get Pre-approvals Prior To Seeing MA Homes
When looking to buy real estate in Massachusetts, it is natural to be very excited and want to start visiting homes as soon as possible. In that excitement, you may overlook the important step of starting a mortgage pre-approval. A pre-approval is a preliminary look at your finances and credit scores to identify whether you […]
MA FHA Home Loan Program Overview
FHA is a home loan program where private mortgage insurance is provided by the Federal government. Most major banks offer FHA program options. Although the program is often utilized by first time home buyers, it is not limited to first time buyers. This blog provides MA FHA home loan program overview and pre-approval advice to […]
Boston MA Loan Professionals
Obtaining a home loan may be a complicated process because of the different mortgage programs, the documentation required, and the review process. Selecting Boston MA loan professionals can minimize some of the difficulty. Below are details on the benefits of utilizing Boston MA loan professionals. Advantages of Boston MA Loan Professionals Boston MA Mortgage Alternatives […]
An Explanation Of BOSTON MA Common Tax Advantages For Owning Real Estate
There can be many common tax advantages for owning real estate in Boston MA through use of tax deductions. Deductions lower your taxable earnings and therefore result in fewer taxes. It is important to understand the tax benefits before purchasing or when evaluating renting vs. buying. This article provides an explanation of MA common tax […]
Woburn MA Homeowner Loan Refinance Advice
Woburn MA homeowners may think about refinancing while interest rates remain low. Refinancing involves some up-front costs but can lead to smaller monthly payments. It can take place with the existing lender that retains a mortgage or a entirely different bank. Below details Woburn MA homeowner loan refinance advice including the costs and reasons for refinancing. When […]
Details On Lender Closing Charges In Massachusetts
When you obtain a mortgage for a home purchase, you will be faced with a range of expenses associated with the mortgage. These are typically called closing costs, but there are different types of fees that fall into that classification. This blog provides details on lender closing charges in Massachusetts. Lender Closing Charges Points Points […]
Massachusetts Homeowner Loan Refinance Tips
Massachusetts homeowners should evaluate refinancing while interest rates remain low. Refinancing includes some up-front costs but can result in dramatic savings on monthly payments. It can be with the current mortgage company that owns a mortgage or a new lender altogether. The following provides Massachusetts homeowner loan refinance tips including the expenses and benefits of refinancing. Timing […]