financing

Aug. 16, 2016

MA Home Equity Loan Tips

There are many different types of home equity loans. Some can be a better fit than others based on your circumstances, mortgage rates, and the purpose of your home equity loan. The MA home equity loan tips provided below may help you evaluate your options.

Types of Home Equity Loans ...

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Aug. 9, 2016

Overview Of HomeStyle Home Loans

Fannie Mae HomeStyle home loans allow people to include the expense of contract work into the loan. It can be used for the acquisition of a new home or the refi of a current home. It can apply to little or big projects and therefore is a great option for ...

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Posted in financing
July 12, 2016

Details On Reverse Mortgages For Massachusetts North Shore Real Estate

Reverse mortgages could be a useful resource for the right type of homeowner. It is essential to obtain all the facts before obtaining a reverse mortgage. This article offers details on reverse mortgages for Massachusetts North Shore real estate.

Reverse Mortgage Definition

A reverse mortgage is a special type of ...

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May 24, 2016

A List Of Lender Closing Charges In Massachusetts

When you obtain a mortgage for a real estate purchase, you will incur many different charges associated with the mortgage. These are often called closing costs, but there are actually various types of expenses that fall into that classification. This article covers a list of lender closing charges in Massachusetts ...

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Posted in financing
March 15, 2016

FHA New Construction Mortgage Overview For Massachusetts Homes

When building a new house over buying a resale, you may think that a conventional home loan is the only alternative. You may want to know that FHA has a loan for new construction! There are a few important differences between conventional and FHA new construction mortgages, which are detailed ...

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Posted in financing
March 1, 2016

Massachusetts Mortgage MI Definition

Mortgage insurance (MI) is a policy required by lenders to protect them from losses if a property owner fails to pay their mortgage. When the mortgage company goes to relinquish a home, they are unlikely to obtain the total remaining balance on the loan. MI applies to first mortgages where ...

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Posted in financing
Feb. 9, 2016

Special Programs For Massachusetts Home Buyers

Special Programs For Massachusetts Home Buyers

Home purchase assistance programs are readily available, yet many buyers do not know about them. There is a common misconception that the programs apply only to first time home buyers, but that is certainly not true for all of the programs. If you are ...

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Posted in financing
Jan. 26, 2016

Interest Rate Fluctuations Impact Massachusetts Home Loan Pre-approvals

When you get qualified for a home loan, it is based on a certain monthly payment. The interest rate is assumed (as well as other amounts such as property taxes and hazard insurance). Interest rate fluctuations impact Massachusetts home loan pre-approvals since it impacts the principal and interest part of ...

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Posted in financing
Jan. 5, 2016

Massachusetts FHA 203k Financing Guidelines

Massachusetts FHA 203k Financing Guidelines

FHA 203k is a loan program subsidized by the department of Housing and Urban Development (HUD) for properties requiring significant repairs. The program permits buyers to purchase real estate with the expense of repairs included. Traditional loans require that properties be in a certain condition ...

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Posted in financing
Dec. 15, 2015

Home Affordable Refinance Program (HARP) Benefits in Ma

Benefits of the Home Affordable Refinance Program (HARP) in Massachusetts

HARP is a mortgage refinance program that is part of an effort called Making Home Affordable (MHA) by the Departments of the Treasury and Housing and Urban Development (HUD). It is designed to help homeowners with good payment history but who ...

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Posted in financing