For many consumers, checking their credit score can yield a variety of results. With instant access to credit scores now available through most major credit cards, banks, and other sites, it has never been easier to see where you stand. Credit scores can vary from one service to the next and depending on which credit […]
New construction is up in New England and nationwide. Here are some reasons why: 1. The improved economy has driven more builders to re-enter the home building market. 2. There is now a shortage of existing homes for sale in most price ranges. 3. Bidding wars often occur on existing properties but new construction may free buyers from this uncertainty and give them more […]
You may have heard of Fannie Mae and Freddie Mac. These are government-sponsored enterprises (GSE) which securitize your basic conventional mortgages. Despite their many similarities, their guidance on how to qualify a borrower with student loans differ significantly. Now, in addition to conventional GSE’s, there are also Government loan options such as FHA, Rural Housing and […]
Many homebuyers go into their purchase thinking they can refinance into a lower rate in the future. Although this may be true, it’s not something that one should consider as a factor when deciding to buy a home. Who knows what rates will be or what qualifying guideline may prevent a refinance from being a […]
Congratulations! You found the house you want to buy. You’ve negotiated a sales agreement – you have a signed offer. What next? You need to give the sales agreement to your lender. Your lender will create a property-specific loan application and forward the application and disclosures for you to sign. Once you have signed these […]
Many people refinance their mortgages for different reasons depending on where they are in life. We have taken a look at the top four reasons that people decide refinancing is right for them. Here are the top reasons to do so and how it can help you financially: Get a lower payment. If you can […]
