When you are qualified for a mortgage, it is based on a certain monthly payment. The mortgage rate is estimated (in addition to other figures such as property taxes and homeowners insurance). Mortgage rate fluctuations impact Waltham MA pre-approval Continue Reading
Mortgages
FHA Maximum Mortgage Amounts For Watertown MA
FHA changes their mortgage limits yearly. Buyers must know what they are and how they could change. For this year, in many regions, the limits have increased to accommodate the changing market. Here is an overview of the FHA maximum mortgage amounts Continue Reading
MassHousing Loans For Waltham MA Home Buyers
MassHousing is a not for profit public agency in Massachusetts that offers financing. They do not rely on tax revenues and are a self-supporting agency. Buyers may want to evaluate a MassHousing home loan as it may be more economical than an FHA Continue Reading
Arlington MA Home Loan Refinancing Information
Are you thinking of refinancing? Refinancing includes certain fees but can result in a lot of savings on monthly expenses. It may be with the current loan servicing company or an entirely new mortgage company. Arlington MA Home Loan Refinancing Continue Reading
What Makes Up Arlington MA Monthly Home Loan Payments
It is important to find out what makes up Arlington MA monthly home loan payments for budgeting purposes. The acronym PITI is commonly used to remember the items, which are principal, interest, taxes, and insurance. Not all mortgages will include all Continue Reading
Cancelling Mortgage Insurance From Conventional Home Loans
Mortgage insurance is usually assessed on normal conventional home loans with low down payments. The premium is charged each month and part of the mortgage payment. Cancelling mortgage insurance from conventional home loans will save money off your Continue Reading
An Explanation Of Income Vs. Debt Ratio For Waltham MA Financing Pre-approvals
Financial information plays a key role in mortgage pre-approvals. All lenders examine your assets, income, credit score and debts. These affect if you may get a loan and how much of a loan you can obtain. Below is an explanation of income vs. debt Continue Reading
An Introduction To Adjustable Rate Mortgages In Waltham MA
Adjustable rate mortgages are used by many home buyers because of the lower loan payments in the first years of making payments. The interest rate can be much lower than the fixed rate loans, but this is not always true. Buyers should evaluate the Continue Reading
Details On Commonly Used Lending Terms
Exploring the home loan process can be complex, especially with a lot of loan-specific terms. Understanding commonly used lending terms may facilitate the process. Below are details on commonly used lending terms. Commonly Used Lending Continue Reading
MA 97 Percent Conventional Loans
Most home buyers think that you need a large down payment to use a conventional loan, but this is actually not true.. Although FHA financing is common for first time property purchasers with small down payments, there are certain conventional Continue Reading
