Money and finance

Property Tax, Interest Rates, and Your Monthly Payment

What can cause your pre-approved mortgage to fail, last minute, in 2022? Property tax and interest rates. If you are borrowing the full amount of your pre-approved mortgage, you need to check the total monthly cost of a property before you make an offer. Your lender pre-approved you based on a typical property tax and

By |2022-06-07T09:37:11-04:00June 8th, 2022|Categories: Money and finance, Mortgage matters|Tags: , , , , |

Do you know what it will cost you to borrow at a higher interest rate?

As if this market isn’t hard enough on buyers, now you are getting hard-sell tactics about the rising interest rates. Buyers who are getting a mortgage to purchase need to pay attention to the interest rate that they are pre-approved at. Their buying power may go down, as interest rates rise. All mortgages are calculated

By |2022-05-01T10:09:37-04:00May 4th, 2022|Categories: Money and finance|Tags: , , |

Two Incomes and Your Mortgage: Covid Edition

Women who leave the workforce From March to June 2020, children were going to school via Zoom in most towns and cities in Massachusetts. Someone had to supervise children doing remote learning. Someone needed to be home, if the children were home. That someone was their mother, more often than not. Women who worked essential

By |2022-01-03T19:30:34-05:00January 5th, 2022|Categories: Happy Home Ownership, Money and finance|Tags: , , , , , , |

Are you Making a Mistake by Refinancing?

Given the historic lows for interest rates, it’s a good time for homeowners to review their mortgage information.  It’s easy to get excited by low rates, but everyone should evaluate a new loan based on their current financial situation as well as their long-term goals. Do the math to make a better decision on refinancing

By |2020-10-14T10:50:03-04:00October 21st, 2020|Categories: Money and finance, Mortgage matters|Tags: , , , , , |

Credit scores

If you are thinking of buying a house or condo, your credit score matters. A low score can Cause you to be unable to get a conventional mortgage. Drive up the price of your mortgage, because you are a higher-risk borrower. Sudden changes in your credit score, after you apply, can cause your mortgage to

Portfolio Lenders and Recasting Mortgages

Portfolio vs. conventional lenders A Portfolio Bank is a bank that lends their own funds into mortgages. They keep the mortgages in the bank and service the loans, which is a real advantage to homeowners. Portfolio lenders tend to be local banks and credit unions. A portfolio lender is able to make their own rules

Financial Tips for Veterans Who Might Buy a House

Are you or have you been in the U.S. military? Would you like to buy a house someday but you're not sure whether you have the finances to do it? Veterans' Legal Rights Anyone on active duty in the military is protected by the Servicemembers Civil Relief Act (SCRA). According to military.com, f you are

By |2020-07-23T07:47:25-04:00November 13th, 2019|Categories: Money and finance|

File this, save thousands on real estate taxes!

Residential exemptions make a big difference to property taxes in Massachusetts. While doing a comparative market analysis for a client, I noticed that half the condos were paying almost twice as much in taxes than other condos that were pretty much the same size and location. The difference wasn’t that some were renovated, thus worth

By |2020-07-23T17:16:21-04:00September 11th, 2019|Categories: Happy Home Ownership, Money and finance|Tags: , , , |