Whether you’re buying a home or simply refinancing, it´s all about finding a lender you can trust who´ll put you into a loan program that´s right for you.
So many borrowers focus exclusively on low rates and low loan costs as their loan search criteria. That often turns out fine, but sometimes borrowers find later that there were conditions to the loan offer or hidden fees and costs.
You may do best by selecting a good local lender who will protect your interests, even if his rate or closing costs are a bit higher than the lowest quotes you get.
You can get great rates and terms from any number of lenders, but finding a loan professional you can trust may be worth much more to you in the long run.
The following posts review some common mortgage finance issues and solutions.
Contact us if you have questions or need a referral to a good local loan professional!
From the category archives:
If you’re interested in buying a foreclosed home in Massachusetts and will live in the property as your principal residence, there is a new program that may help you. Massachusetts recently announced modifications to the previously existing “SoftSecond” loan program which are aimed at encouraging low-and-moderate income buyers to purchase foreclosed homes in designated hard-hit [...]
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The 203K loan program helps finance the sale and repair of single and multi-family properties not exceeding 4 units. (We’ll exclude condominiums from this discussion; 203K loans for the purchase and rehab of condominiums can also be obtained, but under some additional guidelines). The 203K loan program enables buyers to finance the estimated cost of [...]
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The Internet is a great source of information and makes it easy to compare products, services and prices. But you can encounter a hidden risk when you evaluate competing mortgage loans on-line: a lot of the mortgage websites you visit really are secret “stealth” sites that exist solely to generate mortgage leads. Mortgage “stealth sites” abound [...]
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You don’t need 20% down to buy a home, even with today’s tight credit standards. FHA loans (administered by the US Department of Housing and Urban Development) are a very popular choice for home buyers because they require only 5% or even 3.5% down! Here are some of the advantages of FHA loans: Low Rates [...]
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Warren Reynolds, Esq, GRI, e-PRO
Tel: 508.613.2889 | Contact
Century 21 Commonwealth
15 West Central Street
Franklin, MA 02038
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