Boston Metro North Real Estate

As the credit crunch bears down on us the financing of condominiums has become more difficult.  As of mid-December the FHA criteria for condominiums have changed making the "spot approval" (the approval of a single condominium rather than the entire project) of condominium projects no longer valid. So far in Tewksbury MA there are 7 ...

If you are thinking of buying a house in the next year this is a good time to pull your credit to see if there are any mistakes.  Up to 20% of all negative credit is a mistake.  Your credit has a lot to do with the interest rate you will receive and the programs available to you.  ...

Rate Lock Advisory - Friday Jun. 12th      Friday's bond market has opened in positive territory, continuing yesterday afternoon's rally. The stock markets are showing losses with the Dow down 9 points and the Nasdaq down 20 points. The bond market is ...

In today's tumultuous banking and real estate environment, lenders are looking at your credit score more than they have in the past.  Real Estate prices have dropped significantly, interest rates are low and sellers are tending to give a lot of concessions to buyers.  This could be a great time to buy for a first time home buyer or ...

If you purchased a home this year, this is a reminder to get your HUD settlement sheet out and give to your accountant. There are several items that may be tax deductible and should not be overlooked.  If you dont have your HUD settlement sheet.  Try contacting your agent, your banker or the closing company to put your hands on ...

In my experience... no.  If you have very little money to put down the FHA is doing loans for 3.5% down.   Rates on an FHA loan ranged from 6 to 6.5% with good credit scores. Advantages of an FHA Loan.Lower down payment- 3.5%Loan is assumableHigher qualifying ratios of 29% for housing and 41% for total debtUp-front Mortgage ...