Boston Metro North Real Estate

Dealing with Residential Real Estate in the Merrimack Valley. Articles on Home Selling, Home Buying, Foreclosure and short sales.
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  • Is obtaining financing that hard?

    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 ...
    Posted to More about Merrimack Valley Real Estate (Weblog) by 108393 on November 4, 2008
  • Is now the right time to buy?

    Housing prices are low, potentially near the bottom.  Interest rates are low, hovering around 6%.  Now could be the right time to buy if you are a first time home buyer or a move up buyer.  There are several considerations to make and the decision should not be taken lightly.Is there a need for you to make a purchase.... expanding ...
    Posted to More about Merrimack Valley Real Estate (Weblog) by 108393 on November 4, 2008