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New England Title & Escrow Services | Massachusetts Real Estate Attorney | Blog

New England Title | Massachusetts Real Estate Attorney | Blog

 

What you need to know about the New England real estate and lending market.

Privacy Protection for First Time Homebuyers

December 24, 2017

Buying your first home is filled with many other first-time experiences, one of the most common being applying for a mortgage. While many lenders have simplified this process over the years, the need to verify your debt and income almost always comes into play. To do this, your lender will likely request lots of information, information that you’ve repeatedly been told to keep in a safe place and not share with anyone. While you may feel hesitant about sharing such confidential information, rest assured that there are federal and state laws in place to protect you. In fact, the Consumer Financial Protection Bureau says that to even receive a loan estimate you should be prepared to provide a prospective lender with the following:

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Five Tips to Slash Your Home Finance Costs

December 22, 2017

It’s no wonder that the majority of homeowners dream of one day being able to pay off their home loan and live a life free from the shackles of interest rates, home finance and worries about meeting the monthly mortgage payments because the largest expense the majority of us take on in a lifetime is our mortgage and each month our home finance payments take a substantial chunk out of our take home pay.

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Boundary Line Disputes

December 20, 2017

If you are a property owner in New England, you always need to make sure that you do all you can to maintain a strict boundary line. And while you can talk with your neighbor and build a shed on his property or let him put some stuff on your property, you do need to do this in writing.

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Benefits to Homeownership Outweigh Mortgage Risks

December 18, 2017

For people considering buying a home for the first time, things can be a bit intimidating. You just have to keep in mind the benefits far outweigh the risks.

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Adjustable Rate Mortgage (ARM) vs Fixed Rate Mortgage (FRM) Contrasts in Mortgage Financing

December 14, 2017

Various factors enter a borrower’s decision-making process when it becomes necessary to obtain an ARM (Adjustable Rate Mortgage) or a FRM (Fixed Rate Mortgage) to finance a home purchase or refinance an existing mortgage; and on some occasions, not all factors are known to the decision maker until s/he is in the presence of a bank or mortgage lender representative.

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