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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.

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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Reverse Mortgage: Benefits and Liabilities

December 14, 2017

The reverse mortgage loan – also known as the HECM (Home Equity Conversation Mortgage) loan – is a FHA-insured mortgage available to homeowners who have attained the age of 62 and have enough equity in their homes to support the mortgage. The loan size is determined by two primary factors: Equity in the home and age of the home owner. While there are other factors taken into consideration based on how the loan proceeds are paid out (lump-sum, line of credit or monthly disbursements), the application process cannot begin in the absence of sufficient equity or old-enough owner(s).

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