(978) 640-0620

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.

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).

Read more

How To Write A Home Offer

December 11, 2017

Preparing to sit down and put pen to paper when it comes time to write your offer can be an exciting and anxious time. How much should I offer? Should I try and negotiate or just lay my cards on the table?

Read more

What Should You Offer for That House

December 04, 2017

Is it priced right? How long has it been on the market? Are there repairs that need to be done? All vital questions when it comes time to make your offer!

Todays real estate market is a complex maze of obstacles like contingencies, counteroffers and closing costs! With so much to think about during this time, sometimes the one questions that has the most impact is, “What should I offer for that house?”

Read more

What is APR?

November 28, 2017

APR, are three letters often seen on credit card statements, auto loan documents, mortgage disclosure statements, advertised in association with various loan types, and discussed by bank representatives; but despite how often these three letters – this acronym – is presented to us in the various settings there is seldom a detailed explanation that accompany them. In fact, APR has been as constant a phenomenon as mortgage lending is a tradition, but it was not shared with the public until legislation passed in the US Congress requiring it to be disclosed as a cost on mortgages and other consumer loans.

Read more

How to Fix Your Credit Score the Best and Quickest Way

November 17, 2017


Boosting or improving your credit score can be highly advantageous in getting better interest rates from the lenders on the loans, mortgages and credit cards. It also helps in increasing the financial options drastically, which previously were closed due to lower credit scores. It is a fact that the better are your credit scores, more you save yearly on your loan installments, credit card payments, mortgage, and so on.

Read more

Recent Posts