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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.

Would You Buy a Home with Bitcoin?

January 21, 2019

You’re looking at real estate listings and you see one that says, Bitcoin Transactions Accepted. While this transaction is still far from being the “norm”, it is popping up more and more frequently. The younger generation and tech savvy population are adopting cryptocurrency as their main choice for making purchases. But there are still many buyers out there that would have absolutely no idea what that even means. Others might understand what it means, but do not have the trust in this type of financial transaction to consider this option.

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15 Year Mortgage, Pros and Cons

September 03, 2018

Once you have decided to join the ranks of homeowners, you need to decide what type of mortgage is right for you.  The most conventional choice for home loans is the 30-year mortgage.  The 30-year mortgage started to grow in popularity in the 1950s and quickly became the loan of choice.  While the 30-year mortgage is still the standard, the 15-year mortgage may be something to consider for new homeowners.

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What is a Loan Estimate?

May 07, 2018

A Loan Estimate is a document that details the terms of the home loan you are applying for.  By law, the lender you applied for a mortgage with must provide the loan estimate to you within three days of them receiving the application.  

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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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