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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.

What is a Loan Estimate?

August 27, 2020

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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The Art of Getting Rid of PMI

August 03, 2020

Any time a home is purchased with a conventional loan with a deposit of less than 20 percent, the lender will require the purchaser to pay PMI, or private mortgage insurance.

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Applying for Mortgage? Causes for Concern on Your Bank Statements

March 23, 2020

When applying for a mortgage, your mortgage lender will require you to submit many forms and fill out various (never-ending) paperwork.  Once of the financial documents you will be required to submit is your bank statement.  As you will find below, your bank statement is just as important as your pay stubs and your tax returns when trying to get approved for a mortgage.

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What Will the Real Estate Market Look Like in 2018?

February 05, 2018

At the start of any New Year everyone likes to make new resolutions. Whatever your resolution is, we wish you all the best! But, if your resolution revolves around real estate and potentially buying or selling a home, we want to help you meet that goal.

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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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