The last time we saw mortgage interest rates this low, it was 2015! While seasonal slowdowns usually hit the mortgage industry around this time, most lenders are still incredibly busy. The Mortgage Bankers Association stated that it is refinancing that has fueled this activity. “The refinance index was up 10 percent …
Home Appreciation is Strong and Rates are Low!
Is Now the Right Time for You? The housing market is in under the microscope right now. Everyone is trying to predict when home values will peak and mortgage rates will be at their lowest. Many industry experts think now is the time to maximize the benefits of both home appreciation and low mortgage interest …
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Is It Time To Buy Or Sell Your Home?
Take the advice of Two Local North of Boston Experts! Tom Patch, Loan Officer at Mortgage Equity Partners in Lynnfield and Geri Farrelly, Broker/Owner of Farrelly Realty Group in North Reading know the local market and want you to be in the know too! “Everyone can benefit from low mortgage interest rates right …
Social Media Marketing a necessary evil or your new best friend?
There is no denying that Social Media is necessary for a company or service provider to be in business in 2019. It is here to stay, and it will continue to evolve. But, it can be fun and could end up being your best friend if you can figure out how to harness its powers to generate some business. It is a lot easier …
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Top 5 Best Tips For First-Time Homebuyers
Congratulations! You’ve decided it is time to buy your very first home! Soon you will have the key in hand, rooms ready to be made cozy, bones ready to settle in. But, you may discover you need to pay thousands for fixes you didn’t know about. You will run out of eggs one morning, and “oh no!” the closest grocery store …
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Why do lenders need so much paperwork to do a mortgage?
Mortgage lenders are required to follow the guidelines set up by the Federal Government, particularly the CFPB. The new regulations requiring additional paperwork and verification came about in direct response to the housing crash in 2008. Too many borrowers got loans for which they didn’t qualify. Many of them …
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