Why you should purchase now and start building equity If you’re considering buying a home in Massachusetts, there’s no better time than now to take the leap. While mortgage rates and home prices continue to dominate conversations about housing affordability, purchasing a home today is an investment in your future. …
Mortgage programs geared for retirees
Guide to home financing in retirement Retirement is a time to relax, travel, and enjoy the fruits of your labor. But what happens when you want to buy a new home, refinance your current mortgage, or downsize to a Massachusetts property that better suits your lifestyle? Many retirees assume that qualifying for a …
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Understanding bridge loans: a powerful financial tool for quick funding
Comprehensive guide to bridge loans In today’s fast-paced world, access to quick and flexible financing can make all the difference. One such financial solution that offers short-term relief is a bridge loan. Bridge loans are designed to “bridge” the gap between immediate funding needs and a longer-term financing …
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Debt-to-Income (DTI) ratio explained
Understanding the Debt-to-Income ratio: what it is and why it matters When you begin the homebuying process and apply for a home loan, you will encounter a term known as debt-to-income ratio. Debt-to-income ratio, or DTI, is the sum of all your monthly debt obligations divided by your gross monthly income. This is …
Beginners guide to home improvement financing
Unlocking your dream home: guide to home improvement financing options Home improvement projects can breathe life into your living space, increasing functionality and even enhancing the value of your Massachusetts property. Whether it's a minor renovation or a complete overhaul that one is looking at, it's all about …
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Chenoa Fund down payment assistance
How does the Chenoa Fund work? The Chenoa Fund provides second mortgages to be used with FHA loans to cover the minimum down payment requirement when purchasing an FHA-insured home. In effect, pairing the DPA with an FHA loan requires no money from the borrower, and the entire cost of the house is financed. The …
