How jumbo loans work For most people looking to buy a house, a conventional loan or a government-backed mortgage, such as FHA or VA, is common in New England. But for those who are buying a property that extends beyond the loan limits with these programs, it requires what is known as a "jumbo loan." What is jumbo …
How to refinance: 6 best options
Understanding the different types of mortgage refinance Refinancing your mortgage can be a powerful financial tool, allowing you to adjust your loan terms, lower your interest rate, or even access cash for other needs. But with various refinancing options available in Massachusetts, it’s important to understand which …
Are mortgage rates going down?
Mortgage rates are on the decline Yes, mortgage rates are going down and this has sparked an exciting sudden change in the Massachusetts housing market. But who knows for how long? Many prospective borrowers with strong credit were locking their mortgages at the end of last week. Mortgage interest rates change all the …
How can I get a fast home loan or mortgage?
How can I get a fast home loan or mortgage? To increase your likelihood of getting a fast home loan or mortgage approval in New England, you should prepare to show yourself as creditworthy and financially stable in advance. Getting a mortgage is a major decision, and in today's market, you may need to be ready to make …
Continue Reading about How can I get a fast home loan or mortgage?
Saving money with a VA loan
Buying a home in the Methuen area can be a complicated and expensive process, especially if you're a first-time home buyer or a Veteran. Fortunately, if you are a Veteran or a surviving spouse of a Veteran, you might be eligible for a VA loan. With a VA loan, you can purchase the home of your dreams with zero down …
Is it the right time to refinance?
When mortgage rates start dropping, everyone wants to refinance their mortgage. Refinancing is replacing your current mortgage with a new loan. Typically, homeowners refinance to get a lower mortgage interest rate, but there are many other factors to consider when planning to refinance your home loan. What to consider …
