The Home Buying Deal Killers

Buying a home is very exciting. However, nothing can be a bigger disappointment than finding out that your loan is denied before you are about to close your transaction! You’re a week away from having the keys to your new home and your loan officer calls to let you know that your loan was denied …

Is it too late to Refinance?

It's not just about interest rate anymore, it's about cashflow!    Back in the early 90's, to refinance, it was suggested that you drop your rate by 2 percentage points.  Loan Amounts at this time were far less and you needed a significant drop in rate in order to save money. Ever hear something like …

Before Putting Your Home on the Market

Documents you will need Deed If you have right of ways, deed restrictions or easements get the documentation that clearly spells out the restrictions of the property. Know if you are in a flood plain - FEMA’s website can be helpful. Go to the Town Hall: Field card at the assessor’s office Get your most …

10 Things to do before listing your home

With the onset of the spring home-buying season, home inspections are a must for the seller.  To help make the selling process easier for you, it makes sense to have your home inspected before listing it.  It may sound like a hassle but it could save you a lot of money and stress early on.  …

What affects your credit?

Did you know that a large portion of your mortgage approval and mortgage rate are based on your credit scores.  In today’s market, it is now more important than ever to pay attention to your credit scores as well as the balances you keep. Credit scores were developed by Fair Isaac and Company (FICO). The …

Federal Reserve Moves… Mortgage Rates???

I wrote this blog over 2 years ago, and it applies to the same principles of today. This is also why you will see the picture of Janet Yellen to the right who has since been replaced by Jerome Powell. Did you know in the Month of December, Mortgage Rates have dropped nearly 1/2%?  Even …

FNMA (Fannie Mae) Raises Loan Limits!!

If you remember the 90's and the early part of the 2000's, you expected Fannie Mae to raise its Loan Limit for residential loans. It was a sign of the times and the Housing Market was booming!  When I first started in 1991, the loan limit was $191,250.  This was the maximum conforming loan amount Fannie Mae …

If you can afford to Rent, Then you can afford to Buy!

If You Can Afford to Rent...Then You Can Probably Afford to Own. Interest rates are near historic lows. Purchasing power has increased, and the cost of renting in many areas is now greater than the cost to buy. Some say mortgage loans are impossible to obtain without perfect credit and 20% down. Want the truth? Read …

My 11th Pan Mass Challenge

11th Pan Mass Challenge  I ride for a reason and I ride for a cause and because of this,  I ride with No Pain, I Ride in the cold, I ride in the rain, I ride for hours upon hours so that I can help those who can't ride. This will be my 11th year …

1% increase in mortgage rates will cost you $50k in Buying Power!

We have seen mortgage rates as low as 3.250% in Fall of 2016 to a high of 5.25%  in October 2018.  We have to readjust our purchasing power and how these rates can affect how much we can afford for a home.  This means going to your lender and having your "Pre-Approval" updated to reflect the current …