10 Tips for First Time Homebuyers

10 Tips for First-Time Homebuyers Are you a renter with a secure source of income? Is your credit history good? Do you plan to stay in the same area for at least the next four years? If you answered yes to those questions, welcome to the housing market. It might be time to stop thinkingContinue reading “10 Tips for First Time Homebuyers”

What rates are the Fed’s adjusting?

The Federal Reserve System (also known as the Federal Reserve or simply the Fed) is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to the desireContinue reading “What rates are the Fed’s adjusting?”

Let’s Talk Credit: Understanding your Credit Score

Did you know? FICO is an acronym for Fair Isaac and Company. In the 1950’s, Fair Isaac and company created the mathematical calculation that is used to determine your credit score.  It is a tool that was designed to determine one’s credit score and dependability in paying bills. The terms credit score and FICO scoreContinue reading “Let’s Talk Credit: Understanding your Credit Score”

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). TheContinue reading “What affects your credit?”

Fed Leaves Interest Rates Unchanged… And…

A divided Federal Reserve held the line on interest rates Wednesday and indicated formally that no cuts are coming in 2019. The decision came amid divisions over what is ahead and still leaves open the possibility that policy loosening could happen before the end of the year depending on how conditions unfold. The central bankContinue reading “Fed Leaves Interest Rates Unchanged… And…”

Mortgage Rates continue to drop… But Why?

Mortgage rates are improving every day, the treasury markets are having the biggest really since 2008!?  Why??  Actions by President Trump and the Tarrifs that are being implemented.  Fed funds futures contracts extended their rally and are now indicating more than half a percentage point of interest-rate cuts this year by the U.S. central bank.Continue reading “Mortgage Rates continue to drop… But Why?”

Feds leave rates unchanged

The Federal Reserve left borrowing costs unchanged, continuing to delay any rate moves amid persistently low inflation. The U.S. central bank voted unanimously Wednesday to maintain its benchmark interest rate in a range of 2.25 percent and 2.5 percent, a move that many anticipated despite stronger-than-expected growth in the first quarter of 2019 and anContinue reading “Feds leave rates unchanged”

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%?  EvenContinue reading “Federal Reserve Moves… Mortgage Rates???”

3% Down and No Mortgage Insurance on 2, 3 and 4 Family Homes

With the announcement from Fannie Mae of increased loan limits for 2019. Not only are the Fannie Mae loans benefiting, so are the MassHousing loans!  Did you know that Mass Housing (MHFA) loans are a safe and affordable alternative to FHA Mortgages.  Did you know the Mortgage Insurance for FHA never goes away!  Mass HousingContinue reading “3% Down and No Mortgage Insurance on 2, 3 and 4 Family Homes”

Can I give you a Piggy Back?

Whether you call them Piggy Back Loans, Blended Mortgages, A first and second, 80-10-10, these loans are extremely helpful in avoiding Private Mortgage Insurance (PMI). When you have less than 20% to put down on a home, you are charged Private Mortgage Insurance, this added cost is based on the actual down payment as wellContinue reading “Can I give you a Piggy Back?”