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 well […]

Is Your Glass Half Full or Half Empty?

A psychologist walked around a room while teaching stress management to an audience. As she raised a glass of water, everyone expected they’d be asked the “half empty or half full” question. Instead, with a smile on her face, she inquired: “How heavy is this glass of water?” Answers called out ranged from 8 oz. […]

Adjustable Rates 101

An Adjustable Rate Mortgage provides a specific fixed rate term before becoming an adjustable mortgage.  An example: A 10/1 ARM is fixed for the first 10 years and then becomes a 1 year adjustable rate for the remaining term of the mortgage, thus giving you 10 years  of security at a fixed rate. Advantages: If you know […]

Pre-Qualification vs. Pre-Approval

In Today’s Real Estate Market, it is more important than ever to have a Pre-Qualification in hand when shopping for a home that has been prepared by a reputable Lender, Bank or Credit Union.  The terminology has changed from Pre-Approval to Pre-Qualification depending upon the detail of the Approval provided. Pre-Qualification A mortgage loan pre-qualification is […]

Lock your Rate up to 180 Days, then Re-Lock it!

What if I were to tell you that I have a special mortgage program?? What if I were to tell you I have some of the best mortgage rates?? What if I were to tell you I have very competitive closing costs?? Yup…ordinary, just like all the other mortgage companies, banks, credit unions etc!  Pretty […]

So…What happend to Mortgage Rates??

As we have learned…The Fed, The Economy and Wall Street are very similar to the weather here in New England, just wait 5 minutes and it will be different. In this case it was a True Nor’ Eastah!! The Fed, which can be a love hate relationship, has a strategy that has been open-ended, it […]

My Personal Passion: The Pan Mass Challenge

In 11 days I will be riding in my 9th PMC, raising funds for The Dana Farber/Jimmy fund.  I’m very excited to have the opportunity to once again ride for a great cause!  Please help me, help them by donating to my ride this year.  Click the link to Donate to Bill’s ride.  Thank you […]