Boston real estate - buying a home, mortgage loans
A quick comparison for those of you thinking about buying today versus next year. Today: Buy a $500,000 home with a $450,000 mortgage loan (at 6.25% fixed-rate): $2,770 per month Next year: Buy the same home for $450,000 (you WISH – and hope) with a $400,000...Boston real estate - buying a home
So, the Boston Business Journal ran a story in their weekly print edition about how difficult it is to find a home in a new condo development in downtown Boston for under $500,000. Set out on a condo-shopping trip in Boston with $500,000 to spend and it takes only...Boston real estate - buying a home
So, if you’re just starting out thinking about buying your first home – your first condo, I mean – here’s everything you need to know. A unique set of considerations come into play when you buy a condo or loft. With a single-family residence,...Boston real estate - buying a home
Here are four basic (very basic) tips for someone looking to buy his or her first home. 1) Assess your credit: request your credit report to see where you stand; if you plan on buying soon, you need to clear up any errors or problems. 2) Figure out how much you should...Boston real estate - buying a home
So, I was watching last week’s episode of “Bought & Sold” on HGTV. They profiled a couple who were considering their first home purchase. Their real estate agent was ecstatic. He said he really enjoyed helping first-time homebuyers. He liked to...Boston real estate - buying a home, mortgage loans, the commonwealth
Governor Patrick Deval has proposed new regulations to protect borrowers from the dangers of subprime loans (and, from themselves?). Some of the proposal sounds worthwhile. Others, not so much. From the Boston Globe: Patrick would also require borrowers applying for...