mortgage loans, subprime lending crisis
I’ve hesitated to write this entry because I don’t know how to get across what I’m trying to say. Basically, it’s this. Over the past several years, homebuyers have taken out adjustable-rate mortgage loans in order to buy as much home as...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...Boston real estate - buying a home, mortgage loans
Bankrate.com has a great little article on how to figure out how much home you can afford to buy. Of course, this is how much the bank thinks you can afford. That’s not always the same thing. Mortgage lenders are chiefly concerned with your ability to repay the...Boston real estate - buying a home, mortgage loans
There’s a lot wrong with the top story in today’s Globe. Even with the downturn in the real estate market, houses in the Boston area will continue to be unaffordable for many working families and first-time homebuyers, according to a new report from...