Speed-up paying off your mortgage loan, and save thousands in interest!

by | | mortgage loans

There’s an easy way to speed up paying off your mortgage loan. Many of you are already familiar with it. Simply, send an extra payment whenever you can. Or, pay your mortgage loan every four weeks, not just once per month. At the end of the year, you’ll...

Mortgage loan rates fall due to Fed move (or lack, thereof)

by | | mortgage loans

The Federal Reserve decided to keep the federal funds rate unchanged going into 2020 which pleased both the stock market and bond market. The yield on a 10-year Treasury note dropped  * Usually, I should say. If you look at the chart, above, you will see that the...

The importance of credit scores

by | | mortgage loans

Yesterday, I came across a great article on lending and the importance of credit scores. It was written by Stephan Varteresian, a mortgage broker at Secure Mortgage Corp, in Gardner and Milford, Massachusetts. Credit scoring is a big mystery to most people. There are...

Tip: if you are refinancing, you may face a prepayment penalty

by | | mortgage loans

If you are refinancing, you have probably already checked your current loan’s rules, to see if you’re going to have a prepayment penalty. If not, you should. You don’t want any surprises. Mortgage Expert, I applied and was approved for a cash-out...

Are you in an “untraditional” relationship? You can still buy a home

by | | Boston real estate - buying a home, mortgage loans

More and more people are staying unmarried these days. Maybe the 50% divorce rate has something to do with it, I don’t know. Really, I don’t know. Living this way doesn’t mean you have to miss out on all of the advantages of being married. Unmarried...

Will U.S. kill deduction for home-equity

by | | Boston real estate - buying a home, mortgage loans

Whoa – I missed this story last week…yep, this would affect a lot of people… By Kenneth R. Harney, Boston Herald wire   n WASHINGTON – Is Congress about to kill a popular rule that allows you to deduct interest paid on home-equity loans...