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...mortgage loans, subprime lending crisis
I’ve yet to hear of any widespread loan fraud in Massachusetts, even as the subprime mortgage loan crisis threatens our economy. Mostly, it seems as though the typical borrower took out a mortgage loan that ended up resetting to a rate that he or she could no...