Mortgages

Evaluating the Pros and Cons of FHA 203(k) Rehab Loans in Massachusetts

What Massachusetts Home Buyers Should Know About FHA 203(k) Loans If you're looking for a fixer-upper or looking to renovate your current property in Massachusetts, an FHA 203(k) rehab loan may be worth considering. This unique loan program offered by the Federal Housing Administration (FHA) allows borrowers to finance a home's purchase and rehabilitation costs.

Construction Loan vs. Land Loan

Land loans and construction loans are two different financing options when it comes to building your own home. Land loans are ideal if you don't plan to build right away, while loans for construction are suitable for starting building immediately. There are various types of land loans, each with different requirements and interest rates.

Reverse Mortgage Pros and Cons

As retirement looms, many seniors face financial challenges that demand creative solutions. In recent years, reverse mortgages have emerged as an increasingly popular option for older homeowners seeking to leverage the equity in their homes to improve their financial situation.

Getting a Land Loan

A land loan is used to purchase a plot of land. You may want to buy land to build your dream home or start a business. If you are looking at getting a land loan, a lot will depend on what you plan to use the land for.

How Property Market Reacts to Corona?

The prevalent mess in economies due to corona skips no part of the economy and affects the core of stability. Of course, real estate cannot be an exception and have to confront the alterations that the notorious COVID-19 applies to.

How to remove PMI

If you purchased the house with less than a 20% down payment, the lender probably required you to buy private mortgage insurance. This also is true for any refinancing loans with less than 20% equity. Private mortgage insurance protects the lavender from the elevated risk presented by a borrower with a small down payment.

What to do Before Picking A Lender

Buying a home is probably one of the largest, most significant purchases of your life, so when you need to get a mortgage, you want to make sure you're getting the best lender and the best deals. How do you do it? These four tips and advice will help you choose a great lender and get the best deals.

Offset Mortgages

Offset mortgages can save an individual a great deal of money. They can either shorten the term and enable you to be mortgage-free sooner or help you in reducing the monthly payments. But still many of us fail to understand this concept. In fact, some are not even aware of its existence.

Typically, loans available to buyers looking for a mortgage on second property, such as a vacat