Tag Archives: mortgages

How To Buy A House If Your Spouse Has Bad Credit

Can you actually buy a house in Boston (or anywhere) if your spouse has bad credit? The short answer is… Yes, maybe. My fiance and I decided to buy after living in the same place for five years of paying (very cheap) rent. If you’ve been reading this blog it’s no surprise that it’s a great time [...]

Leave a comment Continue Reading →

Find Out How Much Home You Can Afford with the 45% Rule

When buying a home, one of the most important first steps is understanding what mortgage amount you can qualify for.  Determining your maximum monthly housing budget and home price range will allow you to look for home with confidence that you can comfortably manage your monthly finances. Most banks and lending guidelines stipulate that not [...]

Leave a comment Continue Reading →

9 Steps To Obtain the Right Home Loan For You

Home financing can be complicated.  Especially since the financial market meltdown in 2008.  That’s why it’s more important than ever to learn as much as possible about mortgages and home loans BEFORE starting your home search (in Boston or anywhere). To help you out we’ve produced a terrific recorded webinar with Ravi Pahuja of Residential Mortgage Services [...]

Leave a comment Continue Reading →

First Time Boston Home Buyer Class Scheduled For February 20th

We just scheduled our 2nd Home Buyer Class of 2012!  The first class in January was a huge hit with our attendees, so if you’re in the market to buy a home or condo in Boston in 2012 (or even if you’re just starting to think about it), you won’t want to miss our educational [...]

Leave a comment Continue Reading →

To buy or to rent in Boston? That is the question!

I have noticed a new trend with clients that I meet for buying consultations. The majority of these clients are potential first time home buyers trying to determine whether to buy or to rent in Boston.  More and more frequently, they are choosing to move out of the rental market and into the home or condo [...]

1 Comment Continue Reading →

Do I need to get pre-approved for a mortgage before viewing homes?

“Why are you asking me if I have been pre-approved for a mortgage already? We haven’t even looked at homes yet.” I get this question from buyer clients all the time when I ask them if they are pre-approved in our initial buyer consultation. Either that or, when I ask a new client for their [...]

Leave a comment Continue Reading →

How a Mortgage Commitment Contingency Can Save Your Down Payment

By adding a mortgage contingency and mortgage commitment date to your offer to purchase for a home in the Boston real estate market, you can protect your earnest money deposit and down payment from being lost to the seller in the event your financing does not get approved. What is a mortgage commitment? A mortgage commitment is [...]

1 Comment Continue Reading →