Well, here’s just about everything you need to know about getting a mortgage loan, courtesy of the State of California’s Department of Corporations. The publication includes much more detailed information on each of these. I suggest printing it out and keeping a copy.
1) Do you represent a mortgage broker, mortgage banker or lender, […]
It’s a great time to buy. Right?
Plenty of people are buying homes, right now. You’d think otherwise, if you read the papers.
Anyway, the Globe had a great article yesterday on how to get a mortgage. It also covered all the new and proposed regulations coming our way thanks to the kind people […]
Some people like to move. A lot.
From Newsday:
[Terry] Sciubba is among that rare breed of homeowner undaunted by the prospect of packing up and moving five, six or more times. Some are motivated by a quest for more or better space; others can’t resist the urge to turn a profit on a fixer-upper, and […]
Well, this is insanity.
Sen. Johnny Isakson (R-Ga.) has introduced a proposal in Congress to give home buyers a tax credit of $15,000, to be distributed over a three-year period. Property purchases by owner-occupiers that close between March 2008 and February 2009 would qualify for the incentive, which Isakson said will stimulate new demand for homes.
“I […]
I highly recommend this, for anyone thinking of buying a home this spring.
Homebuying 101: It’s not too late!
THURSDAYS Feb 14, 21, 28, and March 6
26 Court Street
T Green Line - Government Center
Are you planning to purchase a home in Boston? Register for Homebuying 101! This FREE eight-hour course is a must for any first-time homebuyer.
Topics […]
Wondering what your monthly mortgage loan payment will be?
There’s an easy way to figure it out, that doesn’t involve an Excel spreadsheet.
Here it is:
rate per thousand
4.000 4.77
4.125 4.85
4.250 4.92
4.375 4.99
4.500 5.07
4.625 5.14
4.750 5.22
4.875 5.29
5.000 5.37
5.125 5.44
5.250 5.52
5.375 5.60
5.500 5.68
5.625 5.76
5.750 5.84
5.875 5.92
6.000 6.00
6.125 6.08
6.250 6.16
6.375 6.24
6.500 6.32
6.625 6.40
6.750 6.48
6.875 6.57
7.000 6.65
7.125 6.74
7.250 6.82
7.375 6.91
7.500 6.99
7.625 7.08
7.750 7.16
7.875 7.25
8.000 7.34
8.125 7.42
8.250 7.51
8.375 7.60
8.500 7.69
8.625 7.78
8.750 7.87
8.875 7.96
9.000 8.05
9.125 8.14
9.250 8.23
9.375 8.32
9.500 8.41
9.625 8.50
9.750 8.59
9.875 8.68
10.00 8.77
Start with your loan amount (not your purchase amount, silly, the amount you’re going to borrow). Drop the “thousands”.
Multiply that number by the number […]
If you are buying a condominium, your lender will require that you have insurance to cover the home. This is because if the property burns down or is damaged in some way, the lender wants to make sure it gets its money back.
Your lender will require that you have a “master insurance policy”. […]
A friend sent me an email to find out what I thought about the Boston real estate market.
Here is my response, slightly edited (for example, I cut out the part where I called him “honey”).
Dear Tom:
Anything you say to me will be held in strict confidence.
Regarding the Boston real estate market, we have had it […]
So, it’s January 1st 3rd.
New year. New goals.
Is buying your first home on your list?
If so, let me be of assistance with some tips and advice (and opinion).
Step one: Sign-up so you can search through all of the Boston condo and single-family listings currently on the market, and to receive a once-daily email of […]
Last week, the Globe’s Binyamin Appelbaum, who reports on real estate for the paper, wrote a story about his search for a new home.
He made a comment that has created a lot of controversy (by “a lot”, I mean, a little).
The comment:
Title insurance is a curious thing. Before a home is sold, a lawyer checks […]
