Mortgage Rates in 2021

Mortgage Rates in 2021

If you’re thinking about buying property in 2021, one of the most important things to consider is the current mortgage rate. While mortgage rates are only one determining factor in how you reach your property goals, they do have a direct impact on your monthly and yearly finances.

Buyers Market Or Sellers Market?

When it comes to real estate, one of the most common questions people have is, “When is it the right time to buy or sell a home?” Often, the right time to buy or sell has less to do with market conditions and more to do with your family’s needs. But if you want to get the best deal in your transaction, it pays to keep an eye on the market.

Moving to Downtown Boston

Make Sure Your New Property Isn’t Sinking First There’s a certain attraction to living in Boston. Although it’s quite expensive, living in the heart of the city means you get to be close to some of the best things the state has to offer, including a rich history, world-class healthcare facilities, and plenty of day […]

Off Market Purchase

We see and participate in, off market transactions every week. But it wasn’t deliberate. We didn’t set out to own this market share or be the experts in it. It was, in fact, purely accidental … a byproduct of staying independent and keeping the same phone number.

Bi-Weekly Mortgage Program

Bi-Weekly Payment Plan is it a Valuable Financial Tool or Scam? Before I answer that question, it is useful to know how a Bi-Weekly Payment Plan (BWPP) works. The program concept is contained in the difference between “Every-other-week” and “Twice-a-month”. Half payments made every other week add up to 13 full payments (26 payments / […]

Jumbo Mortgage

A jumbo mortgage doesn’t have a technical “definition”.  It is the “white space” where Agency mortgages stop. If it had a static definition it would never be the same two years in a row. And jumbo’s have multiple variables. 

2021 Conforming and Jumbo Loan Limits

Can you think of many (any?) things that will cost LESS in 2021? Among the items on this shortlist is the cost of mortgage money. While we can’t predict the direction of mortgage rates in 2021, we can tell you that the Limits (caps) on lower costing mortgages are set to expand on January 1, 2021.

Home Buying Without PMI

Yes, It can be done! (But it is not always in your best interest to do so). “Why is that?” you’re asking now, “If I could save $200, $300, $400 a month, why wouldn’t I?” IF it was “TRUE” savings of course you would. Every time. But what if it wasn’t true savings?

Self Employed Home Buying During Covid

Dropping PMI

Mortgage Insurance (MI) is a necessary expense for getting into a home without putting a 20% down-payment. There are several types of Mortgage Insurance – each with its entirely own user manual for purpose and removal. There are also a lot of misconceptions surrounding MI.

Buying During Covid-19

Refinancing My Mortgage

We’ve counted 17 different reasons why someone would refinance their home. Lowering the rate is only one of those reasons, and that reason, in itself, is not always in your best interest, regardless of the rate. Let’s look at a few potential reasons NOT to refinance to lower your rate. “I can save $50 a […]

When Do I Refi?

When is the correct time to Refinance my Mortgage? Our clients often ask us if there is a “rule of thumb for refinancing my mortgage?” A mortgage has two primary components: the Interest Rate (cost of money) and the Terms (amortization, aka length of repayment). Related to the decision to refinance are the Loan Costs […]

HELOC Refi

1% Listing Fee

1% Listing Fee Explained I enjoy a good industry disruption. It challenges complacency. A disruption can bring about savings and efficiency to consumers. It encourages competition and watch how quickly everyone else steps up their game! There are dozens of industries craving disruption including ours (working on it!), title insurance, and real estate sales to […]