Home Buying Tips

Buy a home with a great mortgage in Boston

Adjustable Rate Mortgage ARM
Adjustable Rate Mortgage ARM
I debrief ARMs in detail on our website: ARM Debrief. But am compelled to write to you today based on the ludicrous volume of advocacy for the ARM as a workaround to the rate increase…
2023 Jumbo Loan Limits
2023 Jumbo Loan Limits
Yes – from $647,200 to $715,000 available immediately and into 2023. There aren’t too many financial topics where inflation is considered a good thing. Taxpayer income brackets, I-Bonds, Social Security indexing, and Cost-of-Living (pay) increases…
Guaranteed Payments to Partners Mortgage
Guaranteed Payments to Partners Mortgage
You’ve just been made a Partner at your firm. Congratulations. Because you can now truly afford it, you opt to purchase a home that was previously out of reach. Except maybe you’re not. In mortgage…
First Steps Home Buying
First Steps Home Buying
Without bias, I’m going to let my author-self write like this is instructions to my children. Before taking any “First Steps to Home Ownership” you will need to plot a course. The investment in that…
Interest Rates House Prices
Interest Rates House Prices
How will rising interest rates affect the future price of buying a new home? There’s more at play here than only soaring interest rates.
Buy or Rent
Buy or Rent
Should I renew my apartment lease or buy a home for myself? You’re curious about options and curiosity is a great mindset to be in. It sure beats asking questions later like, “How do I…
Mortgage and Divorce
Mortgage and Divorce
The keyword in the answer to this question is “amicable” as in the communication and resulting terms being such. With the support of the goal of one party keeping the house by both parties, it…
2022 Mortgage Rates
2022 Mortgage Rates
Thinking about buying a home in 2022? If so, you may be keeping a close eye on current mortgage rates. It can be hard to predict how rates will change in a given year, and…
2022 Jumbo Loan Limits
2022 Jumbo Loan Limits
The 2022 National Conforming Loan Limits (available now at GoldCoast Mortgage) have taken a huge jump forward. The Jumbo Mortgage Limit received a robust expansion of value as well. The conforming loan limit is available…
Broker vs Lender vs Bank
Broker vs Lender vs Bank
A mortgage broker, like any financing entity such as a bank, credit union, or direct lender should provide a specialty. Call it a niche or a competitive advantage. But NO company can be all things…
Housing Market Crash
Housing Market Crash
What happens when the housing market crashes? Notice the question is when not if. A housing market crash is as inevitable as an outbound tide although some lunar tides reach higher or retreat further. This…
Owning vs Renting
Owning vs Renting
Why Owning Versus Renting Isn’t A Financial Consideration Mortgage companies typically don’t highlight reasons not to buy a home. At GoldCoast we feel that the correct motivation is key to a successful homeownership experience. The…
Rural Property
Rural Property
Homes in rural areas are generally much less expensive than those in cities and the suburbs. For the same price as some suburban homes, you can often purchase a great house on several acres of…
Pre Approval Effect On FICO Score
Pre Approval Effect On FICO Score
This is a super-logical question to ask. The frank answer is …… it’s really the least of your worries! And since you’re (hopefully) not really worried, per se, let’s rephrase that to: “it shouldn’t really…
Home Buyers Kit
Home Buyers Kit
Home Ownership is a Competitive Sport. How will you win? Meet “Peter Purchase” your homebuyer planner. Peter lives and works here (in our Commonwealth) not there (at a call center in a different time zone).…
Escalation Clause
Escalation Clause
f you’ve been bidding on homes with no success, you may be searching for a solution that will guarantee you win your next bid. One such solution is what’s known as an “escalation clause.” While…