Home Buying Tips

Current updates + Home Buying tips

Falling Mortgage Interest Rates
Falling Mortgage Interest Rates
Should I wait for rates to come down before buying a house? This may be the most complicated question that could be asked of anyone. Your wait may be over after reading this article on…
2024 Jumbo Loan Limits
2024 Jumbo Loan Limits
The new 2024 conforming loan limit for all of Massachusetts, New Hampshire, and Maine are out. These conforming programs are for 30-year fixed-rate mortgages which offer low downpayment options, first-time home-buyer benefits, and the strength…
Helping Child Buy A Home
Helping Child Buy A Home
The worst thing that you can possibly do is “buy” a house for your children. If you truly want to help – and I introduce here the stark difference between enabling and helping – then…
Reverse Mortgage Alternatives
Reverse Mortgage Alternatives
If you have some stream of income and your credit is still intact, we can now take a look at comparing a reverse mortgage against a forward mortgage. While these two product types are not…
Buying Parents Home
Buying Parents Home
Just by asking this question you have a winning lottery ticket in your hand. Your parents have a house to potentially sell you. That’s a rare scenario. Many parents may not own a house and…
Crumbling Home Foundations Epidemic In MA
Crumbling Home Foundations Epidemic In MA
In 2020, MassLive reported that at least 2,000 homes in Massachusetts have crumbling foundations due to pyrrhotite. The state estimated at the time that the cost to fix all these homes would total $350 million.…
Boston Apartment Reviews
Boston Apartment Reviews
Landlords are in the investment business – buying apartment buildings to provide a Return-on-Investment (R.O.I) to an investment fund that owns the building. The best way to increase the investment value of an Apartment portfolio…
Inflation Home Prices Boston
Inflation Home Prices Boston
A mortgage is one of the best financial product inflation hedges ever created. What do I mean by inflation hedge? Let’s call it protection against inflation, or totally outside of the effect of inflation.
Selling Home Without Realtor
Selling Home Without Realtor
Can I Sell My House without a Realtor? Yes. You absolutely can. It’s legal to do so and you don’t need a license to sell your own home. For every vote that you can do…
Removing Spouse from Mortgage
Removing Spouse from Mortgage
About 100 times per year (twice a week) I dance around the subject of both spouses securing the mortgage obligation when buying their first home. For most home purchases we participate in, one spouse has…
Signing An Apartment Lease
Signing An Apartment Lease
An apartment provides you with a safe place to operate from and clean accommodations for your life. Here is a list of some of the things funny and practical that you can’t do from your…
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…