For many busy professionals and young couples the freedom of condo living is a great alternative to the yard work and shoveling that goes hand in hand with owning a single family home. It’s important to remember when searching for a condo that this freedom of household duties come at a cost in the form of a monthly maintenance or management fee. To make certain you are not inheriting late condo fees or assessments your lender and title insurance company will require Read more…
How to Utilize Other People’s Profits to Buy your Dream Home
Before Donald Trump was known for his television celebrity, he was a New York City real estate tycoon known for his negotiating skills. In fact he wrote a best selling book called “The Art of the Deal” in 1987 which is regarded as one of the most successful business books of all time. From his studio apartment Trump built an empire on real estate empire by learning every aspect of the real estate transaction mastering negotiating skills. When you look to purchase your new Massachusetts home, understanding how to utilize Read more…
Why Some Lenders Approve and Some Deny
Niche lending is hardly a new phenomenon but with the tightening of lender balance sheets in recent years niche lenders have become more valuable to real estate professionals as they refer their clients to their trusted referral partners. Agents want to refer their clients to lenders they trust will get the job done right and be an extension of the customer service they have built their business on. Read more…
FHA Loan Limits for Massachusetts to Change in 2014
On Friday December 6th the Department of Housing and Urban Development or HUD for short announced that they are once again making changes to the FHA Single Family Loan Limits. These changes will be implemented for FHA case numbers that are requested after January 1st 2014. Read more…
Your Offer is Accepted! So Now What??? Part 2 of 2 (Appraisal thru Closing)
The Mortgage Buddy would like to welcome back Keith Pentz of RE/MAX Advantage 1 in Worcester, MA for second and final installment of his article “Your Offer is Accepted! So Now What???”. For those who didn’t get a change to read part one please make sure you do. Keith utilizes his background and experience as both a mortgage originator and Realtor to pave a path of success for today’s prospective homebuyers. Read more…
What are Credit Unions?
The lasting impact of the mortgage and credit crisis of 2008 and 2009 left many Americans with a sour taste in their mouth for large banking and lending institutions. There has been adoption of the newly coined phrase “too big too fail” which has come to dominate the financial landscape for the last several years leading many Massachusetts residents to re-evaluate their relationship with their current financial institution. After further examination many have realized that Read more…
Your Offer is Accepted! So Now What??? Part 1 of 2 (Accepted Offer thru Purchase and Sale)
The Mortgage Buddy would like to welcome our newest contributor Keith Pentz to the site. Keith Pentz is a Realtor for RE/MAX Advantage 1 in the Worcester, MA office located in the heart of the city on Shrewsbury Street. Keith works with everyone from first time home buyers to seasoned investors on both the buying and selling side of the transaction. What separates Keith from many other Realtors in the area, and why we are so excited to have him contributing to the site, is his background in the Read more…
Don’t let a Zombie Title Scare you Away from your Dream Home
The Mortgage Buddy would like to welcome the newest contributor to the site, real estate attorney David R. Rocheford Jr. There are many firms out there that practice real estate law but the Law Office of David R. Rocheford Jr.’s primary focus is real estate. In the new normal of real estate and mortgage financing, working with a real estate focused law firm has become more important than ever. Attorney Rocheford’s office is located in Leominster, MA and assists buyers, sellers, and lending institutions with the full spectrum of real estate related services. In this first contribution to Mass Mortgage Buddy, attorney Rocheford brings awareness to a growing concern that Read more…
What the Government Shutdown Means for your New Home Financing
When grown-ups with power act irresponsibly the effects can be devastating. This can best be demonstrated with the lack of leadership by our elected officials, and their inability or unwillingness to remember that they represent real people not just blue or red ideologies. The housing industry in the United States makes up 20% Read more…
Does Credit Repair Work?
The Mortgage Buddy would like to welcome Brett Robbins to this months guest blogger spot. Brett Robbins was born and raised in Worcester Massachusetts and has committed himself to helping homeowners and prospective owners know the truth about credit reporting Read more…