Posts Categorized: Education Center

Mortgage Pre-Qual Letter or Pre-Approval Part 1 “Pre-Qual Maybes”

The Mortgage Buddy fields a lot of questions from prospective home buyers about the difference between obtaining a mortgage pre-qualification letter and a mortgage pre-approval letter. There are significant differences and understanding these differences will help you better prepare yourself to be ready for this year’s spring real estate market. Read more…

Condos and Your Massachusetts 6D Certificate

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…

10 Spring Home Buying Tips

(1) Get Your Free Credit Report. You are allowed to get 1 credit report from each of the 3 major credit bureaus once every 12 months. Utilize this free opportunity to make certain that your credit is being accurately reported.

(2) Decide What You Can Afford? Make an honest evaluation as to what a comfortable monthly payment is for you and your family by doing a detailed budget. It’s better to determine a comfortable monthly payment first before you look at homes for sale so you are not tempted to “over buy”. Be sure to include costs such as Read more…