FHA insured mortgage programs have been assisting Massachusetts residents fulfill their dream of home ownership for decades. Since the FHA’s inception in 1934 with the National Housing Act, its’ goal has always been to improve housing standards and provide a viable system of mortgage financing. The last five years has been a period of growth and exposure management for FHA and with those challenges have come the dramatic increase to their Mortgage Insurance Premium costs. Despite this increase in borrowing costs, the FHA insured mortgage continues to be a great way Read more…
Posts Tagged: down payment
The Gift of Equity Down Payment Option
One of the most important aspects of preparing your finances to purchase a new home is deciding how you are going to come up with your initial down payment money. There are several options that can be considered, but one that is often overlooked is Read more…
Can I Use My 401(k) to Buy a New Home in Massachusetts?
This month Mass Mortgage Buddy is excited to feature an article in our guest blogger section by Keller Williams’ agents Kelly and Joe Provost. This married dynamic duo has one of the fastest growing real estate teams in Worcester County. The following article provides valuable insight about the ability for a prospective home buyer to utilize their 401(k) plan to purchase a new home in Central Massachusetts. I hope you enjoy the following contribution as much we did. Read more…