With the Federal Reserve being on the verge of raising Boston North Shore interest rates for the first time in several years, at least one economist says there is little to fear. Mortgage rates will stay low for a good while, says the Wall Street Journal’s chief economics correspondent, Jon Hilsenrath, even if the Fed does […]
During the recession of 2009, the number of Boston North Shore home buyers depending on down payment assistance from family members or friends tripled. It’s estimated that roughly 21% of homes were purchased by homeowners using a gift or a loan as their down payment. Let’s look at why that need may still exist. Boston North […]
There comes a time in most every homeowner’s life when they’re ready to sell their home. Make no mistake, it can be a challenging undertaking for some. Often there are financial, emotional and even social consequences to consider. As a result, many homeowners struggle with fears once they contemplate entering the Boston North Shore home selling market. […]
Boston North Shore mortgage rules may be about to take a big change, and the jury is still out as to whether it could be bad for the mortgage industry in the long haul. If changes announced recently by Fannie Mae catch on, the process of having to fork over your pay stubs could go the […]
The House of Representatives recently voted to pass a bipartisan bill to provide a “hold harmless” grace period for Boston North Shore mortgage lenders for the implementation of the Consumer Financial Protection Bureau’s (CFPB’s) TILA-RESPA Integrated Disclosure (TRID) Rule. The new rule went into effect October 3rd. “Good Faith” From Boston North Shore Mortgage Lenders Extending the grace period until […]
