You took out your Boston North Shore mortgage loan a few years back when both you and your spouse were working and things were going pretty well financially. In fact, that’s the reason you bought your first home. Since then, the economy has slowed considerably and your employer has downsized. Over time – which was an almost guaranteed […]
If you’ve paid attention to the Boston North Shore mortgage industry, no doubt you’ve seen and heard all sorts of ads for a Boston North Shore reverse mortgage. Just exactly what is a reverse mortgage, you ask? A Boston North Shore reverse mortgage enables a homeowner to extract the equity in his home to use as […]
The Boston North Shore mortgage refinancing market has enjoyed months of near-record low interest rates. The rates have stayed so low for so long that many borrowers assumed home mortgage interest rates will be low “forever.” And for good reason. At the first sign of rising interest rates – regardless of how slight the expected increase – […]
Interest rates recently rose slightly, raising the question of what affect they will have on Boston North Shore mortgages. Rates increased for the first time in more than two months, creating a sell-off in the U.S. Treasury bond market. Mortgage interest rates have traditionally been tied loosely to the 10-year Treasury bond yield. While the […]
Technology and the digital age has certainly made an impact on the Boston North Shore mortgage business. While roughly 90% of prospective homeowners search online for a home, less than 10% of mortgage lenders offer a comprehensive digital mortgage experience. Now, mortgage lenders are starting to enter the 21st Century by gradually reinventing the mortgage […]
