Warren Residential Group Blog – Boston Real Estate Blog

Clients always ask me about mortgages.  They ask:  What is the current rate?  How much of a loan can I get?  Etc., Etc.  Well, the answer is that there really is no one answer for those questions.  There are so many variables that come in to account that it is impossible to give solid answer.  [...]

We at Warren Residential Group are proud to announce our partnership with Christina Longo - Sr. Loan Officer at Prospect Mortgage Company.
We partnered with Christina/Prospect Mortgage because she has shown us – even in this changing credit environment - that she is a valuable resource to our clients and at Warren Residential Group it a priority that our clients [...]

Brian Cavanaugh of Wells Fargo Home Mortgage just sent me an interesting email in regards to when to schedule your closing to take advantage of the $8000 tax credit:
The $8,000 First-Time Home Buyer Tax Credit expires November 30, 2009.  In order to claim the tax credit, the IRS requires that you’ve closed on or before [...]

Brian Cavanaugh, another of Boston’s top mortgage brokers over at Wells Fargo, wrote a piece about how to accept a downpayment gift from family without it ruining your chance of getting your loan approved.  This is extremely valuable information for those of you looking to buy a home right now, especially first time home buyers [...]

Our good friend David Bolton over at Prospect Mortgage (one of Boston’s best mortgage brokers) just sent me an advisory memorandum from MassHousing explaining the new $8000 tax credit loan program.  I’ve posted it below and will explain some of the quick details in bullet points afterwards:
“Governor Patrick announced today the establishment of a Tax [...]

According to Zillow.com, Massachusetts borrowers are getting the second highest interest rate on 30-year fixed mortgage in the country.  Ohio finished worst with 5.39 percent compared to the Bay State’s 5.36%.  The national average is 5.26%.

Condominium lending has become tight to say the least.  When my agents are selling Boston condos they tell me the biggest reason why deals fall apart is because of financing.  Even with a pre-approval, a big down-payment and good credit, many borrowers are finding closings to be delayed or not possible because of the property [...]