Boston Condos

Forbes recently released an interesting article on common mortgage scams, something that is appropriate for Buyers, and those interested in refinancing, to look over before they consider moving forward with a lender.
Scam artists may promise to save cash-strapped home owners from foreclosure but then, instead, steal their money or any remaining home equity. Such scams [...]

The Wall Street Journal did a recent piece on racking up points onto your credit score that is rather timely given the tightened lending practices that we are seeing out there. Here are some of their top points to consider when trying to improve your credit score, which can range from 300 to 850.

On [...]

The Federal Reserve is in the midst of considering a plan that would curtail the types of subprime products lenders can offer, prohibit certain misleading disclosures, and limit the compensation of mortgage brokers. What makes this news somewhat significant? The Federal Reserve’s plan is forward thinking, and despite being reactive, is perhaps one [...]

You read about it every day, literally. You hear about subprime mortgages, a credit crisis, and tightening of the credit and financial industry. What do these things actually mean? Do you really know, or have your eyes glazed over after reading headline after headline (after headline…) about subprime mortgages? Let’s take a [...]

There is a large, and growing group of people who are crying foul, that is, renters. It was only a matter of time before the economic tsunami of the “credit crunch” overwhelmed innocent victims, and we give Kelly Evans of the Wall Street Journal kudos for breaking the story.
Our Caution: We are highlighting, and commenting [...]

With the recent launch of the Macallen Building in South Boston, the first LEED Certified Green Building in all of Boston, and rumors of more green buildings to come, the mortgage industry is following suit with their own green mortgage incentives.
The Wall Street Journal recently reported that lenders are the latest group to jump on [...]

A few days ago, Michelle Singletary of the Washington Post wrote an op-ed piece entitled “A 400 Percent Return in 7 Days? Riiiight.” After briefly discussing the difference between pyramid promotions – which are illegal – and multilevel marketing schemes – which are not, Singletary moves on to describe a suspicious meeting she recently [...]

The Wall Street Journal recently published a short, but rather pertinent, piece on requesting credit reports and their impact on credit scores.
Question: If I request a copy of my credit report will that hurt my credit rating if I want to apply for a mortgage? One bank said I should not ask for multiple credit reports during [...]

At the end of 2006, with the passing of its omnibus tax bill, Congress made private mortgage insurance for middle-income home buyers tax deductible in 2007. Private mortgage insurance, or PMI, is required when a homebuyer puts down less than 20% and protects the lender in the event of foreclosure.
In recent years, home buyers have [...]

Mortgage rates have fallen on news of the housing market slowdown - 30-year fixed-rate mortgage declined to 6.22 percent from 6.30 percent, which is on par with rates a year ago.
NEW YORK (CNNMoney.com) — Mortgage rates fell in the past week as lenders showed concern for the effect the slowing housing market [...]