So, you’ve made the decision to buy a home or to refinance the mortgage on one you already own. Now all you need to do is find the right lender to help make it happen. That should be easy, right? But with all the mortgage lenders available today—from your local bank to online mortgage lenders—it’s […]
How Consumers Can Benefit from a Home Appraisal
A home appraisal is often required as an essential component of the mortgage financing process. Because the consumer pays the cost of the appraisal when applying for a mortgage to buy or refinance a home, it’s worth learning more about what the consumer is getting for the money, and why lenders typically are required to […]
The Comeback of Adjustable Rate Mortgages
Adjustable-rate mortgages, also known as ARMs or variable-rate loans, have been out of favor with many people in recent years because of the low interest-rate environment and the perception that rising payments on ARMs contributed to foreclosures during the recent financial crisis. But with new federal disclosures and protections for consumers, some borrowers are wondering […]
Fixed- or Adjustable-Rate Mortgage – Choose the Best Option For You
What city or town do you want to live in? What features do you want in a home? What’s your price range? Anyone who has shopped for a home can tell you; there are lots of decisions to make. And once you finally find the perfect home, there’s a whole new set of tough decisions […]
The Home Mortgage Appraisal: How Consumers Can Benefit
FDIC Consumer Information – A home appraisal is often required as an essential component of the mortgage financing process. Because the consumer pays the cost of the appraisal when applying for a mortgage to buy or refinance a home, it’s worth learning more about what the consumer is getting for the money, and why lenders […]
6 Steps to Take Before You Buy a Home
Buying a home. It’s the American dream and one you may hope to realize soon. You may have even begun looking at homes online or canvassing neighborhoods to find the home that’s right for you. But before you set out on your home buying journey, there are six important steps you should take to be […]
Solutions to the Tax Changes on Home Equity Loans and Lines of Credit
Recent changes to the national tax code have impacted several areas, including the deductions some home owners were used to taking. This reform affects home equity loans and lines of credit. Here’s the information you should know, and some solutions to help you better manage these changes. First off, what is Equity? Home equity is […]
How Getting Preapproved for a Mortgage Differs From Being Prequalified
You’ve probably heard this one: A home is the biggest — and most important — purchase of your life. Although that bit of conventional wisdom may be enough to cause even the coolest homebuyers to break out in a nervous sweat, this process doesn’t have to be the most complicated you’ll ever face. Securing a […]
Meet Our Newest Community Lender – Felicia Freel
We would like to introduce our newest Community Lender, Felicia Freel. As a Community Lender, she is responsible for helping her customers reach their dream of owning a home by finding the best mortgage product to fit their needs. Felicia will be servings the towns of Ayer, Shirley, Lunenburg and Devens. Felicia began her banking […]
Meet Our Newest Community Lender – Michael Glynn
We’d like to introduce the newest member of our retail community lending team, Michael Glynn! As a community lender in the Northborough, Southborough and Westborough area, Michael is responsible for helping his customers reach their financial goal of owning a home by finding a mortgage program that best fits their needs. Michael has been a member of […]
