MassDREAMS: Closing Cost & Down Payment Grant for Homebuyers

November 26, 2022 by Leave a comment

MassHousing, an agency that provides financing for affordable housing in Massachusetts, and the Massachusetts Housing Partnership have come together to launch an initiative called MassDREAMS. This initiative delivers financial assistance in the form of grants to low and moderate-income homebuyers, helping them reach their goals even in a down economy. MassDREAMS, which stands for Delivering... View Article

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Connecticut Time To Own Loan: Forgivable Down Payment Assistance

November 23, 2022 by Leave a comment

One of the biggest hurdles to homeownership is coming up with the down payment. Even if you are able to afford the mortgage payments, the lump-sum amount that comprises the down payment can make homeownership seem like a pipe dream, especially for low-to-middle income households looking to settle down in more luxurious communities.  Fortunately, borrowers... View Article

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What Is a 2/1 Buydown and How Does It Work?

November 16, 2022 by Leave a comment

As interest rates continue to move upward, more buyers are considering buydown methods to make homeownership more affordable. One of these is the 2/1 buydown, which allows borrowers to pay more upfront while enjoying reduced interest rates for the first two years of their mortgage. If you’re looking for ways to save on your mortgage,... View Article

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How Much Does It Cost To Build A House in 2022?

November 9, 2022 by Leave a comment

With ever-changing aesthetic preferences and a desire for more control over a house’s layout, space, and amenities, it can be challenging to find the perfect home. However, many homeowners, especially those just starting out, have trouble deciding whether or not these extra expenses are worthwhile.  This leaves many asking, “how much will it cost to... View Article

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Adjustable-Rate Mortgage (ARM) – What Is It & How To Apply

November 2, 2022 by Leave a comment

Homeownership marks the beginning of a new chapter in most people’s lives; however, getting a mortgage requires careful consideration of your financial situation and goals. There are significant differences between an adjustable-rate mortgage and a fixed-rate mortgage, with the former often tempting borrowers with cheaper interest rates. But is it the better choice for you? Adjustable-Rate... View Article

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Can You Cosign on a Loan?

October 25, 2022 by Leave a comment

As the cost of living continues to climb, many are wondering whether they will ever be able to afford to buy a house on their own. A mortgage cosigner could be a solution.  If you have bad credit but need a mortgage, asking a relative or friend to cosign the loan can be the answer... View Article

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7 Refinancing Programs for Seniors

October 18, 2022 by Leave a comment

If you’re looking to save money or tap into some of your home’s equity, you may have considered refinance programs for seniors. You may have learned that although there are benefits, there are always worries, particularly when money is involved.  Regardless of your age, the decision to refinance is a big one, and you should... View Article

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