With interest rates at record lows, many Massachusetts homeowners have been refinancing their mortgages to lower rates. One critical step in any mortgage process is the appraisal. Many overlook the need for preparing a home for a refinance appraisal. Here's why it's important and tasks you may … [Read more...]
Refinancing a First and Second Mortgage – What You Should Know
With interest rates so low, many homeowners are choosing to refinance. The option is pretty straight forward when you have just one mortgage, but what happens when you're interested in refinancing a first and second mortgage? The answer is, it depends. Timing of the Second Mortgage Sometimes you … [Read more...]
Common Chapter 93A Lawsuits Against Landlords
Chapter 93A is a consumer protection law against unfair or deceptive practices. It allows consumers to bring civil lawsuits against businesses (a category which includes landlords) for damages that may include actual losses, compensatory damages and legal expenses. Furthermore, courts may award … [Read more...]
Real Estate Market Slowdown Due to Coronavirus
As expected, there's been a real estate market slowdown due to Coronavirus. Homes are still being bought and sold in Massachusetts, but activity has experienced a noticeable decline. Here are a few reasons why and what you might consider if you're debating whether to buy a home right now. Reasons … [Read more...]
Buying and Selling Homes Amid Coronavirus
These days, it seems many activities have halted to a stand still. Although most of the country's population is sheltering in place, there's still a need for essential activities. Among them are buying and selling a home. Fortunately, real estate is classified as an essential business and is allowed … [Read more...]
