The new year brings some good news for Massachusetts home buyers. For many counties in MA, loan limits have increased to reflect rising home prices. Here's a look at the 2019 loan limits for conforming and FHA mortgages in Massachusetts. Increased FHA Loan Limits for 2019 FHA loan limits for … [Read more...]
Another Interest Rate Increase to End 2018
As the year comes to a close, the Fed has decided to make one more interest rate increase to end 2018. Rates went up by a quarter percent yesterday. This is the fourth increase by the Fed this year. What will this mean for home buyers? Higher Mortgage Rates Although there is not a 1 to 1 … [Read more...]
Common Home Sale Contingency Terms In Massachusetts
If you need to sell your existing home in order to purchase a new home, you will be using what’s called a “home sale contingency.” Essentially, your offer to purchase the new home will be “contingent” upon your ability to sell the existing home. Although it is difficult to get sellers to accept this … [Read more...]
2019 Real Estate Market Predictions
Although there were some significant changes, 2018 remained an active real estate market. As the year comes to a close, the big question on everyone's mind is, what will the market look like in 2019. No one can tell the future, but we do have some 2019 real estate market predictions to … [Read more...]
Home Issues That Won’t Pass FHA Guidelines
When applying for an FHA loan, there are certain safety standards the Federal Housing Administration requires the home to pass. If a home does not meet the basic minimum requirements, the FHA loan will not be approved. If you are in the market to sell or are considering buying a home, these 5 home … [Read more...]
