August 20, 2008 Mara Bushari

If you are considering buying Boston real estate this fall, you will probably want to pay attention to the new Fannie Mae and Freddie Mac rules. Banker and Tradesman reported that “adverse market” fees will be doubled from one-quarter of a percentage point to one-half a percentage point starting Oct. 1 for new mortgages delivered to Fannie Mae, and Nov. 7 for loans delivered to Freddie Mac. That’s $250 -$500 for every $100,000 borrowed. This will apply to all new purchasers and refinancers. However, if you have a FICO score of less than 720 and a down payment of less than 15 percent, you will be charged quarter-point higher fees upfront. So…if you are considering a purchase, keep these dates in mind.

Mara Bushari

Mara is a creative thinker and strategic marketer. She graduated Summa Cum Laude from Boston University’s College of Communication and worked in international finance before joining The Bushari Team. Mara strives to exceed expectations. As Client Relations Specialist, she is a key facilitator in all team transactions, making the buying or selling process as stress-free as possible for the client. Mara learned many of her extraordinary organizational and problem-solving skills during her service in the Israeli Defense Forces, where she earned the “President’s Award” for exceptional service. In the military, Mara solidified her abilities to achieve top results in high pressure and time sensitive situations. In her spare time, Mara enjoys skiing, photography and writing.

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