So you found the perfect home….all you need now is the mortgage!

September 22, 2008 | Filed Under Real Estate News, Real Estate Trends and Statistics, Boston Lifestyle, Boston Condos, Boston Real Estate 

Most of you know that the mortgage industry has hit some, well, bumps since last summer. Multiple lenders have filed for bankruptcy, eligibility requirements became near impossible and loan fees rose to cover losses. There is some good news though. The federal takeover of Freddie Mac and Fannie Mae by the U.S. goverment prompted an immediate drop in mortgage rates. In fact, 30-year loans are now well below 6 percent. Also, federal legislation has expanded the availablility of home loans, specifically by increasing the jumbo-loan mark. That said, if you have found the perfect piece of Boston Real Estate, be prepared for the stringent application process. Have your W-2’s or 1099’s ready, as well as pay stubs and tax returns, HR phone numbers and even investment account information.

Share This

Comments

Search

As Boston Real Estate professionals, our mission is to provide you with the best home-buying or home-selling experience in Boston. Search MA properties through MLS on our website, www.bushari.com. We pride ourselves on exceptional customer service, and look forward to sharing that service with you.

Bostonian Lofts is the premiere website for information about Boston Lofts. Read about Boston Loft Developments and how we can help you purchase or sell your Boston Loft.

We write the quarterly Boston Real Estate Market Report to help our clients better understand the real estate market in some of Boston's most popular neighborhoods. The Boston Real Estate Market Report breaks down the real estate market of each Boston neighborhood into categories based on the number of bedrooms. The report gives clients a detailed look at localized market trends. Subscribe for FREE today!

MLS Search

Property Types

Condo / Townhouse Single Family Multi Family Commercial Land All     Attributes Parking Fireplace Waterfront Pool Penthouse Full Service Price / Region Any Price 50,000 100,000 150,000 200,000 250,000 300,000 350,000 400,000 450,000 500,000 550,000 600,000 650,000 700,000 750,000 900,000 950,000 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000   to  Any Price 50,000 100,000 150,000 200,000 250,000 300,000 350,000 400,000 450,000 500,000 550,000 600,000 650,000 700,000 750,000 900,000 950,000 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 10,000,000+ Select an Area Any Arlington Belmont All of Boston Allston Back Bay Beacon Hill Brighton Charlestown Chinatown Dorchester East Boston Financial District Fort Hill Hyde Park Jamaica Plain Leather District Mattapan Midtown Mission Hill North End Roslindale Roxbury Seaport District South Boston South End The Fenway Theatre District Waterfront West End West Roxbury Brookline All of Cambridge Agassiz Cambridge Highlands Cambridgeport Central Square East Cambridge Harvard Square Inman Square Kendall Square Mid Cambridge North Cambridge Porter Square Riverside West Cambridge Chelsea Dedham Everett Framingham Lexington Malden Medford Milton Natick Needham All of Newton Auburndale Chestnut Hill Newton Center Newton Highlands Newton Upper Falls Newtonville Nonantum Waban West Newton Peabody Quincy Revere Somerville Waltham Watertown Wellesley Weston Advanced MLS Search