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Home Buying in Boston : Real Estate Advice

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  • Local Info121
  • Home Buying457
  • Home Selling57
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Activity 600
Thu Jul 6, 2017
Steve Bracero answered:
Congrats on being ready to purchase-
If you contact a lender they will pre approve you see what you can likely afford.
They will look at your credit, savings, income, debt to income ratio (they will see your current debt with student loans, and car payments).
Hopefully you find this helpful!
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Mon Jun 26, 2017
Kathy A Griglione answered:
175000 house if 20 percent down how much monthly payments
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Thu Apr 20, 2017
Wmason86 asked:
I am under contract for a slab ranch for 474k. The appraisal came in at 450k and the sq. ft. was 200 less than public record. I happened to get a copy of the survey from when he bought the…
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Thu Apr 6, 2017
Tonylosminas asked:
Like I have a good loan on the table for 2 or 3 family house. Most of the time I get outbid by big companies! !! Even when the house is worth $475,000 my offer was 500,000 still some 4…
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Wed Mar 29, 2017
Glitchgirl83 asked:
Inspector pointed out a damaged floor joist during our walk through, but said that it shouldn't be a concern. I am worried about it though.
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Tue Mar 28, 2017
Louis Wolfson answered:
Thu Mar 23, 2017
Anthonygbrooks answered:
You should consider East Somerville, a vibrant, working class neighborhood that is changing in interesting ways. Easy access to down-town Boston (and HMS) via subway (Orange Line) and busses. ... more
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Tue Mar 21, 2017
Gregg Pomeroy answered:
Hello, I'm a mortgage professional.

The maximum mortgage you can qualify for would depend on a lot of different criteria including the taxes and insurance on the property.

The best thing to do is to get a pre approval.

If you have any other questions or would like help with this you are welcome to get in touch with me.
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Thu Dec 8, 2016
Nicole Vella asked:

I made an offer on the following listed property (below) and backed out of the P&S because there was a significant discrepancy in the sq footage between the public listing…
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Tue Nov 29, 2016
Freeman "Mike" Hill answered:
Many condos purposely only allow space for the "over under units". If the builder said it would fit a larger unit you probably have a better chance at a credit. You (or better still your lawyer or buyer's agent) should definitely negotiate this before the closing as the new federal regulations will cause a delay at closing. ... more
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Sat Nov 26, 2016
dearmschris asked:
I've read about some of the HUD programs that list houses at 50% off but they are in hard to reach places. My family lives all around the Boston area. I would like to buy a small single…
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Wed Nov 2, 2016
Marguerite & Edward Cote answered:
My husband is VA approved for a condo/townhouse. We are having a hard time looking . We would like Peabody MA or Danvers MA. We have been looking for 8 months.
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Thu Oct 6, 2016
Cassandra C asked:
Fri Sep 9, 2016
Mariyaluci answered:
The 203k loan is a specialized renovation or construction loan, backed by the Federal Housing Administration. It is available to both buyers and refinancing households, and combines the traditional "home improvement" loan with a standard FHA mortgage, allowing homeowners to borrow their renovation costs
Planning to buy a fixer-upper, or make improvements to your existing home? The FHA 203k loan may be your perfect home improvement loan.

In combining your construction loan and your mortgage into a single home loan, the 203k loan program limits your loan closing costs and simplifies the home renovation process.

FHA 203k mortgages are available in all 50 states in loan amounts of up to $625,500.
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Sat Aug 27, 2016
Vladimirudyak answered:
Yes... it's mandatory in every state for sellers agent to disclose any major problems discovered during previous inspections to new buyers.Especially in New York and Florida, where Annette practices. Can't believe that she calls herself professional yet doesn't know basic things in real estate ethical conduct. ... more
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Fri Aug 26, 2016
Richard Shapiro answered:
less than good. word used to describe loan products for borrowers with credit issues that can not qualify for a typical loan (Fannie/Freddie/FHA/VA).
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Sat Aug 13, 2016
Lillytena answered:
A construction loan is not a simple process, and should be left to experienced loan officers/lenders doing business in state where property is located that specializes in new home construction loans. It is common for custom builders to have bank source(s) to do construction loans for homes they build.
If yours does not he should know of a source, but you can typically find a local/regional bank that has a Construction loan dept. Some may do a One Time closing which is for construction and the permanent loan or you may need to find a source also for the permanent loan once construction is finished as many banks only do the construction loan piece.
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